SEC Info℠  
    Home      Search      My Interests      Help      Sign In      Please Sign In

Ally Auto Receivables Trust 2019-4, et al. – ‘10-D’ for 2/29/20 – ‘EX-99’

On:  Monday, 3/30/20, at 2:14pm ET   ·   For:  2/29/20   ·   Accession #:  1793667-20-24   ·   File #s:  333-163392, 333-228265-03

Previous ‘10-D’:  ‘10-D’ on 2/27/20 for 1/31/20   ·   Next:  ‘10-D’ on 4/27/20 for 3/31/20   ·   Latest:  ‘10-D’ on 7/19/23 for 6/30/23

Find Words in Filings emoji
 		  in    Show  and   ↓Hints

  As Of               Filer                 Filing    For·On·As Docs:Size

 3/30/20  Ally Auto Recs Trust 2019-4       10-D        2/29/20    2:511K
          Ally Auto Assets LLC

Asset-Backed Securities (ABS)

Asset Class:  Auto loans   ·   Sponsor:  Ally Bank   ·   Depositor:  Ally Auto Assets LLC

Distribution Report by an Asset-Backed Issuer   —   Form 10-D   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-D        Distribution Report by an Asset-Backed Issuer       HTML     28K 
 2: EX-99       Miscellaneous Exhibit                               HTML    138K

‘EX-99’   —   Miscellaneous Exhibit

This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]

 <!   C:   C: 
  Exhibit  
Statement to Securityholder 
Ally Auto Receivables Trust 2019-4
 
Distribution Information
Deal Information
 
 
 
1. Distribution Summary
Deal:
Ally Auto Receivables Trust 2019-4
 
 
 
2. Factor Summary
Asset Type:
Consumer Retail
 
 
 
3. Interest Summary
Closing Date:
12/11/2019
 
 
 
4. Collections and Distributions
Bloomberg Ticker:
ALLYA 2019-4
 
 
 
5. Collateral Summary
Collection Period, Begin:
2/1/2020
 
Collection Period, End:
2/29/2020
6. Charge-Off and Delinquency Rates
Determination Date:
3/10/2020
 
Distribution Date:
3/16/2020
7. Credit Instruments
 
 
 
ABS Investor Relations - Ally Bank as Servicer:
8. Performance Tests
     Telephone:
(866) 710-4623
 
     E-Mail:
securitization@ally.com
9. Asset Representations Delinquency Triggers
 
 
The Class B Notes, Class C Notes, and Class D Notes have not been registered under the United States Securities Act of 1933, as amended (the "Securities Act"), or the securities laws of any other jurisdiction. The Class B Notes, Class C Notes, and the Class D Notes are not transferable, other than to a qualified institutional buyer (as defined in Rule 144A) or pursuant to another exemption under the Securities Act, and subject to satisfaction of certain other provisions of the Indenture.

                            

    

During the January 2020 Collection Period the Servicer successfully converted to a new servicing and accounting technology platform for over four million customers, including the Obligors related to the Receivables and activity disclosed in this Statement to Securityholder. The information in this Statement to Securityholder reflects Collection Period activity as impacted by the servicing and accounting technology platform conversion, including the ongoing resolution of a limited conversion backlog with respect to certain servicing activities and the implementation of certain information technology coding changes.

                                    

Page 1 of 8



Statement to Securityholder 
Ally Auto Receivables Trust 2019-4
1. Distribution Summary  
Class
CUSIP
Initial Note
Beginning Note
Note Rate
Principal
Interest
Pass Through
Total
Principal
Interest
Ending Note
 
 
Principal Balance
Principal Balance
 
Distribution
Distribution
Distribution
Distribution
Carryover Shortfall
Carryover Shortfall
Principal Balance
 
 
 
 
 
 
 
 
(3) + (4) + (5)  = (6)
 
 
(1) - (3) - (7) = (9)
 
 
 
