UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549





FORM 10-K





(Mark One)

|☒ | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
|- | ------------------------------------------------------------------------------------

For the fiscal year ended: December 31, 2017

or



|☐ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
|- | ----------------------------------------------------------------------------------------

For the transition period from
 to
.



|                                                       |  |                                                       
|------------------------------------------------------ |  | ------------------------------------------------------
|Commission File Number of issuing entity: 333-75276    |  | Commission File Number of issuing entity: 000-25762   
|Central Index Key Number of issuing entity: 0001163321 |  | Central Index Key Number of issuing entity: 0000922869







|                                                                                 |  |                                                                                                  
|-------------------------------------------------------------------------------- |  | -------------------------------------------------------------------------------------------------
|CAPITAL ONE MULTI-ASSET
EXECUTION TRUST*                                         |  | CAPITAL ONE MASTER TRUST                                                                         
|(Exact Name of Issuing Entity as Specified in Its Charter)
(Issuer of the Notes) |  | (Exact Name of Issuing Entity as Specified in Its Charter)
(Issuer of the 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)







|                                                                                     |  |                                                                                     
|------------------------------------------------------------------------------------ |  | ------------------------------------------------------------------------------------
|Delaware                                                                             |  | New York                                                                            
|(State or Other Jurisdiction of Incorporation
or Organization of the Issuing Entity) |  | (State or Other Jurisdiction of Incorporation
or Organization of the Issuing Entity)
|                                                                                     | 
|c/o Capital One Funding, LLC
140 East Shore Drive Room
1071-B Glen Allen, VA 23059   |  | c/o Capital One Funding, LLC
140 East Shore Drive Room
1071-B Glen Allen, VA 23059  
|(Address of Principal Executive Offices
of Issuing Entity)                           |  | (Address of Principal Executive Offices
of Issuing Entity)                          
|                                                                                     | 
|(804) 290-6959                                                                       |  | (804) 290-6959                                                                      
|(Registrants telephone number, including area code)                                 |  | (Registrants telephone number, including area code)                                
|                                                                                     | 
|Not Applicable                                                                       |  | Not Applicable                                                                      
|(I.R.S. Employer Identification No.)                                                 |  | (I.R.S. Employer Identification No.)                                                





Securities registered pursuant to Section 12(b) of the Act: None

Securities registered pursuant to Section 12(g) of the Act: None





Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities
Act.    ☐  Yes    ☒  No

Indicate by check mark if the registrant is not required
to file reports pursuant to Section 13 or Section 15(d) of the Act.    ☐  Yes    ☒  No

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    ☐  No

Indicate by check mark whether the
registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§ 232.405 of
this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).    ☒  Yes    ☐  No [Rule 405 of
Regulation S-T is not applicable.]

Indicate by check mark if disclosure of delinquent filers pursuant to
Item 405 of Regulation S-K (§ 229.405 of this chapter) is not contained herein, and will not be contained, to the best of registrants knowledge, in definitive proxy or information statements
incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K.    ☒  [Item 405 of Regulation S-K is not applicable.]

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated
filer, a non-accelerated filer, a smaller reporting company, or emerging growth company. See the definitions of large accelerated filer, accelerated filer, smaller reporting
company, and emerging growth company in Rule 12b-2 of the Exchange Act. (Check one):



|                        |  |                                                  |  |                           |  |  
|----------------------- |  | ------------------------------------------------ |  | ------------------------- |  | -
|Large accelerated filer |  | ☐                                                |  | Accelerated filer         |  | ☐
|Non-accelerated filer   |  | ☒  (Do not check if a smaller reporting company) |  | Smaller reporting company |  | ☐
|                        |  |                                                  | 
|                        |  |                                                  |  | Emerging growth company   |  | ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period
for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

Indicate
by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).    ☐  Yes    ☒  No

Registrant has no voting or non-voting common equity outstanding held by
non-affiliates.

Documents Incorporated by Reference. See Item 15(b).





|* | In accordance with relevant regulations of the Securities and Exchange Commission, the depositor files annual and other reports with the Commission on behalf of Capital One Multi-asset Execution Trust and Capital One
Master Trust under the Central Index Key (CIK) number (0001163321) for Capital One Multi-asset Execution Trust.
|- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------









---

PART I

The following Items have been omitted in accordance with General Instruction J to Form 10K:



|Item 1. | Business.
|------- | ---------



|Item 1A. | Risk Factors.
|-------- | -------------



|Item 2. | Properties.
|------- | -----------



|Item 3. | Legal Proceedings.
|------- | ------------------



|Item 1B. | Unresolved Staff Comments.
|-------- | --------------------------

Not Applicable.



|Item 4. | Mine Safety Disclosures.
|------- | ------------------------

Not Applicable.

