Document

0001163321-21-000014.txt : 20210615 0001163321-21-000014.hdr.sgml : 20210615 20210615101806 ACCESSION NUMBER: 0001163321-21-000014 CONFORMED SUBMISSION TYPE: 10-D PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20210531 0001162387 0001514949 FILED AS OF DATE: 20210615 DATE AS OF CHANGE: 20210615 ABS ASSET CLASS: Credit card FILER: COMPANY DATA: COMPANY CONFORMED NAME: CAPITAL ONE MULTI ASSET EXECUTION TRUST CENTRAL INDEX KEY: 0001163321 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-D SEC ACT: 1934 Act SEC FILE NUMBER: 333-75276 FILM NUMBER: 211017148 BUSINESS ADDRESS: STREET 1: BANKERS TRUST DELAWARE STREET 2: E A DELLE DONNE CORP CTR 1011 CENTRE RD CITY: WILMINGTON STATE: DE ZIP: 19805-1266 BUSINESS PHONE: 3026363382 MAIL ADDRESS: STREET 1: BANKERS TRUST DELAWARE STREET 2: E A DELLE DONNE CORP CTR 1011 CENTRE RD CITY: WILMINGTON STATE: DE ZIP: 19805-1266 FORMER COMPANY: FORMER CONFORMED NAME: CAPITAL ONE MULTIPLE ISSUANCE TRUST DATE OF NAME CHANGE: 20011207 FORMER COMPANY: FORMER CONFORMED NAME: CAPITAL ONE UNIVERSAL NOTE TRUST DATE OF NAME CHANGE: 20011206 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CAPITAL ONE MASTER TRUST CENTRAL INDEX KEY: 0000922869 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 541719855 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-D SEC ACT: 1934 Act SEC FILE NUMBER: 000-25762 FILM NUMBER: 211017149 BUSINESS ADDRESS: STREET 1: 11013 W BROAD ST RD CITY: GLEN ALLEN STATE: VA ZIP: 23060 BUSINESS PHONE: 8049671000 MAIL ADDRESS: STREET 1: 11013 WEST BROAD ST RD CITY: GLEN ALLEN STATE: VA ZIP: 23060 FORMER COMPANY: FORMER CONFORMED NAME: SIGNET MASTER TRUST DATE OF NAME CHANGE: 19940509 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CAPITAL ONE FUNDING, LLC CENTRAL INDEX KEY: 0001162387 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: 10-D SEC ACT: 1934 Act SEC FILE NUMBER: 333-75276-01 FILM NUMBER: 211017150 BUSINESS ADDRESS: STREET 1: 140 EAST SHORE DRIVE STREET 2: ROOM 1071-B CITY: GLEN ALLEN STATE: VA ZIP: 23059 BUSINESS PHONE: 8042906959 MAIL ADDRESS: STREET 1: 140 EAST SHORE DRIVE STREET 2: ROOM 1071-B CITY: GLEN ALLEN STATE: VA ZIP: 23059 FORMER COMPANY: FORMER CONFORMED NAME: CAPITAL ONE FUNDING LLC DATE OF NAME CHANGE: 20011116 10-D 1 form10-dmay2021.htm COMET 10-D MAY 2021 Document

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 reporting period from

May 1, 2021 through May 31, 2021


Commission File Number of issuing entity: 333-75276 Central Index Key Number of issuing entity: 0001163321 CAPITAL ONE MULTI-ASSET EXECUTION TRUST (Exact name of issuing entity as specified in its charter) (Issuing entity in respect of the Notes)			Commission File Number of issuing entity: 000-25762 Central Index Key Number of issuing entity: 0000922869 CAPITAL ONE MASTER TRUST (Exact name of issuing entity as specified in its charter) (Issuing entity in respect of the COMT Collateral Certificate)

Commission File Number of depositor: 333-75276-01

Central Index Key Number of depositor: 0001162387

CAPITAL ONE FUNDING, LLC

(Exact name of depositor as specified in its charter)

Central Index Key Number of sponsor: 0001514949

CAPITAL ONE BANK (USA), NATIONAL

ASSOCIATION

(Exact name of sponsor as specified in its charter)

Eric Bauder

Senior Director, Capital Markets

703-720-3148


Delaware (State or other jurisdiction of incorporation or organization of the issuing entity)						New York (State or other jurisdiction of incorporation or organization of the issuing entity)
c/o Capital One Funding, LLC 1600 Capital One Drive Room 27907A McLean, VA 22102 (Address of principal executive offices of issuing entity)						c/o Capital One Funding, LLC 1600 Capital One Drive Room 27907A McLean, VA 22102 (Address of principal executive offices of issuing entity)

804-284-2500 (Telephone number, including area code)						804-284-2500 (Telephone number, including area code)

Not Applicable (I.R.S. Employer Identification No.)						Not Applicable (I.R.S. Employer Identification No.)

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

Each class of Notes to which this report on Form 10-D relates is subject to the reporting requirements of Section 15(d) of the Securities Exchange Act of 1934. The title of each class of Notes to which this report on Form 10-D relates is set forth in Exhibit 99.2 hereto.

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

Response to Item 1 is set forth in Exhibits 99.1 and 99.2.

