/* Lake Fund: local assets, system fonts, no framework. */
:root{--ink:#102a3b;--muted:#53636b;--paper:#f8f7f3;--white:#fff;--line:#d8dedf;--accent:#b7562c;--navy:#102a3b;--serif:Georgia,'Times New Roman',serif;--sans:Arial,Helvetica,sans-serif}
*{box-sizing:border-box}html{scroll-behavior:smooth;scroll-padding-top:2rem}body{margin:0;background:var(--paper);color:var(--ink);font-family:var(--sans);font-size:16px;line-height:1.7;-webkit-font-smoothing:antialiased}img{display:block;max-width:100%;height:auto}a{color:inherit;text-underline-offset:.25em}button{font:inherit}a,button{-webkit-tap-highlight-color:transparent}a:focus-visible,button:focus-visible,summary:focus-visible{outline:3px solid var(--accent);outline-offset:6px}h1,h2,h3,p{margin-top:0}h1,h2,h3{font-weight:400}h1,h2{font-family:var(--serif);letter-spacing:-.045em;line-height:1.1}h2{font-size:clamp(2.2rem,4vw,3.75rem);margin-bottom:1.5rem}h3{font-size:1.4rem;line-height:1.3}p{margin-bottom:1.25rem}em{font-weight:400}address{font-style:normal}.container{width:min(1280px,calc(100% - 112px));margin-inline:auto}.section{padding-block:100px}.eyebrow{text-transform:uppercase;letter-spacing:.15em;font-size:.67rem;font-weight:600;line-height:1.8;margin-bottom:1.6rem}.accent-line{display:inline-block;width:28px;height:1px;background:var(--accent);vertical-align:middle;margin-right:12px}.text-link{text-decoration:none;font-size:.84rem;font-weight:600;border-bottom:1px solid var(--accent);padding-bottom:9px;display:inline-flex;align-items:center;gap:28px}.text-link span{font-size:1.3rem;font-weight:400}.text-link:hover{color:var(--accent)}.button{display:inline-flex;align-items:center;justify-content:space-between;gap:38px;padding:17px 23px;background:var(--ink);color:#fff;text-decoration:none;font-size:.8rem;font-weight:600;min-height:54px;transition:background .2s}.button:hover{background:#27506a}.button>span{font-size:1.3rem;font-weight:400}.button-light{color:var(--ink);background:var(--paper)}.button-light:hover{background:#e8e3d8}.skip-link{position:absolute;top:-100px;left:20px;background:white;padding:12px 20px;z-index:10}.skip-link:focus{top:12px}.site-header{border-bottom:1px solid var(--line);background:var(--paper)}.header-inner{display:flex;align-items:center;gap:36px;min-height:104px}.brand{display:inline-flex;align-items:center;gap:12px;text-decoration:none;flex-shrink:0}.brand img{width:42px;height:42px;object-fit:contain}.brand>span{font-size:1.23rem;letter-spacing:.09em;font-weight:600;line-height:1.3}.brand small{display:block;font-size:.55rem;letter-spacing:.24em;font-weight:400;margin-top:3px}.header-inner nav{display:flex;gap:30px;margin-left:auto}.header-inner nav>a{font-size:.75rem;text-decoration:none;position:relative;padding-block:12px;white-space:nowrap}.header-inner nav>a:hover,.header-inner nav>a[aria-current]{color:var(--accent)}.header-inner nav>a[aria-current]:after{content:'';position:absolute;bottom:4px;left:0;width:20px;height:1px;background:var(--accent)}.header-contact{font-size:.75rem;text-decoration:none;border-left:1px solid var(--line);padding-left:30px;white-space:nowrap}.header-contact>span{margin-left:15px}.menu-toggle{display:none}
