Expetations dropped across all three market capitalization categories. Mid cap at 117.3% Fv remains the highest ahead of both Small cap at 112.3% Fv and Large cap at 105.3% Fv. It is interesting that Large cap continues to move around the 10% return year-to-date while Small cap moved back down to near break even at 0.65%. Small cap has struggled all year trying to post positive results. The category is well inside the fair value trading range and should be able to move solidly into higher returns later this year.