:root {
  color-scheme: light;
  --ink: #172421;
  --muted: #63716e;
  --soft-muted: #86918f;
  --paper: #f7f9f8;
  --white: #ffffff;
  --soft: #eef3f1;
  --soft-green: #e4eeeb;
  --line: #d9e2df;
  --line-strong: #c3d0cc;
  --green-950: #102a24;
  --green-900: #173f36;
  --green-800: #205449;
  --green-700: #2d6d5f;
  --green-200: #c7ddd6;
  --gold: #a98342;
  --gold-soft: #f1eadb;
  --red: #a14f45;
  --red-soft: #f5e8e5;
  --sans: Inter, ui-sans-serif, system-ui, -apple-system, BlinkMacSystemFont, "Segoe UI", sans-serif;
  --serif: Georgia, "Times New Roman", serif;
  --mono: "SFMono-Regular", Consolas, "Liberation Mono", monospace;
  --shell: min(1220px, calc(100vw - 64px));
  --shadow: 0 18px 52px rgba(21, 55, 47, 0.1);
}

* {
  box-sizing: border-box;
}

html {
  scroll-behavior: smooth;
}

body {
  margin: 0;
  background: var(--paper);
  color: var(--ink);
  font-family: var(--sans);
  -webkit-font-smoothing: antialiased;
}

body.dialog-open {
  overflow: hidden;
}

a {
  color: inherit;
  text-decoration: none;
}

button,
input,
select {
  font: inherit;
}

button,
a {
  -webkit-tap-highlight-color: transparent;
}

button {
  cursor: pointer;
}

svg {
  width: 17px;
  height: 17px;
  stroke-width: 1.8;
}

h1,
h2,
h3,
p {
  margin-top: 0;
}

h1,
h2 {
  font-family: var(--serif);
  font-weight: 400;
  letter-spacing: 0;
}

.page-shell {
  width: var(--shell);
  margin-inline: auto;
}

.sr-only {
  position: absolute;
  width: 1px;
  height: 1px;
  padding: 0;
  margin: -1px;
  overflow: hidden;
  clip: rect(0, 0, 0, 0);
  white-space: nowrap;
  border: 0;
}

.site-header {
  position: absolute;
  z-index: 5;
  top: 0;
  left: 0;
  display: flex;
  width: 100%;
  height: 76px;
  align-items: center;
  justify-content: space-between;
  padding: 0 42px;
  border-bottom: 1px solid rgba(23, 63, 54, 0.13);
  background: rgba(255, 255, 255, 0.86);
  color: var(--green-950);
  backdrop-filter: blur(14px);
}

.site-header.static-header {
  position: relative;
}

.brand,
.brand-copy,
.desktop-nav,
.header-actions,
.hero-actions,
.focus-strip-inner,
.focus-strip-inner div,
.footer-top,
.footer-links,
.footer-bottom,
.about-details p,
.conversion-layout,
.portfolio-status,
.data-freshness,
.portfolio-toolbar,
.portfolio-toolbar-group,
.table-symbol,
.dialog-actions {
  display: flex;
  align-items: center;
}

.brand {
  gap: 12px;
  flex-shrink: 0;
}

.brand-mark {
  width: 38px;
  height: 38px;
  flex-shrink: 0;
}

.brand-mark img,
.about-monogram img {
  display: block;
  width: 100%;
  height: 100%;
}

.brand-copy {
  align-items: flex-start;
  flex-direction: column;
  gap: 1px;
}

.brand-copy strong {
  font-family: var(--serif);
  font-size: 17px;
  font-weight: 500;
}

.brand-copy small {
  color: var(--green-700);
  font-size: 9px;
  font-weight: 800;
  letter-spacing: 0.15em;
  text-transform: uppercase;
}

.desktop-nav {
  gap: 26px;
  margin-left: auto;
  margin-right: 26px;
}

.desktop-nav a,
.footer-links a {
  color: var(--muted);
  font-size: 11px;
  font-weight: 800;
  letter-spacing: 0.08em;
  text-transform: uppercase;
  transition: color 160ms ease;
}

.desktop-nav a:hover,
.desktop-nav a.active,
.footer-links a:hover {
  color: var(--green-800);
}

.header-actions {
  gap: 9px;
}

.button {
  display: inline-flex;
  min-height: 46px;
  align-items: center;
  justify-content: center;
  gap: 9px;
  padding: 0 17px;
  border: 1px solid transparent;
  border-radius: 2px;
  font-size: 11px;
  font-weight: 900;
  letter-spacing: 0.07em;
  text-transform: uppercase;
  transition: background 160ms ease, border-color 160ms ease, color 160ms ease, transform 160ms ease;
}

.button:hover {
  transform: translateY(-1px);
}

.button-compact {
  min-height: 38px;
  padding-inline: 12px;
  font-size: 10px;
}

.button-dark {
  background: var(--green-900);
  color: var(--white);
}

.button-dark:hover {
  background: var(--green-800);
}

.button-outline {
  border-color: var(--line-strong);
  background: rgba(255, 255, 255, 0.7);
  color: var(--green-900);
}

.button-outline:hover {
  border-color: var(--green-700);
  background: var(--white);
}

.icon-button {
  display: grid;
  width: 40px;
  height: 40px;
  place-items: center;
  border: 1px solid var(--line);
  background: var(--white);
  color: var(--green-900);
  transition: border-color 160ms ease, background 160ms ease;
}

.icon-button:hover {
  border-color: var(--green-700);
  background: var(--soft-green);
}

.mobile-menu-button {
  display: none;
}

.mobile-nav {
  position: absolute;
  z-index: 4;
  top: 70px;
  left: 0;
  width: 100%;
  padding: 7px 22px 18px;
  border-bottom: 1px solid var(--line);
  background: rgba(255, 255, 255, 0.98);
}

