:root{
  --oxblood:#7A2318;
  --oxblood-mid:#A04D30;
  --oxblood-soft:#C07C64;
  --ink:#2B1E1A;
  --body:#5C4239;
  --muted:#8A6A5C;
  --paper:#F7EFEA;
  --card:#FCF8F6;
  --rule:#E5D3CA;
  --tint:#F3E3DC;
  --up:#2F6B4F;
  --down:#9A3324;
  --wrap:1180px;
}
*{box-sizing:border-box}
html{scroll-behavior:smooth}
@media (prefers-reduced-motion:reduce){html{scroll-behavior:auto}*{animation:none!important;transition:none!important}}
body{margin:0;background:var(--paper);color:var(--ink);
 font-family:'Archivo',system-ui,sans-serif;font-size:16.5px;line-height:1.65;-webkit-font-smoothing:antialiased}
h1,h2,h3{font-family:'Newsreader',Georgia,serif;font-weight:400;letter-spacing:-.012em;margin:0}
a{color:inherit}
img{max-width:100%}
.wrap{max-width:var(--wrap);margin:0 auto;padding:0 32px}
@media(max-width:640px){.wrap{padding:0 20px}}
:focus-visible{outline:2px solid var(--oxblood);outline-offset:3px}
.skip{position:absolute;left:-9999px}
.skip:focus{left:16px;top:12px;z-index:99;background:var(--card);padding:8px 14px;border:1px solid var(--oxblood)}

/* header */
.top{position:sticky;top:0;z-index:50;background:rgba(247,239,234,.94);backdrop-filter:blur(10px);border-bottom:1px solid var(--rule)}
.top-in{display:flex;align-items:center;justify-content:space-between;gap:24px;min-height:70px;flex-wrap:wrap;padding:10px 0}
.brand{display:flex;align-items:center;gap:11px;text-decoration:none}
.brand svg{width:19px;height:auto;display:block;flex:none}
.brand-name{display:block;font-family:'Newsreader',serif;font-size:20px;color:var(--oxblood);letter-spacing:.03em;line-height:1.1}
.brand-sub{display:block;font-size:9.5px;letter-spacing:.24em;color:var(--muted);text-transform:uppercase}
nav{display:flex;gap:26px;font-size:13.5px;flex-wrap:wrap}
nav a{text-decoration:none;color:var(--muted);padding:3px 0;border-bottom:1px solid transparent;transition:color .18s,border-color .18s}
nav a:hover,nav a[aria-current]{color:var(--oxblood);border-color:var(--oxblood)}

/* hero */
.hero{padding:84px 0 50px}
.eyebrow{font-family:'IBM Plex Mono',monospace;font-size:11.5px;letter-spacing:.18em;text-transform:uppercase;color:var(--oxblood-mid);margin:0 0 26px}
.hero h1{font-size:clamp(38px,6.2vw,74px);line-height:1.04;max-width:16ch}
.hero h1 em{font-style:italic;color:var(--oxblood)}
.hero-lede{margin-top:28px;max-width:56ch;font-size:18px;color:var(--body)}
.hero-grid{display:grid;grid-template-columns:1fr auto;gap:48px;align-items:end}
.hero-mark{width:110px;opacity:.92}
@media(max-width:860px){.hero-grid{grid-template-columns:1fr}.hero-mark{display:none}}

/* ticker */
.tape{border-top:1px solid var(--rule);border-bottom:1px solid var(--rule);background:var(--card);overflow:hidden;padding:13px 0;position:relative}
.tape::before,.tape::after{content:"";position:absolute;top:0;bottom:0;width:80px;z-index:2;pointer-events:none}
.tape::before{left:0;background:linear-gradient(90deg,#FCF8F6,rgba(252,248,246,0))}
.tape::after{right:0;background:linear-gradient(270deg,#FCF8F6,rgba(252,248,246,0))}
.tape-track{display:flex;width:max-content;animation:roll 96s linear infinite}
.tape:hover .tape-track{animation-play-state:paused}
@keyframes roll{from{transform:translateX(0)}to{transform:translateX(-50%)}}
@media (prefers-reduced-motion:reduce){.tape-track{animation:none}.tape{overflow-x:auto}}
.tape-item{display:flex;align-items:baseline;gap:8px;padding:0 21px;white-space:nowrap;font-family:'IBM Plex Mono',monospace;font-size:12.5px}
.tape-item b{font-weight:500;color:var(--oxblood);letter-spacing:.04em}
.tape-item .co{color:var(--muted);font-size:11.5px}

