@font-face{font-family:Newsreader;src:url('/raise/assets/newsreader.woff2') format('woff2');font-display:swap;font-style:normal;font-weight:200 800}@font-face{font-family:Libre;src:url('/raise/assets/libre-franklin.woff2') format('woff2');font-display:swap;font-style:normal;font-weight:100 900}
:root{--ink:#172033;--muted:#465066;--blue:#234f9d;--line:#d9dde5;--paper:#fcfcfa;--panel:#e1e8f6;color:var(--ink);background:var(--paper);font-family:Newsreader,Georgia,serif;font-size:19px;line-height:1.5}*{box-sizing:border-box}body{margin:0}a{color:inherit;text-underline-offset:4px}a:hover{color:var(--blue)}button,input,textarea,select{font:inherit}button,.button{display:inline-block;background:var(--blue);color:white;border:0;padding:.8rem 1.2rem;border-radius:3px;text-decoration:none;cursor:pointer}input,textarea,select{max-width:100%;border:1px solid #8993a5;border-radius:3px;padding:.65rem;background:white;color:var(--ink)}input:not([type=checkbox]),textarea{width:100%}label{display:block;margin:1rem 0 .4rem}p{margin:0 0 .85em}h1,h2,h3{font-weight:400;line-height:1.13}h1{font-size:clamp(2.5rem,6vw,4rem)}h2{font-size:clamp(2rem,4vw,3.4rem);max-width:22ch;margin:.8rem 0 2rem}h2 p{margin:0}h3{font-size:1.2rem}main{min-width:0}.skip{position:absolute;left:-9999px}.skip:focus{left:1rem;top:1rem;z-index:100;background:white;padding:1rem}:focus-visible{outline:3px solid #ad7025;outline-offset:4px}.eyebrow,.section-number,.footnote,.legend,summary,.stats article p:first-child,th,.notice,nav{font-family:Libre,Arial,sans-serif}.eyebrow{font-size:.65rem;letter-spacing:.16em;color:var(--blue);font-weight:600}.section-number{font-size:.6rem;letter-spacing:.12em;float:right;color:var(--muted)}.deck-section{border-bottom:1px solid var(--line);scroll-margin-top:5rem}.section-inner{max-width:1150px;margin:auto;padding:4rem 2rem}.copy{max-width:75ch;margin:1rem 0}.panel{background:var(--panel);padding:1.5rem}.footnote{font-size:.65rem;color:var(--muted);margin-top:1.3rem}.dark{background:#172033;color:#f2f4fa}.dark .section-inner{padding-top:6rem;padding-bottom:6rem}.dark h2{font-size:clamp(3rem,7vw,5rem)}.dark .eyebrow,.dark .section-number,.dark .footnote{color:#becbe1}.dark a:hover{color:#becbe1}.stats{display:grid;grid-template-columns:repeat(2,minmax(0,1fr));gap:1px;background:var(--line);border:1px solid var(--line);margin:1.8rem 0}.stats article{background:var(--paper);padding:1.3rem;min-width:0}.stats article p:first-child{font-size:.6rem;letter-spacing:.05em}.stats article p:nth-child(2){font-family:Libre,Arial,sans-serif;font-size:clamp(1.4rem,4vw,2.7rem);line-height:1.1}.stats article p:last-child{font-size:.75rem;color:var(--muted)}.row-cards article{border-top:1px solid var(--line);padding:1.2rem 0;display:grid;grid-template-columns:repeat(auto-fit,minmax(150px,1fr));gap:1.4rem}.row-cards h3{font:600 .58rem/1.4 Libre,Arial,sans-serif;letter-spacing:.06em;color:var(--muted)}.row-cards p{font-size:.85rem}.row-cards article div:has(h3):nth-child(3){background:#eef2fa;padding:.7rem}.years{display:grid;grid-template-columns:repeat(4,minmax(0,1fr));gap:1rem;margin:2rem 0}table{width:100%;border-collapse:collapse;font-size:.75rem;table-layout:fixed}td,th{border-bottom:1px solid var(--line);padding:.55rem .45rem;vertical-align:top;overflow-wrap:anywhere}th{text-align:left;font-size:.65rem}td p,th p{margin:0}.years td{text-align:right;font-family:Libre,Arial,sans-serif;font-variant-numeric:tabular-nums}.years caption{font-size:1.5rem;text-align:left;margin-bottom:.7rem}.table-wrap{margin:1.2rem 0}.questions{display:grid;grid-template-columns:1fr 1fr;gap:2rem}.questions article{border-top:1px solid var(--line)}.questions p{font-size:.9rem}.chart{margin:1.8rem 0;padding:1.2rem;border:1px solid