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
A-1
02007TAA3
252,000,000.00
122,107,542.02
1.84713000
38,203,655.13
169,161.38
N/A
38,372,816.51
0.00
0.00
83,903,886.89
A-2
02007TAB1
330,000,000.00
330,000,000.00
1.93000000
0.00
530,750.00
N/A
530,750.00
0.00
0.00
330,000,000.00
A-3
02007TAC9
336,000,000.00
336,000,000.00
1.84000000
0.00
515,200.00
N/A
515,200.00
0.00
0.00
336,000,000.00
A-4
02007TAD7
73,690,000.00
73,690,000.00
1.92000000
0.00
117,904.00
N/A
117,904.00
0.00
0.00
73,690,000.00
B
02007TAE5
22,060,000.00
22,060,000.00
2.14000000
0.00
39,340.33
N/A
39,340.33
0.00
0.00
22,060,000.00
C
02007TAF2
18,380,000.00
18,380,000.00
2.34000000
0.00
35,841.00
N/A
35,841.00
0.00
0.00
18,380,000.00
D
02007TAG0
13,660,000.00
13,660,000.00
2.59000000
0.00
29,482.83
N/A
29,482.83
0.00
0.00
13,660,000.00
Certificates
N/A
N/A
N/A
N/A
N/A
N/A
2,583,650.14
2,583,650.14
N/A
N/A
N/A
Deal Totals
 
1,045,790,000.00
915,897,542.02
 
38,203,655.13
1,437,679.54
2,583,650.14
42,224,984.81
0.00
0.00
877,693,886.89


Page 2 of 8



Statement to Securityholder 
Ally Auto Receivables Trust 2019-4
2. Factor Summary
(Amount per $1,000 of Original Principal) 
Class
Beginning Note Pool Factor
Principal Distribution Factor
Interest Distribution Factor
Total Distribution Factor
Interest Carryover Shortfall Factor
Ending Note Pool Factor
 
 
 
 
 
 
 
A-1
484.5537382
151.6018061
0.6712753
152.2730814
0.0000000
332.9519321
A-2
1,000.0000000
0.0000000
1.6083333
1.6083333
0.0000000
1,000.0000000
A-3
1,000.0000000
0.0000000
1.5333333
1.5333333
0.0000000
1,000.0000000
A-4
1,000.0000000
0.0000000
1.6000000
1.6000000
0.0000000
1,000.0000000
B
1,000.0000000
0.0000000
1.7833332
1.7833332
0.0000000
1,000.0000000
C
1,000.0000000
0.0000000
1.9500000
1.9500000
0.0000000
1,000.0000000
D
1,000.0000000
0.0000000
2.1583331
2.1583331
0.0000000
1,000.0000000

Beginning Aggregate Note Pool Factor:
875.7948938
Ending Aggregate Note Pool Factor:
839.2639888
 
 
Beginning Reserve Account Balance Factor:
1,000.0000000
Reserve Account Draw, distributed to Noteholders, Factor:
0.0000000
Reserve Account Draw, distributed to Certificateholders, Factor:
0.0000000
Ending Reserve Account Balance Factor:
1,000.0000000


Page 3 of 8



Statement to Securityholder 
Ally Auto Receivables Trust 2019-4

3. Interest Summary

A. Target Interest Summary
 Class
 
 Beginning Note Principal Balance
 
Interest Accrual Period, Start
 Interest Accrual Period, End
 Accrual Methodology
 
 Applicable Index
 Margin
 Fixed
 
 Note Rate
 
Target Interest Distribution
A-1
 
122,107,542.02
 
2/18/2020
3/15/2020
Actual/360
 
N/A
N/A
1.84713000
 
1.84713000
 
169,161.38
A-2
 
330,000,000.00
 
2/18/2020
3/15/2020
30/360
 
N/A
N/A
1.93000000
 
1.93000000
 
530,750.00
A-3
 
336,000,000.00
 
2/18/2020
3/15/2020
30/360
 
N/A
N/A
1.84000000
 
1.84000000
 
515,200.00
A-4
 
73,690,000.00
 
2/18/2020
3/15/2020
30/360
 
N/A
N/A
1.92000000
 
1.92000000
 
117,904.00
B
 
22,060,000.00
 
2/18/2020
3/15/2020
30/360
 
N/A
N/A
2.14000000
 
2.14000000
 
39,340.33
C
 
18,380,000.00
 
2/18/2020
3/15/2020
30/360
 
N/A
N/A
2.34000000
 
2.34000000
 
35,841.00
D
 
13,660,000.00
 
2/18/2020
3/15/2020
30/360
 
N/A
N/A
2.59000000
 
2.59000000
 
29,482.83
    

B. Interest Payment Amount Summary
 Class
 
Beginning Unpaid Interest Carryover Shortfall
 
 Target Interest Distribution
 Interest Shortfall Amount Allocated/(Repaid)
 Actual Interest Distribution

(2) - (3) = (4)
 
 Remaining Unpaid Interest Carryover Shortfall

(1) - (3) = (5)
 
 
(1)
 
(2)
(3)
(4)
 