ITEM 10 - Exhibits

Exhibit 99.1 Monthly Series 2002-CC Certificateholders’ Statement

Exhibit 99.2 Card Series Schedule to Monthly Noteholders’ Statement

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: June 15, 2021


CAPITAL ONE MULTI-ASSET EXECUTION TRUST
			(Issuing Entity)

CAPITAL ONE MASTER TRUST
			(Issuing Entity)

By:			CAPITAL ONE BANK (USA), NATIONAL ASSOCIATION
(Servicer)

By:			/s/ Jeremy Potts
Name:			Jeremy Potts
Title:			Vice President, Assistant Controller

EX-99.1 2 exhibit9912002-ccmay2021.htm COMET EXHIBIT 99.1 MAY 2021 Document

Exhibit 99.1

MONTHLY STATEMENT

Capital One Master Trust

SERIES 2002-CC

Under the Amended and Restated Pooling and Servicing Agreement dated as of September 30, 1993, as amended and restated as of August 1, 2002, January 13, 2006, July 1, 2007, and March 17, 2016, and as further amended by the First Amendment thereto dated as of January 27, 2017 (as so amended, the “Agreement”), among Capital One Bank (USA), National Association, as Servicer, Capital One Funding, LLC (“Funding”), as Transferor, and The Bank of New York Mellon, as Trustee (the “Trustee”), Capital One Bank (USA), National Association as Servicer is required to prepare certain information each month regarding current distributions to Certificateholders and the performance of the Capital One Master Trust (the “Trust”) during the previous month. The information which is required to be prepared with respect to the Distribution Date of June 15, 2021, and with respect to the performance of the Trust during the month of May 2021 is set forth below. The current Distribution Date is June 15, 2021. Certain other information is presented based on the aggregate amounts for the Trust as a whole.

Material terms, parties and related abbreviations used herein may be found in the following documents as filed with the Securities and Exchange Commission (“SEC”).


Amended and Restated Series 2002-CC Supplement to the Amended and Restated Pooling and Servicing Agreement dated as of October 9, 2002, as amended and restated as of March 17, 2016, relating to the COMT Collateral Certificate.						Included in Exhibit 4.3 to Funding’s Form 8-K filed with the SEC on March 17, 2016.

Amended and Restated Pooling and Servicing Agreement dated as of September 30, 1993, as amended and restated as of August 1, 2002, January 13, 2006, July 1, 2007 and March 17, 2016.						Included in Exhibit 4.2 to Funding’s Form 8-K filed with the SEC on March 17, 2016.

First Amendment to Amended and Restated Pooling and Servicing Agreement dated as of January 27, 2017.						Included in Exhibit 4.1 to Funding’s Form 8-K filed with the SEC on January 27, 2017.


A)	CAPITAL ONE MASTER TRUST (RECEIVABLES)
	MONTHLY PERIOD: May 2021
		ACCOUNTS (a)
1)	Beginning of the Month Principal Receivables		$	19,959,846,436.58
2)	Beginning of the Month Finance Charge Receivables		$	276,380,254.35
3)	Beginning of the Month AMF Receivables		$	8,009,540.97
4)	Beginning of the Month Discounted Receivables		$	0.00
5)	Beginning of the Month Total Receivables	11,022,723	$	20,244,236,231.90
6)	Removed Principal Receivables		$	0.00
7)	Removed Finance Charge Receivables		$	0.00
8)	Removed AMF Receivables		$	0.00
9)	Removed Total Receivables		$	0.00
10)	Additional Principal Receivables		$	0.00
11)	Additional Finance Charge Receivables		$	0.00
12)	Additional AMF Receivables		$	0.00
13)	Additional Total Receivables	0	$	0.00
14)	Discounted Receivables Generated this Period		$	0.00
15)	End of the Month Principal Receivables		$	20,624,554,064.73
16)	End of the Month Finance Charge Receivables		$	276,367,130.69
17)	End of the Month AMF Receivables		$	8,635,206.43
18)	End of the Month Discounted Receivables		$	0.00
19)	End of the Month Total Receivables	10,988,455	$	20,909,556,401.85
20)	Beginning of the Month Excess Funding Account Balance		$	0.00
21)	Adjusted Invested Amount of all Master Trust Series		$	11,314,435,291.84
22)	End of the Month Transferor Interest		$	9,310,118,772.89
23)	End of the Month Transferor Percentage (b)		45.14		%
24)	End of the Month Regulation RR Transferor Percentage (c)		82.29		%


(a)			Accounts include accounts which have a credit balance and accounts which have no balance because receivables may be generated with respect to such accounts in the future. Accounts do not include certain charged-off accounts with zero balances. Beginning in November 2009, Accounts, as defined herein, also include accounts which are closed, but still have a balance. Such accounts were omitted from reporting prior to this time. All other items have been and are still appropriately reflecting closed accounts with a balance.
(b)			Calculated as End of Month Transferor Interest (line 22) divided by End of the Month Principal Receivables (line 15). Capital One Bank (USA), National Association, as “originator” for the purposes of the EU risk retention rules, currently retains a material net economic interest that is not less than five percent of the nominal value of the securitized exposure, which interest is not subject to any credit risk mitigation, short position or other hedge, except to the extent permitted by the EU risk retention rules.
(c)			Calculated as End of Month Transferor Interest (line 22) divided by the aggregate unpaid principal balance of the outstanding notes issued by COMET (including notes held for the life of such notes by Capital One Bank (USA), National Association or its wholly-owned affiliates). Capital One Bank (USA), National Association, as sponsor, currently complies with the U.S. risk retention rules through retention by Capital One Funding of a “seller’s interest,” in the form of the Transferor Interest.