var(--line);background:white;color:var(--ink)}.chart svg{width:100%;height:auto;display:block}.chart text{font:11px Libre,Arial,sans-serif;fill:var(--muted)}.grid{stroke:var(--line);stroke-width:1}.chart-hit:hover,.chart-hit:focus{stroke:#17203344;outline:none}.legend{font-size:.65rem;display:flex;gap:1rem;flex-wrap:wrap}.legend i{display:inline-block;width:12px;height:3px;margin-right:8px;vertical-align:middle}.chart-tip{display:block;font: .65rem Libre,Arial,sans-serif;min-height:2.5em}.chart-data summary{font-size:.7rem;cursor:pointer}.chart-data[open]{margin-top:1rem}.chart-data table{table-layout:auto}.notice{font-size:.7rem;padding:.7rem 1rem;background:#e1e8f6}.topbar{position:sticky;top:0;background:var(--paper);border-bottom:1px solid var(--line);z-index:3;padding:.7rem 1rem;display:flex;gap:1rem;justify-content:space-between;align-items:center;font-size:.7rem}.topbar select{width:auto;max-width:50%;padding:.3rem}.shell{max-width:1150px;margin:auto;padding:2rem}.gate{max-width:620px;margin:3rem auto;padding:2rem}.brand{font-size:1.4rem}.gate .eyebrow{margin-top:3rem}.check{display:flex;gap:.7rem;align-items:flex-start;font-size:.8rem}.check input{margin-top:.4rem;flex:none}.error{border-left:3px solid #9c332b;padding:1rem;background:#fcf0ec}.actions{display:flex;gap:1rem;flex-wrap:wrap;margin:1rem 0}.small{font-size:.75rem;color:var(--muted)}.admin-grid{display:grid;grid-template-columns:1fr 1fr;gap:2rem}.admin-table{table-layout:auto}.admin-table td{font-family:Libre,Arial,sans-serif;font-size:.65rem}.admin-scroll{overflow:auto}.badge{padding:.15rem .4rem;border:1px solid var(--line);font-size:.65rem}progress{width:100%;height:3px;display:block;accent-color:var(--blue)}#disclosures .copy{max-width:none;font-size:.8rem}#cover .copy{font-size:1.5rem}#founder .table-wrap td:first-child:empty{width:1rem}
@media(max-width:700px){.section-inner{padding:2.6rem 1rem}.years{grid-template-columns:1fr 1fr}.row-cards article,.questions,.admin-grid{grid-template-columns:1fr}.row-cards article{gap:.3rem;background:#f3f5f9;padding:1rem;margin-bottom:1rem}.gate{padding:1.2rem;margin:1rem auto}.chart{padding:.6rem}.stats article{padding:1rem}.section-number{float:none;display:block;margin-bottom:1rem}.shell{padding:1rem}.topbar{flex-wrap:wrap}.dark .section-inner{padding-top:4rem;padding-bottom:4rem}}
@media(max-width:390px){.years{grid-template-columns:1fr}.stats article p:nth-child(2){font-size:1.4rem}}@media(prefers-reduced-motion:reduce){*{scroll-behavior:auto!important}}@media(forced-colors:active){.chart svg *{stroke:CanvasText}.chart text{fill:CanvasText}}

#cover h1{font-size:clamp(3rem,7vw,5rem);line-height:1.04;font-weight:400;margin:1rem 0 2rem}#cover h1 p{margin:0}#cover .copy:last-child{font:600 .7rem/1.5 Libre,Arial,sans-serif;letter-spacing:.14em;margin-top:2rem}.chart text{font-size:14px}#founder .table-wrap td:first-child{width:1.5rem}#founder .table-wrap table{table-layout:auto}

.credential{display:inline-block;width:calc(33.333% - .7rem);margin:.3rem .7rem 1rem 0;vertical-align:top;border:1px solid var(--line);padding:1rem;background:#f3f5f9}.credential h3{font:600 .65rem Libre,Arial,sans-serif;color:var(--blue)}.credential ul{padding-left:1rem;font-size:.8rem}.credential li::marker{content:'▸  ';color:var(--blue)}.credential li{margin-bottom:1rem}@media(max-width:700px){.credential{width:100%;margin-right:0}.chart text{font-size:20px}}

.large-text{font-size:38px}.large-text .stats,.large-text .years,.large-text .row-cards article,.large-text .questions{grid-template-columns:1fr}.large-text .credential{width:100%}.large-text p,.large-text h1,.large-text h2,.large-text h3{overflow-wrap:anywhere}.credential li::marker{content:''}.credential li::before{content:'';display:inline-block;width:0;height:0;border-top:4px solid transparent;border-bottom:4px solid transparent;border-left:7px solid var(--blue);margin-right:.5rem}

