# EDGAR Filing Document

**Accession Number:** 0001349577
**File Stem:** 0001853620-26-000047
**Filing Date:** 2026-3
**Character Count:** 9281
**Document Hash:** cf4d4ba8665a77afa0047e6eb3a0d380
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001853620-26-000047.hdr.sgml**: 20260302

**ACCESSION NUMBER**: 0001853620-26-000047

**CONFORMED SUBMISSION TYPE**: 10-D

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260216

**FILED AS OF DATE**: 20260302

**DATE AS OF CHANGE**: 20260302

**ABS ASSET CLASS**: Resecuritization

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MS STRUCTURED TILES SERIES 2006-1
- **CENTRAL INDEX KEY:** 0001349577
- **STANDARD INDUSTRIAL CLASSIFICATION:** ASSET-BACKED SECURITIES [6189]
- **ORGANIZATION NAME:** Office of Structured Finance
- **EIN:** 000000000

**FILING VALUES:**
- **FORM TYPE:** 10-D
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-32725
- **FILM NUMBER:** 26709233

**BUSINESS ADDRESS:**
- **STREET 1:** 1585 BROADWAY
- **STREET 2:** SECOND FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036
- **BUSINESS PHONE:** 2127611715

**MAIL ADDRESS:**
- **STREET 1:** 1585 BROADWAY
- **STREET 2:** SECOND FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036

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| |
|:---|
| **UNITED STATES** |
| **SECURITIES AND EXCHANGE COMMISSION** |
| **Washington, D.C. 20549** |

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**FORM 10-D**

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|:---|
| **ASSET-BACKED ISSUER** |
| **DISTRIBUTION REPORT PURSUANT TO SECTION 13 OR 15(d) OF** |
| **THE SECURITIES EXCHANGE ACT OF 1934** |

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For the Semi-annual distribution period from <br> August 15, 2025 to February 16, 2026

Commission File Number of Issuing entity: 333-101155-29

Central Index Key Number of issuing entity: 0001349577

<u>MS Structured TILES Series 2006-1</u> <br> (Exact name of issuing entity as specified in its charter)

Commission File Number of depositor: 333-101155

Central Index Key Number of depositor: 0000107124

<u>MS Structured Asset Corp.</u> <br> (Exact name of depositor as specified in its charter)

Central Index Key Number of sponsor (if applicable): 0000107124 <br> <u>MS Structured Asset Corp.</u> <br> (Exact name of sponsor as specified in its charter)

<u>Faseeh Ejaz 312-332-9827</u> <br> (Name and telephone number, including area code, of the person to contact in connection with this filing)

<u>New York</u> <br> (State or other jurisdiction of incorporation or organization of the issuing entity)

<u>84-6392593</u> <br> (I.R.S. Employer Identification No.)

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|:---|
| Attention: Joshua Schanzer |
| 1585 Broadway, 2nd Floor |
| <u>New York, NY 10036</u> |
| (Address of principal executive offices of issuing entity) |

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<u>10036</u> <br> (Zip Code)

<u>(212) 761-2520</u> <br> (Telephone number, including area code)

<u>Not Applicable</u> <br> (Former name, former address, if changed since last report)

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| | | | | |
|:---|:---|:---|:---|:---|
| **Registered/reporting pursuant to (check one)** | **Registered/reporting pursuant to (check one)** | **Registered/reporting pursuant to (check one)** | **Registered/reporting pursuant to (check one)** | **Registered/reporting pursuant to (check one)** |
| | | | | Name of exchange |
| Title of Class | Section 12(b) | Section 12(g) | Section 15(d) | (If Section 12(b)) |
| Class A Units | <u>[x]</u> | ☐ | ☐ | New York Stock Exchange |

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|:---|:---|
| Indicate by check mark whether the registrant (1) filed all reports required to be filed by Section 13 or 15(d) of the Securities and 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? Yes ☒ No ☐ | Indicate by check mark whether the registrant (1) filed all reports required to be filed by Section 13 or 15(d) of the Securities and 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? Yes ☒ No ☐ |
| SEC 2503 (03-05) | **Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number** |
| **PART I - DISTRIBUTION INFORMATION ITEM** | **PART I - DISTRIBUTION INFORMATION ITEM** |
| **Item 1. Distribution and Pool Performance Information.** | **Item 1. Distribution and Pool Performance Information.** |
| The semi-annual distribution report for the period referenced above for the holders of Treasury Index LinkEd Securities (TILES SM) Series 2006-1 is attached as Exhibit 99.1. | The semi-annual distribution report for the period referenced above for the holders of Treasury Index LinkEd Securities (TILES SM) Series 2006-1 is attached as Exhibit 99.1. |
| **Item 1A. Asset-Level Information.** | **Item 1A. Asset-Level Information.** |
| Not applicable. | Not applicable. |
| **Item 1B. Asset-Level Information.** | **Item 1B. Asset-Level Information.** |
| Not applicable. | Not applicable. |
| **PART II - OTHER INFORMATION** | **PART II - OTHER INFORMATION** |
| **Item 2. Legal Proceedings.** | **Item 2. Legal Proceedings.** |
| No update to report. | No update to report. |

