| Class | Size ($MM) | % of Pool | Enhancement | WAL | Coupon | Spread | Legal Final | S&P | Fitch |
|---|---|---|---|---|---|---|---|---|---|
| Class A-1 | 468.0 | 20.3% | 7.55% | 0.26 | 4.19% | +14 I-curve | 2027-10-15 | A-1+ | F1+ |
| Class A-2-A | 560.5 | 24.3% | 7.55% | 1.10 | 4.72% | — | 2029-08-15 | AAA | AAA |
| Class A-2-B | 160.0 | 6.9% | 7.55% | 1.10 | floating | +37 SOFR | 2029-08-15 | AAA | AAA |
| Class A-3 | 651.5 | 28.2% | 7.55% | 2.39 | 5.03% | +38 I-curve | 2031-06-16 | AAA | AAA |
| Class A-4 | 124.4 | 5.4% | 7.55% | 3.47 | 5.14% | +42 I-curve | 2033-03-15 | AAA | AAA |
| Class B | 38.1 | 1.7% | 5.75% | 3.83 | 5.26% | +53 I-curve | 2033-04-15 | AA+ | AA+ |
| Class C | 63.6 | 2.8% | 2.75% | 4.04 | 5.46% | +73 I-curve | 2034-07-17 | 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 | J.P. Morgan Securities, Barclays Capital, TD Securities, Wells Fargo Securities, RBC Capital Markets, Mizuho Securities |
| HART 2026-C | HART 2026-B | HART 2026-A | HART 2025-D | HART 2025-C | HART 2025-B | Source | |
|---|---|---|---|---|---|---|---|
| Collateral (pool at cut-off) | |||||||
| Closing date | 2026-09-23 | 2026-06-17 | 2026-02-18 | 2025-11-12 | 2025-09-17 | 2025-06-11 | 424B5 |
| Pool balance | $2,306.5MM | $2,408.5MM | $2,392.4MM | $2,171.9MM | $2,148.3MM | $2,188.2MM | 424B5 |
| WA Credit Score | 774+1 | 774 | 775 | 773 | 772 | 770 | 424B5 |
| WA APR | 4.49%−0.90pp | 5.17% | 5.39% | 5.36% | 5.61% | 5.95% | 424B5 |
| WA original term mo | 65.9−1.6 | 65.8 mo | 67.2 mo | 67.9 mo | 67.9 mo | 67.5 mo | 424B5 |
| % new vehicles | 99.9% | 99.8% | 97.5% | 99.9% | 99.5% | 97.5% | 424B5 |
| Geo top-3 | TX 13.0% FL 9.6% CA 8.6% | 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% | 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 | 8.12% | 6.86% | 5.70% | 5.68% | 5.09% | 5.22% | 424B5 |
| Pricing | |||||||
| AAA spread | +38 bps−1bps A-3 · 2.4y | +41 bps 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 | 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-C | WOART 2026-C | BMWOT 2026-A | HAROT 2026-3 | TAOT 2026-C | GMCAR 2026-3 | Source | |
|---|---|---|---|---|---|---|---|
| Collateral (pool at cut-off) | |||||||
| Closing date | 2026-09-23 | 2026-08-26 | 2026-08-19 | 2026-08-12 | 2026-07-21 | 2026-07-15 | 424B5 |
| Pool balance | $2,306.5MM | $1,084.4MM | $1,895.5MM | $2,159.3MM | $2,023.1MM | $1,078.8MM | 424B5 |
| WA Credit Score | 774+3 | 758 | 788 | 770 | 771 | 781 | 424B5 |
| WA APR | 4.49%−0.87pp | 5.74% | 5.36% | 4.94% | 5.36% | 6.63% | 424B5 |
| WA original term mo | 65.9−0.1 | 69.0 mo | 65.1 mo | 62.7 mo | 66.0 mo | 70.0 mo | 424B5 |
| % new vehicles | 99.9% | 98.5% | 70.5% | 86.1% | 87.5% | 80.8% | 424B5 |
| Geo top-3 | TX 13.0% FL 9.6% CA 8.6% | FL 46.2% GA 18.6% NC 15.4% | CA 15.9% TX 13.2% FL 10.9% | CA 16.1% TX 10.0% NY 5.8% | CA 24.2% TX 16.3% IL 3.9% | TX 14.4% FL 6.8% CA 6.7% | 424B5 |
| Enhancement beneath the AAA term notes | |||||||
| Enhancement, initial | 7.55%+4.80pp | 4.75% | 2.75% | 2.75% | 2.75% | 6.10% | calc |
| Enhancement, target | 8.05% | 5.65% | 2.75% | — | 3.60% | 6.10% | calc |
| Subordinate notes | 4.8%+2.3pp | 4.5% | 0.0% | 0.0% | 2.5% | 3.1% | calc |
| OC (initial) | 2.50% | 0.00% | 2.50% | 2.50% | 0.00% | 2.75% | 424B5 |
| OC target | 3.00% | 0.90% | 2.50% | — | 0.85% | 2.75% | 424B5 |
| OC floor | 3.00% | 0.50% | 2.50% | — | 0.85% | 2.75% | 424B5 |
| Reserve account | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% | 424B5 |
| YSOC | 8.12% | 6.76% | 5.31% | n.a. | 6.08% | 3.18% | 424B5 |
| Pricing | |||||||
| AAA spread | +38 bps+2bps A-3 · 2.4y | +43 bps A-3 · 2.6y | +39 bps A-3 · 2.4y | +36 bps A-3 · 2.4y | +35 bps A-3 · 2.5y | +31 bps A-3 · 2.4y | FWP |
| Terms | |||||||
| Tranches | 7 | 7 | 5 | 5 | 6 | 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.
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 (215 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.