/* live prices */
.px{display:inline-flex;align-items:baseline;gap:7px;font-family:'IBM Plex Mono',monospace;white-space:nowrap}
.px-val{font-variant-numeric:tabular-nums}
.px-chg{font-size:.86em;font-variant-numeric:tabular-nums;color:var(--muted)}
.px-chg.up{color:var(--up)}
.px-chg.down{color:var(--down)}
.px-wait .px-val{color:var(--oxblood-soft)}
.px-none .px-val{color:var(--muted)}
.tape-item .px-none{display:none}
.px-note{display:block;margin-top:10px;font-size:12px;color:var(--muted)}
.px-stampline{margin:14px 0 0;font-family:'IBM Plex Mono',monospace;font-size:11px;letter-spacing:.08em;text-transform:uppercase;color:var(--muted)}

/* stats */
.stats{display:grid;grid-template-columns:repeat(4,1fr);border-bottom:1px solid var(--rule)}
.stat{padding:26px 0 28px;border-right:1px solid var(--rule)}
.stat:last-child{border-right:0}
.stat b{display:block;font-family:'Newsreader',serif;font-size:34px;font-weight:400;color:var(--oxblood);line-height:1}
.stat span{display:block;margin-top:7px;font-size:12px;letter-spacing:.09em;text-transform:uppercase;color:var(--muted)}
@media(max-width:700px){.stats{grid-template-columns:1fr 1fr}.stat:nth-child(2){border-right:0}.stat:nth-child(1),.stat:nth-child(2){border-bottom:1px solid var(--rule)}}

/* sections */
section{padding:74px 0}
.sec-head{display:flex;align-items:baseline;gap:14px;margin-bottom:14px}
.dot{width:9px;height:9px;border-radius:50%;background:var(--oxblood);flex:none;transform:translateY(-4px)}
.sec-head h2{font-size:clamp(27px,3.5vw,38px);line-height:1.12}
.sec-lede{max-width:62ch;color:var(--body);margin:0 0 42px 23px}

.thesis{display:grid;grid-template-columns:repeat(3,1fr);gap:1px;background:var(--rule);border:1px solid var(--rule)}
.thesis div{background:var(--paper);padding:30px 26px}
.thesis h3{font-size:20px;margin-bottom:9px;color:var(--oxblood)}
.thesis p{margin:0;font-size:14.8px;color:var(--body)}
@media(max-width:820px){.thesis{grid-template-columns:1fr}}

/* group index */
.glist{display:grid;grid-template-columns:repeat(auto-fill,minmax(300px,1fr));gap:14px}
.gcard{display:block;text-decoration:none;background:var(--card);border:1px solid var(--rule);padding:22px 22px 20px;transition:border-color .18s,transform .18s}
.gcard:hover{border-color:var(--oxblood-soft);transform:translateY(-2px)}
.gcard-kind{font-family:'IBM Plex Mono',monospace;font-size:10.5px;letter-spacing:.14em;text-transform:uppercase;color:var(--muted)}
.gcard h3{font-size:22px;margin:7px 0 8px;color:var(--oxblood)}
.gcard p{margin:0;font-size:14.3px;color:var(--body)}
.gcard-foot{display:flex;align-items:center;justify-content:space-between;gap:12px;margin-top:16px;padding-top:13px;border-top:1px solid var(--rule);font-family:'IBM Plex Mono',monospace;font-size:11px;letter-spacing:.08em;text-transform:uppercase;color:var(--muted)}
.gcard-foot .go{color:var(--oxblood)}