.hero{padding:48px 0 0}.hero-grid{display:grid;grid-template-columns:1fr 1.05fr;gap:42px;align-items:stretch}.hero-copy{padding:44px 0 28px;display:flex;flex-direction:column;align-items:flex-start;justify-content:center}.hero-copy .eyebrow{font-size:.6rem;letter-spacing:.12em}.hero h1{font-size:clamp(3.8rem,6.3vw,6.4rem);margin:12px 0 29px;line-height:1.03;letter-spacing:-.055em}.hero h1 em{color:var(--accent)}.hero-lead{max-width:355px;color:var(--muted);font-size:.94rem;line-height:1.85;margin-bottom:32px}.hero-footnote{display:flex;gap:32px;font-size:.54rem;letter-spacing:.12em;border-top:1px solid var(--line);padding-top:24px;margin-top:58px;align-self:stretch}.hero-visual{position:relative;min-height:600px;overflow:hidden;background:#d5dce0}.hero-photo{height:100%;width:100%;object-fit:cover;object-position:52% center;position:absolute;inset:0}.hero-visual:after{content:'';position:absolute;inset:45% 0 0;background:linear-gradient(transparent,rgba(8,26,39,.68));pointer-events:none}.image-caption{position:absolute;left:32px;bottom:30px;z-index:1;color:#fff;display:flex;flex-direction:column;font-size:.75rem;line-height:1.7}.image-index{position:absolute;right:28px;top:24px;color:white;font-size:.6rem;letter-spacing:.2em;text-shadow:0 1px 5px #18344a}.intro{padding-top:110px}.intro-grid{display:grid;grid-template-columns:1fr 3fr;gap:60px}.intro-grid>.eyebrow{padding-top:12px;color:var(--accent)}.intro h2{font-size:clamp(2rem,3.5vw,3.3rem)}.intro h2 em{color:var(--muted)}.intro-bottom{display:grid;grid-template-columns:1.6fr 1fr;gap:48px;align-items:end;margin-top:34px}.intro-bottom p{font-size:.86rem;max-width:510px;color:var(--muted);margin:0}.intro-bottom a{justify-self:end;white-space:nowrap}.portfolio{background:#eeefeb}.section-heading{margin-bottom:42px}.section-heading .eyebrow{color:var(--accent);margin-bottom:15px}.section-heading h2{margin-bottom:0}.horizontal{display:flex;justify-content:space-between;align-items:end;gap:30px}.sector-grid{display:grid;grid-template-columns:repeat(3,1fr);gap:48px 28px}.sector-card{text-decoration:none;min-width:0}.sector-image{overflow:hidden;aspect-ratio:1.42;background:#d7dfe1}.sector-image img{height:100%;width:100%;object-fit:cover;transition:transform .5s}.sector-card:hover .sector-image img{transform:scale(1.035)}.sector-text{padding:22px 0 0}.sector-text .eyebrow{font-size:.56rem;color:var(--muted);margin-bottom:12px}.sector-text h3{display:flex;justify-content:space-between;gap:15px;font-family:var(--serif);font-size:1.65rem;letter-spacing:-.025em;margin-bottom:10px}.sector-text h3>span{font-size:1.2rem;color:var(--accent)}.sector-text p{font-size:.8rem;color:var(--muted);line-height:1.8;margin:0;max-width:320px}.principles{background:var(--navy);color:var(--paper)}.principles .section-heading{display:grid;grid-template-columns:1fr 3fr;gap:60px}.principles .eyebrow{color:#e3a47e;padding-top:12px}.principle-grid{display:grid;grid-template-columns:repeat(3,1fr);gap:55px;margin-top:58px}.principle-grid article{border-top:1px solid #53636b;padding-top:26px}.number{display:block;color:#e3a47e;font-size:.64rem;letter-spacing:.1em;margin-bottom:26px}.principle-grid h3{font-family:var(--serif);font-size:1.8rem;letter-spacing:-.025em}.principle-grid p{font-size:.83rem;color:#c6cfd2;line-height:1.85;margin:0;max-width:330px}.investor-grid{display:grid;grid-template-columns:1fr 1fr;gap:85px;align-items:center}.investor-grid>div>p:not(.eyebrow){font-size:.9rem;color:var(--muted)}.investor-photo{height:520px;overflow:hidden}.investor-photo