Substitute information provided in accordance with General Instruction J to Form 10K:

Item 1112(b) of Regulation AB. Significant Obligors of Pool Assets (Financial Information).

The primary asset of the issuing entity is the collateral certificate, Series 2002-CC, representing an
undivided interest in Capital One Master Trust, whose assets include the receivables arising in a portfolio of credit card accounts. Capital One Master Trust, therefore, may be considered a significant obligor in relation to Capital One Multi-asset
Execution Trust. Pursuant to Instruction 2.b. to Item 1112(b) of Regulation AB, the information required by Instruction J to Form 10-K in respect of Capital One Master Trust has been disclosed in this
report on Form 10-K in lieu of the information otherwise contemplated by Item 1112(b).

The
pool assets held by Capital One Master Trust do not include any significant obligors.

Item 1114(b)(2) of Regulation AB: Credit Enhancement and
Other Support, Except for Certain Derivatives Instruments (Financial Information).

Based on the standards set forth in
Item 1114(b)(2) of Regulation AB, no information is required in response to this Item.

Item 1115(b) of Regulation AB: Certain Derivatives
Instruments (Financial Information).

Based on the standards set forth in Item 1115(b) of Regulation AB, no information is
required in response to this Item.

Item 1117 of Regulation AB: Legal Proceedings.

Litigation claims and proceedings of all types are subject to many uncertain factors that generally cannot be predicted with assurance. Below
we provide a description of certain legal proceedings and claims.

Interchange Litigation

In 2005, a number of entities, each purporting to represent a class of retail merchants, filed antitrust lawsuits against MasterCard
International (MasterCard) and Visa U.S.A., Inc. (Visa) and several member banks, including Capital One Financial Corporation (the Corporation) and its subsidiaries, including Capital One Bank (USA), National
Association (the Bank), alleging among other things, that the defendants conspired to fix the level of interchange fees. The complaints seek injunctive relief and civil monetary damages, which could be trebled. Separately, a number of
large merchants have asserted similar claims against Visa and MasterCard only (together with the lawsuits described above, Interchange Lawsuits). In October 2005, the class and merchant Interchange Lawsuits were consolidated before the
U.S. District Court for the Eastern District of New York for certain purposes, including discovery. In July 2012, the parties executed and filed with the court a Memorandum of Understanding agreeing to resolve the litigation on certain terms set
forth in a settlement agreement attached to the Memorandum. The class settlement provides for, among other things, (i) payments by defendants to the class and individual plaintiffs totaling approximately $6.6 billion; (ii) a
distribution to the class merchants of an amount equal to 10 basis points of certain interchange transactions for a period of eight months; and (iii) modifications to certain Visa and MasterCard rules regarding point of sale practices. In
December 2013, the district court granted final approval of the proposed class settlement, which was appealed to the Second Circuit Court of Appeals in January 2014. On June 30, 2016, the Second Circuit Court of Appeals vacated the district
courts certification of the class, reversed approval of the proposed class settlement, and remanded the litigation to the district court for further proceedings, ruling that some of the merchants that were part of the proposed class settlement
were not adequately represented. Because the Second Circuit ruling remands the litigation to the district court for further proceedings, the ultimate outcome in this matter is uncertain.



---

Several merchant plaintiffs also opted out of the class settlement before it was overturned, some
of which have sued MasterCard, Visa and various member banks, including the Bank. The opt-out cases are consolidated before the U.S. District Court for the Eastern District of New York for certain purposes,
including discovery. Visa and MasterCard have settled a number of individual opt-out cases, requiring non-material payments from all banks, including the Bank.

Separate settlement and judgment sharing agreements between the Bank and MasterCard and Visa allocate the liabilities of any judgment or
settlement arising from the Interchange Lawsuits and associated opt-out cases. Visa created a litigation escrow account following its IPO of stock in 2008, which funds any settlements for its member banks, and
any settlements related to MasterCard allocated losses are reflected in the Corporations reserves.

Other Pending and Threatened
Litigation

In addition, the Corporation and its subsidiary banks (including the Bank) are commonly subject to various pending and
threatened legal actions relating to the conduct of their normal business activities. In the opinion of management, the ultimate aggregate liability, if any, arising out of all such other pending or threatened legal actions will not be material to
the issuing entitys investors.

