10-D

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, 2011 to April 30, 2011

Commission File Number of issuing entity: 333-168518-01

HYUNDAI AUTO RECEIVABLES TRUST 2011-A

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

Commission File Number of depositor:  333-168518

HYUNDAI ABS FUNDING CORPORATION

(Exact name of depositor as specified in its charter)

HYUNDAI CAPITAL AMERICA

(Exact name of sponsor as specified in its charter)

Delaware

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

33-0978453

(I.R.S. Employer Identification No. of the depositor)

3161 MICHELSON DRIVE, SUITE 1900

IRVINE, CALIFORNIA 92612

(Address of principal executive offices of the issuing entity)

(714) 594-1579

(Telephone number, including area code)

N/A

(Former name, former address, if changed since last report)

Registered/reporting pursuant to (check one)

Title of class	Section 12(b)	Section 12(g)	Section 15(d)	Name of Exchange (If Section 12(b))
Asset Backed Notes, Class A-1	[      ]	[      ]	[  X ]
Asset Backed Notes, Class A-2	[      ]	[      ]	[  X ]
Asset Backed Notes, Class A-3	[      ]	[      ]	[  X ]
Asset Backed Notes, Class A-4	[      ]	[      ]	[  X ]
Asset Backed Notes, Class B	[      ]	[      ]	[  X ]
Asset Backed Notes, Class C	[      ]	[      ]	[  X ]

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  þ  No ¨

PART I – DISTRIBUTION INFORMATION

Item 1. Distribution and Pool Performance Information.

Distribution and pool performance information with respect to the receivables that comprise the assets of Hyundai Auto Receivables Trust 2011-A are set forth in the Monthly Servicer’s Report attached as Exhibit 99.1.

PART II – OTHER INFORMATION

Item 9. Exhibits.

99.1 Monthly Servicer’s Report.

2

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.

Dated:  May 17, 2011 HYUNDAI ABS FUNDING CORPORATION
(Depositor)

By:       /s/ Min Sok Randy Park                         

Name: Min Sok Randy Park

Title:   Vice President and Secretary

S-1

EXHIBIT INDEX

Exhibit Number	Description
99.1	Monthly Servicer’s Report for the period from April 1, 2011 to April 30, 2011.

EX-99.1

Hyundai Auto Receivables Trust 2011-A
Monthly Servicing Report
Collection Period	April 2011
Distribution Date	05/16/11
Transaction Month	3
30/360 Days	30
Actual/360 Days	31

I.  ORIGINAL DEAL PARAMETERS

Cut off Date:		January 1, 2011
Closing Date:		January 27, 2011
		Dollars		Units			WAC			WARM
Original Pool Balance:		$	982,362,180.37		64,626			4.74	%		58.35
Original Adj. Pool Balance:		$	945,358,024.43
		Dollar Amount		% of Pool			Note Rate					Final Payment Date
Class A-1 Notes	Fixed	$	228,000,000.00		23.209	%		0.31830	%			February 15, 2012
Class A-2 Notes	Fixed	$	263,000,000.00		26.772	%		0.69000	%			November 15, 2013
Class A-3 Notes	Fixed	$	247,000,000.00		25.143	%		1.16000	%			April 15, 2015
Class A-4 Notes	Fixed	$	116,600,000.00		11.869	%		1.78000	%			December 15, 2015
Class B Notes	Fixed	$	34,030,000.00		3.464	%		2.45000	%			April 15, 2016
Class C Notes	Fixed	$	32,150,000.00		3.273	%		3.00000	%			June 15, 2017
Total Securities		$	920,780,000.00		93.731	%
Overcollateralization		$	24,578,024.43		2.502	%
YSOA		$	37,004,155.94		3.767	%
Total Original Pool Balance		$	982,362,180.37		100.00	%

II.  POOL BALANCE AND PORTFOLIO INFORMATION

	Beginning of Period					Ending of Period					Change
	Balance			Pool Factor		Balance			Pool Factor
Class A-1 Notes	$	134,453,424.91			0.5897080	$	107,538,199.15			0.4716588	$	26,915,225.77
Class A-2 Notes	$	263,000,000.00			1.0000000	$	263,000,000.00			1.0000000	$	-
Class A-3 Notes	$	247,000,000.00			1.0000000	$	247,000,000.00			1.0000000	$	-
Class A-4 Notes	$	116,600,000.00			1.0000000	$	116,600,000.00			1.0000000	$	-
Class B Notes	$	34,030,000.00			1.0000000	$	34,030,000.00			1.0000000	$	-
Class C Notes	$	32,150,000.00			1.0000000	$	32,150,000.00			1.0000000	$	-
Total Securities	$	827,233,424.91			0.8984051	$	800,318,199.15			0.8691742	$	26,915,225.77
Weighted Avg. Coupon (WAC)		4.72	%				4.71	%
Weighted Avg. Remaining Maturity (WARM)		56.02					55.25
Pool Receivables Balance	$	894,228,803.33				$	866,153,061.80
Remaining Number of Receivables		61,631					60,618
Adjusted Pool Balance	$	860,793,634.78				$	833,878,409.01

III.  COLLECTIONS

Principal:
Principal Collections	$	27,446,747.72
Repurchased Contract Proceeds Related to Principal	$	-
Recoveries/Liquidation Proceeds	$	343,205.25
Total Principal Collections	$	27,789,952.97
Interest:
Interest Collections	$	3,485,108.68
Late Fees & Other Charges	$	33,833.01
Interest on Repurchase Principal	$	-
Total Interest Collections	$	3,518,941.69
Collection Account Interest	$	4,112.16
Reserve Account Interest	$	696.58
Servicer Advances	$	-
Total Collections	$	31,313,703.40