img{height:100%;width:100%;object-fit:cover}.resource-row{display:flex;justify-content:space-between;align-items:center;gap:22px;padding:20px 0;border-bottom:1px solid var(--line);font-size:.85rem;text-decoration:none}.resource-row>span{font-size:1.3rem;color:var(--accent)}.resource-row:hover{color:var(--accent)}.contact-band{background:#e9e5db;padding-block:66px}.contact-band .container{display:flex;align-items:center;justify-content:space-between;gap:30px}.contact-band .eyebrow{color:var(--accent);margin-bottom:17px}.contact-band h2{margin:0;font-size:clamp(2.7rem,4vw,4rem)}.site-footer{background:var(--navy);color:#e2e8e9;padding:70px 0 22px}.footer-grid{display:grid;grid-template-columns:1.5fr .8fr 1.2fr 1fr;gap:50px}.site-footer .brand>span{font-size:1.05rem}.site-footer .brand img{width:36px;height:36px}.site-footer p{font-size:.78rem;color:#bdc9ce;margin-top:22px}.site-footer h2{font:600 .62rem var(--sans);letter-spacing:.14em;text-transform:uppercase;color:#bdc9ce;margin:4px 0 23px}.footer-grid>div>a:not(.brand){display:block;font-size:.76rem;text-decoration:none;margin-bottom:9px}.footer-grid>div>small{font-size:.62rem;color:#bdc9ce;line-height:1.7;display:block;max-width:200px}.site-footer address{font-size:.76rem;line-height:1.9}.site-footer a:hover{color:#e3a47e}.footer-bottom{display:flex;justify-content:space-between;gap:24px;border-top:1px solid #3d5361;margin-top:65px;padding-top:21px;font-size:.63rem;color:#bdc9ce}.footer-bottom small{font-size:inherit}.footer-bottom>span{display:flex;gap:28px}.footer-bottom a{text-decoration:none}
.page-hero{padding:32px 0 68px;background:#eeefeb}.breadcrumbs{display:flex;flex-wrap:wrap;gap:14px;font-size:.66rem;color:var(--muted);margin-bottom:65px}.breadcrumbs a{text-decoration:none}.page-hero .eyebrow{color:var(--accent);margin-bottom:20px}.page-hero h1{font-size:clamp(3rem,6vw,5.7rem);margin-bottom:22px;max-width:1100px;overflow-wrap:break-word}.page-lead{font-size:1.05rem;line-height:1.8;max-width:620px;margin:0;color:var(--muted)}.section-nav{display:flex;flex-wrap:wrap;gap:6px 30px;border-bottom:1px solid var(--line);padding-block:20px}.section-nav a{font-size:.72rem;text-decoration:none;padding-block:6px;min-height:36px}.section-nav a[aria-current]{color:var(--accent);text-decoration:underline}.section-intro{max-width:610px;margin-bottom:44px;color:var(--muted)}.about-layout{display:grid;grid-template-columns:1fr 1fr;gap:80px;align-items:center}.about-layout>img{aspect-ratio:1;object-fit:cover;width:100%}.about-layout p:not(.eyebrow){font-size:.9rem;color:var(--muted)}.resource-links{max-width:850px}.article-layout{display:grid;grid-template-columns:1fr 3fr;gap:70px}.article-layout aside{font-size:.8rem;color:var(--muted)}.article-layout aside .eyebrow{color:var(--accent)}.article-layout aside .text-link{margin-top:25px}.prose{max-width:850px;overflow-wrap:anywhere}.prose p{line-height:1.9;margin-bottom:25px}.prose img{max-width:100%;height:auto;margin-block:28px}.prose img[width="188"]{max-width:188px}.prose h2{font-size:2rem;margin-top:40px}.prose h3{margin-top:30px}.prose ul,.prose ol{padding-left:23px}.prose a{color:#8d3b1e}.prose>p:first-child{margin-top:0}.contact-grid{display:grid;grid-template-columns:1.2fr 