Trustee Litigation

In the ordinary course of business, The Bank of New York Mellon is named as a defendant in or made a party to pending and potential legal
actions. In connection with its role as trustee of certain residential mortgage-backed securitization (RMBS) transactions, The Bank of New York Mellon has been named as a defendant in a number of legal actions brought by RMBS investors. These
lawsuits allege that the trustee had expansive duties under the governing agreements, including the duty to investigate and pursue breach of representation and warranty claims against other parties to the RMBS transactions. While it is inherently
difficult to predict the eventual outcomes of pending actions, The Bank of New York Mellon denies liability and intends to defend the litigations vigorously.

The Bank of New York Mellon has provided us with the information under the caption Trustee Litigation immediately above in
response to the requirements of Regulation AB. Neither the Corporation nor its subsidiary banks (including the Bank) is a party to any such litigation. Other than the information regarding trustee litigation immediately above and the information
concerning The Bank of New York Mellon specified in this Form 10-K under the caption Item 1122 of Regulation AB: Compliance with Applicable Servicing Criteria and in Exhibits 33.2 and 34.2 to this
Form 10-K, The Bank of New York Mellon has not participated in the preparation of, and is not responsible for, any other information contained in this Form 10-K.

PART II

The following Items have been
omitted in accordance with General Instruction J to Form 10K:



|         |  |                                                                                                              
|-------- |  | -------------------------------------------------------------------------------------------------------------
|Item 5.  |  | Market for Registrants Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.
|         | 
|Item 6.  |  | Selected Financial Data.                                                                                     
|         | 
|Item 7.  |  | Managements Discussion and Analysis of Financial Condition and Results of Operations.                       
|         | 
|Item 7A. |  | Quantitative and Qualitative Disclosures about Market Risk.                                                  
|         | 
|Item 8.  |  | Financial Statements and Supplementary Data.                                                                 
|         | 
|Item 9.  |  | Changes in and Disagreements With Accountants on Accounting and Financial Disclosure.                        
|         | 
|Item 9A. |  | Controls and Procedures.                                                                                     



|Item 9B: | Other Information.
|-------- | ------------------

None.



---

PART III

The following Items have been omitted in accordance with General Instruction J to Form 10K:



|Item 10. | Directors, Executive Officers and Corporate Governance.
|-------- | -------------------------------------------------------



|Item 11. | Executive Compensation.
|-------- | -----------------------



|Item 12. | Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.
|-------- | -----------------------------------------------------------------------------------------------



|Item 13. | Certain Relationships and Related Transactions, and Director Independence.
|-------- | --------------------------------------------------------------------------



|Item 14. | Principal Accounting Fees and Services.
|-------- | ---------------------------------------

Substitute information provided in accordance with General
Instruction J to Form 10K:

Item 1119 of Regulation AB: Affiliations and Certain Relationships and Related Transactions.

Information required by Item 1119 of Regulation AB has been omitted from this report on
Form 10-K in reliance on the Instruction to Item 1119.

Item 1122 of Regulation AB: Compliance
with Applicable Servicing Criteria.

Each of the Bank, for itself and on behalf of its affiliate Capital One Services, LLC
(COSL), and The Bank of New York Mellon (each, a Servicing Participant) has been identified by the registrant as a party participating in the servicing function with respect to the pool assets held by each of Capital One
Master Trust and Capital One Multi-asset Execution Trust. Each Servicing Participant has completed a report on an assessment of compliance with the servicing criteria applicable to such Servicing Participant (each, a Report on
Assessment) as of, and for the twelve month period ended, December 31, 2017, which Reports on Assessment are included as exhibits to this Form 10-K. In addition, each Servicing Participant has
provided an attestation report (each, an Attestation Report) by a registered independent public accounting firm regarding its related Report on Assessment. Each Attestation Report is attached as an exhibit to this Form 10-K.

Vendors

A Servicing Participant may engage one or more vendors to perform specific and limited, or scripted activities that address all or a portion of
one or more servicing criteria applicable to such Servicing Participant. In general in these cases, the Servicing Participant has instituted policies and procedures to monitor whether such vendors activities comply in all material respects
with such servicing criteria, and may elect to take responsibility for assessing compliance with the servicing criteria applicable to such vendors activities in such Servicing Participants Report on Assessment. Where the Servicing
Participant has not instituted such policies and procedures, or where the Servicing Participant does not otherwise elect to take responsibility for assessing its vendors activities, the vendor is itself treated as a Servicing Participant and
is required to provide its own Report on Assessment and related Attestation Report.

Except as disclosed below, no Report on Assessment or
related Attestation Report has identified (i) any material instance of noncompliance with the servicing criteria identified in such Report on Assessment as applicable to the related Servicing Participant or (ii) any material deficiency in
such Servicing Participants policies and procedures to monitor vendor compliance.

