abrdn Physical Palladium Shares ETF

The abrdn Physical Palladium Shares ETF (NYSE Arca: PALL) is a physically-backed exchange-traded fund launched on January 8, 2010, and managed by abrdn ETFs Sponsor LLC, designed to reflect the performance of the price of physical palladium bullion, less the Trust's expenses. The fund holds allocated palladium bars in a secure, LBMA-approved vault in London, UK, custodied by ICBC Standard, with The Bank of New York Mellon serving as trustee and Bureau Veritas Commodities UK Ltd conducting twice-annual vault inspections to ensure transparency and accountability. With a net expense ratio of 0.60%, PALL offers investors a cost-effective and convenient means of gaining direct exposure to palladium — a platinum-group metal with significant demand driven by automotive catalytic converters — without the use of futures contracts or the logistical challenges of physical ownership. As one of the only pure-play investment vehicles for palladium exposure listed on a major U.S. exchange, PALL serves as a key diversification tool for investors seeking access to the precious metals commodity market, with a current market capitalization of approximately $528 million.