Commodity
SPDM

iShares Physical Palladium ETC

Important Information: Capital at Risk. The value of investments and the income from them can fall as well as rise and are not guaranteed. Investors may not get back the amount originally invested.

Important Information: The value of your investment will vary and your initial investment amount cannot be guaranteed, The securities issued by iShares Physical Metals plc are limited recourse obligations which are payable solely out of the underlying secured property. If the secured property is insufficient any outstanding claims will remain unpaid. ETCs will seek exposure to a limited number of market sectors. Compared to investments which spread investment risk more generally through a variety of sectors, price movements may have a greater effect on the overall value of the investment. Precious metal prices are generally more volatile than most other asset classes, making investments riskier and more complex than other investments.
ETCs trade on exchanges like securities and are bought and sold at market prices which may be different to the net asset values of the ETCs.

The index is not a benchmark within the meaning of Regulation (EU) 2016/1011.

Performance

This chart shows the product’s performance as the percentage loss or gain per year over the last 10 years against its benchmark. It can help you to assess how the product has been managed in the past and compare it to its benchmark.

2016201720182019202020212022202320242025
Total Return (%) USD
23.1
55.6
19.1
51.4
23.0
-18.8
-7.4
-37.5
-18.9
72.0
Index (%) USD
23.6
56.2
19.6
52.0
23.4
-18.6
-7.3
-37.4
-18.8
72.4

The figures shown relate to past performance. Past performance is not a reliable indicator of future performance. Markets could develop very differently in the future. It can help you to assess how the fund has been managed in the past

Performance is shown on a Net Asset Value (NAV) basis, with gross income reinvested where applicable. Performance data is based on the net asset value (NAV) of the ETC which may not be the same as the market price of the ETC. Individual shareholders may realize returns that are different to the NAV performance.

The return of your investment may increase or decrease as a result of currency fluctuations if your investment is made in a currency other than that used in the past performance calculation. Source: Blackrock

Key Facts

Net Assets of Fund
as of 25/Sept/2026
USD 72,873,932
Base Currency
USD
Index
Benchmark for Physical Palladium
Tonnes in Trust
as of 28/Sept/2026
1.85
Daily Metal Entitlement per Security
as of 28/Sept/2026
0.028545905
ISIN
IE00B4556L06
Domicile
Ireland
Rebalance Frequency
None
UCITS
No
Issuing Company
iShares Physical Metals plc
Administrator
State Street Bank and Trust Company
Fiscal Year End
30 April
SIPP Eligible
Yes
UK Reporting Status
Yes
Fund Launch Date
08/Apr/2011
Asset Class
Commodity
Shares Outstanding
as of 25/Sept/2026
2,031,303
Ounces in Trust
as of 28/Sept/2026
59,384.13
Total Expense Ratio
0.20%
Use of Income
No Income
Product Structure
Physical metal
Methodology
Physical Replication
UCITS Eligible
Yes
Arranger
BlackRock Advisors (UK) Limited
Custodian
JPMorgan Chase Bank N.A., London Branch
Bloomberg Ticker
SPDM LN
ISA Eligibility
Yes

Portfolio Characteristics

Index Level
as of 25/Sept/2026
USD 1,256.75
Index Ticker
-

Risk Indicator

1
2
3
4
5
6
7
Low RiskHigh Risk
Typically low rewardsTypically high rewards

Registered Locations

  • Austria

  • Belgium

  • Denmark

  • Finland

  • France

  • Germany

  • Ireland

  • Italy

  • Luxembourg

  • Netherlands

  • Norway

  • Saudi Arabia

  • Spain

  • Sweden

  • United Kingdom

Listings

Exchange
Ticker
Currency
Listing Date
SEDOL
Bloomberg Ticker
RIC
Berne Stock ExchangeSPDMEUR24/Mar/2026B4JV4D2SPDM BWSPDM.BN
London Stock ExchangeSPDMGBP11/Apr/2011B4JV4D2SPDM LNSPDM.L
London Stock ExchangeIPDMUSD11/Apr/2011B4556L0IPDM LNIPDM.L

1 to 3 of 3

Literature

If the Fund invests in any underlying fund, certain portfolio information, including sustainability characteristics and business-involvement metrics, provided for the Fund may include information (on a look-through basis) of such underlying fund, to the extent available.