B)	CAPITAL ONE MASTER TRUST (DELINQUENCIES AND LOSSES)
	MONTHLY PERIOD: May 2021
		ACCOUNTS	RECEIVABLES
1)	End of the Month Delinquencies:
2)	30 - 59 Days Delinquent	16,962	$	51,370,059.23
3)	60 - 89 Days Delinquent	10,511	$	38,094,512.52
4)	90 - 119 Days Delinquent	10,205	$	38,903,581.61
5)	120 - 149 Days Delinquent	7,876	$	36,773,285.64
6)	150 + Days Delinquent	8,179	$	40,546,085.73
7)	Total 30+ Days Delinquent	53,733	$	205,687,524.73
8)	Delinquencies 30 + Days as a Percent of End of the Month Total Receivables		0.98		%
9)	Total 60+ Days Delinquent	36,771	$	154,317,465.50


10)	Delinquencies 60 + Days as a Percent of End of the Month Total Receivables		0.74		%
11)	Defaulted Accounts during the Month	12,586	$	46,684,172.07
12)	Annualized Default Rate as a Percent of Adjusted Beginning of the Month Principal Receivables which includes Additional Principal Receivables		2.81		%
13)	Recoveries of Charged-Off Accounts during the Month		$	20,499,101.51
14)	Annualized Recoveries as a Percent of Adjusted Beginning of the Month Principal Receivables which includes Additional Principal Receivables		1.23		%
15)	Defaulted Accounts, net of Recoveries, during the Month		$	26,185,070.56
16)	Annualized Net Default Rate as a Percent of Adjusted Beginning of Month Principal Receivables which includes Additional Principal Receivables (d)		1.57		%


C)	CAPITAL ONE MASTER TRUST (COLLECTIONS)
	MONTHLY PERIOD: May 2021		COLLECTIONS		PERCENTAGES
1)	Total Collections and Gross Payment Rate as a Percent of Adjusted Beginning of Month Total Receivables which includes Additional Total Receivables		$	9,703,461,056.41	47.93	%
2)	Collections of Principal Receivables and Principal Payment Rate as a Percent of Adjusted Beginning of the Month Principal Receivables which includes Additional Principal Receivables		$	9,262,858,317.90	46.41	%
	3)	Prior Month Billed Finance Charges and Fees	$	194,823,441.03
	4)	Amortized AMF Income	$	10,456,105.07
	5)	Interchange Collected	$	214,734,697.58
	6)	Recoveries of Charged Off Accounts	$	20,499,101.51
	7)	Collections of Discounted Receivables	$	0.00
8)	Collections of Finance Charge Receivables and Annualized Yield as a Percent of Adjusted Beginning of the Month Principal Receivables which includes Additional Principal Receivables		$	440,513,345.19	26.48	%


D)	CAPITAL ONE MASTER TRUST (AMF COLLECTIONS)
	MONTHLY PERIOD: May 2021
1)	Beginning Unamortized AMF Balance				$	55,977,517.61
	2)	+ AMF SLUG	$	0.00
	3)	+ AMF Collections	$	10,545,498.39
	4)	- Amortized AMF Income	$	10,456,105.07
5)	Ending Unamortized AMF Balance				$	56,066,910.93


E)	CAPITAL ONE MASTER TRUST : SERIES 2002-CC (Floating Allocation Amount)
	MONTHLY PERIOD: May 2021
1)	Floating Allocation Amount				$	11,314,435,291.84
2)	Floating Allocation Percentage				56.685984		%
3)	Finance Charge Collections Allocated				$	249,709,322.92
4)	Plus: Other amounts to be treated as Finance Charge Amounts		$	0.77
5)	Less: Servicer Interchange		$	7,071,522.06
6)	Available Funds				$	242,637,801.63
7)	Allocations of Series 2002-CC Finance Charge Amounts
	a)	Class A Targeted Deposit to Interest Funding Account	$	13,689,838.99
	b)	Class B Targeted Deposit to Interest Funding Account	$	454,686.97
	c)	Class C Targeted Deposit to Interest Funding Account	$	809,907.17
	d)	Series 2002-CC Servicing Fee to the Servicer	$	11,785,870.10
	e)	Series 2002-CC Servicing Fee previously due and unpaid to the Servicer	$	0.00
	f)	Class D Targeted Deposit to Interest Funding Account	$	0.00
	g)	Series 2002-CC Defaulted Amount	$	26,463,382.16
	h)	Nominal Liquidation Amount Deficits	$	0.00
	i)	Accumulation Reserve Account Targeted Deposit	$	0.00


	j)	Class C Reserve Account Targeted Deposit	$	0.00
	k)	Class D Reserve Account Targeted Deposit	$	0.00
	l)	Other deposits or payments required by Term Documents	$	0.00
8)	Shared Excess Finance Charges of Series 2002-CC				$	189,434,116.25
9)	Total Excess Finance Charges for All Series in Group 1				$	189,434,116.25
10)	Finance Charge Shortfall for Series 2002-CC				$	0.00
11)	Finance Charge Shortfall for All Series in Group 1				$	0.00
12)	Excess Finance Charges Allocated to Series 2002-CC				$	0.00