/* holdings */
.holdings{display:grid;grid-template-columns:repeat(auto-fill,minmax(292px,1fr));gap:14px}
.card{background:var(--card);border:1px solid var(--rule);padding:19px 20px 17px;transition:border-color .18s,transform .18s}
.card:hover{border-color:var(--oxblood-soft);transform:translateY(-2px)}
.card-top{display:flex;align-items:flex-start;gap:13px;margin-bottom:11px}
.logo{position:relative;width:40px;height:40px;flex:none;border:1px solid var(--rule);background:#fff;display:grid;place-items:center;overflow:hidden}
.logo .mono{font-family:'Newsreader',serif;font-size:17px;color:var(--oxblood);letter-spacing:.01em}
.logo img{position:absolute;inset:0;width:100%;height:100%;object-fit:contain;padding:6px;background:#fff}
.card-id{min-width:0;flex:1}
.card h3{margin:0;font-family:'Newsreader',serif;font-size:19px;font-weight:400;line-height:1.2}
.tick{display:inline-block;margin-top:5px;font-family:'IBM Plex Mono',monospace;font-size:11px;font-weight:500;color:var(--oxblood);background:var(--tint);padding:2px 7px}
.card p{margin:0;font-size:14px;color:#6A4E44;line-height:1.55}
.venue{display:block;margin-top:11px;font-family:'IBM Plex Mono',monospace;font-size:10.5px;letter-spacing:.08em;text-transform:uppercase;color:var(--muted)}

/* group page */
.gpage-head{padding:64px 0 34px;border-bottom:1px solid var(--rule)}
.crumb{font-family:'IBM Plex Mono',monospace;font-size:11px;letter-spacing:.14em;text-transform:uppercase;color:var(--muted);margin:0 0 20px}
.crumb a{color:var(--oxblood);text-decoration:none;border-bottom:1px solid var(--rule)}
.gpage-head h1{font-size:clamp(32px,5vw,58px);line-height:1.06;max-width:18ch}
.gpage-head .lede{max-width:60ch;color:var(--body);font-size:17.5px;margin:22px 0 0}
.gmeta{display:flex;gap:28px;flex-wrap:wrap;margin-top:28px;font-family:'IBM Plex Mono',monospace;font-size:11px;letter-spacing:.12em;text-transform:uppercase;color:var(--muted)}
.gmeta b{color:var(--oxblood);font-weight:500}

/* direct answer block */
.answer{margin:44px 0 0;padding:26px 30px;background:var(--card);border:1px solid var(--rule);max-width:80ch}
.answer h2{font-family:'IBM Plex Mono',monospace;font-size:10.5px;letter-spacing:.16em;text-transform:uppercase;color:var(--muted);font-weight:500;margin:0 0 10px}
.answer p{margin:0;font-size:17px;color:var(--ink);line-height:1.6}

.note{margin:40px 0 0;padding:24px 26px;background:var(--card);border-left:3px solid var(--oxblood);max-width:78ch}
.note p{margin:0;color:var(--body);font-size:15px}
.note h2{display:block;font-family:'IBM Plex Mono',monospace;font-size:10.5px;letter-spacing:.14em;text-transform:uppercase;color:var(--muted);font-weight:500;margin:0 0 8px}
.empty{border:1px dashed var(--rule);background:var(--card);padding:38px 30px;text-align:center;color:var(--body)}
.empty p{margin:0 auto;max-width:62ch}

/* holdings data table */
.tablewrap{overflow-x:auto;margin-top:44px;border:1px solid var(--rule);background:var(--card)}
table.data{width:100%;border-collapse:collapse;font-size:14px;min-width:560px}
table.data caption{text-align:left;padding:18px 20px 0;font-family:'IBM Plex Mono',monospace;font-size:10.5px;letter-spacing:.14em;text-transform:uppercase;color:var(--muted)}
table.data th,table.data td{text-align:left;padding:12px 20px;border-bottom:1px solid var(--rule);vertical-align:baseline}
table.data thead th{font-family:'IBM Plex Mono',monospace;font-size:10.5px;font-weight:500;letter-spacing:.12em;text-transform:uppercase;color:var(--muted);border-bottom:1px solid var(--oxblood-soft)}
table.data tbody tr:last-child th,table.data tbody tr:last-child td{border-bottom:0}
table.data tbody th{font-weight:400;font-family:'Newsreader',serif;font-size:16px}
table.data .c-tick{font-family:'IBM Plex Mono',monospace;font-size:12px;color:var(--oxblood)}
table.data .c-venue{color:var(--muted);font-size:13px}
table.data .c-px{text-align:right;white-space:nowrap}
table.data tbody tr:hover{background:var(--tint)}

