UBS ETF (CH) Palladium (USD) A-dis

UBS ETF (CH) Palladium (USD) A-dis is an exchange-traded fund that provides targeted exposure to the performance of physical palladium, tracking the LPPM Palladium PM Fixing price in USD after costs. Launched on November 25, 2010, and domiciled in Switzerland, the ETF is passively managed by UBS Fund Management (Switzerland) AG, holding standard LPPM-compliant palladium bars weighing 1-6 kilograms with at least 99.95% purity. These bars are physically segregated and securely stored in a high-security vault in Switzerland. With a total expense ratio of 0.35% p.a., it employs full physical replication and distributes income annually in September, unhedged against currency risk. Palladium, a precious metal essential for catalytic converters in automotive emissions control, electronics, jewelry, and hydrogen purification, drives the ETF's value, reflecting spot market dynamics. Notable features include exchange-traded liquidity, high transparency, cost efficiency, and the unique right to redeem physical palladium. As a small fund with assets around 10-18 million USD, it serves as a specialized commodity vehicle for portfolio diversification beyond equities and bonds, concentrating solely on palladium exposure.