ANNUAL REPORT

 UNITED
STATES
 SECURITIES AND EXCHANGE COMMISSION
 WASHINGTON, D.C. 20549

 FORM

 ANNUAL REPORT PURSUANT
 TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED DECEMBER 31, 2024

 OR

 TRANSITION REPORT PURSUANT TO SECTION 13
 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO

 Commission
File Number of issuing entity: 001-32867
 Central Index Key Number of issuing entity: 0001357660

 STRATS TRUST FOR ALLSTATE CORPORATION
 SECURITIES, SERIES 2006-3

 (Exact name of issuing entity as specified in its charter)

 Commission
File Number of depositor and sponsor: 001-31818
 Central Index Key Number of depositor and sponsor:
 0001140396

 SYNTHETIC FIXED-INCOME SECURITIES, INC.

 (Exact name of depositor and sponsor as specified in its charter)

 New
 York
 (State of incorporation or organization
 of the issuing entity)

 26-6115117
 (IRS Employer

 Identification No.)

 Hudson Yards, 14 th Floor

 New York, New York
 (Address of principal executive offices)

 10001-2170
 (Zip Code)

 (212)
 214-6289
 (Telephone Number)

 SECURITIES REGISTERED PURSUANT

TO SECTION 12(b) OF THE ACT:

 Title of Each Class

 Trading Symbol(s)

 Name of Each Exchange on which Registered

 STRATS Certificates, Series 2006-3

 GJT

 New York Stock Exchange ("NYSE")

 SECURITIES REGISTERED PURSUANT

TO SECTION 12(g) OF THE ACT: NONE

 Indicate by check mark if the registrant
is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.

 Indicate by check mark if the registrant
is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.

 Indicate by check mark whether the registrant
(1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding
12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days.

 Indicate
by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted
pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period
that the registrant was required to submit such files).

 Indicate by check mark whether the registrant
is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth
company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting
company," and "emerging growth company" in Rule 12b-2 of the Exchange Act.

 Large accelerated filer

 Accelerated filer

 Non-accelerated filer

 Smaller Reporting Company

 Emerging growth Company

 If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for
complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 Indicate
by check mark whether the registrant has filed a report on and attestation to its management's assessment of the effectiveness
of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered
public accounting firm that prepared or issued its audit report.

 If
securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the
registrant included in the filing reflect the correction of an error to previously issued financial statements.

 Indicate
by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation
received by any of the registrant's executive officers during the relevant recovery period pursuant to §240.10D-1(b).

 Indicate by check mark whether the registrant
is a shell company (as defined in Rule 12b-2 of the Act).

 State the aggregate market value of the
voting and non-voting common equity held by non-affiliates computed by reference to the price at which the common equity was last
sold, or the average bid and asked price of such common equity, as of the last business day of the registrant's most recently
completed second fiscal quarter.

 Not applicable.

 DOCUMENTS INCORPORATED BY REFERENCE

 List hereunder the following documents if
incorporated by reference and the part of the Form 10-K (e.g., Part I, Part II, etc.) into which the document is incorporated:
(1) Any annual report to security holders; (2) Any proxy information statement; and, (3) Any prospectus filed pursuant to Rule
424(b) or (c) under the Securities Act of 1933. The listed documents should be clearly described for identification purposes (e.g.,
annual report to security holders for fiscal year ended December 24, 1980).

 None.

 The following Items have been omitted in accordance with
General Instruction J to Form 10-K:

 Item 1. Business.

 Item 1A. Risk Factors.

 Item
1 C. Cybersecurity.

 Item 2. Properties.

 Item 3. Legal Proceedings.

 Item 1B. Unresolved Staff Comments.

 Item 4. Mine Safety Disclosures.

 The following Items have been omitted in accordance with
General Instruction J to Form 10-K:

 Item 5. Market for Registrant's Common Equity,
Related Stockholder Matters and Issuer Purchases of Equity Securities.

 Item
6. [Reserved]

 Item 7. Management's Discussion and Analysis
of Financial Condition and Results of Operations.

 Item 7A. Quantitative and Qualitative Disclosures
About Market Risk.

 Item 8. Financial Statements and Supplementary Data.

 Item 9. Changes in and Disagreement with Accountants
on Accounting and Financial Disclosure.

 Item 9A. Controls and Procedures.

 Item 9B. Other Information.

 None.

 Item
9 C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections.

 The following Items have been omitted in accordance with
General Instruction J to Form 10-K:

 Item 10. Directors, Executive Officers and Corporate
Governance.

 Item 11. Executive Compensation.

 Item 12. Security Ownership of Certain Beneficial
Owners and Management and Related Stockholder Matters.

 Item 13. Certain Relationships and Related Transactions,
and Director Independence.

 Item 14. Principal Accountant Fees and Services.

 Substitute information provided in accordance with General
Instruction J to Form 10-K:

 Item 1112(b) of Regulation AB. Significant Obligors of Pool
Assets (Financial Information).