F)	CAPITAL ONE MASTER TRUST: SERIES 2002-CC (Principal Allocation Amount)
	MONTHLY PERIOD: May 2021
1)	Principal Allocation Amount	$	11,314,435,291.84
2)	Principal Allocation Percentage	56.685984		%
3)	Principal Collections Allocated	$	5,250,742,353.57
4)	Series 2002-CC Monthly Principal Payment	$	0.00
5)	Shared Principal Collections (excess principal) of Series 2002-CC	$	5,250,742,353.57
6)	Total Shared Principal Collections (excess principal) for All Series in Group	$	5,250,742,353.57
7)	Principal Shortfall for Series 2002-CC	$	0.00
8)	Principal Shortfall for All Series in Group 1	$	0.00
9)	Shared Principal Collections Allocated to Series 2002-CC	$	0.00

MONTHLY SERVICER’S CERTIFICATE

CAPITAL ONE BANK (USA), National Association

CAPITAL ONE MASTER TRUST

SERIES 2002-CC

The undersigned, a duly authorized representative of Capital One Bank (USA), National Association, as Servicer, pursuant to the Amended and Restated Pooling and Servicing Agreement dated as of September 30, 1993, as amended and restated as of August 1, 2002, January 13, 2006, July 1, 2007 and March 17, 2016, and as further amended by the First Amendment thereto dated as of January 27, 2017 (as so amended, the “Agreement”), as supplemented by the Amended and Restated Series 2002-CC Supplement dated as of October 9, 2002, as amended and restated as of March 17, 2016 (as amended and restated, the “Series Supplement”), among Capital One Funding, LLC, as Transferor, Capital One Bank (USA), National Association, as Servicer, and The Bank of New York Mellon, as Trustee, does hereby certify as follows:


1.			Capitalized terms used in this Certificate have their respective meanings as set forth in the Agreement or Series Supplement, as applicable.
2.			Capital One Bank (USA), National Association is, as of the date hereof, the Servicer under the Agreement.
3.			The undersigned is a Servicing Officer.
4.			This Certificate relates to the Distribution Date occurring on June 15, 2021.
5.			As of the date hereof, to the best knowledge of the undersigned, the Servicer has performed in all material respects under the Agreement through the Monthly Period preceding such Distribution Date.
6.			As of the date hereof, to the best knowledge of the undersigned, no Pay Out Event occurred on or prior to such Distribution Date.
7.			As of the date hereof, to the best knowledge of the undersigned, no Lien has been placed on any of the receivables other than pursuant to the Agreement.
IN WITNESS WHEREOF, the undersigned has duly executed and delivered this Certificate this 10th day of June 2021.


CAPITAL ONE BANK (USA), National Association as Servicer

By:			/s/ Jeremy Potts
Name:			Jeremy Potts
Title:			Authorized Officer

EX-99.2 3 exhibit992nhsmay2021.htm COMET EXHIBIT 99.2 MAY 2021 Document

Exhibit 99.2

CARD SERIES SCHEDULE TO

MONTHLY NOTEHOLDERS' STATEMENT

Date: June 10, 2021

CAPITAL ONE MULTI-ASSET EXECUTION TRUST, ASSET POOL 1

Monthly Period Ending: May 31, 2021

Reference is made to the Amended and Restated Series 2002-CC Supplement, dated as of October 9, 2002, as amended and restated as of March 17, 2016 (as amended and restated, the “Series 2002-CC Supplement”), among Capital One Funding, LLC, a Virginia limited liability company (“Funding”), as Transferor, Capital One Bank (USA), National Association, a national banking association (the “Bank”), as Servicer, and The Bank of New York Mellon, as Trustee, and the Indenture dated as of October 9, 2002, as amended and restated as of January 13, 2006 and March 17, 2016 (as amended and restated, the “Indenture”), between Capital One Multi-asset Execution Trust, as Issuer, and The Bank of New York Mellon, as Indenture Trustee.

The following computations are prepared with respect to the Transfer Date of June 14, 2021 and with respect to the performance of the Trust during the related Monthly Period from May 1, 2021 through May 31, 2021.

The Current Distribution Date is June 15, 2021.

Interest Period for all tranches generally includes the previous Distribution Date (or in the case of the initial Interest Payment Date, the Issuance Date) through the day preceding the current Distribution Date.

Interest on floating rate tranches is calculated on the basis of a 360-day year and the actual number of days in the related Interest Period. Interest on fixed rate tranches is calculated on the basis of a 360-day year and twelve 30-day months.

Material terms, parties and related abbreviations used herein may be found in the following documents as filed with the Securities and Exchange

Commission (“SEC”).


