Form 10-D Harley-Davidson Motorcyc For: Apr 30

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May 23, 2022 11:44 AM EDT

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 10-D

ASSET-BACKED ISSUER

DISTRIBUTION REPORT PURSUANT TO SECTION 13 OR 15(d) OF

THE SECURITIES EXCHANGE ACT OF 1934

For the monthly distribution period from

April 1, 2022 to April 30, 2022

Harley-Davidson Motorcycle Trust 2021-A

(Exact name of issuing entity as specified in its charter)

(Commission File Number: 333-230733-03)

(Central Index Key: 0001841508)

Harley-Davidson Customer Funding Corp.

(Exact name of depositor as specified in its charter)

(Commission File Number: 333-230733)

(Central Index Key: 0001114926)

Harley-Davidson Credit Corp.

(Exact name of sponsor specified in its charter)

(Central Index Key: 0001033232)

William S. Jue, General Counsel, (312) 368-9501

(Name and telephone number, including area code, of the person to contact in connection with this filing)

Delaware

(State of other jurisdiction of incorporation or organization of the issuing entity)

86-6361849

(I.R.S. Employer Identification No.)


c/o Wilmington Trust, National Association 1100 North Market Street Wilmington, Delaware						19890-1605
(Address of principal executive offices of the issuing entity)						(Zip Code)

(302) 636-6000 (Telephone number, including area code)

Registered/reporting pursuant to (check one)

Name of exchange (If Section 12(b))

Title of class

Section 12(b)

Section 12(g)

Section 15(d)

Class A-1 Notes

Class A-2 Notes

Class A-3 Notes

Class A-4 Notes

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes x No ¨

PART I – DISTRIBUTION INFORMATION

Item 1. Distribution and Pool Performance Information.

The attached Monthly Report contains the distribution and pool performance information for the distribution period commencing on April 1, 2022 and ending on April 30, 2022 and with respect to the motorcycle contracts which comprise the assets of Harley-Davidson Motorcycle Trust 2021-A.

Item 1A. Asset-Level Information.

The Asset Data File and Asset Related Document filed as Exhibit 102 and Exhibit 103, respectively, to the Form ABS-EE filed by the issuing entity, Harley-Davidson Motorcycle Trust 2021-A, on May 23, 2022 are hereby incorporated by reference into this Form 10-D.

Item 1121(c) of Regulation AB. Repurchases and Replacements.

There is no activity to report relating to the repurchase or replacement of underlying assets as required by Item 1121(c) of Regulation AB. The most recent Form ABS-15G relating thereto was filed on January 27, 2022 (Commission File Number: 025-00396) by Harley-Davidson Customer Funding Corp. (Commission File Number: 333-230733; CIK: 0001114926), as securitizer, with respect to all asset-backed securities sponsored thereby.

PART II – OTHER INFORMATION

Item 10. Exhibits.


Exhibit No.						Document
99.1						Harley-Davidson Motorcycle Trust 2021-A Monthly Report and Certificate of Servicing Officer
102						Asset Data File for the reporting period April 1, 2022 to April 3 0 , 2022 (Exhibit 102 to Form ABS-EE filed by Harley-Davidson Motorcycle Trust 2021-A with the SEC on May 23 , 2022 is incorporated by reference herein).
103						Asset Related Document for the reporting period April 1, 2022 to April 3 0 , 2022 (Exhibit 103 to Form ABS-EE filed by Harley-Davidson Motorcycle Trust 2021-A with the SEC on May 23 , 2022 is incorporated by reference herein).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

HARLEY-DAVIDSON MOTORCYCLE TRUST 2021-A

(Issuing entity)

By: Harley-Davidson Credit Corp.,

as Servicer

By: /s/ Susan Paskvan

Susan Paskvan, Vice President

and Chief Financial Officer

Date: May 23, 2022


			Harley-Davidson Motorcycle Trust 2021-A			Exhibit 99.1
			$82,000,000.00 0.13042% Motorcycle Contract Backed Notes, Class A-1
			$243,000,000.00 0.22% Motorcycle Contract Backed Notes, Class A-2
			$243,000,000.00 0.37% Motorcycle Contract Backed Notes, Class A-3
			$63,580,000.00 0.53% Motorcycle Contract Backed Notes, Class A-4
			Monthly Report
			For the May 16, 2022 Distribution Date

Capitalized terms are defined in the Sale and Servicing Agreement dated as of February 1, 2021, as filed with the Securities and Exchange Commission as Exhibit 10.2 to the Current Report on Form 8-K filed on February 18, 2021