.mobile-nav.static-mobile-nav {
  top: 70px;
}

.mobile-nav a {
  display: block;
  padding: 12px 0;
  border-bottom: 1px solid var(--line);
  color: var(--green-900);
  font-size: 12px;
  font-weight: 800;
  letter-spacing: 0.07em;
  text-transform: uppercase;
}

.eyebrow {
  margin: 0 0 17px;
  color: var(--green-700);
  font-size: 10px;
  font-weight: 900;
  letter-spacing: 0.17em;
  text-transform: uppercase;
}

.hero {
  position: relative;
  display: flex;
  min-height: 760px;
  align-items: center;
  overflow: hidden;
  background: #eef3f1;
}

.hero-image,
.hero-overlay {
  position: absolute;
  inset: 0;
  width: 100%;
  height: 100%;
}

.hero-image {
  object-fit: cover;
  object-position: 67% center;
}

.hero-overlay {
  background:
    linear-gradient(90deg, rgba(247, 249, 248, 0.99) 0%, rgba(247, 249, 248, 0.96) 39%, rgba(247, 249, 248, 0.67) 62%, rgba(247, 249, 248, 0.18) 100%),
    linear-gradient(0deg, rgba(247, 249, 248, 0.92) 0%, rgba(247, 249, 248, 0) 36%);
}

.hero-content {
  position: relative;
  z-index: 1;
  padding-bottom: 78px;
}

h1 {
  max-width: 780px;
  margin-bottom: 22px;
  color: var(--green-950);
  font-size: clamp(60px, 6vw, 88px);
  line-height: 0.98;
}

h2 {
  margin-bottom: 0;
  color: var(--green-950);
  font-size: 50px;
  line-height: 1.05;
}

.hero-intro {
  max-width: 620px;
  margin-bottom: 29px;
  color: #566663;
  font-size: 18px;
  line-height: 1.7;
}

.hero-actions {
  flex-wrap: wrap;
  gap: 10px;
}

.hero-credentials {
  position: absolute;
  z-index: 1;
  right: 0;
  bottom: 0;
  left: 0;
  display: grid;
  grid-template-columns: repeat(4, 1fr);
  border-top: 1px solid rgba(23, 63, 54, 0.16);
}

.hero-credentials div {
  padding: 18px 18px 20px;
  border-right: 1px solid rgba(23, 63, 54, 0.14);
}

.hero-credentials div:first-child {
  border-left: 1px solid rgba(23, 63, 54, 0.14);
}

.hero-credentials strong,
.hero-credentials span {
  display: block;
}

.hero-credentials strong {
  color: var(--green-900);
  font-family: var(--serif);
  font-size: 24px;
  font-weight: 400;
}

.hero-credentials span {
  margin-top: 3px;
  color: var(--muted);
  font-size: 9px;
  font-weight: 900;
  letter-spacing: 0.12em;
  text-transform: uppercase;
}

.focus-strip {
  border-top: 1px solid var(--line);
  border-bottom: 1px solid var(--line);
  background: var(--white);
}

.focus-strip-inner {
  min-height: 58px;
  justify-content: space-between;
  gap: 24px;
}

.focus-strip p {
  margin: 0;
  color: var(--green-700);
  font-size: 10px;
  font-weight: 900;
  letter-spacing: 0.14em;
  text-transform: uppercase;
}

.focus-strip-inner div {
  flex-wrap: wrap;
  gap: 22px;
}

.focus-strip span {
  color: var(--muted);
  font-family: var(--mono);
  font-size: 11px;
  text-transform: uppercase;
}

.focus-strip span::before {
  margin-right: 8px;
  color: var(--green-700);
  content: "·";
}

.section {
  padding-top: 112px;
  padding-bottom: 112px;
}

.section-heading {
  display: grid;
  grid-template-columns: 1fr minmax(280px, 440px);
  gap: 54px;
  align-items: end;
  padding-bottom: 29px;
  border-bottom: 1px solid var(--line);
}

.section-heading p:last-child {
  margin: 0;
  color: var(--muted);
  font-size: 15px;
  line-height: 1.7;
}

.research-toolbar {
  display: flex;
  align-items: center;
  justify-content: flex-end;
  gap: 22px;
  padding: 21px 0;
}

.search-box {
  display: flex;
  width: min(260px, 100%);
  height: 40px;
  align-items: center;
  gap: 8px;
  padding: 0 11px;
  border: 1px solid var(--line);
  background: var(--white);
  color: var(--muted);
}

.search-box svg {
  width: 15px;
  height: 15px;
}

.search-box input {
  min-width: 0;
  border: 0;
  outline: 0;
  background: transparent;
  color: var(--ink);
  font-size: 12px;
}

.research-index-header,
.research-row {
  display: grid;
  grid-template-columns: 120px 180px minmax(0, 1fr) 120px;
  gap: 20px;
}

.research-index-header {
  padding: 0 14px 10px;
  color: var(--soft-muted);
  font-size: 9px;
  font-weight: 900;
  letter-spacing: 0.13em;
  text-transform: uppercase;
}

.research-grid {
  border-top: 1px solid var(--line-strong);
}

.research-row {
  padding: 23px 14px 25px;
  border-bottom: 1px solid var(--line);
  background: rgba(255, 255, 255, 0.48);
  transition: background 160ms ease;
}

.research-row:hover {
  background: var(--white);
}

.report-marker span,
.report-company-block span,
.report-company-block small,
.report-meta span {
  display: block;
}

.report-index {
  color: var(--green-700);
  font-family: var(--mono);
  font-size: 13px;
}

.report-type {
  margin-top: 24px;
  color: var(--soft-muted);
  font-size: 9px;
  font-weight: 900;
  letter-spacing: 0.09em;
  line-height: 1.4;
  text-transform: uppercase;
}

.report-ticker {
  color: var(--green-900);
  font-family: var(--mono);
  font-size: 14px;
}

.report-company {
  margin-top: 6px;
  color: var(--ink);
  font-size: 13px;
  font-weight: 700;
}

