# EDGAR Filing Document

**Accession Number:** 0002126256
**File Stem:** 0001104659-26-066080
**Filing Date:** 2026-5
**Character Count:** 19277
**Document Hash:** 455606a7499f30b757f51b20a45fc2c8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-26-066080.hdr.sgml**: 20260526

**ACCESSION NUMBER**: 0001104659-26-066080

**CONFORMED SUBMISSION TYPE**: ABS-15G

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20260526

**ITEM INFORMATION**: Findings and Conclusions of the Third Party Due Diligence Provider Obtained by the Issuer

**FILED AS OF DATE**: 20260526

**DATE AS OF CHANGE**: 20260526

**ABS RULE**: RULE-15GA2

**REGISTERED ENTITY**: Y

**ABS ASSET CLASS**: Auto leases

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Porsche Auto Funding LLC
- **CENTRAL INDEX KEY:** 0001541507
- **STANDARD INDUSTRIAL CLASSIFICATION:** ASSET-BACKED SECURITIES [6189]
- **ORGANIZATION NAME:** Office of Structured Finance
- **EIN:** 451846995
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act
- **SEC FILE NUMBER:** 025-00177
- **FILM NUMBER:** 261016288

**BUSINESS ADDRESS:**
- **STREET 1:** 1 PORSCHE DRIVE
- **CITY:** ATLANTA
- **STATE:** GA
- **ZIP:** 30354
- **BUSINESS PHONE:** (770) 290-2004

**MAIL ADDRESS:**
- **STREET 1:** 1 PORSCHE DRIVE
- **CITY:** ATLANTA
- **STATE:** GA
- **ZIP:** 30354
**DEPOSITOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Porsche Auto Funding LLC
- **CENTRAL INDEX KEY:** 0001541507
- **STANDARD INDUSTRIAL CLASSIFICATION:** ASSET-BACKED SECURITIES [6189]
- **ORGANIZATION NAME:** Office of Structured Finance
- **EIN:** 451846995
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act
- **SEC FILE NUMBER:** 333-290988

**BUSINESS ADDRESS:**
- **STREET 1:** 1 PORSCHE DRIVE
- **CITY:** ATLANTA
- **STATE:** GA
- **ZIP:** 30354
- **BUSINESS PHONE:** (770) 290-2004

**MAIL ADDRESS:**
- **STREET 1:** 1 PORSCHE DRIVE
- **CITY:** ATLANTA
- **STATE:** GA
- **ZIP:** 30354
**SECURITIZER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Porsche Auto Funding LLC
- **CENTRAL INDEX KEY:** 0001541507
- **STANDARD INDUSTRIAL CLASSIFICATION:** ASSET-BACKED SECURITIES [6189]
- **ORGANIZATION NAME:** Office of Structured Finance
- **EIN:** 451846995
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act
- **SEC FILE NUMBER:** 025-00177

**BUSINESS ADDRESS:**
- **STREET 1:** 1 PORSCHE DRIVE
- **CITY:** ATLANTA
- **STATE:** GA
- **ZIP:** 30354
- **BUSINESS PHONE:** (770) 290-2004

**MAIL ADDRESS:**
- **STREET 1:** 1 PORSCHE DRIVE
- **CITY:** ATLANTA
- **STATE:** GA
- **ZIP:** 30354
**ISSUING ENTITY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Porsche Innovative Lease Owner Trust 2026-1
- **CENTRAL INDEX KEY:** 0002126256
- **STANDARD INDUSTRIAL CLASSIFICATION:** ASSET-BACKED SECURITIES [6189]
- **ORGANIZATION NAME:** Office of Structured Finance
- **EIN:** 000000000
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act

**BUSINESS ADDRESS:**
- **STREET 1:** 1 PORSCHE DRIVE
- **CITY:** ATLANTA
- **STATE:** GA
- **ZIP:** 30354
- **BUSINESS PHONE:** (770) 290-2004

**MAIL ADDRESS:**
- **STREET 1:** 1 PORSCHE DRIVE
- **CITY:** ATLANTA
- **STATE:** GA
- **ZIP:** 30354

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PORSCHE INNOVATIVE LEASE OWNER TRUST 2026-1
- **DATE OF NAME CHANGE:** 20260331

**UNITED STATES**<br> **SECURITIES AND EXCHANGE COMMISSION<br> Washington, D.C. 20549**

**FORM ABS-15G<br> ASSET-BACKED SECURITIZER<br> REPORT PURSUANT TO SECTION 15G OF<br> THE SECURITIES EXCHANGE ACT OF 1934**

Check the appropriate box to indicate the filing obligation to which this form is intended to satisfy:

◻ Rule 15Ga-1 under the Exchange Act (17 CFR 240.15Ga-1) for the reporting period<br> _________ to _________

____________________________<br> **(Exact name of securitizer as specified in its charter)**

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| |
|:---|
| Date of Report (Date of earliest event reported) |
| Commission File Number of securitizer: |
| Central Index Key Number of securitizer: |

---

  <br> Name and telephone number, including area code, of the person to <br> contact in connection with this filing.