Exceptions:

The Bank of New York Mellon: The Bank of New York Mellons Report on Assessment and the related Attestation Report prepared by KPMG
LLP have identified material noncompliance with one servicing criterion applicable to The Bank of New York Mellon.

Servicing criterion
1122(d)(3)(i)(A) contemplates that reports to investors, including those to be filed with the Commission, are maintained in accordance with the transaction agreements and applicable Commission requirements. Specifically, such reports are prepared in
accordance with timeframes and other terms set forth in the transaction agreements.

Noncompliance: The Bank of New York Mellon
indicates that during the reporting period, certain reports to investors were not prepared in accordance with the timeframes set forth in the transaction agreements. These reports contain the information that is also required to be filed with the
Commission in distribution reports in Form 10-D.



---

Remediation: The Bank of New York Mellon indicates that the above finding relates to
reports sent to the registered holders of some resecuritization and repackage transactions. These reports were delivered outside the timeframe set forth in the transaction agreements. The Bank of New York Mellon further indicates that its management
has enhanced controls in order to better ensure reports are delivered timely to investors. They also indicate that the related distribution reports on Form 10-D were timely filed with the Commission.

The Bank of New York Mellon has also confirmed that none of the identified instances of noncompliance involved the servicing of pool assets
held by either Capital One Multi-Asset Execution Trust or by Capital One Master Trust.

We have not independently verified the accuracy of
The Bank of New York Mellons assertions or the adequacy of its remediation efforts.

Platform-Level Reports

Regulations of the SEC require that each Servicing Participant complete a Report on Assessment at a platform level, meaning that
the transactions covered by the Report on Assessment should include all asset-backed securities transactions involving such Servicing Participant that are backed by the same asset type. Further guidance from the SEC staff identifies additional
parameters which a Servicing Participant may apply to define and further limit its platform. For example, a Servicing Participant may define its platform to include only transactions that were completed on or after January 1, 2006 and that were
registered with the SEC pursuant to the Securities Act of 1933. Each Servicing Participant is responsible for defining its own platform, and each platform will naturally differ based on various factors, including the Servicing Participants
business model, the transactions in which it is involved and the range of activities performed in those transactions.

Based on our
understanding of their platforms and the guidance that is available at this time, we believe that the parameters by which the Servicing Participants have defined their platforms should be permissible. However, because the guidance available at this
time is subject to clarification or change, we cannot assure you that the SEC and its staff will necessarily agree.

Item 1123 of Regulation AB:
Servicer Compliance Statement.

Each of the Bank, COSL and Capital One, National Association. has been identified by the registrant as
a servicer meeting the criteria of Item 1108(a)(2)(i), (ii) or (iii) of Regulation AB with respect to the pool assets held by each of Capital One Master Trust and Capital One Multi-asset Execution Trust. Each of these servicers has provided a
statement of compliance (a Compliance Statement), which has been signed by an authorized officer of such related servicer. Each Compliance Statement is attached as an exhibit to this Form 10-K.

PART IV

Item 15. Exhibits
and Financial Statement Schedules.

(a)(1) Not Applicable.

(a)(2) Not Applicable.

(a)(3)
The exhibits required by Item 601 of regulation S-K are listed in the Exhibit Index.

(b)
Exhibits.

Exhibit Index



|               |  |                                                                                                                                                                                                                                                                                                                                               
|-------------- |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Exhibit
Number |  | Description                                                                                                                                                                                                                                                                                                                                   
|               | 
|3.1            |  | Amended and Restated Limited Liability Company Agreement of Capital One Funding, LLC dated as of July 
31, 2002 (incorporated by reference to Exhibit 3.1 to Amendment No. 1 to Form S-3 Registration Statement (File Nos. 333-75276, 333-75276-01 and 333-75276-02) filed with the Securities and Exchange Commission on September 13, 2002).
|               | 
|3.2            |  | First Amendment dated as of March 
1, 2008 to the Amended and Restated Limited Liability Company Agreement (incorporated by reference to Exhibit 3.1 to the Current Report on Form 8-K filed with the Securities and Exchange Commission on March 4,
 2008).                                                                                  
|               | 
|4.1            |  | Amended and Restated Receivables Purchase Agreement dated as of July 
1, 2007 between Capital One Funding, LLC and Capital One Bank (USA), National Association (incorporated by reference to Exhibit 4.1 to the Current Report on Form 8-K filed with the Securities and Exchange Commission
 on July 6, 2007).                              



