> For the complete documentation index, see [llms.txt](https://docs.sivax.io/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.sivax.io/products/reporting.md).

# Reporting

SIVAX provides visibility, controls, and reporting to make an always-on fund product easier to understand and manage.

SIVAX provides visibility, controls, and reporting to make an always-on fund product easier to understand and manage.

The SIVAX Fund Product is an always-on strategy where users follow a continuously managed portfolio. Reporting provides a clear view of portfolio status, participation state, and how the strategy is being managed.

### What Users See

Reporting focuses on making the product understandable at a portfolio level:

|                    |                                       |
| ------------------ | ------------------------------------- |
| Participation      | Whether participation is active       |
| Portfolio Position | How the product is positioned overall |
| Strategy Evolution | How the strategy changes over time    |
| Risk & Controls    | How risk and controls fit into design |

Users are not expected to track each underlying position, but they should be able to understand the state of the product they are in.

### How the Product Is Managed

Reporting reflects how the product operates over time. The focus is on the overall portfolio rather than individual structures:

* Participation status
* Allocation posture at a high level
* How the strategy is adapting to market conditions

Controls are part of the product engine and include:

* Allocation discipline
* Hedging
* Reserve capital management
* Monitoring and operations

{% hint style="warning" %}
Returns are not fixed, risk is not eliminated, and performance is not guaranteed. Reporting shows how the product is managed, not what it will deliver.
{% endhint %}

### Core vs Custom Controls

Controls differ depending on the product type.

For the core fund product, controls focus on maintaining a disciplined operating framework. For custom structures, controls are more formal and may include:

* Review
* Governance
* Permissioning
* KYC
* Jurisdictional constraints
* Structured reporting

This reflects two product paths: a managed fund product for broad participation, and custom structures for more controlled use cases.

{% hint style="info" %}
Existing SIVAX pages already describe allocation, hedging, and rebalancing as ongoing parts of the strategy rather than occasional adjustments.
{% endhint %}