EX-99.1 2 a2020-a_servicerreport08x3.htm EX-99.1 Document

Harley-Davidson Motorcycle Trust 2020-AExhibit 99.1
$107,000,000.00 1.72625% Motorcycle Contract Backed Notes, Class A-1
$174,000,000.00 1.83% Motorcycle Contract Backed Notes, Class A-2a
$21,000,000.00 LIBOR + 0.15% Motorcycle Contract Backed Notes, Class A-2b
$195,000,000.00 1.87% Motorcycle Contract Backed Notes, Class A-3
$55,640,000.00 1.93% Motorcycle Contract Backed Notes, Class A-4
Monthly Report
For the September 15, 2023 Distribution Date

Capitalized terms are defined in the Sale and Servicing Agreement dated as of January 1, 2020, as filed with the Securities and Exchange Commission as Exhibit 10.2 to the Current Report on Form 8-K filed on January 29, 2020
Beginning of Due Period08/01/2023
End of Due Period08/31/2023
Determination Date09/07/2023
Record Date09/14/2023
Distribution Date09/15/2023
LIBOR Determination Date08/11/2023
LIBOR as of the LIBOR Determination Date5.42496 %
Number of days in Interest Period (ACT/360 basis)31 
Number of days in Interest Period (30/360 basis)30 

Purchases		Number of
Contracts		Cut-Off
Date
Closing Date		Initial
Pool Balance
Initial Contracts36,29312/31/201901/29/2020$580,198,692.86
Subsequent ContractsN/AN/AN/AN/A
Total36,293$580,198,692.86
 I. POOL BALANCE CALCULATION
Aggregate Principal Balance at beginning of Due Period$56,803,931.41 
Monthly principal amounts
Principal collections on Contracts4,264,068.72 
Balance of Contracts liquidated during Due Period
Balance of Contracts purchased by Seller or Servicer during Due Period
Other adjustments167.92 
Decline in Aggregate Principal Balance56,803,931.41 
Aggregate Principal Balance at end of Due Period$— 
Pool factor— 



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 II. NOTE PRINCIPAL BALANCE CALCULATION
Class A-1Class A-2aClass A-2bClass A-3Class A-4Total
Original Note balance$107,000,000.00$174,000,000.00$21,000,000.00$195,000,000.00$55,640,000.00$552,640,000.00
Note balance as of prior Distribution Date— — — — 29,244,493.50 29,244,493.50 
Principal Distributable Amount *— — — — 29,244,493.50 29,244,493.50 
Note balance at end of Due Period— — 0.00 0.00 0.00 — 
Note Pool Factor at beginning of Due Period0.0000000 0.0000000 0.0000000 0.0000000 0.5256020 
Note Pool Factor at end of Due Period0.0000000 0.0000000 0.0000000 0.0000000 0.0000000 
* Equals the aggregate Note balance as of prior Distribution Date minus (the Aggregate Principal Balance at end of Due Period less the Overcollateralization Target Amount)


 III. NOTE INTEREST DISTRIBUTABLE CALCULATION
ClassNote Balance at Beginning of Due PeriodNote Interest Carryover Shortfall at Beginning of Due PeriodInterest RateDaysInterest Accrual BasisNote Monthly Interest Distributable AmountNote Interest Carryover Shortfall at End of Due PeriodNote Interest Distributable Amount
A-1-— 1.72625 %31ACT/360— — — 
A-2a— — 1.83 %3030/360— — — 
A-2b— — 5.57496 %31ACT/360— — — 
A-3— — 1.87 %3030/360— — — 
A-429,244,493.50 — 1.93 %3030/36047,034.89 — 47,034.89 
Totals$29,244,493.50 — $47,034.89 — $47,034.89 

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 IV. CALCULATION OF AVAILABLE MONIES AND DISTRIBUTIONS
Available Monies:
Principal collections on Contracts during Due Period$4,264,068.72 
Interest collections on Contracts during Due Period386,471.73 
Net Liquidation Proceeds
Aggregate of Purchase Price for Contracts required to be purchased by Seller or Servicer— 
Advances made by Servicer
Amounts paid by Seller in connection with the optional repurchase of the Contracts
Investment Earnings - Collection Account21,591.31 
Total Available Monies
Distribution of Available Monies in order of priority:
Reimbursement Amount for Advances previously made17,498.38 
Monthly Servicing Fee to the Servicer, including any unpaid Servicing Fees47,336.61 
Monthly Indenture Trustee Fee, including any unpaid Indenture Trustee Fees200.00 
Asset Representation Reviewer Fee— 
Note Interest Distributable Amount47,034.89 
Principal Distributable Amount29,244,493.50 
Total distribution of fees, interest and principal29,356,563.38 
Excess Amounts (Shortfall)— 
Amount withdrawn from Reserve Fund to cover Shortfall— 
Excess Amounts to the Reserve Fund up to the Specified Reserve Fund Balance— 
Unpaid fees, expenses and amounts to the Indenture Trustee— 
Unpaid fees, expenses and amounts to the Asset Representation Reviewer— 
Excess Amounts to Certificateholders— 
Total distribution of Available Monies$29,356,563.38 
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 V. ACCOUNT BALANCE INFORMATION
Specified Reserve Fund Balance (0.25% of Initial Pool Balance)$— 
Reserve Fund balance as of prior Distribution Date$1,450,496.73 
Additions to Reserve Fund:
Additional deposit - Excess Amounts to Reserve Fund— 
Investment earnings - Reserve Fund6,238.74 
Total additions6,238.74 
Withdrawals from Reserve Fund:
Amount withdrawn to cover Shortfall— 
Excess Reserve Fund balance to Certificateholders1,456,735.47 
Total withdrawals1,456,735.47 
Reserve Fund balance at current Distribution Date$— 
Calculation of Overcollateralization Target Amount:
Overcollateralization Target Amount for current Distribution Date (4.75% of the Initial Pool Balance)27,558,692.86
AmountPercentage
Overcollateralization Amount at Cutoff Date27,558,692.864.75%
Overcollateralization Target Amount for current Distribution Date27,558,692.860.00%
Overcollateralization Amount at current Distribution Date—0.00%