1fr;gap:100px}.contact-grid>div>p:not(.eyebrow){color:var(--muted);font-size:.9rem;max-width:430px}.contact-email{font-family:var(--serif);font-size:clamp(1.4rem,2.4vw,2.1rem);text-decoration:none;border-bottom:1px solid var(--accent);padding-bottom:8px;display:inline-block;margin-block:16px}.contact-grid .contact-note{font-size:.7rem!important;margin-top:12px}.phone-list{display:flex;flex-direction:column;align-items:flex-start;gap:7px;margin-top:32px}.phone-list a{text-decoration:none;font-size:1rem}.phone-list small{font-size:.68rem;color:var(--muted);margin-top:7px}.address-panel{background:#e9e5db;padding:42px;position:relative;overflow:hidden;min-height:440px}.address-panel h3{font-family:var(--serif);font-size:1.6rem}.address-panel address{font-size:.9rem;margin-bottom:24px}.address-art{display:flex;gap:10px;justify-content:space-between;align-items:center;border-top:1px solid #b8b9b1;margin-top:65px;padding-top:20px;font-size:.55rem;letter-spacing:.18em}.address-art i{display:block;width:10px;height:10px;border-radius:50%;background:var(--accent)}.reports{max-width:1000px}.report-year{display:grid;grid-template-columns:1fr 3fr;gap:40px;padding:35px 0;border-top:1px solid var(--line)}.report-year h2{font-size:2.4rem;margin:9px 0}.document-link{display:flex;justify-content:space-between;gap:20px;align-items:center;text-decoration:none;padding:15px 0;font-size:.9rem}.document-link:hover{color:var(--accent)}.document-link small{display:block;font-size:.65rem;color:var(--muted);margin-top:5px}.document-link>span:last-child{font-size:1.25rem;color:var(--accent)}.report-archive{border-top:1px solid var(--line);margin-top:20px;padding-top:25px}.report-archive summary{cursor:pointer;padding:12px 0;font-size:.9rem}.error-page{min-height:70vh}.error-page h1{font-size:clamp(4rem,8vw,7rem)}
@media(min-width:1500px){.hero-visual{min-height:660px}}
@media(max-width:1100px){.container{width:calc(100% - 64px)}.header-inner{gap:25px}.header-inner nav{gap:20px}.header-contact{display:none}.hero-grid{gap:28px}.hero-visual{min-height:560px}.hero-footnote{gap:15px;font-size:.48rem}.intro-grid,.principles .section-heading{grid-template-columns:1fr 3.4fr;gap:30px}.intro-bottom{grid-template-columns:1fr;gap:25px}.intro-bottom a{justify-self:start}.investor-grid{gap:45px}.footer-grid{gap:30px}.contact-grid{gap:55px}.article-layout{grid-template-columns:1fr 3fr;gap:35px}.about-layout{gap:45px}}
@media(max-width:760px){.container{width:calc(100% - 40px)}.section{padding-block:65px}.header-inner{min-height:82px;flex-wrap:wrap;justify-content:space-between;gap:0}.brand img{width:35px;height:35px}.brand>span{font-size:1.07rem}.header-inner nav{width:100%;margin:0;gap:0;display:flex;flex-wrap:wrap;padding-bottom:15px}.header-inner nav>a{flex-basis:50%;font-size:.8rem;padding:10px 0}.js .menu-toggle:not([hidden]){display:flex;gap:18px;align-items:center;border:0;background:none;padding:13px 0 13px 15px;font-size:.8rem;cursor:pointer}.header-inner nav[hidden]{display:none}.hero{padding-top:16px}.hero-grid{grid-template-columns:1fr;gap:18px}.hero-copy{padding:30px 0 0}.hero h1{font-size:clamp(3.9rem,12vw,5.6rem);margin-top:4px;margin-bottom:25px}.hero-copy .eyebrow{font-size:.55rem;margin-bottom:20px}.hero-lead{max-width:420px;font-size:.9rem}.hero-footnote{margin-top:34px;padding-top:18px;gap:28px;font-size:.48rem}.hero-visual{min-height:390px;max-height:440px;aspect-ratio:1.15}.image-caption{left:22px;bottom:23px}.intro-grid{grid-template-columns:1fr;gap:8px}.intro-grid>.eyebrow{padding:0;margin-bottom:18px}.intro