STRATS SM TRUST FOR WAL-MART STORES, INC. SECURITIES, SERIES 2005-4

# STRATS SM TRUST FOR WAL-MART STORES, INC. SECURITIES, SERIES 2005-4

This entity is an asset-backed securitization vehicle listed on the NYSE. The trust was established to issue securities backed by a pool of structured financing arrangements related to Walmart Stores, Inc. securities. The trust holds and manages the underlying collateral supporting the issued certificates, which represent claims on cash flows generated by the securitized assets.

The primary revenue stream derives from payments on the underlying Walmart-related securities held in the trust portfolio. These payments flow through to security holders according to the priority and terms specified in the trust documentation. The structure functions as a pass-through vehicle, with cash collected from the collateral distributed to investors holding various classes of securities issued by the trust.

As an asset-backed securitization, the trust has no traditional employees or operating divisions. Geographic operations are limited to the United States, where both the trust and its underlying collateral reside. The scale of the vehicle is determined by the original collateral pool established at securitization inception in 2005, with principal amounts paid down over time through scheduled amortization and prepayments on the underlying assets.