# EDGAR Filing Document

**Accession Number:** 0001785844
**File Stem:** 0001853620-23-000036
**Filing Date:** 2023-2
**Character Count:** 23421
**Document Hash:** 520cfd787cf51d8fc1cfbfb53e56a42a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001853620-23-000036.hdr.sgml**: 20230222

**ACCESSION NUMBER**: 0001853620-23-000036

**CONFORMED SUBMISSION TYPE**: 10-D

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20230215

**FILED AS OF DATE**: 20230222

**DATE AS OF CHANGE**: 20230222

**ABS ASSET CLASS**: Auto loans

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Mercedes-Benz Auto Receivables Trust 2019-1
- **CENTRAL INDEX KEY:** 0001785844
- **STANDARD INDUSTRIAL CLASSIFICATION:** ASSET-BACKED SECURITIES [6189]
- **IRS NUMBER:** 846450634
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 10-D
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 333-232590-01
- **FILM NUMBER:** 23652449

**BUSINESS ADDRESS:**
- **STREET 1:** 35555 W. TWELVE MILE RD.
- **STREET 2:** SUITE 100
- **CITY:** FARMINGTON HILLS
- **STATE:** MI
- **ZIP:** 48331
- **BUSINESS PHONE:** (248) 991-6700

**MAIL ADDRESS:**
- **STREET 1:** 35555 W. TWELVE MILE RD.
- **STREET 2:** SUITE 100
- **CITY:** FARMINGTON HILLS
- **STATE:** MI
- **ZIP:** 48331

---

| |
|:---|
| **UNITED STATES** |
| **SECURITIES AND EXCHANGE COMMISSION** |
| **Washington, D.C. 20549** |

---

**FORM 10-D**

---

| |
|:---|
| **ASSET-BACKED ISSUER** |
| **DISTRIBUTION REPORT PURSUANT TO SECTION 13 OR 15(d) OF** |
| **THE SECURITIES EXCHANGE ACT OF 1934** |

---

For the monthly distribution period from <br> January 01, 2023 to January 31, 2023

Commission File Number of issuing entity: 333-232590-01

Central Index Key Number of issuing entity: 0001785844

---

| |
|:---|
| **<u>Mercedes-Benz Auto Receivables Trust 2019-1</u>** |
| (Exact name of issuing entity as specified in its charter) |

---

Commission File Number of depositor: 333-232590

Central Index Key Number of depositor: 0001463814

---

| |
|:---|
| **<u>Mercedes-Benz Retail Receivables LLC</u>** |
| (Exact name of depositor as specified in its charter) |

---

Central Index Key Number of sponsor: 0001540252

---

| |
|:---|
| **Mercedes-Benz Financial Services USA LLC** |
| (Exact name of sponsor as specified in its charter) |

---

<u>State of Delaware</u> <br> (State or other jurisdiction of incorporation or organization of the issuing entity)

<u>84-6450634</u> <br> (I.R.S. Employer Identification No.)

---

| |
|:---|
| 35555 W. Twelve Mile Rd. |
| Suite 100 |
| <u>Farmington Hills, Michigan</u> |
| (Address of principal executive offices of issuing entity) |

---

<u>48331</u> <br> (Zip Code)

<u>(248) 9916700</u> <br> (Telephone number, including area code)

<u>N.A.</u> <br> (Former name, former address, if changed since last report)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Registered/reporting pursuant to (check one) | Registered/reporting pursuant to (check one) | Registered/reporting pursuant to (check one) | Registered/reporting pursuant to (check one) | Registered/reporting pursuant to (check one) |
|  |  |  |  | Name of exchange |
| <u>Title of Class</u> | <u>Section 12(b)</u> | <u>Section 12(g)</u> | <u>Section 15(d)</u> | <u>(If Section 12(b))</u> |
| Class A-2A Asset Backed Notes | ☐ | ☐ | ☒ | <u> </u> |
| Class A-2B Asset Backed Notes | ☐ | ☐ | ☒ | <u> </u> |
| Class A-3 Asset Backed Notes | ☐ | ☐ | ☒ | <u> </u> |
| Class A-4 Asset Backed Notes | ☐ | ☐ | ☒ | <u> </u> |

