Monthly Investor Report Collection Period Ended 29-Feb ...

Transportation Finance Equipment Trust 2019-1

Monthly Investor Report

Collection Period Ended

29-Feb-2020

Dates Collection Period No. Collection Period (from... to and including) Determination Date Record Date Distribution Day Interest Period of the Class A-1 Notes (from... to but excluding) Interest Period of the Class A-2, A-3, A-4, B, C, and D Notes (from... to)

5

1-Feb-2020

29-Feb-2020

18-Mar-2020

20-Mar-2020

23-Mar-2020

24-Feb-2020

23-Mar-2020 Actual/360 Days

28

24-Feb-2020

23-Mar-2020

30/360 Days

30

Page 1 of 7 Amounts in USD

Summary

Class Class A-1 Notes Class A-2 Notes Class A-3 Notes Class A-4 Notes Class B Notes Class C Notes Class D Notes Total Note Balance

Overcollateralization Aggregate Receivable Balance

Initial Overcollateralization Amount Target Overcollateralization Amount Current Overcollateralization Amount

Class Class A-1 Notes Class A-2 Notes Class A-3 Notes Class A-4 Notes Class B Notes Class C Notes Class D Notes Total

Initial Balance 131,590,000.00 157,618,000.00 142,842,000.00 60,507,000.00 10,679,000.00 10,679,000.00 10,678,000.00 524,593,000.00

9,343,913.31 533,936,913.31

Amount 9,343,913.31 9,343,895.98 9,343,895.98

Interest Rate 2.00290% 1.90000% 1.85000% 1.88000% 2.06000% 2.19000% 2.57000%

Beginning Balance

52,531,798.54 157,618,000.00 142,842,000.00

60,507,000.00 10,679,000.00 10,679,000.00 10,678,000.00 445,534,798.54

9,343,895.98 454,878,694.52

Percentage 1.75% 1.75% 1.75%

Interest Due 81,834.62

249,561.83 220,214.75

94,794.30 18,332.28 19,489.18 22,868.72 707,095.68

Ending Balance 38,869,349.59 157,618,000.00 142,842,000.00 60,507,000.00 10,679,000.00 10,679,000.00 10,678,000.00 431,872,349.59

9,343,895.98 441,216,245.57

Interest Due per $1000 Face Amount

0.6218909 1.5833333 1.5416667 1.5666667 1.7166664 1.8250005 2.1416670

Principal Payment 13,662,448.95

0.00 0.00 0.00 0.00 0.00 0.00

13,662,448.95

Principal per $1000

Note

Face Amount

Factor

103.8258906 0.2953822

0.0000000 1.0000000

0.0000000 1.0000000

0.0000000 1.0000000

0.0000000 1.0000000

0.0000000 1.0000000

0.0000000 1.0000000

Interest & Principal Due

13,744,283.57 249,561.83 220,214.75 94,794.30 18,332.28 19,489.18 22,868.72

14,369,544.63

Interest & Principal Due per $1000 Face Amount

104.4477815 1.5833333 1.5416667 1.5666667 1.7166664 1.8250005 2.1416670

Transportation Finance Equipment Trust 2019-1

Monthly Investor Report

Collection Period Ended

29-Feb-2020

Available Amounts

Principal Payments received on Loans Interest Payments received on Loans Recoveries Liquidation Proceeds Aggregate Purchase Amounts (Principal & Accrued Interest) Investment Earnings Servicing Advances

Available Amounts Amount withdrawn from Reserve Account

Total Available Amounts plus amount withdrawn from Reserve Account

13,207,057.22 2,559,086.61

0.00 199,950.00 108,600.40 29,833.23

0.00

16,104,527.46 0.00

16,104,527.46

Priority of Payments

1. To the Servicer, any accrued and unpaid Servicing Fees and reimbursement of non-recoverable Servicing Advances

2. To the Indenture Trustee (max. $75,000 p.a.) and Owner Trustee (max.

$50,000 p.a.), any accrued and unpaid fees and expenses

a. Indenture Trustee

$416.67

b. Owner Trustee

$625.00

3. To the Administrator, any accrued and unpaid Administration Fees 4. Interest on the Class A Notes 5. Class A Notes priority principal payment 6. Interest on the Class B Notes 7. Class A and B Notes priority principal payment 8. Interest on the Class C Notes 9. Class A, B and C Notes priority principal payment 10. Interest on the Class D Notes 11. Class A, B, C and D Notes priority principal payment 12. To the Reserve Account, any shortfall in the Specified Reserve Account

Amount 13. To pay principal, any shortfall in the Target Overcollateralization

Amount 14. Total Trustee fees (not previously paid under 2) 15. To the Issuing Entity, the remaining balance if any