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Hyundai Auto Receivables Trust 2011-A
Monthly Servicing Report
Collection Period	April 2011
Distribution Date	05/16/11
Transaction Month	3
30/360 Days	30
Actual/360 Days	31

IV.  DISTRIBUTIONS

Total Collections								$	31,313,703.40
Reserve Account Available								$	4,726,790.12
Total Available for Distribution								$	36,040,493.52
			Amount Due		Interest Pymt Due but unpaid from prior periods	Amount Paid
1. Servicing Fee @1.00%:
Servicing Fee Due	1.00	%	$	745,190.67		$	745,190.67	$	745,190.67
Collection Account Interest								$	4,112.16
Late Fees & Other Charges								$	33,833.01
Total due to Servicer								$	783,135.84
2. Class A Noteholders Interest:
Class A-1 Notes			$	36,852.56		$	36,852.56
Class A-2 Notes			$	151,225.00		$	151,225.00
Class A-3 Notes			$	238,766.67		$	238,766.67
Class A-4 Notes			$	172,956.67		$	172,956.67
Total Class A interest:			$	599,800.90		$	599,800.90	$	599,800.90
3. First Priority Principal Distribution:			$	-		$	-	$	-
4. Class B Noteholders Interest:			$	69,477.92		$	69,477.92	$	69,477.92
5. Second Priority Principal Distribution:			$	-		$	-	$	-
6. Class C Noteholders Interest:			$	80,375.00		$	80,375.00	$	80,375.00
Available Funds Remaining:								$	29,780,913.74
7. Regular Principal Distribution Amount:								$	26,915,225.77
			Distributable Amount			Paid Amount
Class A-1 Notes						$	26,915,225.77
Class A-2 Notes						$	-
Class A-3 Notes						$	-
Class A-4 Notes						$	-
Class A Notes Total:			$	26,915,225.77		$	26,915,225.77
Class B Notes Total:			$	-		$	-
Class C Notes Total:			$	-		$	-
Total Noteholders Principal						$	26,915,225.77
8. Available Amounts Remaining to Reserve Account									2,865,687.97
9.  Trustee Expenses									0.00
10. Remaining Available Collections Released to Certificateholder									2,865,687.97

V.  YIELD SUPPLEMENT OVERCOLLATERALIZATION AMOUNT (YSOA)

Beginning Period Required Amount	$	33,435,168.55
Beginning Period Amount	$	33,435,168.55
Current Period Amortization	$	1,160,515.76
Ending Period Required Amount	$	32,274,652.79
Ending Period Amount	$	32,274,652.79
Next Distribution Date Amount	$	31,135,218.61

VI.  RESERVE ACCOUNT

Reserve Percentage of Initial Adjusted Pool Balance		0.50	%
Beginning Period Required Amount	$	4,726,790.12
Beginning Period Amount	$	4,726,790.12
Current Period Release to Collection Account	$	-
Current Period Deposit	$	2,865,687.97
Current Period Release to Depositor	$	2,865,687.97
Ending Period Required Amount (0.5% of APB of cut-off date)	$	4,726,790.12
Ending Period Amount	$	4,726,790.12

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Hyundai Auto Receivables Trust 2011-A
Monthly Servicing Report
Collection Period	April 2011
Distribution Date	05/16/11
Transaction Month	3
30/360 Days	30
Actual/360 Days	31

VII.  OVERCOLLATERALIZATION

Overcollateralization Target	3.55	%
Overcollateralization Floor	3.55	%
			Beginning			Ending			Target
Overcollateralization Amount			$	33,560,209.87		$	33,560,209.87		$	33,560,209.87
Overcollateralization as a % of Original Adjusted Pool				3.55	%		3.55	%		3.55	%
Overcollateralization as a % of Current Adjusted Pool				3.90	%		4.02	%		4.02	%

VIII.  DELINQUENCY AND NET LOSS ACTIVITY

	Units Percent			Units		Dollars Percent			Dollar Amount
Current		99.33	%		60,214		99.44	%	$	861,265,570.93
30 - 60 Days		0.57	%		346		0.47	%	$	4,065,321.84
61 - 90 Days		0.08	%		48		0.08	%	$	682,682.90
91 + Days		0.02	%		10		0.02	%	$	139,486.13
					60,618				$	866,153,061.80
Total
Delinquent Receivables 61 + days past due		0.10	%		58		0.09	%	$	822,169.03
Delinquency Ratio 61+ for 1st Preceding Collection Period		0.07	%		46		0.07	%	$	638,204.57
Delinquency Ratio 61+ for 2nd Preceding Collection Period		0.06	%		35		0.05	%	$	458,985.54
Three-Month Average Delinquency Ratio		0.08	%				0.07	%
Repossession in Current Period					20				$	297,087.92
Repossession Inventory					22				$	195,515.82
Charge-Offs
Gross Principal of Charge-Off for Current Period									$	628,993.81
Recoveries									$	(343,205.25	)
Net Charge-offs for Current Period									$	285,788.56
Beginning Pool Balance for Current Period									$	894,228,803.33
Net Loss Ratio										0.38	%
Net Loss Ratio for 1st Preceding Collection Period										0.11	%
Net Loss Ratio for 2nd Preceding Collection Period										0.10	%
Three-Month Average Net Loss Ratio for Current Period										0.20	%
Cumulative Net Losses for All Periods									$	453,765.57
Cumulative Net Losses as a % of Initial Pool Balance										0.05	%
Principal Balance of Extensions									$	1,752,138.66
Number of Extensions										109

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