(5)
A-1
 
0.00
 
169,161.38
0.00
169,161.38
 
0.00
A-2
 
0.00
 
530,750.00
0.00
530,750.00
 
0.00
A-3
 
0.00
 
515,200.00
0.00
515,200.00
 
0.00
A-4
 
0.00
 
117,904.00
0.00
117,904.00
 
0.00
B
 
0.00
 
39,340.33
0.00
39,340.33
 
0.00
C
 
0.00
 
35,841.00
0.00
35,841.00
 
0.00
D
 
0.00
 
29,482.83
0.00
29,482.83
 
0.00
Deal Totals
 
0.00
 
1,437,679.54
0.00
1,437,679.54
 
0.00





Page 4 of 8



Statement to Securityholder
Ally Auto Receivables Trust 2019-4
4. Collections and Distributions
Collections
Receipts During the Period
42,888,252.53
 
Administrative Purchase Payments
32,786.08
 
Warranty Payments
0.00
 
Liquidation Proceeds Including Recoveries (Net of Liquidation Expenses)
80,074.82
 
Other Fees or Expenses Paid
0.00
 
Total Collections
43,001,113.43
 
 
 
 
Beginning Reserve Account Balance
2,626,306.96
 
Total Available Amount
45,627,420.39
 
 
 
 
Distributions
Total Available Amount
45,627,420.39
 
Basic Servicing Fee
774,628.62
 
Amounts owing to the Asset Representations Reviewer, Indenture Trustee, and Vote Tabulation Agent in connection with an Asset Representations Review
0.00
 
Aggregate Class A Interest Distributable Amount
1,333,015.38
 
First Priority Principal Distributable Amount
0.00
 
Aggregate Class B Interest Distributable Amount
39,340.33
 
Second Priority Principal Distributable Amount
0.00
 
Aggregate Class C Interest Distributable Amount
35,841.00
 
Third Priority Principal Distributable Amount
10,886,858.93
 
Aggregate Class D Interest Distributable Amount
29,482.83
 
Fourth Priority Principal Distributable Amount
13,660,000.00
 
Reserve Account Deposit
2,626,306.96
 
Noteholders' Regular Principal Distributable Amount
13,656,796.20
 
Indenture Trustee expenses
0.00
 
Unpaid Fees due to Owner Trustee, Indenture Trustee, Administrator and Asset Representations Reviewer
1,500.00
 
Excess Total Available Amount to the Certificateholders
2,583,650.14
 
 
 
 
Supplemental Servicing Fees
67,363.88
 
Other Fees or Expenses Accrued
0.00
 
Liquidation Expenses
5,400.00
 

Page 5 of 8



Statement to Securityholder
Ally Auto Receivables Trust 2019-4
 
5. Collateral Summary
 
A. Balances
 
Original Balance
Beginning Balance
Ending Balance
Deal Totals
 Number of Receivables
66,361

62,851

61,457

 Aggregate Receivables Principal Balance
1,050,522,784.44

929,554,338.22

891,350,683.09

 Aggregate Amount Financed
1,050,522,784.44

929,554,338.22

891,350,683.09


There have been no receivables with respect to which material breaches of pool asset representations or warranties or transaction covenants have occurred.

B. Pool Composition - Weighted Averages
 
Inception
Beginning
Ending
Inception
Beginning
Ending
Inception
Beginning
Ending
 
Weighted
Weighted
Weighted
Weighted
Weighted
Weighted
Weighted
Weighted
Weighted
 
Average
Average
Average
Average
Average
Average
Average
Average
Average
 
Coupon
Coupon
Coupon
Original
Original
Original
Remaining
Remaining
Remaining
 
 
 
 
Maturity
Maturity
Maturity
Maturity
Maturity
Maturity
Deal Totals
6.63000000

6.67365016

6.68485698

66.83

66.90

66.94

52.95

50.82

50.13


C. Pool Composition - Prepayments
Month
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
Monthly
1.38%
1.55%
1.38%
1.41%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Month
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
Monthly
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Month
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
Monthly
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Page 6 of 8



Statement to Securityholder
Ally Auto Receivables Trust 2019-4

6. Charge-Off and Delinquency Rates
 
A. Current
 
Charge-Off Rate
 
 
Delinquency Rate
 
Average Aggregate
Amount Financed
Number of Units Charged-Off
Net Charge-Offs
Average Net Charge-Offs
Loss Rate
 
Total Accounts
Accounts over 60
Percent Delinquent
Current
910,452,510.66
18
183,185.53
10,176.97
0.2414
%
 
