ETPMPD

ETFS Physical Palladium
ISIN AU000ETPMPD3

Low cost access to physical palladium

ETFS Physical Palladium (ASX code: ETPMPD) offers low-cost access to physical palladium via the stock exchange and avoids the need for investors to personally store their own bullion.

About ETPMPD

ETPMPD offers investors a simple, cost-efficient and secure way to access palladium by providing a return equivalent to the Australian dollar price movement of palladium less a daily management fee.

ETPMPD is backed by physically allocated palladium held by JPMorgan Chase Bank, N.A. (the Custodian) in London. Only metal that conforms with the London Platinum and Palladium Association’s (LPPM) rules for Good Delivery is accepted by the custodian. Each physical bar is segregated, individually identified and allocated which means there is no credit risk. Investors can choose to redeem units for the physical holdings.

ETPMPD is an exchange traded commodity ("ETC") that can be created and redeemed on demand (by Authorised Participants). It trades on the stock exchange just like a share and is settled and held in ordinary brokerage accounts.

Why Consider ETPMPD?

  • Low-cost access to physical palladium

  • Provides exposure to the supply and demand dynamics for palladium in areas such as the automotive industry

  • Enables diversification away from traditional asset classes

  • ETPMPD units are redeemable directly with the issuer for the underlying bullion

  • Liquid and transparent

FAQs

Where is the metal stored?

The physical palladium for ETPMPD is held in the vault(s) of JPMorgan Chase Bank, N.A. in London. The vault is audited twice yearly by the auditor Inspectorate. All audit reports are made available in the Resources section below. Each palladium bar in the vault is itemised in a bar-list which is available at the top of the web page.

How is the management fee paid?

Each ETPMPD unit comes with an entitlement to an amount of physical bullion. The entitlement is reduced daily by a management fee of 0.49% per annum. The exact metal entitlement per unit is published on the ETF Securities website daily.

How do I redeem units for the physical metal?

To redeem for physical palladium, an investor needs to:

  1. Complete and send a redemption form.

  2. Open an unallocated bullion account with an authorised bullion dealer.

  3. Pay a redemption fee of $1,000 for each redemption. Depending on the quantity of the order, investors may find that selling units in the secondary market is a more cost-efficient option, especially for small quantities.

How can I use ETPMPD in a portfolio?

Palladium tends to have a low correlation to other traditional assets and can therefore be used to enhance a portfolio’s overall risk/return characteristics through diversification. Palladium can be viewed as an alternative asset exposure.

Palladium can offer a growth exposure in relation to industrial demand in the area of automotive manufacturing.

Insights
Product Video: ETFS Physical Palladium
Product Information
NAV Information
NAV/Unit (A$)297.1023
Date (NAV)28 Oct 2020
Currency (NAV)AUD
Shares outstanding30,993
AUM (A$)9,208,091.50
Product Information
Fund inception date19 Dec 2008
Management Costs (% p.a.)0.49
Maximum cost recoveries (% p.a.)0.00
Distribution FrequencyNone
Currency HedgedNo
DomicileAustralia
Legal FormRedeemable preference share with an entitlement to metal
SMSF EligibleYes
Vault LocationLondon, UK
Trading Information
Symbols and Trading Hours
ASX CodeETPMPD
Bloomberg CodeETPMPD AU Equity
ISINAU000ETPMPD3
SEDOLB3KMGB9
IRESSETPMPD.AXW
Trading hours10:00AM – 4:00PM
Trade Online
Management & Administration
IssuerETFS Metal Securities Australia Limited
CustodianJPMorgan Chase Bank, N.A.
RegistrarComputershare Investor Services Pty Limited
TrusteeGold Bullion Nominees
Benchmark Information
BenchmarkLBMA Palladium Price PM
TickerPLDMLNPM
Performance
Announcements
Resources