---

|     |  |                                                                                                                                                                                                                                                                                                                                                                                                 
|---- |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|     | 
|4.2  |  | First Amendment 
dated as of March 1, 2008 to the Amended and Restated Receivables Purchase Agreement (incorporated by reference to Exhibit 4.1 to the Current Report on Form 8-K filed with the Securities and Exchange Commission on March 4, 2008).                                                                                                                                          
|     | 
|4.3  |  | Second Amendment dated as of March 
17, 2016 to the Amended and Restated Receivables Purchase Agreement (incorporated by reference to Exhibit 4.1 to the Current Report on Form 8-K filed with the Securities and Exchange Commission on March 
17, 2016).                                                                                                                                      
|     | 
|4.4  |  | Indenture for the Notes dated as of October 9, 2002, as amended and restated as of January 13, 2006 and March 
17, 2016 (incorporated by reference to Exhibit 4.4 to the Current Report on Form 8-K filed with the Securities and Exchange Commission on March 17, 2016).                                                                                                                       
|     | 
|4.5  |  | Asset Pool 1 Supplement for the Notes dated October 9, 2002 (incorporated by reference to Exhibit 4.5 to the Current Report on Form 8-K filed with the Securities and Exchange Commission on November 12, 2002).                                                                                                                                                                                
|     | 
|4.6  |  | First Amendment dated as of March 
1, 2008 to the Asset Pool 1 Supplement (incorporated by reference to Exhibit 4.8 to the Current Report on Form 8-K filed with the Securities and Exchange Commission on March 4, 2008).                                                                                                                                                                      
|     | 
|4.7  |  | Card Series Indenture Supplement for the Notes dated as of October 9, 2002, as amended and restated as of March 
17, 2016 (incorporated by reference to Exhibit 4.5 to the Current Report on Form 8-K filed with the Securities and Exchange Commission on March 17, 2016).                                                                                                                     
|     | 
|4.8  |  | 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 on March 17, 2016 (incorporated by reference to Exhibit 4.3 to the Current Report on Form 8-K filed with the Securities and Exchange Commission
on March 17, 2016).                                                            
|     | 
|4.9  |  | Amended and Restated Pooling and Servicing Agreement, dated as of September 30, 1993, and as amended and restated as of August 
1, 2002, January 13, 2006, July 1, 2007 and March 
17, 2016 (incorporated by reference to Exhibit 4.2 to the Current Report on Form 8-K filed with the Securities and Exchange Commission on March 17, 2016).                                                   
|     | 
|4.10 |  | First Amendment dated as of January 
27, 2017 to Amended and Restated Pooling and Servicing Agreement (incorporated by reference to Exhibit 4.1 to the Current Report on Form 8-K filed with the Securities and Exchange Commission on January 
27, 2017).                                                                                                                                      
|     | 
|4.11 |  | Asset Representations Review Agreement, dated as of March 
17, 2016 (incorporated by reference to Exhibit 4.6 to the Current Report on Form 8-K filed with the Securities and Exchange Commission on March 17, 2016).                                                                                                                                                                           
|     | 
|4.12 |  | Dispute Resolution Agreement, dated as of March 17, 2016 (incorporated by reference to Exhibit 4.7 to the Current Report on Form 8-K filed with the Securities and Exchange Commission on March 17, 2016).                                                                                                                                                                                      
|     | 
|4.13 |  | Defaulted Receivables Supplemental Servicing Agreement dated as of July 
15, 2010 (incorporated by reference to Exhibit 99.1 to the Current Report on Form 8-K filed with the Securities and Exchange Commission on July 15, 2010).                                                                                                                                                             
|     | 
|4.14 |  | Transfer and Assumption Agreement, dated as of November 22, 1994 by and among Signet Bank/Virginia, Capital One Bank (USA), National Association, as Assuming Entity, The Bank of New York Mellon, as Trustee and the other parties
thereto (incorporated by reference to Exhibit 4.5 to the Current Report on Form 8-K, filed with the Securities and Exchange Commission on January 13, 1995).
|     | 
|4.15 |  | Second Amended and Restated Trust Agreement dated as of January 
13, 2006 (incorporated by reference to Exhibit 4.3 to the Current Report on Form 8-K filed with the Securities and Exchange Commission on January 20, 2006).                                                                                                                                                                   
|     | 
|4.16 |  | Transfer and Administration Agreement dated as of October 9, 2002 (incorporated by reference to Exhibit 4.2 to the Current Report on Form 8-K filed with the Securities and Exchange Commission by Capital One Funding, LLC on November 12, 2002).                                                                                                                                              



