@import url('https://fonts.googleapis.com/css2?family=DM+Mono:wght@400;500&family=DM+Sans:wght@400;450;500;600;650;700&display=swap');
:root{--paper:#f8f8f3;--ink:#17231c;--muted:#657067;--rule:#ccd0c6;--green:#255542;--soft:#e7ecdf;--mono:'DM Mono',monospace;--sans:'DM Sans',Arial,sans-serif;color-scheme:light;font-family:var(--sans);color:var(--ink);background:var(--paper);font-size:16px;font-synthesis:none}
*{box-sizing:border-box}html{scroll-behavior:smooth;scroll-padding-top:24px}body{margin:0}button,input,a{-webkit-tap-highlight-color:transparent}a{color:inherit;text-decoration:none}a:hover{text-decoration:underline;text-underline-offset:4px}button{font:inherit;color:inherit;cursor:pointer}button:disabled{cursor:wait;opacity:.6}button:focus-visible,a:focus-visible,input:focus-visible,summary:focus-visible,.chart:focus-visible,.sensitivity td:focus-visible{outline:2px solid var(--green);outline-offset:4px}h1,h2,h3,p{margin:0}h2{font:500 1.75rem/1.3 var(--sans);letter-spacing:-.4px}h3{font:500 1.3rem/1.35 var(--sans)}
.site-shell{max-width:1560px;padding:0 48px;margin:auto}.masthead{display:grid;grid-template-columns:minmax(0,1fr) auto;gap:12px 40px;align-items:start;padding:38px 0 28px}.site-heading h1{font:600 4rem/1.08 var(--sans);letter-spacing:-1.6px;margin-bottom:0}.site-heading h1 span{font-weight:450;color:var(--green)}.site-introduction{grid-column:1/-1;grid-row:2;min-width:0;overflow-x:auto;scrollbar-width:thin;scrollbar-color:var(--rule) transparent}.site-introduction:focus-visible{outline:2px solid var(--green);outline-offset:4px}.site-context{font:1.25rem/1.65 var(--sans);max-width:none;white-space:nowrap;color:#536056}.site-context+.site-context{margin-top:4px}.site-context strong{font-weight:600;color:var(--ink)}.header-meta{display:grid;grid-template-columns:auto auto;justify-items:end;align-items:center;gap:6px 16px;font:12px/1.5 var(--mono);color:var(--muted);text-align:right}.header-meta .security-id,.header-meta .asof{grid-column:1/-1}.security-id{color:var(--ink);letter-spacing:.5px}.asof{display:flex;align-items:center;gap:8px;font:12px/1.5 var(--mono);letter-spacing:.5px}.asof span{color:var(--ink);font-size:14px}.text-button{background:none;border:0;border-bottom:1px solid var(--rule);padding:3px 0;font:14px var(--mono)}.header-meta .text-button{font-size:12px}.section-nav{display:flex;flex-wrap:wrap;gap:14px 28px;align-items:center;border-top:1px solid var(--ink);border-bottom:1px solid var(--rule);padding:15px 0;font-size:14px}.sheet-link{font:12px var(--mono);margin-left:auto;text-decoration:underline;text-underline-offset:4px}
.metrics{border-bottom:1px solid var(--ink);display:grid;grid-template-columns:minmax(0,1.1fr) minmax(0,1.1fr) minmax(0,.9fr) minmax(0,.9fr) minmax(0,1.2fr)}.metric{padding:22px 20px 20px 0;min-width:0}.metric+.metric{border-left:1px solid var(--rule);padding-left:24px}.metric-label{font:14px var(--mono);letter-spacing:.4px}.metric-index{display:none}.metric-value{font:400 2.125rem/1.4 var(--mono);letter-spacing:-1px;margin-top:5px;white-space:nowrap;font-variant-numeric:tabular-nums}.metric-caption{font-size:12px;color:var(--muted);margin-top:4px}.stock-returns{font-size:11px;line-height:1.6;white-space:nowrap;overflow-x:auto;scrollbar-width:thin;color:var(--muted);margin-top:6px}.stock-returns b{font-weight:500;color:var(--ink)}.return-window{font-size:11px;line-height:1.5;margin-top:7px}.highlight{background:var(--soft);padding-right:24px}.highlight .metric-value{color:var(--green)}
