EX-99.2 3 exhibit992nhsjune2022.htm COMET EXHIBIT 99.2 JUNE 2022 Document

Exhibit 99.2
CARD SERIES SCHEDULE TO
MONTHLY NOTEHOLDERS' STATEMENT

Date: July 12, 2022


CAPITAL ONE MULTI-ASSET EXECUTION TRUST, ASSET POOL 1
Monthly Period Ending: June 30, 2022

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 July 14, 2022 and with respect to the performance of the Trust during the related Monthly Period from June 1, 2022 through June 30, 2022.

The Current Distribution Date is July 15, 2022.

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.





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A. Interest to be paid on the corresponding Distribution Date:
CUSIP NumberInterest Payment
Date		Total Amount of
Interest to be paid		Per $1000 of
Outstanding Dollar
Principal Amount
CLASS A (2015-4)14041NEX57/15/2022$630,208.33 2.2916666545 
CLASS A (2017-5)14041NFP17/15/2022$952,000.00 1.5866666667 
CLASS A (2017-6)14041NFQ97/15/2022$1,717,500.00 1.9083333333 
CLASS A (2018-2)14041NFS57/15/2022$558,000.00 1.3950000000 
CLASS A (2019-2)14041NFU07/15/2022$1,863,333.33 1.4333333308 
CLASS A (2019-3)14041NFV87/15/2022$2,489,166.67 1.7166666690 
CLASS A (2021-1)14041NFW67/15/2022$733,333.33 0.4583333313 
CLASS A (2021-2)14041NFX47/15/2022$1,621,666.67 1.1583333357 
CLASS A (2021-3)14041NFY27/15/2022$1,733,333.33 0.8666666650 
CLASS A (2022-1)14041NFZ97/15/2022$5,250,000.00 2.3333333333 
CLASS A (2022-2)14041NGA38/15/2022$— —
Total Class A$17,548,541.66 
CLASS B (2005-3)14041NCG47/15/2022$403,001.08 4.0300108000 
CLASS B (2009-C)7/15/2022$1,619,978.73 1.0285579238 
Total Class B$2,022,979.81 
CLASS C (2009-A)7/15/2022$2,101,390.40 1.2545614328 
Total Class C$2,101,390.40 
Total$21,672,911.87 







































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B. Principal to be paid on the Distribution Date:
CUSIP NumberPrincipal Payment DateTotal Amount of Principal to be paidPer $1000 of Outstanding Dollar Principal Amount
 CLASS A (2015-4)  14041NEX5 7/15/2022$275,000,000.00 1,000.0000000000 
 CLASS B (2009-C) 7/15/2022$30,000,000.00 19.0476190476 
 CLASS C (2009-A) 7/15/2022$30,000,000.00 17.9104477612 







































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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 AmountOutstanding Dollar Principal AmountAdjusted Outstanding Dollar Principal AmountNominal Liquidation Amount
CLASS A (2015-4)$275,000,000.00 $275,000,000.00 $275,000,000.00 $275,000,000.00 
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 (2019-2)$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 
CLASS A (2021-1)$1,600,000,000.00 $1,600,000,000.00 $1,600,000,000.00 $1,600,000,000.00 
CLASS A (2021-2)$1,400,000,000.00 $1,400,000,000.00 $1,400,000,000.00 $1,400,000,000.00 
CLASS A (2021-3)$2,000,000,000.00 $2,000,000,000.00 $2,000,000,000.00 $2,000,000,000.00 
CLASS A (2022-1)$2,250,000,000.00 $2,250,000,000.00 $2,250,000,000.00 $2,250,000,000.00 
CLASS A (2022-2)$2,500,000,000.00 $2,500,000,000.00 $2,500,000,000.00 $2,500,000,000.00 
Total Class A$14,675,000,000.00 $14,675,000,000.00 $14,675,000,000.00 $14,675,000,000.00 
CLASS B (2005-3)$100,000,000.00 $100,000,000.00 $100,000,000.00 $100,000,000.00 
CLASS B (2009-C)$1,575,000,000.00 $1,575,000,000.00 $1,575,000,000.00 $1,575,000,000.00 
Total Class B$1,675,000,000.00 $1,675,000,000.00 $1,675,000,000.00 $1,675,000,000.00 
CLASS C (2009-A)$1,675,000,000.00 $1,675,000,000.00 $1,675,000,000.00 $1,675,000,000.00 
Total Class C$1,675,000,000.00 $1,675,000,000.00 $1,675,000,000.00 $1,675,000,000.00 
CLASS D (2002-1)$— $557,478,009.75 $557,478,009.75 $557,478,009.75 
Total Class D$— $557,478,009.75 $557,478,009.75 $557,478,009.75 
Total$18,025,000,000.00 $18,582,478,009.75 $18,582,478,009.75 $18,582,478,009.75 



