AfricaPalladium ETFs are backed by physical palladium, stored and insured in secured custodian vaults. Each palladium ETF will have recourse to good delivery palladium bars. The palladium is segregated, individually identified and allocated in secured vaults.
Africa ETF is not allowed to introduce any outside risks into the palladium ETFs including leasing of the precious metals. Each palladium ETF unit has an entitlement to an amount of palladium and is referred to as the metal entitlement factor (or asset allocation factor). The metal entitlement factor changes daily to reflect the ETF’s management fee.