.research-layout{display:grid;grid-template-columns:minmax(0,1.65fr) minmax(0,1fr);column-gap:32px;align-items:start}.chapter{grid-column:1;min-width:0;padding:34px 0 38px;border-bottom:1px solid var(--rule);scroll-margin-top:24px}.section-heading{display:flex;align-items:center;justify-content:space-between;gap:20px;margin-bottom:23px}.history-controls{display:flex;gap:20px;align-items:center}.period-control{display:flex;gap:2px;border-bottom:1px solid var(--rule);flex-shrink:0}.period-control button{background:none;border:0;padding:8px 11px;font:14px var(--mono);color:var(--muted)}.period-control button[aria-pressed=true]{color:var(--paper);background:var(--ink)}.toggle{font:14px var(--mono);display:flex;align-items:center;gap:7px;white-space:nowrap}.toggle input{width:16px;height:16px;accent-color:var(--green);margin:0}.chart-topline{display:flex;justify-content:space-between;gap:15px;align-items:center;margin-bottom:9px}.legend{display:flex;gap:20px;font-size:14px}.legend span{display:flex;gap:7px;align-items:center}.line-key{width:20px;height:2px;display:inline-block}.nav-key{background:var(--green)}.price-key{background:#8b9388}.mono{font:12px var(--mono);color:var(--muted)}.chart{position:relative;min-height:220px;width:100%;outline:0;touch-action:pan-y}.chart svg{display:block;width:100%;height:auto;overflow:visible}.chart svg text{font:12px var(--mono);fill:var(--muted)}.chart svg .target-label{font-size:12px;fill:var(--green)}.chart-tooltip{position:absolute;pointer-events:none;max-width:240px;background:var(--ink);color:var(--paper);padding:13px 15px;font:12px/1.7 var(--mono);z-index:4;box-shadow:0 4px 18px #13232118}.chart-tooltip b{display:block;color:#d5e1c9;font-weight:500}.chart-tooltip .basis-note{font:12px/1.5 var(--sans);margin-top:5px;color:#d4d9d1}.chart-footnote{font-size:12px;line-height:1.65;color:var(--muted);margin-top:10px}.ratio-heading{margin-top:32px;margin-bottom:14px}.subtle{font-size:14px;color:var(--muted);margin-top:7px}.event-marker{stroke:#879780;stroke-width:1;stroke-dasharray:3 4;opacity:.45;vector-effect:non-scaling-stroke}.event-marker-tag{visibility:hidden}.event-marker-tag rect{fill:var(--paper)}.chart svg .event-marker-label{fill:var(--green);font-weight:500}.chart-event.is-active .event-marker{stroke:var(--green);stroke-width:3;stroke-dasharray:none;opacity:1}.chart-event.is-active .event-marker-tag{visibility:visible}.events-hidden .chart-event:not(.is-active){visibility:hidden}.history-insight{border-top:1px solid var(--rule);border-bottom:1px solid var(--rule);margin-top:22px;padding:18px 0;display:grid;grid-template-columns:1fr 1fr;gap:20px;font-size:14px;line-height:1.6}.history-insight strong{font:400 1.5rem/1.4 var(--mono);display:block;margin-bottom:3px}
.research-rail{grid-column:2;grid-row:1/span 4;min-width:0;border-left:1px solid var(--rule);padding-left:28px;align-self:stretch}.rail-inner{position:sticky;top:24px;display:flex;flex-direction:column;padding:34px 0 24px;max-height:calc(100dvh - 48px)}.rail-inner>.section-heading{flex-shrink:0;padding-right:8px}.catalyst-content{min-height:0;overflow-y:auto;padding-right:8px;overscroll-behavior:contain;scrollbar-width:thin;scrollbar-color:var(--rule) transparent}.catalyst-content:focus-visible{outline:2px solid var(--green);outline-offset:3px}.catalyst-instruction{font-size:14px;line-height:1.6;color:var(--muted);margin-bottom:14px}.catalyst-window{font:12px/1.6 var(--mono);color:var(--muted);margin-bottom:16px}.event-list{border-top:1px solid var(--ink)}.event-card{border-bottom:1px solid var(--rule);transition:background-color .12s}.event-card summary{list-style:none;cursor:pointer;display:grid;grid-template-columns:1fr 16px;gap:14px;align-items:center;padding:17px 8px}.event-card summary::-webkit-details-marker{display:none}.event-card summary:after{content:'+';font:20px var(--mono);text-align:right;color:var(--muted)}.event-card[open] summary:after{content:'−'}.event-card summary h3{font:500 1rem/1.4 var(--sans);margin:7px 0 5px;letter-spacing:0}.event-meta{display:flex;flex-wrap:wrap;align-items:center;gap:9px;font:12px var(--mono);color:var(--muted)}.event-index{display:inline-grid;place-items:center;min-width:23px;height:22px;border:1px solid var(--rule)}.event-type{font:12px/1.5 var(--sans);color:var(--muted)}.pin-label{display:none;color:var(--green);margin-left:auto;font-size:12px}.event-card.is-active{background:#e7ecdf70}.event-card.is-active summary h3{font-weight:650}.event-card.is-pinned{background:var(--soft)}.event-card.is-pinned .pin-label{display:inline}.event-card.is-pinned .event-index{border-color:var(--green);color:var(--green)}.event-body{padding:0 12px 20px 8px;line-height:1.65;font-size:1rem;color:#536056}.event-body p+p{margin-top:12px}.event-body .chart-footnote{font-size:12px}.event-body a{font:14px var(--mono);display:inline-block;margin-top:14px;border-bottom:1px solid var(--rule)}.empty-note{font-size:14px;padding:20px 0;color:var(--muted)}