.report-company-block small {
  margin-top: 25px;
  color: var(--green-700);
  font-size: 9px;
  font-weight: 900;
  letter-spacing: 0.08em;
  line-height: 1.4;
  text-transform: uppercase;
}

.report-main h3 {
  max-width: 690px;
  margin-bottom: 8px;
  color: var(--green-950);
  font-family: var(--serif);
  font-size: 25px;
  font-weight: 400;
  line-height: 1.15;
}

.report-summary {
  max-width: 750px;
  margin-bottom: 13px;
  color: var(--muted);
  font-size: 13px;
  line-height: 1.65;
}

.report-link,
.dialog-share {
  display: inline-flex;
  align-items: center;
  gap: 5px;
  border: 0;
  padding: 0;
  background: transparent;
  color: var(--green-700);
  font-size: 10px;
  font-weight: 900;
  letter-spacing: 0.08em;
  text-transform: uppercase;
}

.report-link svg,
.dialog-share svg {
  width: 14px;
  height: 14px;
}

.report-meta {
  text-align: right;
}

.report-meta span {
  margin-bottom: 8px;
  color: var(--muted);
  font-family: var(--mono);
  font-size: 10px;
  line-height: 1.4;
  text-transform: uppercase;
}

.report-status {
  color: var(--green-700) !important;
  font-weight: 700;
}

.empty-state {
  padding: 32px;
  border-bottom: 1px solid var(--line);
  color: var(--muted);
  text-align: center;
}

.portfolio-preview {
  display: grid;
  grid-template-columns: minmax(0, 1fr) minmax(420px, 0.9fr);
  gap: 82px;
  align-items: center;
}

.portfolio-preview-copy p:not(.eyebrow) {
  max-width: 620px;
  margin: 21px 0 25px;
  color: var(--muted);
  font-size: 15px;
  line-height: 1.75;
}

.portfolio-preview-data {
  border-top: 1px solid var(--line-strong);
}

.portfolio-preview-data div {
  display: grid;
  grid-template-columns: 145px 1fr;
  gap: 18px;
  padding: 18px 0;
  border-bottom: 1px solid var(--line);
}

.portfolio-preview-data span {
  color: var(--soft-muted);
  font-size: 9px;
  font-weight: 900;
  letter-spacing: 0.11em;
  text-transform: uppercase;
}

.portfolio-preview-data strong {
  color: var(--green-900);
  font-size: 13px;
}

.approach-section {
  border-top: 1px solid var(--line);
  background: var(--white);
}

.strategy-intro {
  display: grid;
  grid-template-columns: minmax(0, 0.85fr) minmax(460px, 1.15fr);
  gap: 70px;
  align-items: start;
  padding: 42px 0;
}

.strategy-statement {
  max-width: 560px;
  margin: 0;
  color: var(--green-900);
  font-family: var(--serif);
  font-size: 24px;
  line-height: 1.45;
}

.strategy-facts {
  display: grid;
  border-top: 1px solid var(--line-strong);
}

.strategy-facts div {
  display: grid;
  grid-template-columns: 150px 1fr;
  gap: 20px;
  padding: 14px 0;
  border-bottom: 1px solid var(--line);
}

.strategy-facts span,
.investment-focus-grid span {
  color: var(--soft-muted);
  font-size: 9px;
  font-weight: 900;
  letter-spacing: 0.11em;
  text-transform: uppercase;
}

.strategy-facts strong {
  color: var(--green-900);
  font-size: 13px;
}

.principles-grid {
  display: grid;
  grid-template-columns: repeat(3, 1fr);
  gap: 0;
  border-bottom: 1px solid var(--line);
}

.principles-grid article {
  min-height: 265px;
  padding: 28px 29px 30px;
  border-right: 1px solid var(--line);
}

.principles-grid article:first-child {
  border-left: 1px solid var(--line);
}

.principles-grid span {
  color: var(--green-700);
  font-family: var(--mono);
  font-size: 12px;
}

.principles-grid h3 {
  margin: 35px 0 9px;
  color: var(--green-950);
  font-family: var(--serif);
  font-size: 26px;
  font-weight: 400;
  line-height: 1.12;
}

.principles-grid p {
  margin: 0;
  color: var(--muted);
  font-size: 13px;
  line-height: 1.7;
}

.investment-focus {
  margin-top: 70px;
  padding-top: 44px;
  border-top: 1px solid var(--line-strong);
}

.investment-focus-heading {
  display: grid;
  grid-template-columns: minmax(0, 1fr) minmax(300px, 440px);
  gap: 54px;
  align-items: end;
  margin-bottom: 30px;
}

.investment-focus-heading h3 {
  max-width: 680px;
  margin: 0;
  color: var(--green-950);
  font-family: var(--serif);
  font-size: 38px;
  font-weight: 400;
  line-height: 1.1;
}

.investment-focus-heading > p {
  margin: 0;
  color: var(--muted);
  font-size: 13px;
  line-height: 1.7;
}

.investment-focus-grid {
  display: grid;
  grid-template-columns: repeat(4, 1fr);
  border-top: 1px solid var(--line);
  border-bottom: 1px solid var(--line);
}

.investment-focus-grid article {
  min-height: 235px;
  padding: 25px 24px 28px;
  border-right: 1px solid var(--line);
}

.investment-focus-grid article:first-child {
  border-left: 1px solid var(--line);
}

.investment-focus-grid h4 {
  margin: 27px 0 10px;
  color: var(--green-900);
  font-family: var(--serif);
  font-size: 23px;
  font-weight: 400;
  line-height: 1.15;
}

.investment-focus-grid p {
  margin: 0;
  color: var(--muted);
  font-size: 12px;
  line-height: 1.7;
}

.about-section {
  display: grid;
  grid-template-columns: 190px minmax(0, 800px);
  gap: 68px;
  align-items: start;
}

