Strats SM Trust for Wal Mart Stores Inc Securities Series 2005-4 GIC (GJO)

History and Background

The STRATS SM Trust for Wal-Mart Stores Securities Series 2005-4 GIC was a unit investment trust (UIT) focused on Wal-Mart Stores, Inc. The trust has likely matured and no longer exists in its initial form. UITs are typically structured for a specific term, after which the assets are distributed to the unitholders.

Core Business Areas

• Investment Trust: The trust invested solely in securities related to Wal-Mart Stores, Inc. (now Walmart Inc.). The primary 'product' was a fixed portfolio of these securities.

Leadership and Structure

Unit Investment Trusts (UITs) are overseen by a trustee, which would have managed the trust according to a pre-defined investment strategy, with no active management or changes to the portfolio once established.

Key Offerings

• Units in the Trust: The 'product' was units of the trust itself, representing ownership in the fixed portfolio of Wal-Mart Stores securities. Market share is not applicable to this type of investment trust as it's a passive investment vehicle holding pre-selected securities and not offering actively managed investment strategies. Competitors: Other UITs or investment funds holding Walmart Stock.

Industry Overview

Unit investment trusts are passive investment vehicles that offer investors a fixed portfolio of securities. The industry is characterized by its simplicity and transparency.

Positioning

This particular UIT was positioned as a way for investors to gain exposure to Wal-Mart Stores securities. Its competitive advantage, if any, would have been the specific terms and structure of the trust at the time of its offering. As a fixed investment, the fund did not shift investments based on market changes.

Total Addressable Market (TAM)

The TAM for investment trusts and specifically those linked to Walmart stock would be quite large as it includes all investors, both institutional and individual, looking for investments in the retail market. This trust was only a small piece of the total amount that could be invested in Walmart

Key Competitors

• VTI
• SPY
• IWB

Competitive Landscape

UITs compete with other investment vehicles, such as ETFs and mutual funds. As a trust exclusively holding securities of Walmart, its performance was entirely dependent on Walmart's stock performance.

Historical Growth: Growth would be linked solely to Walmart's stock performance and did not have active management.

Future Projections: As a fixed trust, no future growth projections are relevant as the portfolio would have been predetermined and held until maturity.

Recent Initiatives: Not applicable as it's a fixed trust.

The STRATS SM Trust for Wal-Mart Stores Securities Series 2005-4 GIC was a passive investment vehicle designed to provide exposure to Walmart stock. Its performance was directly tied to the performance of Walmart, making it a high-conviction investment for those bullish on the company. Being a fixed, unmanaged portfolio, there was no flexibility to adapt to market changes. Investors received dividends paid by Walmart as well as the value of the Walmart stock itself. Since this Trust was created in 2005, most UITs of this type typically have a 5 to 10 year term, indicating that this trust has matured and likely been dissolved by 2015 at the latest.

Data Sources:

• Company prospectus
• SEC Filings
• Financial News Outlets

Disclaimers:

This analysis is based on publicly available information and historical data. The trust is likely no longer in existence. This is not investment advice.