.allocation-bar{display:flex;height:55px;margin:5px 0 18px;gap:3px}.allocation-segment{background:var(--green);min-width:4px}.allocation-segment.other{background:#cbd3bf}.allocation-rows{margin-bottom:29px}.allocation-row{display:grid;grid-template-columns:1fr auto auto;gap:24px;align-items:center;padding:13px 0;border-bottom:1px solid var(--rule);font-size:14px}.allocation-row strong{font-size:17px;font-weight:500}.allocation-row .money{font:12px var(--mono);color:var(--muted)}.allocation-label{display:flex;align-items:center;gap:10px}.allocation-label:before{content:'';width:12px;height:12px;background:var(--green)}.allocation-row:last-child .allocation-label:before{background:#cbd3bf}.exposure-heading{display:flex;align-items:center;justify-content:space-between;gap:20px;margin-bottom:12px}.short-chart{min-height:140px}.exposure-heading .mono{max-width:160px;line-height:1.5;text-align:right}
.calculator-label{margin-bottom:12px}.section-intro{font-size:1rem;line-height:1.65;color:#536056;margin-bottom:25px}.scenario-box{display:grid;grid-template-columns:1.1fr 1fr;border-top:1px solid var(--ink);border-bottom:1px solid var(--ink);margin:26px 0 32px}.scenario-controls{padding:26px 24px 28px 0}.scenario-controls label{display:flex;justify-content:space-between;gap:15px;font-size:14px;margin-bottom:20px}.scenario-controls output{font:14px var(--mono);color:var(--green)}.scenario-controls input{width:100%;accent-color:var(--green);height:5px;margin:0;cursor:pointer}.range-labels{display:flex;justify-content:space-between;font:12px var(--mono);color:var(--muted);margin:12px 0 31px}.outline-button{font:14px/1.6 var(--mono);background:none;border:1px solid var(--rule);padding:10px 12px;width:100%;text-align:center}.outline-button:hover{background:var(--soft)}.scenario-result{background:var(--soft);padding:26px 20px;border-left:1px solid var(--rule)}.eyebrow{font:12px/1.6 var(--mono);letter-spacing:.6px}.scenario-price{font:400 1.875rem/1.3 var(--mono);letter-spacing:-1px;margin:14px 0 6px;white-space:nowrap}.scenario-return{font:14px/1.6 var(--mono);color:var(--green)}.scenario-result dl{margin:21px 0;font-size:14px}.scenario-result dl div{display:flex;justify-content:space-between;gap:12px;padding:8px 0;border-bottom:1px solid #c4cbbd}.scenario-result dd{margin:0;font:12px var(--mono)}.scenario-result p{font-size:12px;line-height:1.6;color:var(--muted)}.matrix-title{margin-bottom:15px}.matrix-wrapper{overflow:auto}.sensitivity{width:100%;border-collapse:collapse;font:12px var(--mono);text-align:center;min-width:470px}.sensitivity caption{text-align:left;font:12px/1.6 var(--sans);color:var(--muted);caption-side:bottom;padding-top:12px}.sensitivity th,.sensitivity td{padding:15px 8px;border:1px solid var(--paper)}.sensitivity th{font-weight:400;font-size:12px;color:var(--muted)}.sensitivity td{cursor:pointer}.sensitivity td:focus-visible{outline-offset:-3px}.sensitivity td:hover{box-shadow:inset 0 0 0 1px var(--green)}.sources details{border-bottom:1px solid var(--rule)}.sources h2{margin-bottom:25px}.sources summary{padding:19px 0;font-size:1rem;cursor:pointer;list-style:none}.sources summary:after{content:'+';float:right;font-family:var(--mono)}.sources details[open] summary:after{content:'−'}.sources p{font-size:1rem;line-height:1.7;color:#536056;padding-bottom:19px}.source-links{display:flex;flex-wrap:wrap;gap:22px;font:14px