> For the complete documentation index, see [llms.txt](https://docs.shprd.finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.shprd.finance/guides/investing-in-a-vault/choose-a-vault.md). # Choose a vault ## How to choose a vault {% hint style="info" %} Before investing in a vault, **do your own research**. {% endhint %} On the vaults page you will find the most important information about each vault: * **Traded Assets:** Names of tokens that can be traded from the base token and current proportions in the vault * **Performance:** Performance of the trader's strategy * **TVL:** Total **value** currently locked in the vault * **Inception:** Date of vault creation If there is a "*KYCed vault*" label, this means that you must be **KYC** to invest in the vault. Go to the [Authentication](/other-websites/authentication.md) page to learn more about KYC

When you click on "see details to deposit" in the vaults homepage, you can see all the information about a vault.

### Vault overview * **Share price** curve over time * **TVL** curve over time * **TVL - latest:** Total **value** currently locked in the vault * **Management fees - yearly:** Percentage of management fee to be paid per year * **Performance fees - yearly:** Percentage of performance fees to be paid * **High-Water Mark:** Highest peak in value reached in the vault

Information about the vault: * **Base asset:** Base token name and current proportion in the vault * **Traded Assets:** Names of tokens that can be traded from the base token and current proportions in the vault * **Performance:** Performance of the trader's strategy * **Smart contract:** Smart contract address of the vault * **Strategists:** Addresses of traders * **Owners:** Addresses of vault owners * **Inception:** Date of vault creation

Information about the share: * **Name:** Name of the vault share * **Symbol:** Symbol of the vault share * **Share price:** Current share price of the vault * **Share supply:** Current amount of vault shares * **Smart contract:** Smart contract of the vault share

### Vault strategy As you may have noticed, there is a button "Trader's strategy" with a blue icon below the vault name. Clicking on it will take you to the trader's strategy Mirror page to learn more about the trading strategy used.

### Vault assets Information on the proportion of assets in the vault and price developments:

### Vault fees Information on vault fees: * **Exit fees:** Percentage of exit fee to be paid during redemption of shares * **Beneficiary:** Address of the beneficiary of the protocol fee (trader address) * **Management fees:** Percentage of management fee to be paid per year * **Management fees to DAO:** Percentage of management fees paid to the DAO * **Performance fees:** Percentage of performance fee to be paid * **Performance fees to DAO:** Percentage of performance fees paid to the DAO * **Minimum harvest:** Minimum amount of fees to be collected