.about-monogram {
  display: grid;
  width: 190px;
  height: 190px;
  place-items: center;
  border: 1px solid var(--line-strong);
  background: var(--white);
  color: var(--green-700);
  font-family: var(--serif);
  font-size: 48px;
}

.about-lead {
  max-width: 790px;
  margin: 19px 0 23px;
  color: var(--muted);
  font-size: 16px;
  line-height: 1.75;
}

.about-details {
  display: grid;
  gap: 8px;
}

.about-details p {
  gap: 8px;
  margin: 0;
  color: var(--green-800);
  font-size: 13px;
  font-weight: 700;
}

.about-details svg {
  width: 15px;
  height: 15px;
}

.conversion-section {
  padding: 66px 0;
  border-top: 1px solid var(--line);
  border-bottom: 1px solid var(--line);
  background: var(--soft-green);
}

.conversion-layout {
  justify-content: space-between;
  gap: 36px;
}

.conversion-layout h2 {
  max-width: 760px;
  font-size: 43px;
}

.conversion-layout p:last-child {
  max-width: 720px;
  margin: 15px 0 0;
  color: var(--muted);
  font-size: 14px;
  line-height: 1.7;
}

.conversion-layout .button {
  flex-shrink: 0;
}

.site-footer {
  padding: 31px 0 21px;
  background: #f1f5f3;
}

.footer-top {
  justify-content: space-between;
  gap: 24px;
  padding-bottom: 21px;
  border-bottom: 1px solid var(--line);
}

.footer-links {
  flex-wrap: wrap;
  gap: 22px;
}

.disclaimer {
  display: grid;
  grid-template-columns: 1fr 1fr;
  gap: 32px;
  padding: 18px 0;
  border-bottom: 1px solid var(--line);
}

.disclaimer p {
  margin: 0;
  color: var(--muted);
  font-size: 10px;
  line-height: 1.65;
}

.disclaimer a {
  color: var(--green-700);
  text-decoration: underline;
  text-underline-offset: 2px;
}

.footer-bottom {
  justify-content: space-between;
  padding-top: 15px;
}

.footer-bottom p {
  margin: 0;
  color: var(--soft-muted);
  font-size: 9px;
  font-weight: 900;
  letter-spacing: 0.11em;
  text-transform: uppercase;
}

.article-dialog {
  width: min(780px, calc(100vw - 32px));
  max-height: calc(100vh - 40px);
  margin: auto;
  border: 0;
  padding: 0;
  background: var(--white);
  box-shadow: var(--shadow);
}

.article-dialog.published-analysis-dialog {
  width: min(1080px, calc(100vw - 32px));
}

.article-dialog::backdrop {
  background: rgba(16, 42, 36, 0.56);
}

.dialog-close {
  position: sticky;
  z-index: 1;
  top: 16px;
  float: right;
  margin: 16px 16px 0 0;
}

#article-body {
  padding: 57px 64px 62px;
}

.dialog-eyebrow {
  margin-bottom: 17px;
  color: var(--green-700);
  font-size: 10px;
  font-weight: 900;
  letter-spacing: 0.14em;
  text-transform: uppercase;
}

.dialog-ticker {
  margin-bottom: 8px;
  color: var(--green-700);
  font-family: var(--mono);
  font-size: 12px;
  font-weight: 700;
  text-transform: uppercase;
}

#article-body h2 {
  max-width: 620px;
  margin-bottom: 16px;
  font-size: 48px;
}

.dialog-summary {
  color: var(--muted);
  font-family: var(--serif);
  font-size: 20px;
  line-height: 1.5;
}

.article-meta {
  display: flex;
  flex-wrap: wrap;
  gap: 8px 18px;
  color: var(--soft-muted);
  font-family: var(--mono);
  font-size: 10px;
  text-transform: uppercase;
}

.dialog-actions {
  min-height: 28px;
  gap: 12px;
  margin-top: 18px;
}

#share-status {
  color: var(--muted);
  font-size: 11px;
}

#article-body hr {
  margin: 25px 0;
  border: 0;
  border-top: 1px solid var(--line);
}

#article-body h3 {
  margin: 25px 0 8px;
  color: var(--green-900);
  font-family: var(--serif);
  font-size: 24px;
  font-weight: 400;
}

.report-chapters {
  border-top: 1px solid var(--line);
}

.report-chapter {
  display: grid;
  grid-template-columns: 39px 1fr;
  gap: 13px;
  padding: 18px 0 17px;
  border-bottom: 1px solid var(--line);
}

.report-chapter .chapter-index {
  margin: 5px 0 0;
  color: var(--green-700);
  font-family: var(--mono);
  font-size: 10px;
}

.report-chapter h3 {
  margin: 0 0 6px !important;
  font-size: 22px !important;
}

.report-chapter p:last-child {
  margin-bottom: 0;
}

#article-body p,
#article-body li {
  color: #52625e;
  font-size: 15px;
  line-height: 1.75;
}

#article-body ul {
  padding-left: 21px;
}

#article-body li {
  padding-left: 4px;
  margin-bottom: 7px;
}

#article-body .article-disclaimer {
  margin: 28px 0 0;
  padding-top: 16px;
  border-top: 1px solid var(--line);
  color: var(--muted);
  font-size: 10px;
}

.published-report-loading {
  min-height: 220px;
  padding-top: 90px;
  text-align: center;
}

.published-report {
  display: grid;
  min-width: 0;
  gap: 54px;
}

.published-report-section {
  min-width: 0;
  max-width: 100%;
  padding-bottom: 48px;
  border-bottom: 1px solid var(--line);
}

.published-section-heading {
  display: grid;
  grid-template-columns: 39px 1fr;
  gap: 13px;
  align-items: baseline;
  margin-bottom: 18px;
}

.published-section-heading .chapter-index {
  color: var(--green-700);
  font-family: var(--mono);
  font-size: 10px;
}

.published-section-heading h3 {
  margin: 0 !important;
  font-size: 30px !important;
}