h2{font-size:2.25rem}.intro-bottom{gap:22px;margin-top:22px}.horizontal{align-items:start;flex-direction:column;gap:25px}.sector-grid{grid-template-columns:repeat(2,1fr);gap:35px 20px}.sector-image{aspect-ratio:1.1}.sector-text h3{font-size:1.4rem}.sector-text .eyebrow{font-size:.5rem}.sector-text p{font-size:.75rem}.principles .section-heading{grid-template-columns:1fr;gap:0}.principles .eyebrow{padding:0}.principle-grid{grid-template-columns:1fr;gap:30px;margin-top:35px}.principle-grid article{display:grid;grid-template-columns:50px 1fr;gap:0 12px;padding-top:23px}.principle-grid .number{grid-row:span 2;margin-top:4px}.principle-grid h3{font-size:1.6rem;margin-bottom:12px}.principle-grid p{max-width:none}.investor-grid{grid-template-columns:1fr;gap:35px}.investor-photo{height:350px}.investor-grid>div>img{max-height:350px;object-fit:cover;width:100%}.investor-grid h2{font-size:2.6rem}.contact-band{padding-block:50px}.contact-band .container{align-items:flex-start;flex-direction:column;gap:32px}.footer-grid{grid-template-columns:1fr 1fr;gap:35px 25px}.footer-grid>div:first-child{grid-column:span 2}.site-footer{padding-top:48px}.footer-bottom{margin-top:40px;flex-direction:column;gap:12px}.footer-bottom>span{justify-content:space-between;gap:20px}.page-hero{padding:24px 0 45px}.breadcrumbs{margin-bottom:40px;font-size:.6rem;gap:9px}.page-hero h1{font-size:clamp(2.8rem,10vw,4.5rem)}.page-lead{font-size:.93rem}.page-hero .eyebrow{font-size:.6rem}.section-nav{gap:3px 22px;padding-block:14px}.section-nav a{font-size:.67rem}.about-layout{grid-template-columns:1fr;gap:35px}.about-layout>img{aspect-ratio:1.3}.article-layout{grid-template-columns:1fr;gap:30px}.article-layout aside{border-bottom:1px solid var(--line);padding-bottom:25px}.article-layout aside>p:not(.eyebrow){display:none}.article-layout aside .eyebrow{margin:0}.article-layout aside .text-link{margin-top:15px}.prose{font-size:.95rem}.contact-grid{grid-template-columns:1fr;gap:45px}.address-panel{padding:30px;min-height:400px}.report-year{grid-template-columns:65px 1fr;gap:23px}.report-year h2{font-size:1.8rem;margin-top:15px}.document-link{font-size:.82rem}.report-archive .document-link{overflow-wrap:anywhere}.error-page{min-height:65vh}}
@media(max-width:390px){.hero h1{font-size:3.65rem}.hero-footnote{gap:15px;font-size:.44rem}.sector-grid{grid-template-columns:1fr}.sector-image{aspect-ratio:1.5}.footer-grid{grid-template-columns:1fr}.footer-grid>div:first-child{grid-column:auto}.hero-visual{min-height:330px}.brand>span{font-size:.98rem}.hero-copy .eyebrow{font-size:.48rem}}
@media(prefers-reduced-motion:reduce){html{scroll-behavior:auto}*,*:before,*:after{transition:none!important;animation:none!important}}
@media print{.site-header,.site-footer,.contact-band,.section-nav,.menu-toggle{display:none}.container{width:100%}.section{padding-block:24px}.hero-grid,.intro-grid,.investor-grid,.article-layout{display:block}.hero-visual{min-height:250px}.page-hero{padding:20px 0;background:white}.breadcrumbs{margin-bottom:25px}body{color:#000;background:#fff}a{color:#000}.sector-card,.report-year{break-inside:avoid}.principles{background:#fff;color:#000}.principle-grid p{color:#222}}