Indicate by check mark whether the securitizer has no activity to report for the initial period pursuant to Rule 15Ga-1(c)(1) ◻

Indicate by check mark whether the securitizer has no activity to report for the quarterly period pursuant to Rule 15Ga-1(c)(2)(i) ◻

Indicate by check mark whether the securitizer has no activity to report for the annual period pursuant to Rule 15Ga-1(c)(2)(ii) ◻

⌧ Rule 15Ga-2
 under the Exchange Act (17 CFR 240.15Ga-2)

**<u>Porsche Innovative Lease Owner Trust 2026-1</u>** **<br> (Exact name of issuing entity as specified in its charter)**

Central Index Key Number of depositor: <u>0001541507</u> <br> Central Index Key Number of issuing entity (if applicable): <u>0002126256</u> <br> Central Index Key Number of underwriter (if applicable): <u>Not applicable</u>

<u>Tobias Hausladen, (770) 290-2004</u> <br> Name and telephone number, including area code, of the person to <br> contact in connection with this filing.

**PART II -** **FINDINGS AND CONCLUSIONS OF THIRD-PARTY DUE DILIGENCE REPORTS**

**Item 2.01 Findings and Conclusions of a Third-Party Due Diligence Report Obtained by the Issuer**

The disclosures required by Rule 15Ga-2 (17 CFR 240.15Ga-2) are attached as Exhibit 99.1 to this Form ABS-15G.

**EXHIBIT INDEX**

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| | |
|:---|:---|
| [**Exhibit 99.1**](tm2615407d1_ex99-1.htm) | [Report of Independent Accountants on Applying Agreed-Upon Procedures, dated May 21, 2026.](tm2615407d1_ex99-1.htm) |

---

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the reporting entity has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: May 26, 2026

---

| | |
|:---|:---|
| **Porsche Auto Funding LLC** | **Porsche Auto Funding LLC** |
| (Depositor) | (Depositor) |
| By: | /s/ Tobias Hausladen |
| Name: | Tobias Hausladen |
| Title: | Treasurer |
|  | (senior officer in charge of securitization) |
| By: | /s/ Eli Yaremenko |
| Name: | Eli Yaremenko |
| Title: | Assistant Treasurer |

---

## Exhibit 99.1

**Exhibit 99.1**

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| | |
|:---|:---|
| ![](tm2615407d1_ex99-1img001.jpg) | **Deloitte & Touche LLP** |
| ![](tm2615407d1_ex99-1img001.jpg) | 3 Second Street |
| ![](tm2615407d1_ex99-1img001.jpg) | Suite 301 |
| ![](tm2615407d1_ex99-1img001.jpg) | Harborside Plaza 10 |
| ![](tm2615407d1_ex99-1img001.jpg) | Jersey City, NJ 07302 |
| ![](tm2615407d1_ex99-1img001.jpg) | USA |
| ![](tm2615407d1_ex99-1img001.jpg) |  |
| ![](tm2615407d1_ex99-1img001.jpg) | Tel: +1 212 937 8202 |
| ![](tm2615407d1_ex99-1img001.jpg) | www.deloitte.com |

---

Porsche Financial Services, Inc. One Porsche Drive Atlanta, Georgia 30354

**Independent Accountants' Report**

**<u>on Applying Agreed-Upon Procedures</u>**

We have performed the procedures described below, related to certain information with respect to a portfolio of automobile lease contracts in connection with the proposed offering of Porsche Innovative Lease Owner Trust 2026-1. Porsche Financial Services, Inc. (the "Company") is responsible for the information provided to us, including the information set forth in the Statistical Data File (as defined herein).

The Company has agreed to the procedures and acknowledged that the procedures performed are appropriate to meet the intended purpose of evaluating the accuracy of certain information set forth in the Statistical Data File. Additionally, BofA Securities, Inc., BNP Paribas Securities Corp., CIBC World Markets Corp. and Mizuho Securities USA LLC (collectively with the Company, the "Specified Parties") have agreed to the procedures and acknowledged that the procedures performed are appropriate for their purposes. This report may not be suitable for any other purpose. The procedures performed may not address all of the items of interest to a user of the report and may not meet the needs of all users of the report and, as such, users are responsible for determining whether the procedures performed are appropriate for their purposes. Consequently, we make no representations regarding the appropriateness of the procedures described below either for the purpose for which this report has been requested or for any other purpose.