---

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 and 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 ☐

PART I - DISTRIBUTION INFORMATION

Item 1. Distribution and Pool Performance Information.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On February 15, 2023 a distribution was made to holders of notes of the issuing entity. The distribution report for this distribution is attached to this Form 10-D as Exhibit 99.1.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No assets held by issuing entity were the subject of a demand to repurchase or replace for breach of the representations and warranties during the period from January 01, 2023 to January 31, 2023.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Reference is made to the Form ABS – 15G filed by Mercedes-Benz Financial Services USA LLC with the Securities and Exchange Commission on February 03, 2023, and to the information reported for the period indicated in the report regarding any repurchase requests across all trusts for which Mercedes-Benz Financial Services USA LLC is a securitizer (as that term is defined in Section 15G(a) of the Securities Exchange Act of 1934). The CIK number of Mercedes-Benz Financial Services USA LLC is 0001540252.

Item 1A. Asset-Level Information.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Asset-level data for the reporting period covered by this Form 10-D is included in Exhibit 102 to the Form ABS-EE filed by the issuing entity with the Securities and Exchange Commission on February 21, 2023 (the "Form ABS-EE") and is incorporated by reference into this Form 10-D. Additional asset-level information or explanatory language is included in Exhibit 103 to the Form ABS-EE and is also incorporated by reference into this Form 10-D.

PART II - OTHER INFORMATION

Item 10. Exhibits.

Exhibit <br> <u>No.</u> <u>Description of Exhibit</u> <br> 99.1 [Distribution report of the issuing entity](mbart20191.htm)

102 [Asset Data File (Exhibit 102 to Form ABS-EE filed by the issuing entity on February 21, 2023)](http://www.sec.gov/Archives/edgar/data/1463814/000095013123000698/mbart191ex102_0215-1100.xml)

103 [Asset Related Document (Exhibit 103 to Form ABS-EE filed by the issuing entity on February 21, 2023)](http://www.sec.gov/Archives/edgar/data/1463814/000095013123000698/mbart191ex103_0215-1105.xml)

SIGNATURES

Pursuant to the requirements 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.

 Mercedes-Benz Auto Receivables Trust 2019-1 <br> (Issuing Entity)

 By: Mercedes-Benz Financial Services USA LLC <br> (Servicer)

---

| | |
|:---|:---|
| Date: February 22, 2023 | <u>By: /s/ Christopher Trainor</u> |
|  | Christopher Trainor |
|  | Vice President |

---

**EXHIBIT INDEX**

Exhibit <br> <u>No.</u> <u>Description of Exhibit</u> <br> 99.1 [Distribution report of the issuing entity](mbart20191.htm)

102 [Asset Data File (Exhibit 102 to Form ABS-EE filed by the issuing entity on February 21, 2023)](http://www.sec.gov/Archives/edgar/data/1463814/000095013123000698/mbart191ex102_0215-1100.xml)

103 [Asset Related Document (Exhibit 103 to Form ABS-EE filed by the issuing entity on February 21, 2023)](http://www.sec.gov/Archives/edgar/data/1463814/000095013123000698/mbart191ex103_0215-1105.xml)

## Exhibit 99.1

------

#### Mercedes-Benz Auto Receivables

#### T

#### rust 2019-1
Page 1 of 5

Amounts in USD

Investor Report

Collection Period Ended

31-Jan-2023

Dates

31-Jan-2023

Actual/360 Days

30/360 Days

15-Feb-2023

15-Feb-2023

Collection Period No.

