Share splits for abrdn ETFs (NYSE: PALL, PPLT) leave value unchanged
Rhea-AI Filing Summary
ABRDN ETF TRUST, sponsor of the abrdn Physical Palladium Shares ETF, announced a 5-for-1 forward share split for the PALL fund. Shareholders of record as of the market close on May 14, 2026 will receive five new shares for each existing share, payable after market close on May 15, 2026. The post-split shares will begin trading on May 18, 2026 at one-fifth of the prior net asset value per share, while the total value of each investor’s holding remains the same. A related press release also describes a 10-for-1 forward share split for the abrdn Physical Platinum Shares ETF (PPLT) on the same timetable. Ticker symbols and CUSIP numbers for both funds will remain unchanged.
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8-K Event Classification
Key Figures
Key Terms
abrdn Precious Metals Basket ETF Trust financial
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
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If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
| Item 8.01 | Other Events. |
Forward Share Split
On April 22, 2026, a press release was issued announcing a 5-for-1 forward share split (the “Split”) of the abrdn Physical Palladium Shares ETF (the “Shares”) issued by the abrdn Palladium ETF Trust (the “Registrant”).
The Split will apply to shareholders of record as of the close of the markets on May 14, 2026, and will be payable after the close of the markets on May 15, 2026. The Split will be effective prior to the market open on May 18, 2026, when the Shares of the Registrant will trade at their post-Split prices. The ticker symbol and CUSIP number for the Shares will not change.
The Split will decrease the price per Share of the Registrant with a proportionate increase in the number of Shares outstanding. In the 5-for-1 Split, shareholders will receive five post-Split Shares for every Share held of record as of the close of the markets on May 14, 2026. The post-Split Shares will be priced at one-fifth the net asset value (“NAV”) of a pre-Split Share.
A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated by reference into this Item 8.01.
| Item 9.01 | Financial Statements and Exhibits |
| Exhibit 99.1 | Press Release dated April 22, 2026 |
| Exhibit 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| ABRDN PALLADIUM ETF TRUST | |||
| By: abrdn ETFs Sponsor LLC, | |||
| Sponsor of the abrdn Palladium ETF Trust | |||
| Date: April 22, 2026 | By: | /s/ Sharon Ferrari | |
| Sharon Ferrari | |||
| Chief Financial Officer and Treasurer* | |||
| * | The Registrant is a trust and Ms. Ferrari is signing in her capacities as officer of abrdn ETFs Sponsor LLC, the Sponsor of the Registrant. |
ABRDN PALLADIUM ETF TRUST 8-K
Exhibit 99.1
FOR IMMEDIATE RELEASE
For More Information Contact:
Aberdeen Investments
ETFinfoUS@aberdeenplc.com
844-383-7289
ABERDEEN INVESTMENTS ANNOUNCES 10-FOR-1 FORWARD SHARE SPLIT OF ABRDN PHYSICAL PLATINUM SHARES ETF (PPLT) AND 5-FOR-1 FORWARD SHARE SPLIT OF ABRDN PHYSICAL PALLADIUM SHARES ETF (PALL)
PHILADELPHIA, PA – April 22, 2026 – Aberdeen Investments announced today a 10-for-1 forward share split for the abrdn Physical Platinum Shares ETF (NYSE Arca: PPLT) and a 5-for-1 forward share split for the abrdn Physical Palladium Shares ETF (NYSE Arca: PALL). The splits will not change the total value of a shareholder’s investment.
| Ticker | Name | Split Ratio |
| PPLT | abrdn Physical Platinum Shares ETF | 10 for 1 |
| PALL | abrdn Physical Palladium Shares ETF | 5 for 1 |
All forward share splits will apply to shareholders of record as of the market close on May 14, 2026 (the “Record Date”), payable after market close on May 15, 2026. Shares of each of fund will trade at their post-split prices on May 18, 2026. The ticker symbols and CUSIP numbers for each fund will not change.
The forward share splits will decrease the price per share of each fund, with a proportionate increase in the number of shares outstanding. In a 10-for-1 forward share split, every pre-split share will result in the receipt of ten post-split shares, which will be priced at one-tenth the net asset value (“NAV”) of a pre-split share. In a 5-for-1 forward share split, every pre-split share will result in the receipt of five post-split shares, which will be priced at one-fifth the NAV of a pre-split share.