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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 AmountIncrease due to accretions of Principal for Discount NotesWithdrawal from Principal Funding sub-accountReimbursements of Nominal Liquidation Amount from Available FundsReductions due to reallocation of Card Series Principal AmountsReduction due to Investor Charge-offsReductions due to deposits into the Principal Funding sub-AccountNominal Liquidation Amount as of the Distribution Date*
CLASS A (2015-4)$275,000,000.00 $— $— $— $— $— $275,000,000.00 $— 
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 (2019-2)$1,300,000,000.00 $— $— $— $— $— $— $1,300,000,000.00 
CLASS A (2019-3)$1,450,000,000.00 $— $— $— $— $— $— $1,450,000,000.00 
CLASS A (2021-1)$1,600,000,000.00 $— $— $— $— $— $— $1,600,000,000.00 
CLASS A (2021-2)$1,400,000,000.00 $— $— $— $— $— $— $1,400,000,000.00 
CLASS A (2021-3)$2,000,000,000.00 $— $— $— $— $— $— $2,000,000,000.00 
CLASS A (2022-1)$2,250,000,000.00 $— $— $— $— $— $— $2,250,000,000.00 
CLASS A (2022-2)$2,500,000,000.00 $— $— $— $— $— $— $2,500,000,000.00 
Total Class A$14,675,000,000.00 $— $— $— $— $— $275,000,000.00 $14,400,000,000.00 
CLASS B (2005-3)$100,000,000.00 $— $— $— $— $— $— $100,000,000.00 
CLASS B (2009-C)$1,575,000,000.00 $— $— $— $— $— $30,000,000.00 $1,545,000,000.00 
Total Class B$1,675,000,000.00 $— $— $— $— $— $30,000,000.00 $1,645,000,000.00 
CLASS C (2009-A)$1,675,000,000.00 $— $— $— $— $— $30,000,000.00 $1,645,000,000.00 
Total Class C$1,675,000,000.00 $— $— $— $— $— $30,000,000.00 $1,645,000,000.00 
CLASS D (2002-1)$557,478,009.75 $— $— $— $— $— $— $547,117,114.43 
Total Class D$557,478,009.75 $— $— $— $— $— $— $547,117,114.43 
Total$18,582,478,009.75 $— $— $— $— $— $335,000,000.00 $18,237,117,114.43 
* This report does not capture any new issuances or increases of notes occurring after the end of the Monthly Period.















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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
 CLASS A (2015-4) $275,000,000.00 $275,000,000.00 $275,000,000.00 
 CLASS B (2009-C) $30,000,000.00 $30,000,000.00 $30,000,000.00 
 CLASS C (2009-A) $30,000,000.00 $30,000,000.00 $30,000,000.00 
































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F. Targeted Deposits to Interest Funding sub-Accounts:
Applicable Interest RatesBeginning Interest Funding sub-Account Balance (1)Targeted Deposit to Interest Funding sub-AccountPrevious 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 $— $— 
CLASS A (2017-5)1.904 %$— $952,000.00 $— $952,000.00 $952,000.00 $— $— 
CLASS A (2017-6)2.290 %$— $1,717,500.00 $— $1,717,500.00 $1,717,500.00 $— $— 
CLASS A (2018-2)1.674 %$— $558,000.00 $— $558,000.00 $558,000.00 $— $— 
CLASS A (2019-2)1.720 %$— $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 $— $— 
CLASS A (2021-1)0.550 %$— $733,333.33 $— $733,333.33 $733,333.33 $— $— 
CLASS A (2021-2)1.390 %$— $1,621,666.67 $— $1,621,666.67 $1,621,666.67 $— $— 
CLASS A (2021-3)1.040 %$— $1,733,333.33 $— $1,733,333.33 $1,733,333.33 $— $— 
CLASS A (2022-1)2.800 %$— $5,250,000.00 $— $5,250,000.00 $5,250,000.00 $— $— 
CLASS A (2022-2)3.490 %$— $— $— $— $— $— $— 
Total Class A$— $17,548,541.66 $— $17,548,541.66 $17,548,541.66 $— $— 
CLASS B (2005-3)1.594 %$270,143.58 $132,857.50 $— $132,857.50 $403,001.08 $— $193.07 
CLASS B (2009-C)1.229 %$— $1,619,978.73 $— $1,619,978.73 $1,619,978.73 $— $— 
Total Class B$270,143.58 $1,752,836.23 $— $1,752,836.23 $2,022,979.81 $— $193.07 
CLASS C (2009-A)1.499 %$— $2,101,390.40 $— $2,101,390.40 $2,101,390.40 $— $— 
Total Class C$— $2,101,390.40 $— $2,101,390.40 $2,101,390.40 $— $— 
Total$270,143.58 $21,402,768.29 $— $21,402,768.29 $21,672,911.87 $— $193.07 