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|:---|
| **Item 3. Sales of Securities and Use of Proceeds.** |
| None. |

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|:---|
| **Item 4. Defaults Upon Senior Securities.** |
| Contained within Item 1, if any. |

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|:---|
| **Item 5. Submission of Matters to a Vote of Security Holders.** |
| None. |

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|:---|
| **Item 6. Significant Obligors of Pool Assets.** |
| No update to report. |

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|:---|
| **Item 7. Significant Enhancement Provider Information.** |
| None. |

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|:---|
| **Item 8 Significant Enhancement Provider Information.** |
| No update to report. |
| **Item 9. Other Information.** |
| None. |

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|:---|
| **Item 10. Exhibits.** |
| (d) [99.1 Semi-annual distribution report](tiles20061.htm)pursuant to the Trust Agreement for the period referenced above. The distribution report was made on February 16, 2026. |

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**SIGNATURES**

Pursuant to the requirements 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.

 TILES Trust No. 2006-1 <br> By: U.S. Bank National Association, as Trustee, successor in interest to Bank of America, National Association, as Trustee, successor by merger to LaSalle Bank National Association, as Trustee

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| | |
|:---|:---|
| Date: February 27, 2026 | <u>/s/ Matthew M. Smith</u> |
| | <u>Name: Matthew M. Smith</u> |
| | <u>Title: Vice President</u> |

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## Exhibit 99.1

------

To the Holders of:

Treasury Index LinkEd Securities (TILESSM)

Series 2006-1

CUSIP NO.

Distribution Date

89465GAA3

February 17, 2026

U.S. Bank National Association, as Trustee for the Trust, hereby gives notice with respect to the Distribution Date as follows:

The amount of the distribution payable to the Certificateholders on the Distribution Date allocable to principal and premium, if any, and interest, is as set forth below:

Beginning Principal

Amount

$10,958,000.00

Principal Payment

$0.00

Ending Principal

Amount

$10,958,000.00

Ten Year Constant Maturity

Treasury Rate

4.24%

Fixed Rate

Spread

0.25%

Interest

Amount Due

$

46,007.10

Aggregate Interest

Due and Unpaid

$0.00

Total

Distribution

$246,007.10

Additional Information

Swap Counterparty Payment Amount to Trustee

Trustee Payment to Swap Counterparty

Trustee Fees

Expense Account Deposit

$

246,007.10

$

345,177.00

$

2,000.00

$

465.55 Underlying Security

Payment Dates

Cusip

Goldman Sachs Capital I 6.345% Capital Securities due February 15, 2034

15th of Feb/Aug or NBD

38143VAA7

Current Principal Balance

Annual Coupon Rate (Fixed)

Interest Payment Received

Original Ratings

$10,958,000.00

6.34500%

$347,642.55

Current Ratings

CUSIP

89465GAA3

38143VAA7

Moody's

S & P

A-

A1

A-

Moody's

n/a

Baa3

Date

S & P

n/a

29-Oct-20

BB+

Date

10-Dec-21

\*The Trustee shall not be held responsible for the selection or use of the CUSIP number nor is any representation made as to its correctness.

It is included for the convenience of the Holders.

The Underlying Security Issuer or Underlying Security Guarantor, as applicable, is subject to the informational requirements of the Exchange Act. The Underlying

Security Issuer or Underlying Security Guarantor, as applicable, currently files reports, proxy statements and other information with the SEC. Those periodic reports,

current reports and other reports and other information can be inspected and copied at the public reference facilities maintained by the SEC at Room 1024. 450 Fifth Street,

N.W., Washington, D.C. 20549. Copies of those materials can be obtained by making a written request to the SEC, Public Reference Section, 450 Fifth Street, N.W.,

Washington, D.C. 20549, at prescribed rates. The SEC also maintains a website on the internet at http://www.sec.gov at which users can view and download copies of reports,

proxy, information statements and other information filed electronically. In addition, those reports and other information may also be obtained from the underlying

security issuer by making a request to the underlying security issuer.