CHANGE TO CORE POSITION: REDUCE STRYKER AT $218.95

CHANGE TO CORE POSITION: REDUCE STRYKER AT $218.95 CURRENT POSITION SIZE: Underweight 0.875% (Previously Regular weight at 1.5%)

JUSTIFICATION: With the appreciation in its stock price, Stryker’s valuation has now moved up to the over-valued zone. At $218.95, we have reduced our position size to Under Weight from Regular Weight. WHO IS STRYKER CORP:

Stryker Corporation, together with its subsidiaries, operates as a medical technology company. It operates through three segments: Orthopaedics; MedSurg; and Neurotechnology and Spine. (Source: Yahoo)