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|        |  |                                                                                                                                                                                                                                                                                
|------- |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|4.17    |  | First Amendment dated as of March 1, 2008 to the Transfer and Administration Agreement (incorporated by reference to Exhibit 4.10 to the Current Report
 on Form 8-K filed with the Securities and Exchange Commission on March 4, 2008).                                      
|        | 
|4.18.1  |  | Class B(2004-3) Terms Document dated as of April 
14, 2004 (included in Exhibit 4.1 to the registrants Form 8-K, as filed with the Securities and Exchange Commission on April 20, 2004, which is incorporated herein by reference).                                          
|        | 
|4.18.2  |  | Class B(2005-3) Terms Document dated as of August 
4, 2005 (included in Exhibit 4.1 to the registrants Form 8-K, as filed with the Securities and Exchange Commission on August 11, 2005, which is incorporated herein by reference).                                         
|        | 
|4.18.3  |  | Omnibus Addendum dated as of February 
10, 2006, to the various Terms Documents to the Indenture (included in Exhibit 4.1 to the registrants Form 8-K, as filed with the Securities and Exchange Commission on February 
13, 2006, which is incorporated herein by reference).
|        | 
|4.18.4  |  | Class A(2007-1) Terms Document dated as of January 
26, 2007 (included in Exhibit 4.1 to the registrants Form 8-K, as filed with the Securities and Exchange Commission on January 31, 2007, which is incorporated herein by reference).                                      
|        | 
|4.18.5  |  | Class B(2007-1) Terms Document dated as of January 
26, 2007 (included in Exhibit 4.2 to the registrants Form 8-K, as filed with the Securities and Exchange Commission on January 31, 2007, which is incorporated herein by reference).                                      
|        | 
|4.18.6  |  | Class C(2007-1) Terms Document dated as of January 
26, 2007 (included in Exhibit 4.3 to the registrants Form 8-K, as filed with the Securities and Exchange Commission on January 31, 2007, which is incorporated herein by reference).                                      
|        | 
|4.18.7  |  | Class A(2007-2) Terms Document dated as of February 
27, 2007 (included in Exhibit 4.1 to the registrants Form 8-K, as filed with the Securities and Exchange Commission on March 13, 2007, which is incorporated herein by reference).                                       
|        | 
|4.18.8  |  | Class A(2007-5) Terms Document dated as of June 
22, 2007 (included in Exhibit 4.1 to the registrants Form 8-K, as filed with the Securities and Exchange Commission on June 26, 2007, which is incorporated herein by reference).                                            
|        | 
|4.18.9  |  | Class A(2007-7) Terms Document dated as of September 
28, 2007 (included in Exhibit 4.1 to the registrants Form 8-K, as filed with the Securities and Exchange Commission on September 28, 2007, which is incorporated herein by reference).                                  
|        | 
|4.18.10 |  | Class A(2014-1) Terms Document dated as of February 
10, 2014 (included in Exhibit 4.1 to the registrants Form 8-K, as filed with the Securities and Exchange Commission on February 10, 2014, which is incorporated herein by reference).                                    
|        | 
|4.18.11 |  | Class A(2014-2) Terms Document dated as of April 
10, 2014 (included in Exhibit 4.1.1 to the registrants Form 8-K, as filed with the Securities and Exchange Commission on April 10, 2014, which is incorporated herein by reference).                                        
|        | 
|4.18.12 |  | Class A(2014-3) Terms Document dated as of April 
10, 2014 (included in Exhibit 4.2.1 to the registrants Form 8-K, as filed with the Securities and Exchange Commission on April 10, 2014, which is incorporated herein by reference).                                        
|        | 
|4.18.13 |  | Class A(2014-4) Terms Document dated as of September 
9, 2014 (included in Exhibit 4.1 to the registrants Form 8-K, as filed with the Securities and Exchange Commission on September 9, 2014, which is incorporated herein by reference).                                    
|        | 
|4.18.14 |  | Class A(2014-5) Terms Document dated as of October 
14, 2014 (included in Exhibit 4.1 to the registrants Form 8-K, as filed with the Securities and Exchange Commission on October 14, 2014, which is incorporated herein by reference).                                      