Collection Period (from... to)

Determination Date

Record Date

Distribution Date

Interest Period of the Clas

s

A-1 Notes (from... to)

Interest Period of the Clas

s

A-2A, A-3 an

d

A-4 Notes (from... to)

1-Jan-2023

13-Feb-2023

14-Feb-2023

15-Feb-2023

17-Jan-2023

15-Jan-2023

Summary

Beginning

Balance

0.00 0.00 0.00 0.00 115,401,076.31

Principal

Payment

0.00 0.00 0.00 0.00 11,643,750.75

Ending

Balance

0.00 0.00 0.00 0.00 103,757,325.56

Clas

s

A-1 Notes

Clas

s

A-2A Notes

Clas

s

A-2B Notes

Clas

s

A-3 Notes

Clas

s

A-4 Notes

Principal per $1000

Fac

e

Amount

0.000000 0.000000 0.000000 0.000000 90.570557 Initial

Balance

360,800,000.00

511,000,000.00

50,000,000.00

464,000,000.00

128,560,000.00

Note

Factor

0.000000 0.000000 0.000000 0.000000 0.807073 #### 1

#### 15,401,076.31
103,757,325.56

#### 1

#### 1,643,750.75

#### T

#### otal Note Balance
1,514,360,000.00

Overcollateralization

Adjusted Pool Balance

Y

ield Supplement Overcollateralizatio

n

Amount

Pool Balance

38,830,160.91

154,231,237.22

4,719,387.20

158,950,624.42

38,830,160.91

142,587,486.47

4,274,666.45

146,862,152.92

38,846,436.21

1,553,206,436.21

61,799,793.88

1,615,006,230.09

Initial

Overcollateralizatio

n

Amount

T

arget

Overcollateralizatio

n

Amount

Current Overcollateralizatio

n

Amount

Amount

Percentage

2.50%

2.50%

2.50%

38,846,436.21

38,830,160.91

38,830,160.91

Clas

s

A-1 Notes

Clas

s

A-2A Notes

Clas

s

A-2B Notes

Clas

s

A-3 Notes

Clas

s

A-4 Notes

Interest

Rate

0.000000%

2.040000%

4.634430%

1.940000%

2.040000%

Interest Payment

0.00 0.00 0.00 0.00 196,181.83

Interest per

$1000 Fac

e

Amount

0.000000 0.000000 0.000000 0.000000 1.525994 Interest & Principal

Payment

0.00 0.00 0.00 0.00 11,839,932.58

Interest & Principal Payment

per $1000 Fac

e

Amount

0.000000 0.000000 0.000000 0.000000 92.096551 #### $1

#### 1,839,932.58

#### T

#### otal
$196,181.83

------

#### Mercedes-Benz Auto Receivables

#### T

#### rust 2019-1
Page 2 of 5

Amounts in USD

Investor Report

Collection Period Ended

31-Jan-2023

#### A

#### vailable Collections
Reserve Fund Dra

w

Amount

#### A

#### vailable Funds
Purchas

e

Amounts

Advances made by the Servicer

Investment Earnings

Principal Collections

Interest Collections

Net Liquidation Proceeds

Recoveries

12,581,764.63

0.00 12,581,764.63

11,915,844.07

548,568.94

29,559.78

40,023.04

0.00 0.00 47,768.80

(1) T

otal Servicing Fee

Nonrecoverabl

e

Advances to the Servicer

(2) T

otal Trustee Fees and an

y

Asset Representations Reviewer

fees (max. $250,000 p.a.)

132,458.85

0.00 0.00 196,181.83

0.00 0.00 11,643,750.75

0.00 0.00 (3) Interest Distributabl

e

Amount Clas

s

A Notes

(4) Priority Principal Distributabl

e

Amount

(5) T

o Reserve Fund to reach the Reserve Fund Require

d

Amount

(6) Regular Principal Distributabl

e

Amount

(7) Additional Servicing Fee and Transition Costs

(8) T

otal Trustee Fees and an

y

Asset Representations Reviewer

fees [not previously paid under (2)]

