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STRATS(SM) Trust for Allstate Corp Securities, Series 2006-3
The trust was established in 2006 under Delaware law as a special-purpose vehicle for a single series of floating-rate notes.
STRATS(SM) Trust for Allstate Corp Securities, Series 2006-3
The trust was established in 2006 under Delaware law as a special-purpose vehicle for a single series of floating-rate notes. JPMorgan Chase Bank serves as trustee, with no publicly named investment committee or family office relationship. The trust's structure isolates Allstate Corporation's credit risk from that of the issuing bank. The trust's sole asset is a portfolio of securities whose cash flows support the note liabilities. No equity or alternative assets are held. The notes, listed under the STRATS(SM) brand, pay interest tied to a floating benchmark. No geographic diversification strategy applies because the trust is not an active allocator. As of the last available public filing, the trust had no employees or separate offices. All administrative functions are handled by the trustee and third-party servicers. The trust is not a family office, asset manager, or any ongoing investment vehicle — it was designed to wind down upon note maturity. The structural differentiator is the trust's pass-through economics and fixed lifespan. Unlike a family office or fund, this entity does not make investment decisions, source deals, or deploy capital. Its distinction is a narrow legal architecture: a Delaware statutory trust created solely to isolate and monetize credit exposure.
General information
Firm type
other
Year founded
2006
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Wilmington
Corporate office
Wilmington, DE, United States
Principals
JPMorgan Chase Bank, N.A.
Trustee
Sector focus
Frequently asked questions
What is the purpose of this trust?
The trust was created solely to issue a series of floating-rate notes. Its legal structure isolates Allstate Corporation's credit risk for noteholders. It does not invest in other assets or engage in trading (per the trust's prospectus, 2006).
Is this entity a family office or asset manager?
No. The trust is a special-purpose vehicle under Delaware statutory trust law. It has no investment committee, no employees, and no discretionary investment mandate. It is not comparable to a family office, hedge fund, or private equity firm (per public record).
Who operates the trust day-to-day?
JPMorgan Chase Bank, N.A. acts as trustee and manages administrative functions. No named individuals or family are involved in operations.
What happens to the trust after the notes mature?
The trust is structured to wind down and dissolve after the notes are fully redeemed. It has no indefinite lifespan or reinvestment provisions.
Can external allocators invest in this trust?
No. The notes were offered in a public underwritten offering in 2006 and are not open for new investments. The trust itself is not an investment vehicle.
Is this trust related to Allstate Corporation beyond the credit reference?
The trust is not affiliated with Allstate Corporation. It uses Allstate's credit as a reference for note payments. Allstate has no equity or management role in the trust.
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