| Class | Size ($MM) | % of Pool | Enhancement | WAL | Coupon | Spread | Legal Final | S&P | Fitch |
|---|---|---|---|---|---|---|---|---|---|
| Class A-1 | 319.0 | 18.7% | 7.55% | — | — | — | 2027-11-15 | A-1+ | F1+ |
| Class A-2-A | 260.6 | 15.3% | 7.55% | — | floating | — | 2029-11-15 | AAA | AAA |
| Class A-2-B | 260.6 | 15.3% | 7.55% | — | floating | — | 2029-11-15 | AAA | AAA |
| Class A-3 | 521.2 | 30.5% | 7.55% | — | — | — | 2031-08-15 | AAA | AAA |
| Class A-4 | 64.8 | 3.8% | 7.55% | — | — | — | 2033-04-15 | AAA | AAA |
| Class B | 27.7 | 1.6% | 5.75% | — | — | — | 2033-04-15 | AA+ | AA+ |
| Class C | 46.2 | 2.7% | 2.75% | — | — | — | 2034-02-15 | 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, BofA Securities, Scotia Capital, Societe Generale, U.S. Bancorp Investments |
| HART 2026-D | HART 2026-C | HART 2026-B | HART 2026-A | HART 2025-D | HART 2025-C | Source | |
|---|---|---|---|---|---|---|---|
| Collateral (pool at cut-off) | |||||||
| Closing date | — | 2026-09-23 | 2026-06-17 | 2026-02-18 | 2025-11-12 | 2025-09-17 | 424B5 |
| Pool balance | $1,706.5MM | $2,306.5MM | $2,408.5MM | $2,392.4MM | $2,171.9MM | $2,148.3MM | 424B5 |
| WA Credit Score | 775+1 | 774 | 774 | 775 | 773 | 772 | 424B5 |
| WA APR | 4.22%−1.14pp | 4.49% | 5.17% | 5.39% | 5.36% | 5.61% | 424B5 |
| WA original term mo | 66.4−0.8 | 65.9 mo | 65.8 mo | 67.2 mo | 67.9 mo | 67.9 mo | 424B5 |
| % new vehicles | 100.0% | 99.9% | 99.8% | 97.5% | 99.9% | 99.5% | 424B5 |
| Geo top-3 | TX 12.4% FL 9.4% CA 8.9% | 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% | 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 | 9.85% | 8.12% | 6.86% | 5.70% | 5.68% | 5.09% | 424B5 |
| Pricing | |||||||
| AAA spread | — | +38 bps 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 | 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-D | TAOT 2026-D | GMCAR 2026-4 | NAROT 2026-B | FCAOT 2026-C | WOART 2026-C | Source | |
|---|---|---|---|---|---|---|---|
| Collateral (pool at cut-off) | |||||||
| Closing date | — | 2026-10-15 | 2026-10-14 | 2026-09-30 | 2026-09-28 | 2026-08-26 | 424B5 |
| Pool balance | $1,706.5MM | $2,049.2MM | $1,073.3MM | $1,440.0MM | $1,663.6MM | $1,084.4MM | 424B5 |
| WA Credit Score | 775+3 | 772 | 773 | 784 | 753 | 758 | 424B5 |
| WA APR | 4.22%−0.91pp | 5.08% | 6.95% | 4.03% | 5.13% | 5.74% | 424B5 |
| WA original term mo | 66.4+0.3 | 65.7 mo | 13.0 mo | — | 66.5 mo | 69.0 mo | 424B5 |
| % new vehicles | 100.0% | 87.4% | 80.8% | 4.5% | 92.9% | 98.5% | 424B5 |
| Geo top-3 | TX 12.4% FL 9.4% CA 8.9% | CA 24.2% TX 15.9% IL 3.6% | TX 14.5% CA 7.0% FL 6.7% | FL 7.5% CA 6.4% GA 4.0% | TX 17.7% FL 8.9% CA 8.6% | FL 46.2% GA 18.6% NC 15.4% | 424B5 |
| Enhancement beneath the AAA term notes | |||||||
| Enhancement, initial | 7.55%+2.80pp | 2.75% | 6.10% | 4.25% | 5.25% | 4.75% | calc |
| Enhancement, target | 8.05% | 3.60% | 6.10% | 4.25% | 7.25% | 5.65% | calc |
| Subordinate notes | 4.8%+1.7pp | 2.5% | 3.1% | 3.0% | 5.0% | 4.5% | calc |
| OC (initial) | 2.50% | 0.00% | 2.75% | 1.00% | 0.00% | 0.00% | 424B5 |
| OC target | 3.00% | 0.85% | 2.75% | 1.00% | 2.00% | 0.90% | 424B5 |
| OC floor | 3.00% | 0.85% | 2.75% | 1.00% | 2.00% | 0.50% | 424B5 |
| Reserve account | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% | 424B5 |
| YSOC | 9.85% | 7.28% | 2.68% | 9.81% | 5.09% | 6.76% | 424B5 |
| Pricing | |||||||
| AAA spread | — | +46 bps A-3 · 2.5y | +47 bps A-3 · 2.4y | +38 bps A-3 · 2.3y | +37 bps A-3 · 2.3y | +43 bps A-3 · 2.6y | FWP |
| Terms | |||||||
| Tranches | 7 | 6 | 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.
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 (217 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.