Amended and Restated Pooling and Servicing Agreement dated as of September 30, 1993, as amended and restated as of August 1, 2002, January 13, 2006, July 1, 2007, and March 17, 2016.						Included in Exhibit 4.2 to Funding’s Form 8-K filed with the SEC on March 17, 2016.

First Amendment to Amended and Restated Pooling and Servicing Agreement dated as January 27, 2017.						Included in Exhibit 4.1 to Funding’s Form 8-K filed with the SEC on January 27, 2017.

Amended and Restated Series 2002-CC Supplement to the Amended and Restated Pooling and Servicing Agreement dated as of October 9, 2002, as amended and restated as of March 17, 2016, relating to the COMT Collateral Certificate.						Included in Exhibit 4.3 to Funding’s Form 8-K filed with the SEC on March 17, 2016.

Transfer and Administration Agreement dated as of October 9, 2002.						Included in Exhibit 4.2 to Funding’s Form 8-K filed with the SEC on November 12, 2002.

First Amendment to Transfer and Administration Agreement dated as of March 1, 2008.						Included in Exhibit 4.10 to Funding’s Form 8-K filed with the SEC on March 4, 2008.

Capital One Multi-asset Execution Trust Amended and Restated Trust Agreement dated as of October 9, 2002.						Included in Exhibit 4.3 to Funding’s Form 8-K filed with the SEC on November 12, 2002.

Indenture dated as of October 9, 2002, as amended and restated as of January 13, 2006 and March 17, 2016.						Included in Exhibit 4.4 to Funding’s Form 8-K filed with the SEC on March 17, 2016.

COMT Asset Pool I Supplement dated as of October 9, 2002.						Included in Exhibit 4.5 to Funding’s Form 8-K filed with the SEC on November 12, 2002.

First Amendment to COMT Asset Pool I Supplement dated as of March 1, 2008.						Included in Exhibit 4.8 to Funding’s Form 8-K filed with the SEC on March 4, 2008.

Card Series Indenture Supplement dated as of October 9, 2002, as amended and restated as of March 17, 2016.						Included in Exhibit 4.5 to Funding’s Form 8-K filed with the SEC on March 17, 2016.

A. Interest to be paid on the corresponding Distribution Date:


	CUSIP Number	Interest Payment Date	Total Amount of Interest to be paid		Per $1000 of Outstanding Dollar Principal Amount
CLASS A (2015-4)	14041NEX5	6/15/2021	$	630,208.33	2.2916666545
CLASS A (2016-5)	14041NFG1	6/15/2021	$	864,583.33	1.3833333280
CLASS A (2016-7)	14041NFJ5	6/15/2021	$	233,746.44	0.4920977684
CLASS A (2017-2)	14041NFL0	6/15/2021	$	246,925.33	0.4115422167
CLASS A (2017-3)	14041NFM8	6/15/2021	$	1,620,000.00	2.0250000000
CLASS A (2017-5)	14041NFP1	6/15/2021	$	329,092.00	0.5484866667
CLASS A (2017-6)	14041NFQ9	6/15/2021	$	1,717,500.00	1.9083333333
CLASS A (2018-2)	14041NFS5	6/15/2021	$	145,283.56	0.3632089000
CLASS A (2019-1)	14041NFT3	6/15/2021	$	3,550,000.00	2.3666666667
CLASS A (2019-2)	14041NFU0	6/15/2021	$	1,863,333.33	1.4333333308
CLASS A (2019-3)	14041NFV8	6/15/2021	$	2,489,166.67	1.7166666690
Total Class A			$	13,689,838.99
CLASS B (2005-3)	14041NCG4	7/15/2021	$	—
CLASS B (2009-C)		6/15/2021	$	395,579.33	0.4276533297
Total Class B			$	395,579.33
CLASS C (2009-A)		6/15/2021	$	809,907.17	0.7901533366
Total Class C			$	809,907.17
Total			$	14,895,325.49

B. Principal to be paid on the Distribution Date:

CUSIP Number

Principal Payment Date

Total Amount of Principal to be paid

Per $1000 of Outstanding Dollar Principal Amount

NOTHING TO REPORT

C. Outstanding Dollar Principal Amount and Nominal Liquidation Amount for the related Monthly Period:

(as of the end of the related Monthly Period)