Beginning of Due Period

04/01/2022

End of Due Period

04/30/2022

Determination Date

05/05/2022

Record Date

05/13/2022

Distribution Date

05/16/2022

LIBOR Determination Date

LIBOR as of the LIBOR Determination Date

Number of days in Interest Period (ACT/360 basis)

Number of days in Interest Period (30/360 basis)

Purchases

Number of
Contracts

Cut-Off
Date

Closing Date

Initial
Pool Balance

Initial Contracts

37,093

01/31/2021

02/18/2021

$663,098,029.08

Subsequent Contracts

N/A

Total

37,093

$663,098,029.08


I. POOL BALANCE CALCULATION


Aggregate Principal Balance at beginning of Due Period		$366,313,162.25

Monthly principal amounts
Principal collections on Contracts	17,151,707.36
Balance of Contracts liquidated during Due Period	304,853.58
Balance of Contracts purchased by Seller or Servicer during Due Period	—
Other adjustments	322.36

Decline in Aggregate Principal Balance		17,456,883.30

Aggregate Principal Balance at end of Due Period		$348,856,278.95
Pool factor		0.5261006


II. NOTE PRINCIPAL BALANCE CALCULATION


	Class A-1	Class A-2	Class A-3	Class A-4	Total
Original Note balance	$82,000,000.00	$243,000,000.00	$243,000,000.00	$63,580,000.00	$631,580,000.00

Note balance as of prior Distribution Date	—	28,236,005.87	243,000,000.00	63,580,000.00	334,816,005.87

Principal Distributable Amount *	—	17,456,883.30	—	—	17,456,883.30

Note balance at end of Due Period	-	10,779,122.57	243,000,000.00	63,580,000.00	317,359,122.57

Note Pool Factor at beginning of Due Period	0.0000000	0.1161976	1.0000000	1.0000000

Note Pool Factor at end of Due Period	0.0000000	0.0443585	1.0000000	1.0000000

* 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


Class	Note Balance at Beginning of Due Period	Note Interest Carryover Shortfall at Beginning of Due Period	Interest Rate		Days	Interest Accrual Basis	Note Monthly Interest Distributable Amount	Note Interest Carryover Shortfall at End of Due Period	Note Interest Distributable Amount


A-1	—	—	0.13042	%	31	ACT/360	—	—	—
A-2	28,236,005.87	—	0.22	%	30	30/360	5,176.60	—	5,176.60
A-3	243,000,000.00	-	0.37	%	30	30/360	74,925.00	-	74,925.00
A-4	63,580,000.00	-	0.53	%	30	30/360	28,081.17	-	28,081.17
Totals	$334,816,005.87	-					$108,182.77	-	$108,182.77


IV. CALCULATION OF AVAILABLE MONIES AND DISTRIBUTIONS


Available Monies:

Principal collections on Contracts during Due Period	$17,072,228.88
Interest collections on Contracts during Due Period	2,327,994.35
Net Liquidation Proceeds	238,590.48
Aggregate of Purchase Price for Contracts required to be purchased by Seller or Servicer	—
Advances made by Servicer	61,925.78
Amounts paid by Seller in connection with the optional repurchase of the Contracts	—
Investment Earnings - Collection Account	488.72

Total Available Monies		$19,701,228.21

Distribution of Available Monies in order of priority:

Reimbursement Amount for Advances previously made	70,049.19
Monthly Servicing Fee to the Servicer, including any unpaid Servicing Fees	305,260.97
Monthly Indenture Trustee Fee, including any unpaid Indenture Trustee Fees	—
Asset Representation Reviewer Fee	—
Note Interest Distributable Amount	108,182.77
Principal Distributable Amount	17,456,883.30

Total distribution of fees, interest and principal		17,940,376.23

Excess Amounts (Shortfall)		1,760,851.98

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	1,760,851.98

Total distribution of Available Monies		$19,701,228.21


V. ACCOUNT BALANCE INFORMATION



Specified Reserve Fund Balance (0.25% of Initial Pool Balance)				$1,657,745.07


Reserve Fund balance as of prior Distribution Date				$1,657,745.07

Additions to Reserve Fund:
	Additional deposit - Excess Amounts to Reserve Fund		—
	Investment earnings - Reserve Fund		51.53

	Total additions			51.53

Withdrawals from Reserve Fund:
	Amount withdrawn to cover Shortfall		—
	Excess Reserve Fund balance to Certificateholders		51.53

	Total withdrawals			51.53

Reserve Fund balance at current Distribution Date				$1,657,745.07

Calculation of Overcollateralization Target Amount:

