A CeO2-ZrO2 compound with mixed phase composition (CZ4) was prepared by modified co-precipitation method, and for comparison, single-phase Ce0.2Zr0.8O2, Ce0.5Zr0.5O2 and Ce0.8Zr0.2O2 were synthesized via simultaneous co-precipitation method. The textural, structural and redox properties, together with the catalytic performance of the supported Pd-only three-way catalysts were investigated systematically. The results revealed that the generation of numerous interface sites in Pd/CZ4 due to its mixed phase composition (as confirmed by TEM observation) had a positive influence on modifying its structural, redox properties and thermal stability. The XRD and Raman results revealed that the highest structural stability was obtained by Pd/CZ4 with negligible lattice variation and slightest grain growth after aging treatment. The XPS analysis demonstrated that the compositional heterogeneity of Pd/CZ4 could facilitate the formation of Ce3+, and was beneficial to preserve high dispersion of Pd as well as maintain Pd at a more oxidized state. The H-2-TPR and oxygen storage capacity measurements indicated that Pd/CZ4 possessed highest reduction ability as well as largest oxygen storage capacity regardless of thermal aging treatment. And consequently Pd/CZ4 exhibited improved three-way catalytic activity compared with the catalysts supported on single-phase CexZr1-xO2 both before and after thermal aging treatment. (C) 2015 Elsevier Inc. All rights reserved.