| Class | Size ($MM) | % of Pool | Enhancement | WAL | Coupon | Spread | Legal Final | S&P | Moody's | Fitch |
|---|---|---|---|---|---|---|---|---|---|---|
| Class A-1 | 464.8 | 19.3% | 7.55% | 0.25 | 3.85% | +14 I-curve | 2027-06-15 | A-1+ | — | F1+ |
| Class A-2-A | 510.0 | 21.2% | 7.55% | 1.08 | 4.19% | +36 I-curve | 2029-05-15 | AAA | Aaa | AAA |
| Class A-2-B | 242.8 | 10.1% | 7.55% | 1.08 | floating | +36 SOFR | 2029-05-15 | AAA | Aaa | AAA |
| Class A-3 | 752.8 | 31.3% | 7.55% | 2.42 | 4.51% | +41 I-curve | 2031-02-18 | AAA | Aaa | AAA |
| Class A-4 | 109.0 | 4.5% | 7.55% | 3.55 | 4.60% | +45 I-curve | 2032-02-17 | AAA | Aaa | AAA |
| Class B | 40.4 | 1.7% | 5.75% | 3.86 | 4.81% | +65 I-curve | 2032-02-17 | AA+ | — | AA+ |
| Class C | 67.3 | 2.8% | 2.75% | 4.06 | 5.01% | +85 I-curve | 2033-10-17 | AA | — | A+ |
Enhancement: subordinate notes, overcollateralization and reserve beneath the class, as a share of the pool net of any yield supplement (the adjusted pool, as the issuers and rating agencies measure it); the Class A notes share losses pari passu, so each carries the same figure. Spread: basis points over the benchmark named beside it, from the pricing term sheet — the interpolated curve for fixed-rate classes, 30-day average SOFR for floaters; the two are not comparable. A class marked retained was kept by the depositor, as the prospectus states.
| 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 | BNP Paribas Securities, J.P. Morgan Securities, Lloyds Securities, RBC Capital Markets, Citigroup Global Markets, HSBC Securities |
| HART 2026-B | HART 2026-A | HART 2025-D | HART 2025-C | HART 2025-B | HART 2025-A | Source | |
|---|---|---|---|---|---|---|---|
| Collateral (pool at cut-off) | |||||||
| Closing date | 2026-06-17 | 2026-02-18 | 2025-11-12 | 2025-09-17 | 2025-06-11 | 2025-03-12 | 424B5 |
| Pool balance | $2,408.5MM | $2,392.4MM | $2,171.9MM | $2,148.3MM | $2,188.2MM | $2,188.3MM | 424B5 |
| WA Credit Score | 774+2 | 775 | 773 | 772 | 770 | 769 | 424B5 |
| WA APR | 5.17%−0.39pp | 5.39% | 5.36% | 5.61% | 5.95% | 5.56% | 424B5 |
| WA original term mo | 65.8−2.1 | 67.2 mo | 67.9 mo | 67.9 mo | 67.5 mo | 67.9 mo | 424B5 |
| % new vehicles | 99.8% | 97.5% | 99.9% | 99.5% | 97.5% | 96.6% | 424B5 |
| Geo top-3 | TX 13.0% FL 9.9% CA 8.5% | 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% | 424B5 |
| Enhancement beneath the AAA term notes | |||||||
| Enhancement, initial | 7.55%0.00pp | 7.55% | 7.55% | 7.55% | 7.55% | 7.55% | calc |
| Enhancement, target | 8.05% | 8.05% | 8.05% | 8.05% | 8.05% | 8.05% | calc |
| Subordinate notes | 4.8%0.0pp | 4.8% | 4.8% | 4.8% | 4.8% | 4.8% | calc |
| OC (initial) | 2.50% | 2.50% | 2.50% | 2.50% | 2.50% | 2.50% | 424B5 |
| OC target | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% | 424B5 |
| OC floor | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% | 424B5 |
| Reserve account | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% | 424B5 |
| YSOC | 6.86% | 5.70% | 5.68% | 5.09% | 5.22% | 6.01% | 424B5 |
| Pricing | |||||||
| AAA spread | +41 bps+2bps A-3 · 2.4y | +34 bps A-3 · 2.5y | +39 bps A-3 · 2.4y | +38 bps A-3 · 2.3y | +45 bps A-3 · 2.3y | +42 bps A-3 · 2.3y | FWP |
| Terms | |||||||
| Tranches | 7 | 7 | 7 | 7 | 7 | 7 | FWP |
Enhancement: subordinate notes, overcollateralization and the reserve account as a share of the cutoff-date pool — the losses the pool can absorb before the AAA term notes are touched. AAA spread: the pricing spread over the interpolated curve for the fixed-rate AAA class whose weighted-average life is nearest two years, with that class and its WAL shown; floating-rate classes are never used. Source: 424B5 = final prospectus, FWP = pricing term sheet, calc = derived from the above. Deltas are against the peer median; green means more protection, or a cheaper price for it, for the noteholder.
