> ## Documentation Index
> Fetch the complete documentation index at: https://docs.shores.finance/llms.txt
> Use this file to discover all available pages before exploring further.

# Monthly updates

> Monthly reporting on each vault.

Each month Shores publishes an update for every live vault. \[TBD: where updates are published]

## What each update covers

* NAV per shUSD at month end
* Monthly cash yield paid to staked shUSD
* Loans funded, repaid and outstanding
* Anonymized loan-level report: market, size, rate, term, maturity and status
* Late, impaired and defaulted loans, and recovery progress
* First-loss reserve balance

## Archive

\[TBD: first update]

See also [NAV, oracles and reporting](/technical/nav-oracles-and-reporting).


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