Total Distribution

Page 2 of 7 Amounts in USD

379,065.58

1,041.67

1,000.00 646,405.50

0.00 18,332.28

0.00 19,489.18

0.00 22,868.72 4,318,552.97

0.00

9,343,895.98 0.00

1,353,875.58 16,104,527.46

Transportation Finance Equipment Trust 2019-1

Monthly Investor Report

Collection Period Ended

29-Feb-2020

Priority of Payments

Total Servicing Fees Total non-recoverable Servicing Advances Total Trustee fees and expenses Total Administration Fees

Monthly Interest Class A-1 Notes Class A-2 Notes Class A-3 Notes Class A-4 Notes Class B Notes Class C Notes Class D Notes

Monthly Interest Shortfall Class A-1 Notes Class A-2 Notes Class A-3 Notes Class A-4 Notes Class B Notes Class C Notes Class D Notes

Monthly Interest Amount Payable Principal payments

Reserve Account shortfall payment

Trustee fees (not paid above)

Released to Issuing Entity

Total Distributions

Due 379,065.58

0.00 1,041.67 1,000.00

81,834.62 249,561.83 220,214.75

94,794.30 18,332.28 19,489.18 22,868.72

0.00 0.00 0.00 0.00 0.00 0.00 0.00 707,095.68 13,662,448.95 0.00 0.00 1,353,875.58

16,104,527.46

Paid 379,065.58

0.00 1,041.67 1,000.00

81,834.62 249,561.83 220,214.75

94,794.30 18,332.28 19,489.18 22,868.72

0.00 0.00 0.00 0.00 0.00 0.00 0.00 707,095.68 13,662,448.95 0.00 0.00 1,353,875.58

16,104,527.46

Shortfall 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00

Page 3 of 7 Amounts in USD

Transportation Finance Equipment Trust 2019-1

Monthly Investor Report

Collection Period Ended

29-Feb-2020

Reserve Account and Investment Earnings Reserve Account Specified Reserve Account Amount Reserve Account Beginning Balance

plus top up to Specified Reserve Account Amount plus net Investment Earnings for the Collection Period minus net Investment Earnings deposited in the Collection Account minus withdrawals from the Reserve Account Reserve Account Ending Balance Reserve Account Deficiency

Investment Earnings Net Investment Earnings on the Reserve Account Net Investment Earnings on the Collection Account

Investment Earnings for the Collection Period

2,669,684.57 2,669,684.57

0.00 3,296.41 3,296.41

0.00 2,669,684.57

0.00

3,296.41 26,536.82 29,833.23

Notice to Investors No material breaches of Receivables representations or warranties or covenants are known to have occurred. No material modifications of Receivables are known to have occurred. No demand requests for repurchases of Receivables are known to have occurred.

For any questions regarding this report please contact the Servicer at SecuritizedFinanceOps@

Additional monthly reports available at:

Page 4 of 7 Amounts in USD

Transportation Finance Equipment Trust 2019-1

Monthly Investor Report

Collection Period Ended

29-Feb-2020

Receivables Statistics Receivable Data

Aggregate Receivable Balance as of the Cutoff Date Aggregate Receivable Balance beginning of Collection Period

Principal Collections Principal Collections from liquidated Loans Aggregate Purchase Amounts (Principal only) Credit Losses

Aggregate Receivable Balance subtotal Contributed Repair Loans

Aggregate Receivable Balance end of Collection Period Receivable Factor

Weighted Average APR Weighted Average Number of Remaining Payments Weighted Average Seasoning (months)

Delinquency Profile

Delinquency Profile

0 - 30 Days Past Due 31 - 60 Days Past Due 61 - 90 Days Past Due 91 - 120 Days Past Due 121 - 150 Days Past Due 151 - 180 Days Past Due 181 - 210 Days Past Due 211 - 240 Days Past Due 241 - 270 Days Past Due 271 - 300 Days Past Due 301 - 330 Days Past Due 331 - 360 Days Past Due 361 or more Days Past Due Repossessions Being Held in Inventory Total

Amount 533,936,913.31 454,878,694.52

13,207,057.22 153,000.00 108,253.07 194,138.66

441,216,245.57 0.00

441,216,245.57 82.63%

As of Cutoff Date

7.06% 46.63 16.74

Number of Receivables 5,875 5,580

5,515 Current 7.09%

41.72 22.10

Amount

432,324,019.62 4,349,328.28 1,889,320.91 1,051,756.48 383,634.78 148,002.78 238,312.25 0.00 0.00 0.00 0.00 0.00 0.00 831,870.47

441,216,245.57

Number of Receivables

5,385 67 20 14 5 6 1 0 0 0 0 0 0 17

5,515

Page 5 of 7 Amounts in USD

Percentage of Aggregate Receivable Balance

97.98% 0.99% 0.43% 0.24% 0.09% 0.03% 0.05% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.19% 100.00%

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