(9) Excess Collections to Certificateholders

#### T

#### otal Distribution
12,581,764.63

609,373.20

Distributions

#### A

#### vailable Funds
Distribution Detail

Paid

Shortfall

Due

T

otal Servicing Fee

T

otal Trustee Fee

132,458.85

0.00 0.00 0.00 132,458.85

0.00 Monthly Interest Distributabl

e

Amount

thereof on Clas

s

A-1 Notes

thereof on Clas

s

A-2A Notes

thereof on Clas

s

A-2B Notes

thereof on Clas

s

A-3 Notes

thereof on Clas

s

A-4 Notes

196,181.83

0.00 0.00 0.00 0.00 196,181.83

0.00 0.00 0.00 0.00 0.00 0.00 196,181.83

0.00 0.00 0.00 0.00 196,181.83

Interest Carryover Shortfal

l

Amount

thereof on Clas

s

Notes

thereof on Clas

s

A-2A

Notes

thereof on Clas

s

A-2B

Notes

thereof on Clas

s

Notes

thereof on Clas

s

Notes

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 0.00 196,181.83

196,181.83

0.00 Interest Distributabl

e

Amount Clas

s

A

Notes

Priority Principal Distributabl

e

Amount

Regular Principal Distributabl

e

Amount

0.00 11,643,750.75

0.00 0.00 0.00 11,643,750.75

Aggregate Principal Distributabl

e

Amount

11,643,750.75

11,643,750.75

0.00 ------

#### Mercedes-Benz Auto Receivables

#### T

#### rust 2019-1
Page 3 of 5

Amounts in USD

Investor Report

Collection Period Ended

31-Jan-2023

Reserve Fund and Investment Earnings

Investment Earnings

Reserve Fund

Reserve Fun

d

Amount - Beginning Balance

Reserve Fund Deficiency

Reserve Fun

d

Amount - Ending Balance

3,883,016.09

0.00 3,883,016.09

Reserve Fund Require

d

Amount

plus top up Reserve Fund up to the Require

d

Amount

plus Net Investment Earnings for the Collection Period

minus Net Investment Earnings

minus Reserve Fund Dra

w

Amount

Investment Earnings for the Collection Period

Net Investment Earnings on the Reserve Fund

Net Investment Earnings on the Collectio

n

Account

12,052.02

35,716.78

0.00 12,052.02

12,052.02

0.00 47,768.80

3,883,016.09

Notice to Investors

------

#### Mercedes-Benz Auto Receivables

#### T

#### rust 2019-1
Page 4 of 5

Amounts in USD

Investor Report

Collection Period Ended

31-Jan-2023

Pool Statistics

Pool Data

4.06%

19.92 50.90 Cutoff Date Pool Balance

Amount

1,615,006,230.09

Pool Balance beginning of Collection Period

158,950,624.42

Principal Collections

Principal Collections attributable to Full Pay-offs

Principal Purchas

e

Amounts

Principal Gross Losses

Pool Balance end of Collection Period

W

eighte

d

A

verag

e

APR

146,862,152.92

13,401

14,230

W

eighte

d

A

verage Number of Remaining Payments

W

eighte

d

A

verage Seasoning (months)

As of Cutoff Date

Current

Number of Receivables

50,838

8,931,844.12

2,983,999.95

0.00 172,627.43

Pool Factor

9.09%

3.71%

52.01 12.33 ------

#### Mercedes-Benz Auto Receivables

#### T

#### rust 2019-1
Page 5 of 5

Amounts in USD

Investor Report

Collection Period Ended

31-Jan-2023

Delinquency Profile

(1) A receivable is not considered delinquent if the amount past due is less than

10% of the payment due under such receivable

31-60

Days

Delinquent

61-90

Days

Delinquent

91-120 Days Delinquent

T

otal

Current

98.94%

0.75%

0.18%

0.14%

100.00%

145,301,703.24

1,095,938.36

263,259.24

201,252.08

146,862,152.92

13,300

13,401

Delinquency Profile

(1) Amount

Number of Receivables

Percentage

#### Delinquency

#### T

#### rigger

#### 2.302%
60+ Delinquency Loans to EO

P

Aggregate Securitization

V

alue

0.316%

Delinquency Trigger occurred

No

Loss Statistics

#### A

#### verage Net Loss / (Gain)
6,643.83

Cumulative Principal Net Loss / (Gain) as % of Cutoff Date Pool Balance

Four Mont

h

A

verage

0.510%

#### Principal Net Loss / (Gain) as % of

#### A

#### verage Pool Balance (annualized):
5,447,937.64

107,106.38

Principal Net Loss / (Gain)

Principal Net Liquidation Proceeds

Principal Recoveries

Principal Gross Losses

820

Losses

(1) Amount

172,627.43

29,437.88

36,083.17

Number of Receivables

Number of Receivables

Amount

24,029,274.38

7,904,338.49

10,676,998.25

#### Current

#### Cumulative
0.337%

(1) Losses include accounts that have been charged off with a balance remaining of less than

$50.