	Initial Dollar Principal Amount		Outstanding Dollar Principal Amount		Adjusted Outstanding Dollar Principal Amount		Nominal Liquidation Amount
CLASS A (2015-4)	$	275,000,000.00	$	275,000,000.00	$	275,000,000.00	$	275,000,000.00
CLASS A (2016-5)	$	625,000,000.00	$	625,000,000.00	$	625,000,000.00	$	625,000,000.00
CLASS A (2016-7)	$	475,000,000.00	$	475,000,000.00	$	475,000,000.00	$	475,000,000.00
CLASS A (2017-2)	$	600,000,000.00	$	600,000,000.00	$	600,000,000.00	$	600,000,000.00
CLASS A (2017-3)	$	800,000,000.00	$	800,000,000.00	$	800,000,000.00	$	800,000,000.00
CLASS A (2017-5)	$	600,000,000.00	$	600,000,000.00	$	600,000,000.00	$	600,000,000.00
CLASS A (2017-6)	$	900,000,000.00	$	900,000,000.00	$	900,000,000.00	$	900,000,000.00
CLASS A (2018-2)	$	400,000,000.00	$	400,000,000.00	$	400,000,000.00	$	400,000,000.00
CLASS A (2019-1)	$	1,500,000,000.00	$	1,500,000,000.00	$	1,500,000,000.00	$	1,500,000,000.00
CLASS A (2019-2)	$	1,300,000,000.00	$	1,300,000,000.00	$	1,300,000,000.00	$	1,300,000,000.00
CLASS A (2019-3)	$	1,450,000,000.00	$	1,450,000,000.00	$	1,450,000,000.00	$	1,450,000,000.00
Total Class A	$	8,925,000,000.00	$	8,925,000,000.00	$	8,925,000,000.00	$	8,925,000,000.00
CLASS B (2005-3)	$	100,000,000.00	$	100,000,000.00	$	100,000,000.00	$	100,000,000.00
CLASS B (2009-C)	$	925,000,000.00	$	925,000,000.00	$	925,000,000.00	$	925,000,000.00
Total Class B	$	1,025,000,000.00	$	1,025,000,000.00	$	1,025,000,000.00	$	1,025,000,000.00
CLASS C (2009-A)	$	1,025,000,000.00	$	1,025,000,000.00	$	1,025,000,000.00	$	1,025,000,000.00
Total Class C	$	1,025,000,000.00	$	1,025,000,000.00	$	1,025,000,000.00	$	1,025,000,000.00
CLASS D (2002-1)	$	—	$	339,435,291.84	$	339,435,291.84	$	339,435,291.84
Total Class D	$	—	$	339,435,291.84	$	339,435,291.84	$	339,435,291.84
Total	$	10,975,000,000.00	$	11,314,435,291.84	$	11,314,435,291.84	$	11,314,435,291.84

D. Nominal Liquidation Amount for Tranches of Notes Outstanding:

(including all tranches issued as of the end of the Monthly Period, after taking into account all allocations expected to occur on the Distribution Date)


	End of Month Nominal Liquidation Amount		Increase due to accretions of Principal for Discount Notes		Withdrawal from Principal Funding sub-account		Reimbursements of Nominal Liquidation Amount from Available Funds		Reductions due to reallocation of Card Series Principal Amounts		Reduction due to Investor Charge-offs		Reductions due to deposits into the Principal Funding sub-Account		Nominal Liquidation Amount as of the Distribution Date*
CLASS A (2015-4)	$	275,000,000.00	$	—	$	—	$	—	$	—	$	—	$	—	$	275,000,000.00
CLASS A (2016-5)	$	625,000,000.00	$	—	$	—	$	—	$	—	$	—	$	—	$	625,000,000.00
CLASS A (2016-7)	$	475,000,000.00	$	—	$	—	$	—	$	—	$	—	$	—	$	475,000,000.00
CLASS A (2017-2)	$	600,000,000.00	$	—	$	—	$	—	$	—	$	—	$	—	$	600,000,000.00
CLASS A (2017-3)	$	800,000,000.00	$	—	$	—	$	—	$	—	$	—	$	—	$	800,000,000.00
CLASS A (2017-5)	$	600,000,000.00	$	—	$	—	$	—	$	—	$	—	$	—	$	600,000,000.00
CLASS A (2017-6)	$	900,000,000.00	$	—	$	—	$	—	$	—	$	—	$	—	$	900,000,000.00
CLASS A (2018-2)	$	400,000,000.00	$	—	$	—	$	—	$	—	$	—	$	—	$	400,000,000.00
CLASS A (2019-1)	$	1,500,000,000.00	$	—	$	—	$	—	$	—	$	—	$	—	$	1,500,000,000.00
CLASS A (2019-2)	$	1,300,000,000.00	$	—	$	—	$	—	$	—	$	—	$	—	$	1,300,000,000.00
CLASS A (2019-3)	$	1,450,000,000.00	$	—	$	—	$	—	$	—	$	—	$	—	$	1,450,000,000.00
Total Class A	$	8,925,000,000.00	$	—	$	—	$	—	$	—	$	—	$	—	$	8,925,000,000.00
CLASS B (2005-3)	$	100,000,000.00	$	—	$	—	$	—	$	—	$	—	$	—	$	100,000,000.00
CLASS B (2009-C)	$	925,000,000.00	$	—	$	—	$	—	$	—	$	—	$	—	$	925,000,000.00
Total Class B	$	1,025,000,000.00	$	—	$	—	$	—	$	—	$	—	$	—	$	1,025,000,000.00
CLASS C (2009-A)	$	1,025,000,000.00	$	—	$	—	$	—	$	—	$	—	$	—	$	1,025,000,000.00
Total Class C	$	1,025,000,000.00	$	—	$	—	$	—	$	—	$	—	$	—	$	1,025,000,000.00
Class D (2002-1)	$	339,435,291.84	$	—	$	—	$	—	$	—	$	—	$	—	$	339,435,291.84
Total Class D	$	339,435,291.84	$	—	$	—	$	—	$	—	$	—	$	—	$	339,435,291.84
Total	$	11,314,435,291.84	$	—	$	—	$	—	$	—	$	—	$	—	$	11,314,435,291.84

* This report does not capture any new issuances or increases of notes occurring after the end of the Monthly Period.