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-B | NAROT 2026-A | MBART 2026-1 | HAROT 2026-2 | WOART 2026-B | TAOT 2026-B | Source | |
|---|---|---|---|---|---|---|---|
| Collateral (pool at cut-off) | |||||||
| Closing date | 2026-06-17 | 2026-05-27 | 2026-05-20 | 2026-05-13 | 2026-05-13 | 2026-04-21 | 424B5 |
| Pool balance | $2,408.5MM | $1,394.8MM | $1,469.0MM | $2,159.3MM | $1,406.0MM | $2,000.6MM | 424B5 |
| WA Credit Score | 774+4 | 787 | 780 | 768 | 759 | 770 | 424B5 |
| WA APR | 5.17%−0.40pp | 4.44% | 6.37% | 4.99% | 5.79% | 5.57% | 424B5 |
| WA original term mo | 65.8+1.6 | — | 62.4 mo | 61.9 mo | 68.6 mo | 66.0 mo | 424B5 |
| % new vehicles | 99.8% | 10.9% | 48.1% | 86.1% | 98.1% | 87.6% | 424B5 |
| Geo top-3 | TX 13.0% FL 9.9% CA 8.5% | FL 6.8% CA 6.3% GA 3.7% | CA 20.4% FL 14.8% TX 14.0% | CA 15.3% TX 9.9% NY 6.2% | FL 45.9% GA 18.6% NC 15.2% | CA 24.1% TX 16.1% AZ 3.6% | 424B5 |
| Enhancement beneath the AAA term notes | |||||||
| Enhancement, initial | 7.55%+4.80pp | 4.25% | 2.75% | 2.75% | 4.75% | 2.75% | calc |
| Enhancement, target | 8.05% | 4.25% | 2.75% | — | 5.65% | 3.60% | calc |
| Subordinate notes | 4.8%+2.3pp | 3.0% | 0.0% | 0.0% | 4.5% | 2.5% | calc |
| OC (initial) | 2.50% | 1.00% | 2.50% | 2.50% | 0.00% | 0.00% | 424B5 |
| OC target | 3.00% | 1.00% | 2.50% | — | 0.90% | 0.85% | 424B5 |
| OC floor | 3.00% | 1.00% | 2.50% | — | 0.50% | 0.85% | 424B5 |
| Reserve account | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% | 424B5 |
| YSOC | 6.86% | 8.14% | 5.33% | n.a. | 6.38% | 5.03% | 424B5 |
| Pricing | |||||||
| AAA spread | +41 bps0bps A-3 · 2.4y | +44 bps A-3 · 2.3y | +41 bps A-3 · 2.3y | +39 bps A-3 · 2.4y | +46 bps A-3 · 2.6y | +39 bps A-3 · 2.5y | FWP |
| Terms | |||||||
| Tranches | 7 | 7 | 5 | 5 | 7 | 6 | FWP |
Enhancement: subordinate notes, overcollateralization and the reserve account as a share of the cutoff-date pool — the losses the pool can absorb before the AAA term notes are touched. AAA spread: the pricing spread over the interpolated curve for the fixed-rate AAA class whose weighted-average life is nearest two years, with that class and its WAL shown; floating-rate classes are never used. Source: 424B5 = final prospectus, FWP = pricing term sheet, calc = derived from the above. Deltas are against the peer median; green means more protection, or a cheaper price for it, for the noteholder.
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 (208 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 the performance page ↗ for
FICO sub-band and new/used stratification.