These accounts are excluded in the Number of Receivables count as they are not

considered a charge-off

#### on a defaulted loan
.

Current Collection Period

0.841%

Prior Collection Period

0.017 % Second Prior

Collection

Period

0.301 %

Third

Prior

Collection

Period

0.883 %

### Attached PDF Documents

**Attachment 1:** `mbart20191.pdf`

Mercedes-Benz Auto Receivables Trust 2019-1

Investor Report

Collection Period Ended 31-Jan-2023

Page 1 of 5

Amounts in USD

# **Dates**

| Collection Period No. | 41 |  |  |  |
| --- | --- | --- | --- | --- |
| Collection Period (from... to) | 1-Jan-2023 | 31-Jan-2023 |  |  |
| Determination Date | 13-Feb-2023 |  |  |  |
| Record Date | 14-Feb-2023 |  |  |  |
| Distribution Date | 15-Feb-2023 |  |  |  |
| Interest Period of the Class A-1 Notes (from... to) | 17-Jan-2023 | 15-Feb-2023 | Actual/360 Days | 29 |
| Interest Period of the Class A-2A, A-3 and A-4 Notes (from... to) | 15-Jan-2023 | 15-Feb-2023 | 30/360 Days | 30 |

# **Summary**

|  | Initial Balance | Beginning Balance | Ending Balance | Principal Payment | Principal per $1000 Face Amount | Note Factor |
| --- | --- | --- | --- | --- | --- | --- |
| Class A-1 Notes | 360,800,000.00 | 0.00 | 0.00 | 0.00 | 0.000000 | 0.000000 |
| Class A-2A Notes | 511,000,000.00 | 0.00 | 0.00 | 0.00 | 0.000000 | 0.000000 |
| Class A-2B Notes | 50,000,000.00 | 0.00 | 0.00 | 0.00 | 0.000000 | 0.000000 |
| Class A-3 Notes | 464,000,000.00 | 0.00 | 0.00 | 0.00 | 0.000000 | 0.000000 |
| Class A-4 Notes | 128,560,000.00 | 115,401,076.31 | 103,757,325.56 | 11,643,750.75 | 90.570557 | 0.807073 |
| Total Note Balance | 1,514,360,000.00 | 115,401,076.31 | 103,757,325.56 | 11,643,750.75 |  |  |

| Overcollateralization | 38,846,436.21 | 38,830,160.91 | 38,830,160.91 |
| --- | --- | --- | --- |
| Adjusted Pool Balance | 1,553,206,436.21 | 154,231,237.22 | 142,587,486.47 |
| Yield Supplement Overcollateralization Amount | 61,799,793.88 | 4,719,387.20 | 4,274,666.45 |
| Pool Balance | 1,615,006,230.09 | 158,950,624.42 | 146,862,152.92 |

|  | Amount | Percentage |
| --- | --- | --- |
| Initial Overcollateralization Amount | 38,846,436.21 | 2.50% |
| Target Overcollateralization Amount | 38,830,160.91 | 2.50% |
| Current Overcollateralization Amount | 38,830,160.91 | 2.50% |

|  | Interest Rate | Interest Payment | Interest per $1000 Face Amount | Interest & Principal Payment | Interest & Principal Payment per $1000 Face Amount |
| --- | --- | --- | --- | --- | --- |
| Class A-1 Notes | 0.000000% | 0.00 | 0.000000 | 0.00 | 0.000000 |
| Class A-2A Notes | 2.040000% | 0.00 | 0.000000 | 0.00 | 0.000000 |
| Class A-2B Notes | 4.634430% | 0.00 | 0.000000 | 0.00 | 0.000000 |
| Class A-3 Notes | 1.940000% | 0.00 | 0.000000 | 0.00 | 0.000000 |
| Class A-4 Notes | 2.040000% | 196,181.83 | 1.525994 | 11,839,932.58 | 92.096551 |
| Total |  | $196,181.83 |  | $11,839,932.58 |  |

