| Class | Size ($MM) | % of Pool | Sub % | CPN / Spread | WAL | Legal Final | S&P | Moody's | Fitch |
|---|---|---|---|---|---|---|---|---|---|
| Class A-1 | 440.0 | 18.4% | 73.6% | +14 bps | 0.24 | — | A-1+ | — | F1+ |
| Class A-2A | 474.0 | 19.8% | 53.7% | +34 bps | 1.07 | — | AAA | Aaa | AAA |
| Class A-2B | 300.0 | 12.5% | 41.2% | +34 bps SOFR | 1.07 | — | AAA | Aaa | AAA |
| Class A-3 | 774.0 | 32.4% | 8.9% | +34 bps | 2.46 | — | AAA | Aaa | AAA |
| Class A-4 | 103.4 | 4.3% | 4.5% | +36 bps | 3.65 | — | AAA | Aaa | AAA |
| Class B | 40.6 | 1.7% | 2.8% | +53 bps | 3.98 | — | AA+ | Aa1 | AA+ |
| Class C | 67.7 | 2.8% | 0.0% | +73 bps | 4.21 | — | AA | — | A+ |
| Sponsor | Hyundai Capital America |
|---|---|
| Servicer | Hyundai Capital America |
| Depositor / Transferor | Hyundai ABS Funding, LLC |
| Indenture Trustee | Citibank, N.A |
| Owner Trustee | U.S. Bank Trust National Association |
| Asset Rep. Reviewer | Clayton Fixed Income Services LLC |
| Underwriters | BofA Securities, Credit Agricole Securities, Wells Fargo Securities, TD Securities, MUFG Securities Americas, SMBC Nikko Securities |
| HART 2026-A | HART 2025-D | HART 2025-C | HART 2025-B | HART 2025-A | HART 2024-C | |
|---|---|---|---|---|---|---|
| Collateral (pool at cut-off) | ||||||
| Closing date | 2026-02-18 | 2025-11-12 | 2025-09-17 | 2025-06-11 | 2025-03-12 | 2024-10-16 |
| Pool balance | $2,392.4MM | $2,171.9MM | $2,148.3MM | $2,188.2MM | $2,188.3MM | $1,859.5MM |
| WA Credit Score | 775+5 | 773 | 772 | 770 | 769 | 769 |
| WA APR | 5.38%−0.23pp | 5.37% | 5.61% | 5.95% | 5.57% | 5.97% |
| WA original term mo | 67.2−0.7 | 67.9 mo | 67.9 mo | 67.5 mo | 67.9 mo | 68.0 mo |
| % new vehicles | 97.5% | 99.9% | 99.5% | 97.5% | 96.6% | 96.7% |
| Reserve % | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% |
| Geo top-3 | TX 13.2% FL 10.1% CA 9.1% | TX 13.1% FL 10.2% CA 8.0% | TX 13.0% FL 9.8% CA 8.2% | CA 14.3% TX 11.9% FL 9.3% | CA 12.9% TX 12.5% FL 9.5% | TX 12.7% FL 10.6% CA 8.9% |
| Structure (at issuance) | ||||||
| AAA spread | +34 bps−2bps | +38 bps | +35 bps | — | +34 bps | +40 bps |
| AAA % of pool | 69.0%+0.7pp | 68.3% | 68.9% | 56.0% | 67.4% | 69.8% |
| Subordination below AAA | 4.5%−0.0pp | 4.5% | 4.6% | 4.6% | 4.5% | 4.6% |
| OC (initial) | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% |
| OC target | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% |
| OC floor | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% |
| YSOC | 5.70% | 5.68% | 5.09% | 5.22% | 6.01% | 4.98% |
| Tranches | 7 | 7 | 7 | 7 | 7 | 7 |
OC shown net of any yield-supplement overcollateralization (YSOC); YSOC is a yield mechanism for subvented low-APR pools and is reported separately. OC target is a % of the pool balance — current (amortizing) for greater-of/sum-of structures, original (cut-off) for flat structures; OC floor is a % of the original pool balance.
| HART 2026-A | HAROT 2026-1 | WOART 2026-A | TAOT 2026-A | GMCAR 2026-1 | NAROT 2025-B | |
|---|---|---|---|---|---|---|
| Collateral (pool at cut-off) | ||||||
| Closing date | 2026-02-18 | 2026-02-18 | 2026-02-18 | 2026-01-21 | 2026-01-14 | 2025-11-25 |
| Pool balance | $2,392.4MM | $2,483.1MM | $1,312.6MM | $1,995.4MM | $1,317.6MM | $1,381.3MM |
| WA Credit Score | 775+4 | 770 | 758 | 771 | 779 | 795 |
| WA APR | 5.38%−0.30pp | 5.00% | 5.87% | 5.68% | 5.97% | 4.61% |
| WA original term mo | 67.2+0.0 | 61.6 mo | 68.4 mo | 65.9 mo | 70.0 mo | — |
| % new vehicles | 97.5% | 86.5% | 98.0% | 88.0% | 80.8% | 10.0% |
| Reserve % | 0.25% | 0.25% | 0.24% | 0.25% | 0.25% | 0.25% |
| Geo top-3 | TX 13.2% FL 10.1% CA 9.1% | CA 16.0% TX 9.5% NY 6.7% | FL 44.5% GA 18.6% NC 16.2% | CA 23.8% TX 16.7% IL 3.8% | TX 14.6% FL 7.1% CA 6.3% | TX 17.5% FL 7.4% CA 6.5% |
| Structure (at issuance) | ||||||
| AAA spread | +34 bps+1bps | +34 bps | +31 bps | +33 bps | +32 bps | +38 bps |
| AAA % of pool | 69.0%−4.1pp | 73.1% | 69.7% | 73.6% | 75.6% | 68.8% |
| Subordination below AAA | 4.5%+2.1pp | 0.0% | 4.2% | 2.4% | 3.0% | 1.5% |
| OC (initial) | 3.00% | — | — | 0.85% | 2.75% | 2.35% |
| OC target | 3.00% | — | 0.90% | 0.85% | 2.75% | 2.35% |
| OC floor | 3.00% | — | 0.50% | 0.85% | 2.75% | 2.35% |
| YSOC | 5.70% | 4.09% | 5.47% | 4.78% | 2.44% | 7.33% |
| Tranches | 7 | 5 | 7 | 6 | 7 | 6 |
OC shown net of any yield-supplement overcollateralization (YSOC); YSOC is a yield mechanism for subvented low-APR pools and is reported separately. OC target is a % of the pool balance — current (amortizing) for greater-of/sum-of structures, original (cut-off) for flat structures; OC floor is a % of the original pool balance.
Anchor expectations in empirical base rates from the sponsor's prior series and FICO-tier peer set.
Left: per-series cumulative NET loss at matched seasoning 10-D (10-D servicer distribution reports). IQR band uses a fixed cohort of all peer series with ≥18 months of data (202 series across 9 issuers). Right: portfolio-level 60+ DQ rate aggregated across all active deals per issuer (calendar time, last 3 years), from ABS-EE loan-level data ABS-EE.
Hyundai Capital America — ticker HART.
Peer tier: prime.
Open in Explorer ↗ for
FICO sub-band and new/used stratification.