**Agreed-Upon Procedures**

On May 15, 2026, representatives of the Company provided us with a computer-generated automobile lease contract data file and related record layout containing data, as represented to us by the Company, as of the close of business April 30, 2026, with respect to 12,617 automobile lease contracts (the "Statistical Data File"). At the Company's instruction, we randomly selected 100 automobile lease contracts (the "Sample Leases") from the Statistical Data File and performed certain comparisons and recomputations for each of the Sample Leases relating to the automobile lease characteristics (the "Characteristics") set forth on the Statistical Data File and indicated below.

**Characteristics**

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| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;1. Lease number (for informational purposes only)<br> 2. Contract start date<br> 3. Adjusted capitalized cost<br> 4. Origination (booking) date<br> 5. Contract state<br> 6. Vehicle classification (new/used)<br> 7. Vehicle model<br> 8. Model year<br> 9. Maturity date | &nbsp;&nbsp;&nbsp;10. Number of scheduled payments<br> 11. Scheduled lease payment\*<br> 12. Contract residual value<br> 13. Base residual value<br> 14. Manufacturer's suggested retail price\*\*<br> 15. Paid through date\*<br> 16. FICO score<br> 17. Financing rate<br> 18. Days past due |

---

\* For Sample Leases that are not identified as "single pay" on the Lease Agreement and Servicing System (each as defined below).

\*\* For Sample Leases that note a vehicle classification code of "new" on the Lease Agreement and Servicing System.

**Member of**<br>Deloitte Touche Tohmatsu Limited<br>

We compared Characteristics 2. and 3. to the corresponding information set forth on or derived from the "Lease Agreement."

We compared Characteristics 4., 5. and 14. through 18. to the corresponding information set forth on the Company's servicing system (the "Servicing System").

We compared Characteristics 6. through 12. to the corresponding information set forth on or derived from the Lease Agreement and to the Servicing System.

We compared Characteristic 13. to the corresponding information set forth on the base residual value query (the "Base Residual Query"), provided to us by the Company on May 19, 2026 for each of the Sample Leases.

For purposes of our procedures and at your instruction:

&nbsp;&nbsp;&nbsp;&nbsp;· with
 respect to our comparison of Characteristics 2. and 4., differences of 3 days or less are
 deemed to be in agreement;

&nbsp;&nbsp;&nbsp;&nbsp;· with
 respect to our comparison of Characteristic 6., for the Sample Leases indicated in Appendix
 A, we observed a difference in the vehicle classification set forth on the Lease Agreement
 when compared to the vehicle classification set forth on the Statistical Data File. For these
 Sample Leases, we were instructed to perform an additional procedure and compare the vehicle
 classification set forth on the Statistical Data File to the vehicle classification set forth
 on the "Porsche Sales & Vehicle Management System" or the "Used
 Vehicle Disclosure." We were further instructed that a vehicle classification of (i) "Service
 Loaner," as set forth on the Porsche Sales & Vehicle Management System or
 (ii) "Dealer Loaner Vehicle" or "Unregistered Demonstrator Vehicle,"
 as set forth on the Used Vehicle Disclosure, is deemed to be "in agreement" with
 a vehicle classification of "New," as set forth on the Statistical Data File;

&nbsp;&nbsp;&nbsp;&nbsp;· with
 respect to our comparison of Characteristic 7., a vehicle model of (i) "911"
 (as set forth on the Statistical Data File) and "Carrera," "991"
 or "C4 S Coupe" (as set forth on the Lease Agreement) is deemed to be "in
 agreement," (ii) "918" (as set forth on the Statistical Data File)
 and "Boxter" (as set forth on the Lease Agreement) is deemed to be "in
 agreement", or (iii) "718" (as set forth on the Statistical Data File)
 and "Cayman" (as set forth on the Lease Agreement) is deemed to be "in
 agreement;"

&nbsp;&nbsp;&nbsp;&nbsp;· with
 respect to our comparison of Characteristic 9., for any maturity date falling on the 29<sup>th</sup>,
 30<sup>th</sup> or 31<sup>st</sup> day of the month (as set forth on the Lease Agreement),
 we were instructed to assume the maturity date as the 1<sup>st</sup> day of the succeeding
 month; and

&nbsp;&nbsp;&nbsp;&nbsp;· with
 respect to our comparison of Characteristic 17., differences of 0.0001 or less are deemed
 to be "in agreement."