.published-markdown h1 {
  margin: 32px 0 12px;
  color: var(--green-900);
  font-family: var(--serif);
  font-size: 27px;
  font-weight: 400;
}

.published-markdown h2 {
  margin: 28px 0 10px !important;
  color: var(--green-900);
  font-size: 23px !important;
}

.published-markdown h3 {
  font-size: 20px !important;
}

.published-markdown table {
  width: 100%;
  min-width: 720px;
  margin: 0;
  border-collapse: collapse;
  table-layout: fixed;
  font-size: 13px;
  line-height: 1.45;
}

.published-table-scroll {
  width: 100%;
  min-width: 0;
  max-width: 100%;
  margin: 24px 0 30px;
  overflow-x: auto;
  border: 1px solid var(--line);
  background: var(--white);
  scrollbar-color: var(--green-700) var(--soft);
}

.published-markdown th,
.published-markdown td {
  min-width: 0;
  padding: 12px 14px;
  border-right: 1px solid var(--line);
  border-bottom: 1px solid var(--line);
  text-align: left;
  vertical-align: top;
  overflow-wrap: anywhere;
}

.published-markdown th:first-child,
.published-markdown td:first-child {
  font-weight: 700;
}

.published-markdown tr:last-child td {
  border-bottom: 0;
}

.published-markdown th:last-child,
.published-markdown td:last-child {
  border-right: 0;
}

.published-markdown th {
  background: var(--soft);
  color: var(--green-900);
  font-size: 10px;
  letter-spacing: 0.06em;
  text-transform: uppercase;
}

.published-markdown tbody tr:nth-child(even) {
  background: rgba(240, 245, 243, 0.42);
}

.published-markdown a {
  color: var(--green-700);
  text-decoration: underline;
  text-underline-offset: 2px;
}

.published-charts {
  display: grid;
  gap: 18px;
  margin-top: 28px;
}

.published-chart-frame {
  width: 100%;
  min-height: 520px;
  border: 1px solid var(--line);
  background: var(--white);
}

.published-chart-image {
  display: block;
  max-width: 100%;
  border: 1px solid var(--line);
}

/* Research article page */
.research-page-main {
  padding: 64px 0 100px;
  overflow-x: clip;
}

.research-article {
  width: min(1600px, calc(100vw - 64px));
  max-width: none;
}

.research-back-link {
  display: flex;
  width: min(960px, 100%);
  align-items: center;
  gap: 8px;
  margin: 0 auto 42px;
  color: var(--green-700);
  font-size: 11px;
  font-weight: 900;
  letter-spacing: 0.08em;
  text-transform: uppercase;
}

.research-back-link svg {
  width: 14px;
  height: 14px;
}

.research-article-header {
  max-width: 960px;
  margin: 0 auto 58px;
  padding-bottom: 38px;
  border-bottom: 1px solid var(--line-strong);
}

.research-article-header h1 {
  margin-bottom: 18px;
  font-size: clamp(48px, 7vw, 78px);
  line-height: 1.02;
}

.research-reading-layout {
  display: grid;
  min-width: 0;
  max-width: 100%;
  grid-template-columns: 190px minmax(0, 1040px) 190px;
  gap: 56px;
  align-items: start;
  justify-content: center;
}

.research-chapter-rail {
  position: sticky;
  top: 28px;
  display: grid;
  grid-template-columns: 2px 1fr;
  gap: 18px;
  max-height: calc(100vh - 56px);
  overflow: hidden auto;
  opacity: 0;
  transition: opacity 180ms ease;
}

.research-chapter-rail.is-ready {
  opacity: 1;
}

.research-progress-track {
  position: relative;
  width: 2px;
  height: 100%;
  min-height: 260px;
  background: var(--line);
}

.research-progress-value {
  position: absolute;
  inset: 0 0 auto;
  height: 0;
  background: var(--green-700);
}

.chapter-nav {
  display: grid;
}

.chapter-nav-link {
  display: grid;
  grid-template-columns: 24px 1fr;
  gap: 7px;
  padding: 7px 0;
  color: var(--muted);
  font-size: 10px;
  line-height: 1.35;
}

.chapter-nav-link span {
  font-family: var(--mono);
  font-size: 9px;
}

.chapter-nav-link strong {
  font-weight: 700;
}

.chapter-nav-link.is-active {
  color: var(--green-900);
}

.research-article .published-report {
  grid-column: 2;
  min-width: 0;
  width: 100%;
  max-width: 1040px;
  justify-self: center;
}

.research-article .published-section-heading,
.research-article .published-markdown {
  width: min(960px, 100%);
  min-width: 0;
  max-width: 100%;
  margin-right: auto;
  margin-left: auto;
}

.research-article .published-markdown p,
.research-article .published-markdown li {
  max-width: 100%;
  color: #52625e;
  font-size: 17px;
  line-height: 1.78;
  overflow-wrap: anywhere;
  word-break: normal;
}

.research-article .published-markdown a {
  overflow-wrap: anywhere;
}

.research-article .published-markdown ul,
.research-article .published-markdown ol {
  padding-left: 24px;
}

.research-article .article-disclaimer {
  max-width: 960px;
  margin-right: auto;
  margin-left: auto;
  margin-top: 48px;
  padding-top: 18px;
  border-top: 1px solid var(--line);
  color: var(--muted);
  font-size: 10px;
}

.research-error {
  min-height: 55vh;
  padding-top: 50px;
}

@media (max-width: 1560px) {
  .research-article {
    width: var(--shell);
  }

  .research-reading-layout {
    grid-template-columns: minmax(0, 1040px);
  }

  .research-chapter-rail {
    display: none;
  }

  .research-article .published-report {
    grid-column: 1;
  }
}

/* Portfolio page */
.portfolio-main {
  padding-bottom: 94px;
}

.portfolio-hero {
  padding: 78px 0 34px;
  border-bottom: 1px solid var(--line);
  background: var(--white);
}