/* frequently asked */
.faq{margin-top:52px;max-width:82ch}
.faq h2{font-size:clamp(24px,3vw,32px);margin-bottom:6px}
.faq .faq-sub{color:var(--muted);font-size:14px;margin:0 0 22px}
.qa{border-top:1px solid var(--rule);padding:22px 0}
.qa:last-child{border-bottom:1px solid var(--rule)}
.qa h3{font-size:19px;color:var(--oxblood);margin-bottom:8px}
.qa p{margin:0;color:var(--body);font-size:15.5px;max-width:74ch}

/* prev / next */
.pager{display:flex;justify-content:space-between;gap:20px;flex-wrap:wrap;margin-top:56px;padding-top:24px;border-top:1px solid var(--rule)}
.pager a{text-decoration:none;max-width:46%}
.pager span{display:block;font-family:'IBM Plex Mono',monospace;font-size:10.5px;letter-spacing:.14em;text-transform:uppercase;color:var(--muted);margin-bottom:5px}
.pager b{font-family:'Newsreader',serif;font-size:19px;font-weight:400;color:var(--oxblood)}
.pager .next{text-align:right;margin-left:auto}

/* group strip */
.strip{border-top:1px solid var(--rule);padding:44px 0 66px}
.strip h2{font-size:20px;margin-bottom:18px}
.strip ul{list-style:none;margin:0;padding:0;display:flex;flex-wrap:wrap;gap:8px}
.strip a{display:block;text-decoration:none;font-size:13.5px;padding:6px 14px;border:1px solid var(--rule);color:var(--body);background:var(--card);transition:border-color .18s,color .18s}
.strip a:hover{border-color:var(--oxblood-soft);color:var(--oxblood)}
.strip a[aria-current]{background:var(--oxblood);border-color:var(--oxblood);color:#FCF8F6}

/* approach */
.rules{border-top:1px solid var(--rule)}
.rule-row{display:grid;grid-template-columns:230px 1fr;gap:40px;padding:26px 0;border-bottom:1px solid var(--rule)}
.rule-row h2,.rule-row h3{font-size:21px;color:var(--oxblood);font-family:'Newsreader',Georgia,serif;font-weight:400}
.rule-row div p{margin:0 0 14px}
.rule-row div p:last-child{margin:0}
.rule-row p{margin:0;color:var(--body);max-width:64ch}
@media(max-width:760px){.rule-row{grid-template-columns:1fr;gap:8px}}

/* footer */
footer{border-top:1px solid var(--rule);padding:52px 0 60px;font-size:13.5px;color:var(--muted)}
.foot-top{display:flex;justify-content:space-between;gap:40px;flex-wrap:wrap;margin-bottom:34px}
.foot-mark{display:flex;align-items:center;gap:11px}
.foot-mark svg{width:17px}
.foot-mark span{font-family:'Newsreader',serif;font-size:18px;color:var(--oxblood);letter-spacing:.03em}
.foot-top a{color:var(--oxblood);text-decoration:none;border-bottom:1px solid var(--rule)}
.disclaimer{max-width:88ch;font-size:12.5px;line-height:1.62;padding-top:22px;border-top:1px solid var(--rule)}
.disclaimer p{margin:0 0 10px}
.disclaimer p:last-child{margin:0}

/* --- historical extremes columns ---------------------------------------- */
table.data.has-hilo{min-width:880px}
table.data .c-hl{text-align:right;white-space:nowrap;font-variant-numeric:tabular-nums}
table.data .hl-val{display:block;font-size:13.5px}
table.data .hl-date{display:block;font-family:'IBM Plex Mono',monospace;font-size:10px;letter-spacing:.08em;color:var(--muted);margin-top:3px}
table.data .hl-wait .hl-val{color:var(--oxblood-soft)}
table.data thead th:nth-last-child(-n+2){color:var(--muted)}