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 VI. CONTRACT PERFORMANCE INFORMATION
Number of months since Closing Date44 
Monthly lossesNumber of ContractsAmount% of Principal Balance at beginning of Due Period
Beginning of period Principal Balance of Contracts liquidated in the Due Period00—%
Less:
Net Liquidation Proceeds for the Due Period—— —%
Net Liquidation Losses for the Due Period— —%
Net Liquidation Loss ratio—%
Average loss ratioNet Liquidation Loss ratio - current Distribution Date—%
Net Liquidation Loss ratio - prior Distribution Date0.539%
Net Liquidation Loss ratio - second prior Distribution Date 0.585%
     Three-month average loss ratio0.375%
Number of ContractsAmount% of Initial Principal Balance
Cumulative losses
Cumulative Liquidated Contracts527$8,198,118.99 1.413%
Cumulative Net Liquidation Proceeds3935,000,212.97 0.862%
Cumulative Net Liquidation Losses3,197,906.02 0.551%
Average net loss (amount of cumulative Net Liquidation Losses / number of cumulative Liquidated Contracts)$6,068.13 
Cumulative loss ratioCumulative loss ratio0.551%
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DelinquenciesDays DelinquentNumber of ContractsPrincipal BalanceDelinquent Interest Amount% of Principal Balance at Beginning of Due Period
30 - 59—$— $— —%
60 - 89—— — —%
90 - 119—— — —%
120+—— — —%
Totals—$— —%
60+ delinquency amount
Average 60+ day delinquency ratio60+ day delinquency ratio - current Distribution Date—%
60+ day delinquency ratio - prior Distribution Date0.679%
60+ day delinquency ratio - second prior Distribution Date0.494%
   Three-month average delinquency Ratio0.391%
Current 60+ day delinquency ratio meets or exceeds Delinquency Trigger (5.60%)? Yes or NoNo

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 VII. ADDITIONAL CONTRACT INFORMATION
Contract DataBeginning of Due PeriodEnd of Due Period
Number of Contracts8,790 — 
Principal Balance of Contracts56,803,931.41 — 
Weighted average original term76.81 — 
Weighted average remaining term25.26 — 
Weighted average age51.55 — 
One month prepayments (ABS)1.33 %— %
Weighted average Contract Rate8.04 %— %

Contract Rate		Principal Balance
of Contracts		% of Principal Balance at
End of Due Period
< 0.000%— — %
0.000% - 5.000%— — %
5.001% - 10.000%— — %
10.001% - 15.000%— — %
15.001% - 20.000%— — %
> 20.000%— — %
Advances made by Servicer in current Due Period$— 
Reimbursement Amount due to Servicer17,498.38 
Number of Contracts purchased by Seller or Servicer8,790 
Principal Balance of Contracts purchased by Seller or Servicer56,803,931.41 
Purchase Price of Contracts purchased by Seller or Servicer29,356,563.38 

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 VIII. OTHER INFORMATION FOR NOTEHOLDERS
1. Information regarding material changes to the definition or determination of delinquencies, charge-offs and uncollectible accounts:
     
       
None
2. Information regarding any material modifications, extensions or waivers to contract terms, fees, penalties or payments during the distribution period or that have cumulatively become material
     
       
 over time:
     
       
None


3. Information regarding material breaches of contract representations or warranties or transaction covenants:
     
    
None
4. Information regarding any new issuance of asset-backed securities backed by the same contracts:
     
None
5. Information regarding any contract changes (other than in connection with a contract converting into cash in accordance with its terms), such as additions or removals in connection with a
    prefunding period, including any material changes in the solicitation, credit-granting, underwriting, origination, acquisition or pool selection criteria or procedures, as applicable, used to
    originate, acquire or select the new pool of contracts:
Not applicable
6. During the pre-funding period, if applicable, information regarding originators, pool contracts or significant obligors pursuant to Item 1121(b) of Regulation AB:
Not applicable
7. Information regarding material changes to derivatives used within the transaction structure, including the counterparty, the operation and material terms of the derivatives instruments:
Not applicable

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HARLEY-DAVIDSON CREDIT CORP.

CERTIFICATE OF SERVICING OFFICER


The undersigned certifies that he is the Vice President and Treasurer of Harley-Davidson Credit Corp., a Nevada corporation (the "Servicer"), and that as such he is duly authorized to execute and deliver this certificate on behalf of the Servicer pursuant to Section 9.02 of the Sale and Servicing Agreement (the "Agreement") dated as of January 1, 2020 by and among Harley-Davidson Customer Funding Corp., as Trust Depositor, the Servicer and The Bank Of New York Mellon Trust Company, N.A., as Trustee of Harley-Davidson Motorcycle Trust 2020-A (all capitalized terms used herein without definition having the respective meanings specified in the Agreement), and further certifies that:


1. The Monthly Report for the period from August 1, 2023 to August 31, 2023 attached to this certificate is complete and accurate in accordance with the requirements of Sections 9.01 and 9.02 of the Agreement; and

2. As of the date hereof, no Event of Termination event that with notice or lapse of time or both would become an Event of Termination has occurred.

IN WITNESS WHEREOF, I have affixed hereunto my signature this 7th day of September 2023.

HARLEY-DAVIDSON CREDIT CORP.


By: /s/ David Viney
                        Name:    David Viney
Title:    Vice President and Treasurer

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