In addition to the procedures described above, for each of the Sample Leases, we observed the existence of or identified the following:

&nbsp;&nbsp;&nbsp;&nbsp;· a
 Lease Agreement signed by the obligor;

&nbsp;&nbsp;&nbsp;&nbsp;· the
 obligor has a billing address (as set forth on the Servicing System) within the United States;

&nbsp;&nbsp;&nbsp;&nbsp;· a
 Title Certificate, Application for Title or Certificate of Origin (collectively, the "Title
 Certificate");

&nbsp;&nbsp;&nbsp;&nbsp;· a
 security interest of Porsche Leasing Ltd. was indicated on the Title Certificate;

&nbsp;&nbsp;&nbsp;&nbsp;· a
 Credit Application, Business Application or an Application for Financing (collectively, the
 "Application");

&nbsp;&nbsp;&nbsp;&nbsp;· a
 Consumer Leasing Disclosure Statement; and

&nbsp;&nbsp;&nbsp;&nbsp;· an
 Agreement to Provide Insurance, Binder of Insurance, Confirmation of Accidental Physical
 Damage Insurance, Supplemental Provision, Agreement to Furnish Insurance, Property Insurance
 Disclosure, Notice of Requirement to Provide Insurance, Insurance Verification Form or
 Insurance Coverage Acknowledgement, or other related correspondence (collectively, the "Physical
 Damage Insurance Documentation").

The automobile lease documents described above, including any information obtained from the indicated systems, and any other related documents used in support of the Characteristics were provided to us by representatives of the Company and are collectively referred to hereinafter as the "Lease Documents." We were not requested to perform, and we did not perform, any procedures with respect to the preparation or verification of any of the information set forth on the Lease Documents and we make no representations concerning the accuracy or completeness of any of the information contained therein. In certain instances, our procedures were performed using data imaged facsimiles or photocopies of the Lease Documents. In addition, we make no representations as to whether the Lease Documents are comprehensive or valid instruments or reflect the current prevailing terms with respect to the corresponding Sample Leases.

**Agreed-Upon Procedures' Findings**

The results of the foregoing procedures indicated that the Characteristics set forth on the Statistical Data File were found to be in agreement with the above-mentioned Lease Documents.

\*\*\*\*\*\*

We make no representations as to the (i) actual characteristics or existence of the underlying documents or data comprising the automobile lease contracts or underlying documentation underlying the Statistical Data File or the conformity of their characteristics with those assumed for purposes of the procedures described herein, (ii) existence or ownership of the automobile lease contracts or (iii) reasonableness of any of the aforementioned assumptions, information or methodologies.

It should be understood that we make no representations as to questions of legal interpretation or as to the sufficiency for your purposes of the procedures enumerated in the preceding paragraphs. Also, such procedures would not necessarily reveal any material misstatement of the information referred to above. We have no responsibility to update this report for events or circumstances that occur subsequent to the date of this report.

We were engaged by the Company to perform this agreed-upon procedures engagement and conducted our engagement in accordance with attestation standards established by the American Institute of Certified Public Accountants ("AICPA"). An agreed-upon procedures engagement involves the practitioner performing specific procedures that the engaging party has agreed to and acknowledged to be appropriate for the purpose of the engagement and reporting on findings based on the procedures performed. We were not engaged to conduct, and did not conduct, an (i) audit conducted in accordance with generally accepted auditing standards or (ii) examination or a review engagement conducted in accordance with attestation standards established by the AICPA, the objective of which would be the expression of an opinion or conclusion, respectively, on the Statistical Data File. Accordingly, we do not express such an opinion or conclusion, or any other form of assurance, including reasonable assurance. Had we performed additional procedures, other matters might have come to our attention that would have been reported to you.

We are required to be independent of the Company and to meet our other ethical responsibilities, as applicable for agreed-upon procedures engagements set forth in the Preface: Applicable to All Members and Part 1 – Members in Public Practice of the Code of Professional Conduct established by the AICPA. Independence requirements for agreed-upon procedure engagements are less restrictive than independence requirements for audit and other attestation services.

None of the engagement, procedures or report was intended to address, nor did they address, the (i) conformity of the origination of the assets to stated underwriting or credit extension guidelines, standards, criteria or other requirements, (ii) value of collateral securing such assets or (iii) compliance of the originator of the assets with federal, state, and local laws and regulations.

None of the engagement, procedures or report were intended to satisfy, nor did they satisfy, any criteria for due diligence published by a nationally recognized statistical rating organization.

This report is intended solely for the information and use of the Specified Parties identified above and is not intended to be and should not be used by anyone other than these Specified Parties.

Yours truly,

/s/ Deloitte & Touche LLP

May 21, 2026

**Appendix A to Independent Accountants' Report on Applying Agreed-Upon Procedures issued by Deloitte & Touche LLP dated May 21, 2026.**

In applying our agreed-upon procedures as outlined above, we performed an additional procedure with respect to Characteristic 6. for the following Sample Leases:

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| |
|:---|
| 1100300189 |
| 1100311862 |
| 1100324973 |
| 1100325238 |
| 1100327427 |
| 1100333145 |
| 1100336001 |
| 1100336962 |
| 1100337287 |

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The information above reflects the procedures performed and is subject to the conditions set forth in the agreed-upon procedures report to which this appendix is attached.