		Overcollateralization Target Amount for current Distribution Date (4.75% of the Initial Pool Balance)		$31,497,156.38


	Amount	Percentage
Overcollateralization Amount at Cutoff Date	31,518,029.08	4.75%
Overcollateralization Target Amount for current Distribution Date	31,497,156.38	9.03%
Overcollateralization Amount at current Distribution Date	31,497,156.38	9.03%


VI. CONTRACT PERFORMANCE INFORMATION



	Number of months since Closing Date			15


Monthly losses		Number of Contracts	Amount	% of Principal Balance at beginning of Due Period

	Beginning of period Principal Balance of Contracts liquidated in the Due Period	20	$384,332.06	0.105%

	Less:
	Net Liquidation Proceeds for the Due Period	17	238,590.48	0.065%

	Net Liquidation Losses for the Due Period		145,741.58	0.040%

	Net Liquidation Loss ratio			0.477%


Average loss ratio	Net Liquidation Loss ratio - current Distribution Date			0.477%
	Net Liquidation Loss ratio - prior Distribution Date			1.027%
	Net Liquidation Loss ratio - second prior Distribution Date			0.330%
	Three-month average loss ratio			0.611%


		Number of Contracts	Amount	% of Initial Principal Balance
Cumulative losses
	Cumulative Liquidated Contracts	234	$4,576,488.23	0.690%
	Cumulative Net Liquidation Proceeds	150	2,236,162.38	0.337%
	Cumulative Net Liquidation Losses		2,340,325.85	0.353%

	Average net loss (amount of cumulative Net Liquidation Losses / number of cumulative Liquidated Contracts)		$10,001.39


Cumulative loss ratio	Cumulative loss ratio			0.353%


Delinquencies	Days Delinquent	Number of Contracts	Principal Balance	Delinquent Interest Amount	% of Principal Balance at Beginning of Due Period


	30 - 59	99	$1,679,767.49	$20,684.36	0.459%
	60 - 89	46	813,556.77	13,630.22	0.222%
	90 - 119	23	470,498.71	14,646.72	0.128%
	120+	18	277,858.10	12,964.48	0.076%
	Totals	186	$3,241,681.07	$61,925.78	0.885%

	60+ delinquency amount	87	$1,561,913.58		0.426%

Average 60+ day delinquency ratio	60+ day delinquency ratio - current Distribution Date				0.426%
	60+ day delinquency ratio - prior Distribution Date				0.372%
	60+ day delinquency ratio - second prior Distribution Date				0.488%
	Three-month average delinquency Ratio				0.429%

	Current 60+ day delinquency ratio meets or exceeds Delinquency Trigger (6.00%)? Yes or No				No


VII. ADDITIONAL CONTRACT INFORMATION


Contract Data	Beginning of Due Period		End of Due Period
Number of Contracts	25,290		24,456
Principal Balance of Contracts	366,313,162.25		348,856,278.95
Weighted average original term	72.49		72.57
Weighted average remaining term	50.76		49.87
Weighted average age	21.73		22.71
One month prepayments (ABS)	2.01%		1.89	%
Weighted average Contract Rate	7.48	%	7.50	%


Contract Rate	Principal Balance of Contracts		% of Principal Balance at End of Due Period
< 0.000%	-		0.00%
0.000% - 5.000%	84,608,200.95		24.25	%
5.001% - 10.000%	192,227,340.13		55.10	%
10.001% - 15.000%	72,020,737.87		20.64	%
15.001% - 20.000%	—		0.00%
> 20.000%	—		0.00%

Advances made by Servicer in current Due Period			$61,925.78
Reimbursement Amount due to Servicer			70,049.19
Number of Contracts purchased by Seller or Servicer			—
Principal Balance of Contracts purchased by Seller or Servicer			—
Purchase Price of Contracts purchased by Seller or Servicer			—


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

HARLEY-DAVIDSON CREDIT CORP.

CERTIFICATE OF SERVICING OFFICER

The undersigned certifies that she is the Vice President and Chief Financial Officer of Harley-Davidson Credit Corp., a Nevada corporation (the "Servicer"), and that as such she 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 February 1, 2021 by and among Harley-Davidson Customer Funding Corp., as Trust Depositor, the Servicer and Citibank, N.A., as Trustee of Harley-Davidson Motorcycle Trust 2021-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 April 1, 2022 to April 30, 2022 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 9th day of

May 2022.

HARLEY-DAVIDSON CREDIT CORP.

By: /s/ Susan Paskvan

Susan Paskvan, Vice President

and Chief Financial Officer

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