 The Allstate Corporation, the issuer of
the underlying securities, is subject to the information reporting requirements of the Securities Exchange Act of 1934 (the "Exchange
Act"). For information on The Allstate Corporation please see its periodic and current reports filed with the Securities
and Exchange Commission (the "Commission") under its Exchange Act file number, 001-11840. The Commission maintains
a site on the World Wide Web at " at which users can view and download copies of reports, proxy
and information statements and other information filed electronically through the Electronic Data Gathering, Analysis and Retrieval
system, or "EDGAR." Periodic and current reports and other information required to be filed pursuant to the Exchange
Act by The Allstate Corporation may be accessed on this site. Neither Synthetic Fixed-Income Securities, Inc. nor the Trustee has
participated in the preparation of such reporting documents, or made any due diligence investigation with respect to the information
provided therein. Neither Synthetic Fixed-Income Securities, Inc. nor the Trustee has verified the accuracy or completeness of
such documents or reports. There can be no assurance that events affecting the issuer of the underlying securities or the underlying
securities themselves have not occurred or have not yet been publicly disclosed which would affect the accuracy or completeness
of the publicly available documents described above.

 Item 1114(b)(2) of Regulation AB. Credit Enhancement and
Other Support, Except for Certain Derivatives Instruments (Financial Information).

 None.

 Item 1115(b) of Regulation AB. Certain Derivatives Instruments
(Financial Information).

 None.

 Item 1117 of Regulation AB. Legal Proceedings.

 There are no legal proceedings pending,
or any proceedings known to be contemplated, by governmental authorities against the depositor, the Trustee or the issuing entity,
or any property thereof, that is material to the holders of the Certificates.

 Item 1119 of Regulation AB. Affiliations and Certain Relationships
and Related Transactions.

 In accordance with the Instruction to Item
1119, affiliations and certain relationships and related transactions are described below in response to this item.

 Wells Fargo Bank, National Association ("Wells
Fargo Bank"), as successor to Wachovia Bank, National Association, is the "Swap Counterparty" with respect to
its obligations under the ISDA Master Agreement including the Schedule thereto and a confirmation thereunder, by and among the
Swap Counterparty and the issuing entity, dated as of April 28, 2006. Wells Fargo Bank is an affiliate of Synthetic Fixed-Income
Securities, Inc., the sponsor of the issuing entity and the depositor of the issuing entity and Wells Fargo Securities, LLC (formerly
known as Wachovia Capital Markets, LLC), who acted as an underwriter of the Certificates issued by the issuing entity.

 The Trustee is unaffiliated with, but may
have normal banking relationships with, the sponsor, the depositor and their respective affiliates.

 Item 1122 of Regulation AB. Compliance with Applicable Servicing
Criteria.

 The Trustee has been identified as a party
participating in the servicing function during the reporting period with respect to the pool assets held by the issuing entity.
The Trustee's report on an assessment of compliance with the servicing criteria applicable to it during the Issuing Entity's
fiscal year ending December 31, 2024 and an attestation report by a registered independent public accounting firm regarding the
Trustee's related report on assessment are attached as exhibits to this Form 10-K.

 Except as disclosed below, neither the report
on assessment nor the related attestation report has identified any additional material instances of noncompliance with the servicing
criteria described in the report on assessment as being applicable to the Trustee. With respect to the exception identified below,
the Trustee has identified the following material instances of noncompliance:

 Exception:

 The Trustee's report on assessment
and the related attestation report have identified material noncompliance with the following servicing criterion applicable to
the Trustee:

 The servicing criterion specified in Item 1122(d)(3)(ii) of Regulation AB requires that amounts due to investors are allocated
and remitted in accordance with timeframes, distribution priority and other terms set forth in the transaction agreements.

 Noncompliance:
During the Period, the first distribution for the Consumers 2023 Securitization Funding LLC transaction due on September 3, 2024
($82,421,673.75) was remitted one day late.

 Remediation:
The Trustee has implemented a daily report, which is distributed daily to the Trustee's management, that identifies outstanding
deal onboarding items serving as a reminder of tasks not yet completed as another check in the process aimed at preventing missed
payments. Additionally, programmers are working to build a status report at an individual level, rather than a group level, flagging
individuals that have deal onboarding tasks to complete.

 Item 1123 of Regulation AB. Servicer Compliance Statement.

 The Trustee has provided a compliance statement,
signed by an authorized officer, attached as an exhibit to this Form 10-K.

 Item
15. Exhibit and Financial Statement Schedules.

 (a)
 List the following documents filed as a part of the report:

 (1)

 (2)

 (3)
 See Item 15 (b), below.

 (b)
 Exhibits Required by Item 601 of Regulation S-K.

 31.1
 Rule 13a-14/15d-14 Certification (Section 302 Certification).

 33.1
 Report on Assessment of Compliance with Applicable Servicing Criteria of The Bank of New York Mellon for the year ended December 31, 2024.

 34.1
 Independent Accountants' Attestation Report concerning servicing activities of The Bank of New York Mellon for the year ended December 31, 2024.

 35.1
 Compliance Statement of The Bank of New York Mellon for the year ended December 31, 2024.

 (c)
 Omitted.

 Item
 16. Form 10-K Summary.

 SIGNATURES

 Pursuant to the requirements of Section
13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.

 Synthetic Fixed-Income Securities, Inc.

 (Depositor)

 Dated: March 31, 2025

 By:

 /s/ Barbara Garafalo

 Barbara Garafalo

 President

 (senior officer of depositor in charge of securitization)

 EXHIBIT INDEX

 EXHIBIT

 DESCRIPTION

 31.1

 Rule 13a-14/15d-14 Certification (Section 302 Certification).

 33.1

 Report on Assessment of Compliance with Applicable Servicing Criteria of The Bank of New York Mellon for the year ended December 31, 2024.

 34.1

 Independent Accountants' Attestation Report concerning servicing activities of The Bank of New York Mellon for the year ended December 31, 2024.

 35.1

 Servicer Compliance Statement of The Bank of New York Mellon for the year ended December 31, 2024.