Mercedes-Benz Auto Receivables Trust 2019-1

Investor Report

Collection Period Ended 31-Jan-2023

Page 2 of 5

Amounts in USD

| Available Funds |  | Distributions |  |
| --- | --- | --- | --- |
| Principal Collections | 11,915,844.07 | (1) Total Servicing Fee | 132,458.85 |
| Interest Collections | 548,568.94 | Nonrecoverable Advances to the Servicer | 0.00 |
| Net Liquidation Proceeds | 29,559.78 | (2) Total Trustee Fees and any Asset Representations Reviewer fees (max. $250,000 p.a.) | 0.00 |
| Recoveries | 40,023.04 | (3) Interest Distributable Amount Class A Notes | 196,181.83 |
| Purchase Amounts | 0.00 | (4) Priority Principal Distributable Amount | 0.00 |
| Advances made by the Servicer | 0.00 | (5) To Reserve Fund to reach the Reserve Fund Required Amount | 0.00 |
| Investment Earnings | 47,768.80 | (6) Regular Principal Distributable Amount | 11,643,750.75 |
| Available Collections | 12,581,764.63 | (7) Additional Servicing Fee and Transition Costs | 0.00 |
| Reserve Fund Draw Amount | 0.00 | (8) Total Trustee Fees and any Asset Representations Reviewer fees [not previously paid under (2)] | 0.00 |
| Available Funds | 12,581,764.63 | (9) Excess Collections to Certificateholders | 609,373.20 |
|  |  | Total Distribution | 12,581,764.63 |

| Distribution Detail |  |  |  |
| --- | --- | --- | --- |
|  | Due | Paid | Shortfall |
| Total Servicing Fee | 132,458.85 | 132,458.85 | 0.00 |
| Total Trustee Fee | 0.00 | 0.00 | 0.00 |
| Monthly Interest Distributable Amount | 196,181.83 | 196,181.83 | 0.00 |
| thereof on Class A-1 Notes | 0.00 | 0.00 | 0.00 |
| thereof on Class A-2A Notes | 0.00 | 0.00 | 0.00 |
| thereof on Class A-2B Notes | 0.00 | 0.00 | 0.00 |
| thereof on Class A-3 Notes | 0.00 | 0.00 | 0.00 |
| thereof on Class A-4 Notes | 196,181.83 | 196,181.83 | 0.00 |
| Interest Carryover Shortfall Amount | 0.00 | 0.00 | 0.00 |
| thereof on Class A-1 Notes | 0.00 | 0.00 | 0.00 |
| thereof on Class A-2A Notes | 0.00 | 0.00 | 0.00 |
| thereof on Class A-2B Notes | 0.00 | 0.00 | 0.00 |
| thereof on Class A-3 Notes | 0.00 | 0.00 | 0.00 |
| thereof on Class A-4 Notes | 0.00 | 0.00 | 0.00 |
| Interest Distributable Amount Class A Notes | 196,181.83 | 196,181.83 | 0.00 |
| Priority Principal Distributable Amount | 0.00 | 0.00 | 0.00 |
| Regular Principal Distributable Amount | 11,643,750.75 | 11,643,750.75 | 0.00 |
| Aggregate Principal Distributable Amount | 11,643,750.75 | 11,643,750.75 | 0.00 |