---

|        |  |                                                                                                                                                                                                                                                                                
|------- |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|4.18.15 |  | Omnibus Amendment dated as of November 12, 2014, to the various Terms Documents to the Indenture (included in Exhibit 4.1 to the registrants
 Form 8-K, as filed with the Securities and Exchange Commission on November 12, 2014, which is incorporated herein by reference).
|        | 
|4.18.16 |  | Class A(2015-1) Terms Document dated as of March 
31, 2015 (included in Exhibit 4.1 to the registrants Form 8-K, as filed with the Securities and Exchange Commission on March 31, 2015, which is incorporated herein by reference).                                          
|        | 
|4.18.17 |  | Class A(2015-2) Terms Document dated as of May 
19, 2015 (included in Exhibit 4.1.1 to the registrants Form 8-K, as filed with the Securities and Exchange Commission on May 19, 2015, which is incorporated herein by reference).                                            
|        | 
|4.18.18 |  | Class A(2015-3) Terms Document dated as of May 
19, 2015 (included in Exhibit 4.1.2 to the registrants Form 8-K, as filed with the Securities and Exchange Commission on May 19, 2015, which is incorporated herein by reference).                                            
|        | 
|4.18.19 |  | Class A(2015-4) Terms Document dated as of July 
23, 2015 (included in Exhibit 4.1.1 to the registrants Form 8-K, as filed with the Securities and Exchange Commission on July 23, 2015, which is incorporated herein by reference).                                          
|        | 
|4.18.20 |  | Class A(2015-5) Terms Document dated as of July 
23, 2015 (included in Exhibit 4.1.2 to the registrants Form 8-K, as filed with the Securities and Exchange Commission on July 23, 2015, which is incorporated herein by reference).                                          
|        | 
|4.18.21 |  | Class A(2015-6) Terms Document dated as of August 
25, 2015 (included in Exhibit 4.1 to the registrants Form 8-K, as filed with the Securities and Exchange Commission on August 25, 2015, which is incorporated herein by reference).                                        
|        | 
|4.18.22 |  | Class A(2015-7) Terms Document dated as of October 
27, 2015 (included in Exhibit 4.1.1 to the registrants Form 8-K, as filed with the Securities and Exchange Commission on October 27, 2015, which is incorporated herein by reference).                                    
|        | 
|4.18.23 |  | Class A(2015-8) Terms Document dated as of October 
27, 2015 (included in Exhibit 4.1.2 to the registrants Form 8-K, as filed with the Securities and Exchange Commission on October 27, 2015, which is incorporated herein by reference).                                    
|        | 
|4.18.24 |  | Class A(2016-1) Terms Document dated as of May 
18, 2016 (included in Exhibit 4.1.1 to the registrants Form 8-K, as filed with the Securities and Exchange Commission on May 18, 2016, which is incorporated herein by reference).                                            
|        | 
|4.18.25 |  | Class A(2016-2) Terms Document dated as of May 
18, 2016 (included in Exhibit 4.2.1 to the registrants Form 8-K, as filed with the Securities and Exchange Commission on May 18, 2016, which is incorporated herein by reference).                                            
|        | 
|4.18.26 |  | Class A(2016-3) Terms Document dated as of July 
26, 2016 (included in Exhibit 4.1 to the registrants Form 8-K, as filed with the Securities and Exchange Commission on July 26, 2016, which is incorporated herein by reference).                                            
|        | 
|4.18.27 |  | Class A(2016-4) Terms Document dated as of August 
25, 2016 (included in Exhibit 4.1.1 to the registrants Form 8-K, as filed with the Securities and Exchange Commission on August 25, 2016, which is incorporated herein by reference).                                      
|        | 
|4.18.28 |  | Class A(2016-5) Terms Document dated as of August 
25, 2016 (included in Exhibit 4.2.1 to the registrants Form 8-K, as filed with the Securities and Exchange Commission on August 25, 2016, which is incorporated herein by reference).                                      



