| Class | Size ($MM) | % of Pool | Sub % | CPN / Spread | WAL | Legal Final | S&P | Fitch |
|---|---|---|---|---|---|---|---|---|
| Class A-1 | 143.0 | 12.5% | 87.5% | 3.83% fxd | 0.17 | 2027-03-15 | A-1+ | F1+ |
| Class A-2a | 275.0 | 24.1% | 63.4% | 4.02% fxd | 1.06 | 2028-12-15 | AAA | AAA |
| Class A-2b | 139.0 | 12.2% | 51.3% | +43 bps SOFR | 1.06 | 2028-12-15 | AAA | AAA |
| Class A-3 | 414.0 | 36.2% | 15.1% | 4.14% fxd | 2.17 | 2029-05-15 | AAA | AAA |
| Class A-4 | 65.0 | 5.7% | 9.4% | 4.23% fxd | 2.49 | 2030-04-15 | AAA | AAA |
| Class B | 63.2 | 5.5% | 3.9% | 4.43% fxd | 2.58 | 2030-04-15 | AA | AA |
| Class C | 44.2 | 3.9% | 0.0% | 4.52% fxd | 2.65 | 2031-09-15 | A | A |
| Sponsor | World Omni Financial Corp |
|---|---|
| Servicer | World Omni Financial Corp |
| Depositor / Transferor | World Omni Financial Corp |
| Indenture Trustee | as pledgee |
| Owner Trustee | U.S. Bank Trust National |
| Asset Rep. Reviewer | Clayton Fixed Income Services LLC |
| Underwriters | Wells Fargo Securities, BofA Securities, TD Securities, MUFG Securities Americas |
| WOALT 2026-A | WOALT 2025-A | WOALT 2024-A | WOALT 2023-A | WOALT 2022-A | WOALT 2021-A | |
|---|---|---|---|---|---|---|
| Collateral (pool at cut-off) | ||||||
| Closing date | 2026-03-25 | 2025-03-12 | 2024-04-17 | 2023-05-24 | 2022-04-13 | 2021-07-21 |
| Pool balance | — | — | — | — | — | — |
| WA Lessee Credit Score | 741−4 | 742 | 747 | 749 | 745 | 743 |
| WA original term mo | 37.7+0.2 | 37.4 mo | 38.3 mo | 38.8 mo | 36.8 mo | 37.5 mo |
| WA Residual % MSRP | 58.4% | 56.6% | 54.5% | 59.2% | 63.4% | 62.2% |
| ALG-marked residuals | — | — | — | — | — | — |
| WA Securitization Value | — | — | $991,177,615 | $116,015 | — | — |
| Top-3 model concentration | — | — | — | — | — | — |
| Geo top-3 | FL 64.9% NC 12.7% GA 8.7% | FL 63.0% NC 14.6% GA 7.9% | FL 62.5% NC 15.7% GA 7.7% | FL 63.3% NC 15.9% SC 8.2% | FL 66.8% NC 14.9% SC 6.7% | FL 65.9% NC 14.7% SC 7.3% |
| Structure (at issuance) | ||||||
| AAA spread | +43 bps0bps | +39 bps | +43 bps | +76 bps | +43 bps | +4 bps |
| AAA % of pool | 78.1%−5.3pp | 79.1% | 81.8% | 84.7% | 83.4% | 83.8% |
| Initial OC | — | — | — | — | — | — |
| Target OC | — | — | — | — | — | — |
| Subordination below AAA | 9.4%+5.0pp | 6.4% | 5.4% | 4.4% | 4.4% | 4.4% |
| Total Hard CE (Initial) | — | — | — | — | — | — |
| Total Hard CE (Target) | — | — | — | — | — | — |
| Discount rate | — | — | — | — | — | — |
| Tranches | 7 | 6 | 6 | 6 | 5 | 5 |
| WOALT 2026-A | VWALT 2026-A | NALT 2026-A | GMALT 2026-1 | FCALT 2026-A | MBALT 2026-A | |
|---|---|---|---|---|---|---|
| Collateral (pool at cut-off) | ||||||
| Closing date | 2026-03-25 | 2026-03-24 | 2026-02-26 | 2026-02-12 | 2026-01-26 | 2026-01-21 |
| Pool balance | — | $1,994.2MM | $1,299.5MM | $1,235.3MM | $2,068.3MM | $1,379.3MM |
| WA Lessee Credit Score | 741−33 | 774 | 759 | 781 | 763 | 786 |
| WA original term mo | 37.7+1.3 | — | 36.0 mo | 35.0 mo | 36.8 mo | 40.2 mo |
| WA Residual % MSRP | 58.4% | 47.3% | 52.9% | 64.7% | 63.7% | 43.9% |
| ALG-marked residuals | — | 97.4% | 99.8% | 92.7% | 86.8% | 95.9% |
| WA Securitization Value | — | $33,479 | $30,043 | $37,340 | $993,604,775 | $52,634 |
| Top-3 model concentration | — | 48.3% | 42.2% | 36.2% | 55.8% | 20.1% |
| Geo top-3 | FL 64.9% NC 12.7% GA 8.7% | CA 19.6% FL 14.3% NY 11.8% | NY 16.7% NJ 15.5% FL 11.2% | MI 27.5% NY 13.2% FL 9.1% | MI 30.9% NY 10.2% CA 8.9% | CA 29.2% FL 14.0% NY 11.8% |
| Structure (at issuance) | ||||||
| AAA spread | +43 bps+3bps | +47 bps | +45 bps | — | +34 bps | +35 bps |
| AAA % of pool | 78.1%+5.9pp | 72.4% | 79.9% | 62.0% | 52.7% | 72.2% |
| Initial OC | — | 14.25% | 12.10% | 10.00% | 7.00% | 13.00% |
| Target OC | — | 17.75% | — | 10.50% | 9.00% | 14.50% |
| Subordination below AAA | 9.4%+1.7pp | 0.0% | 7.7% | 7.7% | 9.7% | 0.0% |
| Total Hard CE (Initial) | — | 14.50% | 20.52% | 19.12% | 22.67% | 13.25% |
| Total Hard CE (Target) | — | 18.00% | — | 19.62% | 24.67% | 14.75% |
| Discount rate | — | 9.95% | 10.00% | 8.75% | 8.90% | 10.40% |
| Tranches | 7 | 5 | 7 | 6 | 8 | 5 |
Anchor expectations in empirical base rates from the sponsor's prior series and FICO-tier peer set.
| Latest CRR | 78.85% |
|---|---|
| Realized G/L (% of scheduled) | -21.15% |
| Returned vehicles to date | 54 |
CRR = realized residual ÷ scheduled residual on returned vehicles. >100% = pool recovered above booked residuals.