Mercedes-Benz Auto Receivables Trust 2019-1

Investor Report

Collection Period Ended 31-Jan-2023

Page 3 of 5

Amounts in USD

# **Reserve Fund and Investment Earnings**

# **Reserve Fund**

| Reserve Fund Required Amount | 3,883,016.09 |
| --- | --- |
| Reserve Fund Amount - Beginning Balance | 3,883,016.09 |
| plus top up Reserve Fund up to the Required Amount | 0.00 |
| plus Net Investment Earnings for the Collection Period | 12,052.02 |
| minus Net Investment Earnings | 12,052.02 |
| minus Reserve Fund Draw Amount | 0.00 |
| Reserve Fund Amount - Ending Balance | 3,883,016.09 |
| Reserve Fund Deficiency | 0.00 |

# **Investment Earnings**

| Net Investment Earnings on the Reserve Fund | 12,052.02 |
| --- | --- |
| Net Investment Earnings on the Collection Account | 35,716.78 |
| Investment Earnings for the Collection Period | 47,768.80 |

# **Notice to Investors**

Mercedes-Benz Auto Receivables Trust 2019-1

Investor Report

Collection Period Ended 31-Jan-2023

Page 4 of 5

Amounts in USD

# **Pool Statistics**

| Pool Data | Amount | Number of Receivables |
| --- | --- | --- |
| Cutoff Date Pool Balance | 1,615,006,230.09 | 50,838 |
| Pool Balance beginning of Collection Period | 158,950,624.42 | 14,230 |
| Principal Collections | 8,931,844.12 |  |
| Principal Collections attributable to Full Pay-offs | 2,983,999.95 |  |
| Principal Purchase Amounts | 0.00 |  |
| Principal Gross Losses | 172,627.43 |  |
| Pool Balance end of Collection Period | 146,862,152.92 | 13,401 |
| Pool Factor | 9.09% |  |
|  | As of Cutoff Date | Current |
| Weighted Average APR | 3.71% | 4.06% |
| Weighted Average Number of Remaining Payments | 52.01 | 19.92 |
| Weighted Average Seasoning (months) | 12.33 | 50.90 |

Mercedes-Benz Auto Receivables Trust 2019-1

Investor Report

Collection Period Ended 31-Jan-2023

Page 5 of 5

Amounts in USD

# **Delinquency Profile**

| Delinquency Profile (1) | Amount | Number of Receivables | Percentage |
| --- | --- | --- | --- |
| Current | 145,301,703.24 | 13,300 | 98.94% |
| 31-60 Days Delinquent | 1,095,938.36 | 75 | 0.75% |
| 61-90 Days Delinquent | 263,259.24 | 15 | 0.18% |
| 91-120 Days Delinquent | 201,252.08 | 11 | 0.14% |
| Total | 146,862,152.92 | 13,401 | 100.00% |

| Delinquency Trigger | 2.302% |
| --- | --- |
| 60+ Delinquency Loans to EOP Aggregate Securitization Value | 0.316% |
| Delinquency Trigger occurred | No |

(1) A receivable is not considered delinquent if the amount past due is less than 10% of the payment due under such receivable

# **Loss Statistics**

| Losses (1) | Current |  | Cumulative |  |
| --- | --- | --- | --- | --- |
|  | Amount | Number of Receivables | Amount | Number of Receivables |
| Principal Gross Losses | 172,627.43 | 17 | 24,029,274.38 | 820 |
| Principal Net Liquidation Proceeds | 29,437.88 |  | 7,904,338.49 |  |
| Principal Recoveries | 36,083.17 |  | 10,676,998.25 |  |
| Principal Net Loss / (Gain) | 107,106.38 |  | 5,447,937.64 |  |

# **Principal Net Loss / (Gain) as % of Average Pool Balance (annualized):**

| Current Collection Period | 0.841% |
| --- | --- |
| Prior Collection Period | 0.017% |
| Second Prior Collection Period | 0.301% |
| Third Prior Collection Period | 0.883% |
| Four Month Average | 0.510% |

**Cumulative Principal Net Loss / (Gain) as % of Cutoff Date Pool Balance** 0.337%

**Average Net Loss / (Gain)** 6,643.83

(1) Losses include accounts that have been charged off with a balance remaining of less than $50. These accounts are excluded in the Number of Receivables count as they are not considered a charge-off on a defaulted loan.