---

|        |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|------- |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|        | 
|4.18.29 |  | Class A(2016-6) Terms Document dated as of December 
8, 2016 (included in Exhibit 4.1.1 to the registrants Form 8-K, as filed with the Securities and Exchange Commission on December 8, 2016, which is incorporated herein by reference).                                                                                                                                                                                                                                                                                                                                                                                
|        | 
|4.18.30 |  | Class A(2016-7) Terms Document dated as of December 
8, 2016 (included in Exhibit 4.2.1 to the registrants Form 8-K, as filed with the Securities and Exchange Commission on December 8, 2016, which is incorporated herein by reference).                                                                                                                                                                                                                                                                                                                                                                                
|        | 
|4.18.31 |  | Class A(2017-1) Terms Document dated as of March 
27, 2017 (included in Exhibit 4.1.1 to the registrants Form 8-K, as filed with the Securities and Exchange Commission on March 27, 2017, which is incorporated herein by reference).                                                                                                                                                                                                                                                                                                                                                                                    
|        | 
|4.18.32 |  | Class A(2017-2) Terms Document dated as of March 
27, 2017 (included in Exhibit 4.2.1 to the registrants Form 8-K, as filed with the Securities and Exchange Commission on March 27, 2017, which is incorporated herein by reference).                                                                                                                                                                                                                                                                                                                                                                                    
|        | 
|4.18.33 |  | Class A(2017-3) Terms Document dated as of March 
27, 2017 (included in Exhibit 4.3.1 to the registrants Form 8-K, as filed with the Securities and Exchange Commission on March 27, 2017, which is incorporated herein by reference).                                                                                                                                                                                                                                                                                                                                                                                    
|        | 
|4.18.34 |  | Class A(2017-4) Terms Document dated as of October 
10, 2017 (included in Exhibit 4.1.1 to the registrants Form 8-K, as filed with the Securities and Exchange Commission on October 10, 2017, which is incorporated herein by reference).                                                                                                                                                                                                                                                                                                                                                                                
|        | 
|4.18.35 |  | Class A(2017-5) Terms Document dated as of October 
10, 2017 (included in Exhibit 4.2.1 to the registrants Form 8-K, as filed with the Securities and Exchange Commission on October 10, 2017, which is incorporated herein by reference).                                                                                                                                                                                                                                                                                                                                                                                
|        | 
|4.18.36 |  | Class A(2017-6) Terms Document dated as of October 
10, 2017 (included in Exhibit 4.3.1 to the registrants Form 8-K, as filed with the Securities and Exchange Commission on October 10, 2017, which is incorporated herein by reference).                                                                                                                                                                                                                                                                                                                                                                                
|        | 
|10.1    |  | Services Agreement, dated as of November 
8, 2004, between Capital One Services, LLC (as successor to Capital One Services, Inc. by conversion) and First Data Resources, Inc. (incorporated by reference to Exhibit 10.1 to the Current Report on Form 8-K filed
 with the Securities and Exchange Commission by Capital One Funding, LLC on December 15, 2005, as supplemented by the Current Report on Form 8-K/A (No. 1) filed with the Securities and Exchange Commission
by Capital One Funding, LLC on December 21, 2005). Confidential Treatment has been requested for certain portions of the Services Agreement.
|        | 
|10.2    |  | Subservicing Agreement between Capital One Bank (USA), National Association and Capital One Services, LLC (as successor to Capital One Services,
 Inc. by conversion) (incorporated by reference to Exhibit 10.2 to the Annual Report on Form 10-K filed with the Securities and Exchange Commission by Capital One Multi-asset Execution Trust on March 30,
2007).                                                                                                                                                                                                                                                        
|        | 
|10.3    |  | Services Agreement, dated as of March 
16, 2006, between Capital One Bank (USA), National Association and Capital One, National Association. (formerly known as Hibernia National Bank) (incorporated by reference to Exhibit 99.1 to the Current Report on Form 8-K filed with the Securities and Exchange Commission on March 22, 2006).                                                                                                                                                                                                                                                                                 
|        | 
|31.1    |  | Certification of Capital One Funding, LLC pursuant to Rule 13a-14(d)/15d-14(d) under the Securities Exchange Act of 1934.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|        | 
|33.1    |  | Report on Assessment of Compliance with Servicing Criteria for Capital One Bank (USA), National Association, for itself and on behalf of its affiliate Capital One Services, LLC.                                                                                                                                                                                                                                                                                                                                                                                                                                          
|        | 
|33.2    |  | Report on Assessment of Compliance with Servicing Criteria for The Bank of New York Mellon.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                



---

|     |  |                                                                                                                                                                                                  
|---- |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|34.1 |  | Attestation Report of Ernst & Young LLP on Assessment of Compliance with Servicing Criteria relating to Capital One Bank (USA), National Association and its affiliate Capital One Services, LLC.
|     | 
|34.2 |  | Attestation Report of KPMG LLP on Assessment of Compliance with Servicing Criteria relating to The Bank of New York Mellon.                                                                      
|     | 
|35.1 |  | Servicer Compliance Statement of Capital One Bank (USA), National Association.                                                                                                                   
|     | 
|35.2 |  | Servicer Compliance Statement of Capital One Services, LLC.                                                                                                                                      
|     | 
|35.3 |  | Servicer Compliance Statement of Capital One, National Association.                                                                                                                              

(c) Not Applicable.



|Item 16. | Form 10-K Summary.
|-------- | ------------------

Not Applicable.



---

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) 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.



Capital One Multi-asset Execution TrustBy:

Capital One Funding, LLC, as DepositorBy:

/s/ Thomas A. FeilName:

*Thomas A. FeilTitle:

PresidentDate: March 30, 2018*  Thomas A. Feil is the senior officer in charge of securitization of
Capital One Funding, LLC