Illustration of a Forward Share Split
The following table shows the effect of a hypothetical 10-for-1 share split:
| Period | # of Shares | Hypothetical Net Asset Value (NAV) per share | Total Value |
| Pre-Split | 10 | $100 | $1,000 |
| Post-Split | 100 | $10 | $1,000 |
The following table shows the effect of a hypothetical 5-for-1 share split:
| Period | # of Shares | Hypothetical Net Asset Value (NAV) per share | Total Value |
| Pre-Split | 10 | $100 | $1,000 |
| Post-Split | 50 | $20 | $1,000 |
For more information about Aberdeen’s ETF suite, please visit here.
Important Information
abrdn Silver ETF Trust (which issues shares of the abrdn Physical Silver Shares ETF), abrdn Gold ETF Trust (which issues shares of the abrdn Physical Gold Shares ETF), abrdn Platinum ETF Trust (which issues shares of the abrdn Physical Platinum Shares ETF) and abrdn Palladium ETF Trust (which issues shares of the abrdn Physical Palladium Shares ETF) and abrdn Precious Metals Basket ETF Trust (which issues shares of the abrdn Physical Precious Metals Basket Shares ETF) (the “Trusts”) are not investment companies registered under the Investment Company Act of 1940 or a commodity pool for purposes of the Commodity Exchange Act. Shares of the Trusts are not subject to the same regulatory requirements as mutual funds. These investments are not suitable for all investors. Trusts focusing on a single commodity generally experience greater volatility. Please refer to the prospectus for complete information regarding all risks associated with the Trusts.
This material must be accompanied or preceded by the prospectus. Carefully consider the investment objectives, risk factors, and fees and expenses of each Trust before investing. To view a Trust’s prospectus, please click here – abrdn Silver ETF Trust, abrdn Gold ETF Trust, abrdn Platinum ETF Trust, abrdn Palladium ETF Trust and abrdn Precious Metals Basket ETF Trust.
Investing involves risk, including possible loss of principal. Because shares of the Trust are intended to reflect the price of the gold held by the Trust, the market price of the shares is subject to fluctuations similar to those affecting gold prices. Additionally, shares of the Trust are bought and sold at market price, not at net asset value (“NAV”). Brokerage commissions will reduce returns. Commodities' prices may be highly volatile. Prices may be affected by various economic, financial, social and political factors, which may be unpredictable and may have a significant impact on the prices of precious metals.
Shares of the Trusts are intended to reflect, at any given time, the market price of gold, silver, platinum and/or palladium bullion (“Bullion”) owned by such Trust at that time less the Trust’s expenses and liabilities. The price received upon the sale of the shares, which trade at market price, may be more or less than the value of the Bullion represented by such shares. If an investor sells the shares at a time when no active market for them exists, such lack of an active market will most likely adversely affect the price received for the shares. For a more complete discussion of the risk factors relative to the Trust, carefully read the prospectus.
This material does not constitute any specific legal, tax or accounting advice. Please consult with qualified professionals for this type of advice.
About Aberdeen Investments
Aberdeen Investments Global is the trade name of Aberdeen’s investments business, herein referred to as “Aberdeen Investments” or “Aberdeen”. Aberdeen Investments is a specialist asset manager that focuses on areas where we have both strength and scale across public and private markets, including credit, specialist equities and real assets. Our teams collaborate across regions, asset classes and specialisms, connecting diverse perspectives and working with clients to identify investment opportunities that suit their needs.
In the United States, Aberdeen Investments refers to the following affiliated, registered investment advisers: abrdn Inc., abrdn Investments Limited, and abrdn Asia Limited. abrdn ETFs Sponsor LLC, a wholly-owned subsidiary of abrdn Inc., serves as sponsor to Aberdeen’s precious metals ETF trusts. Aberdeen Investments has extensive experience serving as manager or sponsor of U.S. mutual funds, closed-end funds and ETFs (including commodity, precious metals and actively-managed ETFs). As of December 31, 2025, Aberdeen Investments managed or sponsored approximately $525 billion in assets.
www.aberdeeninvestments.com
About Aberdeen Group
Aberdeen is a leading Wealth & Investments group, working to help millions of customers and clients turn their financial goals into reality. As of December 31, 2025, Aberdeen managed and administered $747 billion of client and customer assets across its three core business, interactive investor, Adviser and Investments.
ALPS Distributors, Inc. is the marketing agent for the Trusts, and is not affiliated with Aberdeen
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ETF002472 5/31/27