var(--mono);padding-top:23px}.source-links a{text-decoration:underline;text-underline-offset:5px}footer{display:flex;justify-content:space-between;gap:35px;align-items:center;padding:35px 0 45px}footer p{font-size:12px;line-height:1.7;color:var(--muted)}footer>a{font:14px var(--mono)}.skip-link{position:fixed;top:12px;left:12px;z-index:100;padding:15px;background:var(--ink);color:white;transform:translateY(-150%)}.skip-link:focus{transform:none}.error-note{padding:20px;background:#f4e8db;line-height:1.6}.error-note button{margin-left:15px}.loading{padding:85px 0;color:var(--muted);font:14px var(--mono)}
@media(max-width:1100px){.site-shell{padding:0 32px}.masthead{column-gap:30px}.site-heading h1{font-size:3.5rem}.metric-value{font-size:clamp(1.25rem,2.35vw,1.75rem)}.metric+.metric{padding-left:18px}.research-layout{column-gap:24px}.research-rail{padding-left:20px}.history-controls{gap:12px}.period-control button{padding:8px 9px}.scenario-price{font-size:1.625rem}.scenario-box{grid-template-columns:1fr 1fr}.scenario-controls{padding-right:18px}.scenario-result{padding-left:16px;padding-right:16px}}
@media(max-width:900px){.metrics{grid-template-columns:repeat(4,minmax(0,1fr))}.metric.relative-metric{grid-column:1/-1;border-left:0;border-top:1px solid var(--rule);padding-left:0}.relative-metric .stock-returns{margin-top:5px}.research-layout{display:block}.research-rail{display:block;border-left:0;border-bottom:1px solid var(--rule);padding-left:0}.rail-inner{position:static;max-height:none;padding:32px 0}.catalyst-content{overflow:visible;padding-right:0}.rail-inner>.section-heading{position:sticky;top:0;z-index:3;background:var(--paper);padding:12px 0;margin-top:-12px;margin-bottom:16px}.chapter{padding-top:32px}.event-card summary{padding:17px 8px}.event-body{padding-left:8px}.masthead{grid-template-columns:1fr}.header-meta{grid-row:3;display:flex;align-items:center;flex-wrap:wrap;justify-content:space-between;gap:12px;text-align:left}.asof{display:flex;align-items:center;gap:9px}.asof span{margin:0}.masthead{gap:12px;padding:28px 0 22px}.site-context{max-width:none}.section-nav{gap:14px 22px}.sheet-link{margin-left:0}.scenario-price{font-size:1.875rem}}
@media(max-width:560px){.site-shell{padding:0 20px}.site-heading h1{font-size:3rem;letter-spacing:-1px}.site-heading h1 span{display:block}.site-context{font-size:1.25rem}.header-meta{gap:10px 16px}.header-meta .security-id{flex-basis:100%}.asof{font-size:12px}.header-meta #source-status{flex-basis:70%}.section-nav{column-gap:18px;row-gap:12px;padding:14px 0}.section-nav a{font-size:14px}.section-nav .sheet-link{font-size:12px}.metrics{grid-template-columns:1fr 1fr}.metric{padding:17px 12px 17px 0}.metric+.metric{padding-left:16px}.metric:nth-child(3){border-left:0;border-top:1px solid var(--rule);padding-left:12px}.metric:nth-child(4){border-top:1px solid var(--rule)}.metric-value{font-size:1.625rem;letter-spacing:-1px}.metric-label{font-size:12px}.section-heading{gap:12px;align-items:start}.section-heading h2{font-size:1.5rem}.history-controls{gap:10px;flex-direction:column-reverse;align-items:end}.period-control button{padding:6px 8px;font-size:14px}.toggle{font-size:14px}.chart-topline{display:block}.chart-topline .mono{display:block;margin-top:8px}.legend{gap:16px}.chart{min-height:170px}.ratio-heading{margin-top:25px}.history-insight{gap:15px}.history-insight strong{font-size:1.25rem}.allocation-bar{height:46px}.allocation-row{gap:12px}.allocation-row strong{font-size:16px}.exposure-heading{display:block}.exposure-heading .mono{display:block;margin-top:12px;max-width:none;text-align:left}.scenario-box{display:block}.scenario-controls{padding:24px 0}.scenario-result{border-left:0;border-top:1px solid var(--rule);padding:24px}.scenario-price{font-size:1.875rem}.source-links{gap:20px}footer{align-items:start;gap:20px}}
@media(prefers-reduced-motion:reduce){html{scroll-behavior:auto}.event-card{transition:none}}