.portfolio-hero-layout {
  display: grid;
  grid-template-columns: minmax(0, 1fr) minmax(280px, 400px);
  gap: 54px;
  align-items: end;
}

.portfolio-hero h1 {
  max-width: 760px;
  margin-bottom: 16px;
  font-size: 66px;
}

.portfolio-hero-copy {
  max-width: 720px;
  margin: 0;
  color: var(--muted);
  font-size: 15px;
  line-height: 1.7;
}

.portfolio-status {
  align-items: flex-start;
  flex-direction: column;
  gap: 10px;
  padding: 16px;
  border: 1px solid var(--line);
  background: var(--soft);
}

.status-label,
.data-badge {
  display: inline-flex;
  align-items: center;
  gap: 6px;
  padding: 5px 7px;
  background: var(--gold-soft);
  color: #765c2c;
  font-size: 9px;
  font-weight: 900;
  letter-spacing: 0.1em;
  text-transform: uppercase;
}

.status-label::before {
  width: 6px;
  height: 6px;
  border-radius: 50%;
  background: var(--gold);
  content: "";
}

.portfolio-status p {
  margin: 0;
  color: var(--muted);
  font-size: 11px;
  line-height: 1.6;
}

.portfolio-shell {
  padding-top: 28px;
}

.integration-panel {
  margin-top: 20px;
}

.integration-copy {
  margin: 0;
  padding: 14px 16px;
  color: var(--muted);
  font-size: 11px;
  line-height: 1.55;
}

.data-freshness {
  justify-content: space-between;
  gap: 16px;
  padding-bottom: 15px;
  border-bottom: 1px solid var(--line);
}

.data-freshness p {
  margin: 0;
  color: var(--muted);
  font-family: var(--mono);
  font-size: 10px;
  text-transform: uppercase;
}

.metrics-grid {
  display: grid;
  grid-template-columns: repeat(5, 1fr);
  margin-top: 20px;
  border-top: 1px solid var(--line-strong);
  border-left: 1px solid var(--line-strong);
}

.metric {
  min-height: 126px;
  padding: 18px;
  border-right: 1px solid var(--line-strong);
  border-bottom: 1px solid var(--line-strong);
  background: var(--white);
}

.metric span,
.metric small {
  display: block;
}

.metric span {
  color: var(--soft-muted);
  font-size: 9px;
  font-weight: 900;
  letter-spacing: 0.11em;
  text-transform: uppercase;
}

.metric strong {
  display: block;
  margin-top: 18px;
  color: var(--green-950);
  font-family: var(--serif);
  font-size: 30px;
  font-weight: 400;
}

.metric small {
  margin-top: 4px;
  color: var(--muted);
  font-size: 10px;
}

.portfolio-grid {
  display: grid;
  grid-template-columns: 1fr;
  gap: 26px;
  margin-top: 28px;
}

.panel {
  border: 1px solid var(--line);
  background: var(--white);
}

.panel-header {
  display: flex;
  min-height: 58px;
  align-items: center;
  justify-content: space-between;
  gap: 16px;
  padding: 0 17px;
  border-bottom: 1px solid var(--line);
}

.panel-header h2 {
  font-family: var(--sans);
  font-size: 13px;
  font-weight: 900;
  letter-spacing: 0.08em;
  text-transform: uppercase;
}

.panel-header p {
  margin: 0;
  color: var(--soft-muted);
  font-family: var(--mono);
  font-size: 9px;
  text-transform: uppercase;
}

.portfolio-toolbar {
  justify-content: space-between;
  gap: 14px;
  padding: 13px 16px;
  border-bottom: 1px solid var(--line);
}

.portfolio-toolbar-group {
  gap: 8px;
}

.portfolio-toolbar label {
  color: var(--soft-muted);
  font-size: 9px;
  font-weight: 900;
  letter-spacing: 0.1em;
  text-transform: uppercase;
}

.portfolio-toolbar select {
  height: 34px;
  border: 1px solid var(--line);
  border-radius: 0;
  padding: 0 28px 0 9px;
  background: var(--white);
  color: var(--green-900);
  font-size: 11px;
  font-weight: 700;
}

.holdings-table,
.performance-table {
  width: 100%;
  border-collapse: collapse;
}

.holdings-table {
  min-width: 680px;
}

.holdings-table th,
.holdings-table td,
.performance-table th,
.performance-table td {
  padding: 14px 15px;
  border-bottom: 1px solid var(--line);
  text-align: left;
}

.holdings-table th,
.performance-table th {
  color: var(--soft-muted);
  font-size: 9px;
  font-weight: 900;
  letter-spacing: 0.1em;
  text-transform: uppercase;
}

.holdings-table td,
.performance-table td {
  color: var(--muted);
  font-family: var(--mono);
  font-size: 11px;
}

.holdings-table tbody tr:hover {
  background: #fafcfb;
}

.table-symbol {
  gap: 9px;
}

.symbol-mark {
  display: grid;
  width: 31px;
  height: 31px;
  flex-shrink: 0;
  place-items: center;
  background: var(--soft-green);
  color: var(--green-800);
  font-family: var(--sans);
  font-size: 9px;
  font-weight: 900;
}

.logo-mark {
  overflow: hidden;
  border: 1px solid var(--line);
  background: var(--white);
}

.logo-mark img {
  width: 100%;
  height: 100%;
  object-fit: contain;
}

.table-symbol strong,
.table-symbol small {
  display: block;
}

.table-symbol strong {
  color: var(--green-900);
  font-family: var(--mono);
  font-size: 11px;
}

.table-symbol small {
  margin-top: 3px;
  color: var(--muted);
  font-family: var(--sans);
  font-size: 10px;
}

.numeric {
  text-align: right !important;
}

.positive {
  color: var(--green-700) !important;
}

.negative {
  color: var(--red) !important;
}

.panel-empty,
.table-empty {
  color: var(--muted);
  font-family: var(--sans);
  font-size: 11px;
  line-height: 1.6;
}