E. Targeted Deposits to Principal Funding sub-Accounts:

Beginning
Principal Funding
sub-Account
Balance

Targeted Deposit
to Principal
Funding
sub-Account

Previous shortfalls
of targeted
deposits to the
Principal Funding
Sub-Account

Actual Deposit to
Principal Funding
sub-Account

Amounts withdrawn
from the Principal
Funding sub-Account
for payment to
Noteholders

Ending
Principal Funding
sub-Account
Balance

Principal Funding
sub-Account
Earnings

NOTHING TO REPORT

F. Targeted Deposits to Interest Funding sub-Accounts:


	Applicable Interest Rates		Beginning Interest Funding sub-Account Balance (1)		Targeted Deposit to Interest Funding sub-Account		Previous Shortfalls of targeted deposits to the Interest Funding sub-Account		Actual Deposit to Interest Funding sub-Account (2)		Amounts withdrawn from the Interest Funding sub-Account for payment to Noteholders (3)		Ending Interest Funding sub-Account Balance (1)		Interest Funding sub-Account Earnings
CLASS A (2015-4)	2.750	%	$	—	$	630,208.33	$	—	$	630,208.33	$	630,208.33	$	—	$	—
CLASS A (2016-5)	1.660	%	$	—	$	864,583.33	$	—	$	864,583.33	$	864,583.33	$	—	$	—
CLASS A (2016-7)	0.611	%	$	—	$	233,746.44	$	—	$	233,746.44	$	233,746.44	$	—	$	—
CLASS A (2017-2)	0.511	%	$	—	$	246,925.33	$	—	$	246,925.33	$	246,925.33	$	—	$	—
CLASS A (2017-3)	2.430	%	$	—	$	1,620,000.00	$	—	$	1,620,000.00	$	1,620,000.00	$	—	$	—
CLASS A (2017-5)	0.681	%	$	—	$	329,092.00	$	—	$	329,092.00	$	329,092.00	$	—	$	—
CLASS A (2017-6)	2.290	%	$	—	$	1,717,500.00	$	—	$	1,717,500.00	$	1,717,500.00	$	—	$	—
CLASS A (2018-2)	0.451	%	$	—	$	145,283.56	$	—	$	145,283.56	$	145,283.56	$	—	$	—
CLASS A (2019-1)	2.840	%	$	—	$	3,550,000.00	$	—	$	3,550,000.00	$	3,550,000.00	$	—	$	—
CLASS A (2019-2)	1.720	%	$	—	$	1,863,333.33	$	—	$	1,863,333.33	$	1,863,333.33	$	—	$	—
CLASS A (2019-3)	2.060	%	$	—	$	2,489,166.67	$	—	$	2,489,166.67	$	2,489,166.67	$	—	$	—
Total Class A			$	—	$	13,689,838.99	$	—	$	13,689,838.99	$	13,689,838.99	$	—	$	—
CLASS B (2005-3)	0.734	%	$	65,222.22	$	59,107.64	$	—	$	59,107.64	$	—	$	124,329.86	$	0.77
CLASS B (2009-C)	0.531	%	$	—	$	395,579.33	$	—	$	395,579.33	$	395,579.33	$	—	$	—
Total Class B			$	65,222.22	$	454,686.97	$	—	$	454,686.97	$	395,579.33	$	124,329.86	$	0.77
CLASS C (2009-A)	0.981	%	$	—	$	809,907.17	$	—	$	809,907.17	$	809,907.17	$	—	$	—
Total Class C			$	—	$	809,907.17	$	—	$	809,907.17	$	809,907.17	$	—	$	—
Total			$	65,222.22	$	14,954,433.13	$	—	$	14,954,433.13	$	14,895,325.49	$	124,329.86	$	0.77

G. Class C Reserve sub-Accounts:

Beginning Class C Reserve sub-Account Balance

Targeted Deposit to Class C Reserve sub-Account

Actual Deposit to Class C Reserve sub-Account

Withdrawals from Class C Reserve sub-Account Balance

Ending Class C Reserve sub-Account Balance

Class C Reserve sub-Account Earnings

NOTHING TO REPORT

H. Targeted Deposits to Class D Reserve sub-Accounts:

(Beginning Class D Reserve sub-account Balance includes Class D Reserve sub-Account Earnings and deposits related to any new issuances)