61,457
142
0.2311
%
Preceding
948,847,593.26
4
42,599.65
10,649.91
0.0539
%
 
62,851
155
0.2466
%
Next Preceding
989,269,242.91
4
28,250.29
7,062.57
0.0343
%
 
64,062
78
0.1218
%
Third Preceding
1,030,460,210.98
0
0.00
0.00
0.0000
%
 
Three Month Average
0.1998
%
Four Month Average
 
 
 
 
0.0824
%
 
 
 
 
B. Cumulative
 
Aggregate Amount
Cumulative Net
Cumulative Loss Rate
 
Delinquency
Total
Total Balance
Percent
 
Financed
Charge-Offs
 
 
Stratification
Accounts
Delinquent
Totals
1,050,522,784.44
254,035.47
0.0242
%
 
31 - 60 days
476
6,680,833.79
0.7495
%
The information contained in this report is defined or determined in a manner consistent with the prospectus for Ally Auto Receivables
61 - 90 days
102
1,345,270.10
0.1509
%
Trust 2019-4 related to delinquencies, charge-offs or uncollectible accounts.
91 - 120 days
39
432,245.61
0.0485
%
 
> 120 days
1
36,147.34
0.0041
%
There have been no material changes in determining delinquencies, charge-offs or uncollectible amounts.
 
 
 
 
 
 
 
 
 
Bankruptcies
Total Accounts
Total Balance
 
Prior Period1
70
859,374.02
 
Additions
23
310,276.31
1. Total Balance for Prior Period reflects the aggregate balance as of the last day of the related Collection Period.
Removals2
1
0.00
2. Removals include bankruptcies returned to active status, bankruptcies paid-in-full, and charge-offs on prior period bankruptcies.
Ending Inventory
92
1,169,650.33
 
 
 
 
 
7. Credit Instruments
 
A. Reserve Accounts
Account
 
Initial Balance
 
Beginning Balance
ADDITIONS
REDUCTIONS
Ending Balance
 
Specified Reserve
Account Balance
Draws
Releases
Cash Reserve
 
2,626,306.96

 
2,626,306.96

0.00
0.00
0.00
2,626,306.96
 
2,626,306.96


Page 7 of 8



Statement to Securityholder
Ally Auto Receivables Trust 2019-4
8. Performance Tests
Event of Default
All Tests Passed

 
Servicer Default
All Tests Passed

 
Asset Representations Review Delinquency Trigger
PASS

 
Overcollateralization Target reached?
YES

 
Initial Overcollateralization
4,732,784.44

 
Current Overcollateralization
13,656,796.20

 
Overcollateralization Target
13,656,796.20

 
 
9. Asset Representations Delinquency Triggers
Period
1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

Trigger Level
1.70
%
1.70
%
1.70
%
1.70
%
1.70
%
1.70
%
1.70
%
1.70
%
1.70
%
1.70
%
1.70
%
1.70
%
2.30
%
2.30
%
2.30
%
2.30
%
2.30
%
2.30
%
2.30
%
2.30
%
61+ Delinquencies
0.00
%
0.12
%
0.24
%
0.20
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period
21

22

23

24

25

26

27

28

29

30

31

32

33

34

35

36

37

38

39

40

Trigger Level
2.30
%
2.30
%
2.30
%
2.30
%
2.80
%
2.80
%
2.80
%
2.80
%
2.80
%
2.80
%
2.80
%
2.80
%
2.80
%
2.80
%
2.80
%
2.80
%
3.80
%
3.80
%
3.80
%
3.80
%
61+ Delinquencies
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period
41

42

43

44

45

46

47

48

49

50

51

52

53

54

55

56

57

58

59

60

Trigger Level
3.80
%
3.80
%
3.80
%
3.80
%
3.80
%
3.80
%
3.80
%
3.80
%
3.80
%
3.80
%
3.80
%
3.80
%
3.80
%
3.80
%
3.80
%
3.80
%
3.80
%
3.80
%
3.80
%
3.80
%
61+ Delinquencies
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

There have been no material modifications, extensions or waivers relating to the terms of or fees, penalties or payments on, pool assets during the distribution period or
that, cumulatively, have become material over time.
This Servicer Certificate relates only to AART 2019-4. This Servicer Certificate should not be relied upon with respect to any other security. The information contained
herein is only an indication of past performance and does not predict how AART 2019-4 will perform in the future.



Page 8 of 8


↑Top
Filing Submission 0001793667-20-000024   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)
Copyright © 2024 Fran Finnegan & Company LLC – All Rights Reserved.
About — Privacy — Redactions — Help — Sun., Apr. 28, 5:21:49.1am ET