.panel-empty {
  margin: 0;
  padding: 15px 0 4px;
}

.table-empty {
  padding: 17px !important;
  text-align: left !important;
}

.performance-panel {
  margin-top: 26px;
}

.performance-range-pill {
  display: inline-flex;
  align-items: center;
  gap: 10px;
  min-height: 42px;
  padding: 0 18px;
  border: 1px solid #b9c0d1;
  border-radius: 999px;
  color: #525b73;
  font-size: 15px;
  font-weight: 800;
}

.performance-range-pill svg {
  width: 17px;
  height: 17px;
  stroke-width: 2.2;
}

.performance-chart {
  padding: 8px 18px 16px;
}

.performance-plot {
  display: grid;
  grid-template-columns: minmax(0, 1fr) 54px;
  gap: 14px;
  min-height: 390px;
}

.performance-bars {
  display: grid;
  grid-column: 1;
  grid-row: 1;
  grid-auto-columns: minmax(38px, 1fr);
  grid-auto-flow: column;
  align-items: stretch;
  gap: 11px;
  min-height: 360px;
}

.performance-column {
  position: relative;
  display: grid;
  grid-template-rows: 1fr auto auto;
  gap: 8px;
  min-width: 38px;
  outline: none;
}

.performance-track {
  position: relative;
  display: grid;
  grid-template-rows: 1fr 1fr;
  min-height: 310px;
  background:
    linear-gradient(180deg, transparent calc(50% - 1px), var(--white) calc(50% - 1px), var(--white) calc(50% + 1px), transparent calc(50% + 1px)),
    var(--soft);
}

.performance-half {
  display: flex;
  justify-content: center;
  overflow: hidden;
}

.performance-half-positive {
  align-items: flex-end;
}

.performance-half-negative {
  align-items: flex-start;
}

.performance-fill {
  display: block;
  width: 100%;
  max-width: 56px;
}

.positive-fill {
  border-radius: 7px 7px 0 0;
  background: linear-gradient(180deg, #bfe5ae, var(--green-700));
}

.negative-fill {
  border-radius: 0 0 7px 7px;
  background: linear-gradient(180deg, #f4a0a1, #ee8284);
}

.performance-year {
  color: var(--green-900);
  font-family: var(--mono);
  font-size: 10px;
  font-weight: 900;
  text-align: center;
}

.performance-value {
  font-family: var(--mono);
  font-size: 10px;
  text-align: center;
}

.performance-scale {
  display: flex;
  flex-direction: column;
  justify-content: space-between;
  grid-column: 2;
  grid-row: 1;
  min-height: 310px;
  padding-top: 2px;
  color: var(--soft-muted);
  font-family: var(--mono);
  font-size: 10px;
  font-weight: 800;
}

.performance-tooltip {
  position: absolute;
  z-index: 4;
  bottom: calc(100% + 9px);
  left: 50%;
  min-width: 150px;
  padding: 10px 12px;
  border: 1px solid var(--line);
  background: var(--white);
  box-shadow: 0 18px 45px rgba(21, 33, 27, 0.12);
  color: var(--muted);
  font-family: var(--sans);
  font-size: 11px;
  line-height: 1.4;
  opacity: 0;
  pointer-events: none;
  transform: translate(-50%, 5px);
  transition: opacity 160ms ease, transform 160ms ease;
}

.performance-tooltip::after {
  position: absolute;
  top: 100%;
  left: 50%;
  width: 9px;
  height: 9px;
  border-right: 1px solid var(--line);
  border-bottom: 1px solid var(--line);
  background: var(--white);
  content: "";
  transform: translate(-50%, -5px) rotate(45deg);
}

.performance-tooltip strong,
.performance-tooltip span,
.performance-tooltip small {
  display: block;
}

.performance-tooltip strong {
  color: var(--green-900);
  font-family: var(--mono);
  font-size: 11px;
}

.performance-tooltip span {
  margin-top: 3px;
  color: var(--green-700);
  font-family: var(--mono);
  font-weight: 800;
}

.performance-tooltip small {
  margin-top: 2px;
  color: var(--soft-muted);
  font-size: 10px;
}

.performance-column:hover .performance-tooltip,
.performance-column:focus-within .performance-tooltip,
.performance-column:focus .performance-tooltip {
  opacity: 1;
  transform: translate(-50%, 0);
}

.performance-note,
.api-note {
  margin: 0;
  padding: 14px 16px;
  color: var(--muted);
  font-size: 11px;
  line-height: 1.65;
}

.api-note {
  border-top: 1px solid var(--line);
  background: var(--soft);
}

.api-note code {
  color: var(--green-800);
  font-family: var(--mono);
  font-size: 10px;
}

@media (max-width: 1020px) {
  :root {
    --shell: min(100% - 40px, 900px);
  }

  .site-header {
    height: 70px;
    padding: 0 20px;
  }

  .desktop-nav,
  .header-actions .button-outline {
    display: none;
  }

  .mobile-menu-button {
    display: grid;
  }

  .hero {
    min-height: 710px;
  }

  h1 {
    max-width: 670px;
    font-size: 70px;
  }

  .portfolio-preview {
    grid-template-columns: 1fr;
    gap: 42px;
  }

  .portfolio-grid {
    grid-template-columns: 1fr;
  }

  .metrics-grid {
    grid-template-columns: repeat(3, 1fr);
  }

  .strategy-intro {
    grid-template-columns: 1fr;
    gap: 30px;
  }

  .investment-focus-grid {
    grid-template-columns: repeat(2, 1fr);
  }

  .investment-focus-grid article:nth-child(odd) {
    border-left: 1px solid var(--line);
  }

  .investment-focus-grid article:nth-child(-n + 2) {
    border-bottom: 1px solid var(--line);
  }