Beginning Class D Reserve sub-Account Balance

Targeted Deposit to Class D Reserve sub-Account

Actual Deposit to Class D Reserve sub-Account

Withdrawals from Class D Reserve sub-Account Balance

Ending Class D Reserve sub-Account Balance

Class D Reserve sub-Account Earnings

NOTHING TO REPORT

I. Targeted Deposits to Accumulation Reserve sub-Accounts:

Beginning Accumulation Reserve sub-Account Balance

Targeted Deposit to Accumulation Reserve sub-Account

Actual Deposit to Accumulation Reserve sub-Account

Withdrawals from Accumulation Reserve Account for Interest

Withdrawals from Accumulation Reserve Account for Payments to Issuer

Ending Accumulation Reserve Balance
sub-Account

Accumulation Reserve sub-Account Earnings

NOTHING TO REPORT

J. Class A Usage of Class B, C and D Subordination Amounts:

Class A Usage of Class B Subordination Amount for this Monthly Period

Class A Usage of Class C Subordination Amount for this Monthly Period

Class A Usage of Class D Subordination Amount for this Monthly Period

Cumulative Class A Usage of Class B Subordination Amount

Cumulative Class A Usage of Class C Subordination Amount

Cumulative Class A Usage of Class D Subordination Amount

NOTHING TO REPORT

K. Class B Usage of Class C and D Subordination Amounts:

Class B Usage of Class C Subordination Amount for this Monthly Period

Class B Usage of Class D Subordination Amount for this Monthly Period

Cumulative Class B Usage of Class C Subordination Amount

Cumulative Class B Usage of Class D Subordination Amount

NOTHING TO REPORT

L. Class C Usage of Class D Subordination Amount


	Class C Usage of Class D Subordination Amount for this Monthly Period	Cumulative Class C Usage of Class D Subordination Amount
NOTHING TO REPORT

M. Required and Available Subordination Amount to Class A, B and C Notes:

(as of Determination Date, after taking into account all maturities expected to occur on the Distribution Date)


	Required Subordination Amount from Class B Notes		Available Subordination Amount from Class B Notes		Required Subordination Amount from Class C Notes		Available Subordination Amount from Class C Notes		Required Subordination Amount from Class D Notes		Available Subordination Amount from Class D Notes
CLASS A (2015-4)	$	31,329,375.00	$	31,329,375.00	$	31,329,375.00	$	31,329,375.00	$	10,443,125.00	$	10,443,125.00
CLASS A (2016-5)	$	71,203,125.00	$	71,203,125.00	$	71,203,125.00	$	71,203,125.00	$	23,734,375.00	$	23,734,375.00
CLASS A (2016-7)	$	54,114,375.00	$	54,114,375.00	$	54,114,375.00	$	54,114,375.00	$	18,038,125.00	$	18,038,125.00
CLASS A (2017-2)	$	68,355,000.00	$	68,355,000.00	$	68,355,000.00	$	68,355,000.00	$	22,785,000.00	$	22,785,000.00
CLASS A (2017-3)	$	91,140,000.00	$	91,140,000.00	$	91,140,000.00	$	91,140,000.00	$	30,380,000.00	$	30,380,000.00
CLASS A (2017-5)	$	68,355,000.00	$	68,355,000.00	$	68,355,000.00	$	68,355,000.00	$	22,785,000.00	$	22,785,000.00
CLASS A (2017-6)	$	102,532,500.00	$	102,532,500.00	$	102,532,500.00	$	102,532,500.00	$	34,177,500.00	$	34,177,500.00
CLASS A (2018-2)	$	45,570,000.00	$	45,570,000.00	$	45,570,000.00	$	45,570,000.00	$	15,190,000.00	$	15,190,000.00
CLASS A (2019-1)	$	170,887,500.00	$	170,887,500.00	$	170,887,500.00	$	170,887,500.00	$	56,962,500.00	$	56,962,500.00
CLASS A (2019-2)	$	148,102,500.00	$	148,102,500.00	$	148,102,500.00	$	148,102,500.00	$	49,367,500.00	$	49,367,500.00
CLASS A (2019-3)	$	165,191,250.00	$	165,191,250.00	$	165,191,250.00	$	165,191,250.00	$	55,063,750.00	$	55,063,750.00
Total Class A	$	1,016,780,625.00	$	1,016,780,625.00	$	1,016,780,625.00	$	1,016,780,625.00	$	338,926,875.00	$	338,926,875.00
CLASS B (2005-3)					$	99,280,121.48	$	99,280,121.48	$	33,093,373.83	$	33,093,373.83
CLASS B (2009-C)					$	918,341,123.66	$	918,341,123.66	$	306,113,707.88	$	306,113,707.88
Total Class B					$	1,017,621,245.14	$	1,017,621,245.14	$	339,207,081.71	$	339,207,081.71
CLASS C (2009-A)									$	339,435,291.84	$	339,435,291.84
Total Class C									$	339,435,291.84	$	339,435,291.84

N. Early Redemption Event


Current Month Excess Spread Amount			$189,434,116.25
Prior Month Excess Spread Amount			$184,823,484.87
Two Months Prior Excess Spread Amount			$207,878,480.02
Three Month Average Excess Spread Amount			$194,045,360.38
Is the average of the Excess Spread Amount for preceding three months greater than $0?			YES

O. Repurchase Demand Activity (Rule 15Ga-1)

Nothing to Report

Most Recent Form ABS - 15G

Filed by: Capital One Funding, LLC

CIK#: 0001162387

Date: February 10, 2021

IN WITNESS WHEREOF, the undersigned has duly executed and delivered this Certificate this 10th day of June 2021.


CAPITAL ONE BANK (USA), National Association as Administrator

By:			/s/ Jeremy Potts
Name:			Jeremy Potts
Title:			Authorized Officer