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SPAL
IE00B4LJS984
Passive ETCCommodity

SPAL ETC · Invesco Physical Palladium ETC

The SPAL Exchange Traded Commodity (ETC) is provided by Invesco. It is built to track an index: London Metal Exchange Palladium. The SPAL ETC provides physical exposure, so by buying it you actually own parts of all the underlying holdings. The dividend policy is capitalization.
Last update 4/17/2026, 7:00 AM UTC
LIVE
CLOSED
This fund is part ofPrecious Metals1M perf.-0.06%
Last price
$150.93
1M perf.
-1.33%
1M flows
-€275K
AuM
€27M
E/R
0.19%
Rating
Not rated
ESG Consensus®
esg grade icon
SPAL
$150.93

Performance & flows

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January 16, 2026 → April 16, 2026
0-20-1001020%FEBMARAPRFEBMARAPR
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SPAL
$150.64
-10.01%
Precious Metals
-6.21%

Historic performance and flows

1M3M1Y3Y5YMTDQTDYTD
Perf.
-1.33%
icon
-10.01%
icon
+62.74%
icon
+3.36%
icon
-43.40%
icon
+9.11%
+9.11%
+0.77%
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Flows

Key fund info

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Main characteristics
Issuer
ISIN
IE00B4LJS984
AuM
€27M
icon
E/R
0.19%
icon
Replication rating
Not rated
ESG Consensus®
esg grade icon
More details
NAV
4/16/2026
$150.54
1D NAV change
0.00%
Dividend policy
Replication method
Direct (Physical)
Replication model
Physically backed
No. of holdings
N/A
Inception date
4/13/2011
Jurisdiction
Ireland
Distribution
Ireland
United Kingdom
France
Finland
Spain
Legal structure
Debt instrument
Base currency
USD
Classification
Product type
Benchmark
London Metal Exchange Palladium
Asset class
Factors
N/A
Investment strategy
The Invesco Physical Palladium ETC aims to provide the performance of the spot palladium price through certificates collateralised with physical palladium. Each Palladium ETC is a certificate which is secured by physical palladium held in J.P. Morgan Chase Bank's London vaults. The Issuer of the certificates, Invesco Physical Markets PLC (Invesco PMP), is an Irish-domiciled company administered by Wells Fargo Bank N.A. The vast majority of palladium is held in allocated palladium plates/ingots. Any residual value that cannot be split into standard palladium plates/ingots will be put into unallocated palladium. This is placed in a segregated account with J.P. Morgan Chase Bank acting as Custodian and Deutsche Bank as Trustee. The investment return is achieved by holding physical palladium which is valued daily at the London PM fixing price. Invesco ETCs are exchange traded certificates and not funds or exchange traded funds.
Tax optimisation
PEA
France
UK Reporting Status
United Kingdom
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Risk profile

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Historical risk/return profile

3M1Y3Y5Y
Returns
-10.01%
icon
+62.74%
icon
+3.36%
icon
-43.40%
icon
Volatility
Perf./Volatility
Max drawdown
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Synthetic Risk and Reward Indicator (SRRI)
UCITS
1
2
3
4
5
6
7
PRIIPS
1
2
3
4
5
6
7
More exposure metrics are available, exclusively in Trackinsight Enterprise

Exposure

The SPAL ETF provides physical exposure, so by buying it you actually own parts of all the underlying holdings. We're working to retrieve all detailed holding information.

To find out more about SPAL's exposure, please refer to the as provided by Invesco.

More risk metrics are available, exclusively in Trackinsight Enterprise

Sustainability

Integrates ESG criteria
No
SDG
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Replication

Trackinsight replication rating:
Not rated
Replication quality
Calculated over 12m, as of March 31, 2026
Tracking error
Tracking difference
Replication information
Index
London Metal Exchange Palladium PM Fix Price/USD Index - USD
Index ticker
PLDMLNPM Index
Index dividend policy
PI
Replication method
Replication model
More replication analysis are available, exclusively in Trackinsight Enterprise

Issuer

Invesco
Invesco ID Card
Number of funds
633
Total AuM
€893.14B
Expense ratio range
0.04% - 5.39%
Average expense ratio
0.3558%
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Frequently asked questions about SPAL

What does Invesco Physical Palladium ETC, SPAL, invest in?

SPAL is a Passive ETF. This ETC provides exposure to Palladium.

Which benchmark or index does SPAL replicate?

SPAL tracks the London Metal Exchange Palladium PM Fix Price/USD Index - USD, through a replication method.

What is the Total Expense ratio (TER) of SPAL?

SPAL carries a total expense ratio (TER) of 0.19%, indicating the annual cost for holding the fund.

When was SPAL launched?

SPAL was introduced to the market on April 13, 2011. It trades on Ireland, among other exchanges

Who is the ETF issuer of SPAL?

Invesco Physical Palladium ETC, SPAL, is provided by Invesco. Learn more about Invesco here.

What is the current assets under management (AUM) of SPAL?

SPAL oversees €27M in assets as of April 16, 2026.

How has SPAL performed lately?

Based on data from April 16, 2026, SPAL returned -1.33% over the past month, -10.01% over the last three months and 0.77% year-to-date.

What are the latest inflows or outflows for SPAL?

As of April 16, 2026, SPAL recorded net flows of -€286K over the last month and +€2M year-to-date.

Does SPAL distribute dividends?

SPAL follows a capitalizing, meaning it reinvests income within the fund.

What is the base currency of SPAL?

The base currency of SPAL is USD.

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