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G. Class C Reserve sub-Accounts:
Beginning Class C Reserve sub-Account BalanceTargeted Deposit to Class C Reserve sub-AccountActual Deposit to Class C Reserve sub-AccountWithdrawals from Class C Reserve sub-Account BalanceEnding Class C Reserve sub-Account BalanceClass 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 BalanceTargeted Deposit to Class D Reserve sub-AccountActual Deposit to Class D Reserve sub-AccountWithdrawals from Class D Reserve sub-Account BalanceEnding Class D Reserve sub-Account BalanceClass D Reserve sub-Account Earnings
NOTHING TO REPORT

I. Targeted Deposits to Accumulation Reserve sub-Accounts:
Beginning Accumulation Reserve sub-Account BalanceTargeted Deposit to Accumulation Reserve sub-AccountActual Deposit to Accumulation Reserve sub-AccountWithdrawals from Accumulation Reserve Account for InterestWithdrawals from Accumulation Reserve Account for Payments to IssuerEnding Accumulation Reserve Balance
 sub-Account 		Accumulation Reserve sub-Account Earnings
NOTHING TO REPORT













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J. Class A Usage of Class B, C and D Subordination Amounts:
Class A Usage of Class B Subordination Amount for this Monthly PeriodClass A Usage of Class C Subordination Amount for this Monthly PeriodClass A Usage of Class D Subordination Amount for this Monthly PeriodCumulative Class A Usage of Class B Subordination AmountCumulative Class A Usage of Class C Subordination AmountCumulative 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 PeriodClass B Usage of Class D Subordination Amount for this Monthly PeriodCumulative Class B Usage of Class C Subordination AmountCumulative 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 PeriodCumulative Class C Usage of Class D Subordination Amount
NOTHING TO REPORT

















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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 NotesAvailable Subordination Amount from Class B NotesRequired Subordination Amount from Class C NotesAvailable Subordination Amount from Class C NotesRequired Subordination Amount from Class D NotesAvailable Subordination Amount from Class D Notes
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 (2019-2)$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 
CLASS A (2021-1)$182,280,000.00 $182,280,000.00 $182,280,000.00 $182,280,000.00 $60,760,000.00 $60,760,000.00 
CLASS A (2021-2)$159,495,000.00 $159,495,000.00 $159,495,000.00 $159,495,000.00 $53,165,000.00 $53,165,000.00 
CLASS A (2021-3)$227,850,000.00 $227,850,000.00 $227,850,000.00 $227,850,000.00 $75,950,000.00 $75,950,000.00 
CLASS A (2022-1)$256,331,250.00 $256,331,250.00 $256,331,250.00 $256,331,250.00 $85,443,750.00 $85,443,750.00 
CLASS A (2022-2)$284,812,500.00 $284,812,500.00 $284,812,500.00 $284,812,500.00 $94,937,500.00 $94,937,500.00 
Total Class A$1,640,520,000.00 $1,640,520,000.00 $1,640,520,000.00 $1,640,520,000.00 $546,840,000.00 $546,840,000.00 
CLASS B (2005-3)$99,755,512.65 $99,755,512.65 $33,251,837.55 $33,251,837.55 
CLASS B (2009-C)$1,541,222,670.39 $1,541,222,670.39 $513,740,890.13 $513,740,890.13 
Total Class B$1,640,978,183.04 $1,640,978,183.04 $546,992,727.68 $546,992,727.68 
CLASS C (2009-A)$547,117,114.43 $547,117,114.43 
Total Class C$547,117,114.43 $547,117,114.43 
                                        



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N. Early Redemption Event
Current Month Excess Spread Amount$319,806,511.06 
Prior Month Excess Spread Amount$263,418,089.86 
Two Months Prior Excess Spread Amount$260,849,706.33 
Three Month Average Excess Spread Amount$281,358,102.42 
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, 2022

















































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IN WITNESS WHEREOF, the undersigned has duly executed and delivered this Certificate this 12th day of July 2022.
CAPITAL ONE BANK (USA), National Association as Administrator
By:/s/ Jeremy Potts
Name:Jeremy Potts
Title:Authorized Officer

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