.admin-table{min-width:850px}.admin-table th{overflow-wrap:normal}.admin-table td{line-height:1.6}.admin-table td:first-child{min-width:200px}

@font-face{font-family:Newsreader;src:url('/raise/assets/newsreader-italic.woff2') format('woff2');font-style:italic;font-weight:200 800;font-display:swap}
@font-face{font-family:Libre;src:url('/raise/assets/libre-franklin-italic.woff2') format('woff2');font-style:italic;font-weight:100 900;font-display:swap}
.deck-serif{font-family:Newsreader,Georgia,serif;font-weight:400;font-style:normal}.deck-sans{font-family:Libre,Arial,sans-serif;font-weight:400;font-style:normal}
.chart{position:relative}.chart figcaption{font:600 .8rem/1.4 Libre,Arial,sans-serif;margin-bottom:.8rem}.chart-tip{position:absolute;top:3rem;right:1rem;max-width:85%;padding:.6rem .8rem;background:#172033;color:white;border-radius:3px;box-shadow:0 2px 8px #17203333;pointer-events:none;z-index:2;font:.7rem/1.5 Libre,Arial,sans-serif}.chart-tip[hidden]{display:none}.chart-crosshair{opacity:0;pointer-events:none}.chart-crosshair line{stroke:#465066;stroke-width:1}.chart-crosshair circle{stroke:white;stroke-width:2}.is-active .chart-crosshair{opacity:1}.chart rect.is-active{outline:2px solid #172033}.chart-data{overflow-x:auto}.chart-data caption{text-align:left;margin:.6rem 0}.chart-data table{min-width:18rem}.chart-illustration svg{max-height:180px}
.chart-point rect:focus{outline:none}.chart-point:focus-within .chart-crosshair{opacity:1}
/* Investor website: chapter navigation, comparison-first performance, progressive detail. */
.reader-layout{display:grid;grid-template-columns:190px minmax(0,1fr);max-width:1520px;margin:auto}.reader-sidebar{position:sticky;top:5rem;align-self:start;padding:2rem 1.2rem}.reader-sidebar>p{font:600 .55rem Libre,Arial,sans-serif;letter-spacing:.12em;color:var(--muted)}.reader-sidebar nav{display:flex;flex-direction:column;gap:.25rem}.reader-sidebar a{font-size:.67rem;text-decoration:none;padding:.4rem .5rem;border-left:2px solid transparent}.reader-sidebar a:hover,.reader-sidebar a[aria-current]{border-left-color:var(--blue);background:var(--panel)}.reader-layout .section-inner{padding:3.5rem clamp(1.2rem,4vw,3.5rem);max-width:1100px}.chapter-heading{margin-bottom:1.5rem}.chapter-heading h2{font-size:clamp(1.8rem,3vw,2.6rem);max-width:28ch;margin:.5rem 0 1rem}.chapter-body>.copy{max-width:74ch}.chapter-body>.panel{background:transparent;padding:0}.reader-layout #cover .section-inner{padding-top:3.5rem;padding-bottom:2.5rem}.reader-layout #cover h1{font-size:clamp(2.8rem,5vw,4.5rem);margin:.6rem 0 1rem}.reader-layout #cover .copy{font-size:1.1rem;max-width:38ch}.hero-actions{display:flex;gap:1.5rem;align-items:center;flex-wrap:wrap;margin:1.8rem 0 2.5rem;font: .75rem Libre,Arial,sans-serif}.hero-actions .button{background:#e1e8f6;color:var(--ink)}#cover .stats{grid-template-columns:repeat(4,minmax(0,1fr));border:0;gap:1rem;background:transparent}#cover .stats article{background:transparent;color:inherit;padding:1rem 0;border-top:1px solid #667184}#cover .stats article p:nth-child(2){font-size:clamp(1.25rem,2.5vw,2rem)}#cover .stats article p:last-child{color:#becbe1}#cover .stats article p:first-child{min-height:3em}#cover .chapter-body>.copy:last-of-type{font:600 .65rem Libre,Arial,sans-serif;letter-spacing:.1em;color:#becbe1}.performance-overview{margin:1.5rem 0}.annual-returns{font-family:Libre,Arial,sans-serif;table-layout:fixed;font-size:1rem}.annual-returns caption{text-align:left;font:600 .8rem Libre,Arial,sans-serif;margin-bottom:1rem}.annual-returns th,.annual-returns td{padding:.8rem 1rem}.annual-returns td{text-align:right;font-size:1.1rem}.annual-returns