  .research-reading-layout {
    grid-template-columns: 1fr;
  }

  .research-chapter-rail {
    display: none;
  }
}

@media (max-width: 760px) {
  :root {
    --shell: min(100% - 28px, 620px);
  }

  .header-actions .button-dark {
    display: none;
  }

  .hero {
    min-height: 760px;
    align-items: flex-start;
  }

  .hero-image {
    object-position: 62% center;
  }

  .hero-overlay {
    background:
      linear-gradient(90deg, rgba(247, 249, 248, 0.98) 0%, rgba(247, 249, 248, 0.8) 100%),
      linear-gradient(0deg, rgba(247, 249, 248, 0.98) 0%, rgba(247, 249, 248, 0.1) 44%);
  }

  .hero-content {
    padding-top: 139px;
    padding-bottom: 190px;
  }

  h1 {
    font-size: 54px;
  }

  h2 {
    font-size: 40px;
  }

  .hero-intro {
    font-size: 15px;
    line-height: 1.65;
  }

  .hero-actions {
    align-items: stretch;
    flex-direction: column;
  }

  .hero-actions .button {
    width: 100%;
  }

  .hero-credentials {
    grid-template-columns: repeat(2, 1fr);
  }

  .hero-credentials div {
    padding: 12px 11px 13px;
    border-top: 1px solid rgba(23, 63, 54, 0.14);
  }

  .hero-credentials strong {
    font-size: 19px;
  }

  .hero-credentials span {
    font-size: 8px;
  }

  .focus-strip-inner {
    align-items: flex-start;
    flex-direction: column;
    gap: 10px;
    padding: 15px 0;
  }

  .focus-strip-inner div {
    gap: 7px 14px;
  }

  .section {
    padding-top: 74px;
    padding-bottom: 74px;
  }

  .section-heading {
    grid-template-columns: 1fr;
    gap: 14px;
  }

  .research-toolbar {
    align-items: stretch;
    flex-direction: column;
  }

  .search-box {
    width: 100%;
  }

  .research-index-header {
    display: none;
  }

  .research-grid {
    border-top-color: var(--line);
  }

  .research-row {
    grid-template-columns: 48px 1fr;
    gap: 15px;
    padding: 18px 0 21px;
  }

  .report-type {
    margin-top: 19px;
    font-size: 8px;
  }

  .report-company-block {
    grid-column: 2;
  }

  .report-company-block small {
    margin-top: 8px;
  }

  .report-main {
    grid-column: 2;
  }

  .report-main h3 {
    font-size: 23px;
  }

  .report-meta {
    display: flex;
    grid-column: 2;
    flex-wrap: wrap;
    gap: 9px;
    text-align: left;
  }

  .report-meta span {
    margin-bottom: 0;
    font-size: 9px;
  }

  .portfolio-preview-data div {
    grid-template-columns: 1fr;
    gap: 7px;
  }

  .strategy-intro {
    padding: 30px 0;
  }

  .strategy-statement {
    font-size: 21px;
  }

  .strategy-facts div {
    grid-template-columns: 1fr;
    gap: 6px;
  }

  .principles-grid {
    grid-template-columns: 1fr;
  }

  .principles-grid article,
  .principles-grid article:first-child {
    min-height: auto;
    padding: 21px 0 23px;
    border-right: 0;
    border-left: 0;
    border-bottom: 1px solid var(--line);
  }

  .principles-grid h3 {
    margin-top: 18px;
  }

  .investment-focus {
    margin-top: 50px;
    padding-top: 34px;
  }

  .investment-focus-heading {
    grid-template-columns: 1fr;
    gap: 14px;
  }

  .investment-focus-heading h3 {
    font-size: 32px;
  }

  .investment-focus-grid {
    grid-template-columns: 1fr;
  }

  .investment-focus-grid article,
  .investment-focus-grid article:first-child,
  .investment-focus-grid article:nth-child(odd) {
    min-height: auto;
    padding: 21px 0 23px;
    border-right: 0;
    border-left: 0;
    border-bottom: 1px solid var(--line);
  }

  .investment-focus-grid h4 {
    margin-top: 17px;
  }

  .about-section {
    grid-template-columns: 1fr;
    gap: 22px;
  }

  .about-monogram {
    width: 88px;
    height: 88px;
    font-size: 27px;
  }

  .conversion-layout {
    align-items: stretch;
    flex-direction: column;
  }

  .conversion-layout h2 {
    font-size: 37px;
  }

  .footer-top,
  .footer-links,
  .footer-bottom {
    align-items: flex-start;
    flex-direction: column;
  }

  .footer-links {
    gap: 13px;
  }

  .disclaimer {
    grid-template-columns: 1fr;
    gap: 12px;
  }

  #article-body {
    padding: 49px 23px 32px;
  }

  #article-body h2 {
    font-size: 39px;
  }

  .dialog-summary {
    font-size: 18px;
  }

  .portfolio-hero {
    padding-top: 58px;
  }

  .portfolio-hero-layout {
    grid-template-columns: 1fr;
    gap: 23px;
  }

  .portfolio-hero h1 {
    font-size: 52px;
  }

  .data-freshness {
    align-items: flex-start;
    flex-direction: column;
  }

  .metrics-grid {
    grid-template-columns: repeat(2, 1fr);
  }

  .metric {
    min-height: 112px;
    padding: 14px;
  }

  .metric strong {
    margin-top: 14px;
    font-size: 26px;
  }

  .portfolio-toolbar {
    align-items: flex-start;
    flex-direction: column;
  }

  .performance-chart {
    overflow-x: auto;
    padding-right: 12px;
    padding-left: 12px;
  }

  .performance-plot {
    min-width: 720px;
  }

  .holdings-table {
    min-width: 690px;
  }

  .table-scroll {
    overflow-x: auto;
  }

  .published-markdown table {
    min-width: 720px;
  }

  .published-table-scroll {
    margin-right: calc((100vw - var(--shell)) / -2);
    padding-right: 14px;
    border-left: 0;
  }
}