thead th:not(:first-child){text-align:right}.annual-returns tbody th{font-size:.85rem}.annual-returns tbody td:nth-child(2){background:#e1e8f6}.performance-overview>.small{margin-top:.8rem}.monthly-detail{margin-bottom:1.8rem}.monthly-detail>summary,.questions summary,.opportunity-reasons summary{cursor:pointer;padding:1rem 0;font:600 .8rem/1.4 Libre,Arial,sans-serif}.monthly-scroll{overflow-x:auto;max-width:100%;padding-bottom:.5rem}.monthly-returns{min-width:780px;font-family:Libre,Arial,sans-serif;table-layout:fixed}.monthly-returns caption{text-align:left;margin:1rem 0}.monthly-returns td,.monthly-returns th{text-align:right;padding:.55rem .35rem;font-size:.62rem;white-space:nowrap}.monthly-returns th:first-child{position:sticky;left:0;background:var(--paper);text-align:left;z-index:1}.performance-chart{margin-top:2rem}#track-record .stats{grid-template-columns:repeat(4,minmax(0,1fr))}#track-record .stats article{padding:.8rem}#track-record .stats article p:nth-child(2){font-size:1.45rem}#positioning .table-wrap{overflow-x:auto}#positioning .table-wrap table{min-width:600px;table-layout:fixed}#positioning .table-wrap td{font-size:.8rem}.questions{display:block}.questions details,.opportunity-reasons details{border-bottom:1px solid var(--line)}.questions details>p,.opportunity-reasons details>p{max-width:70ch;padding:0 0 1rem;font-size:.9rem}.opportunity-reasons summary p{display:inline}.reason-number{display:none}.reader-footer{padding:2rem;font:.6rem/1.5 Libre,Arial,sans-serif;color:var(--muted);border-top:1px solid var(--line)}.reader-layout #next-steps .section-inner{padding-top:3rem;padding-bottom:3rem}.reader-layout #next-steps h2{font-size:2.5rem}.reader-layout .dark .small{color:#becbe1}
@media(max-width:1000px){.reader-layout{display:block}.reader-sidebar{display:none}.reader-layout .section-inner{padding:2.5rem 1.5rem}.reader-layout #cover .stats{grid-template-columns:repeat(2,minmax(0,1fr))}#track-record .stats{grid-template-columns:repeat(2,minmax(0,1fr))}}
@media(max-width:500px){.reader-layout .section-inner{padding:2rem 1rem}.annual-returns th,.annual-returns td{padding:.7rem .4rem}.annual-returns td{font-size:.9rem}.annual-returns thead th{font-size:.6rem}.annual-returns tbody th{font-size:.75rem}.hero-actions{gap:1rem}.reader-layout #cover .stats article p:nth-child(2){font-size:1.4rem}.reader-layout #cover .section-inner{padding-top:2rem}.monthly-scroll{border-right:1px solid var(--line)}}
.large-text .reader-layout{display:block}.large-text .reader-sidebar{display:none}.large-text #cover .stats,.large-text #track-record .stats{grid-template-columns:1fr}.large-text .annual-returns{font-size:1rem}.large-text .annual-returns td{font-size:.7rem}.large-text .annual-returns th{font-size:.6rem}
.annual-returns small{display:block;font-size:.55rem;letter-spacing:.08em;color:var(--muted);margin-top:.2rem}.distribution-comparison{display:grid;grid-template-columns:repeat(3,minmax(0,1fr));gap:.8rem}.distribution-comparison .chart{margin:.7rem 0;padding:.8rem}.distribution-comparison .small{font-size:.6rem}.distribution-comparison figcaption{font-size:.6rem}.distribution-comparison .chart svg{max-height:110px}@media(max-width:600px){.distribution-comparison{grid-template-columns:1fr}.distribution-comparison .chart{display:grid;grid-template-columns:1fr 1fr;align-items:center;gap:.5rem}.distribution-comparison .small{grid-column:1/-1}}
.performance-commentary{border-block:1px solid var(--line);margin:1.5rem 0}.performance-commentary summary{padding:1rem 0;cursor:pointer;font:600 .8rem Libre,Arial,sans-serif}.performance-commentary .copy{max-width:70ch}.reader-layout #cover .footnote{font-size:.6rem;max-width:90ch}.reader-layout #cover .footnote .deck-sans{color:#becbe1}
