Fifth Third Auto Trust 2023-1

09/25/2025 | Press release | Distributed by Public on 09/25/2025 13:02

Asset-Backed Issuer Distribution Report (Form 10-D)

FIFTH THIRD AUTO TRUST 2023-1
Statement to Securityholders
Determination Date: September 11, 2025

DATES
Collection Period 25
Collection Period Beginning Date 8/1/2025
Collection Period Ending Date 8/31/2025
Payment Date 9/15/2025
SOFR Determination Date N/A
SOFR Rate N/A
I. DEAL SUMMARY Ratio Beginning Period Balance Principal Distribution Amount Ending Period Balance
Class A-1 Notes 0.0 % $0.00 $0.00 $0.00
Class A-2-A Notes 0.0 % $0.00 $0.00 $0.00
Class A-2-B Notes 0.0 % $0.00 $0.00 $0.00
Class A-3 Notes 75.0 % $466,639,722.45 $31,581,927.98 $435,057,794.47
Class A-4 Notes 100.0 % $102,960,000.00 $0.00 $102,960,000.00
Total Securities 34.1 % $569,599,722.45 $31,581,927.98 $538,017,794.47
Overcollateralization $69,719,907.84 $69,719,907.84
Reserve Account Balance $4,101,171.05 $4,101,171.05
Net Pool Balance 36.9 % $675,926,553.77 $33,603,934.47 $642,322,619.30
Yield Supplement Overcollateralization Amount $36,606,923.48 $34,584,916.99
Adjusted Pool Balance 37.0 % $639,319,630.29 $31,581,927.98 $607,737,702.31
Coupon Rate Beginning Period Balance Interest Distribution Amount
Class A-1 Notes 5.618% $0.00 $0.00
Class A-2-A Notes 5.800% $0.00 $0.00
Class A-2-B Notes 0.530% $0.00 $0.00
Class A-3 Notes 5.530% $466,639,722.45 $2,150,431.39
Class A-4 Notes 5.520% $102,960,000.00 $473,616.00
$569,599,722.45 $2,624,047.39
II. AVAILABLE FUNDS
Interest Collections $3,346,106.18
Repurchased Interest Collections $81.52
Principal Collections $32,806,801.29
Repurchased Principal Collections $11,029.75
Liquidation Proceeds $491,242.03
Liquidation Expenses* $36,672.51
Total Collections $36,618,588.26
Reserve Account Draw Amount $0.00
Total Available Funds $36,618,588.26
Investment Earnings (Collections Acct. remitted to servicer) $140,210.65
Investment Earnings (Reserve Acct. remitted to servicer) $15,352.86
Additional fees to be remitted to servicer $155,563.51
*Liquidation Expenses incurred and associated with the liquidation process do not always occur in the same period of the actual collateral liquidation (i.e. servicer repossession costs can be incurred in periods prior to the eventual sale of a repossessed vehicle).


FIFTH THIRD AUTO TRUST 2023-1
Statement to Securityholders
Determination Date: September 11, 2025
III. DISTRIBUTIONS Amount Due Amount Paid Shortfall
Servicing Fees $563,272.13 $563,272.13 $0.00
Class A-1 Notes $0.00 $0.00 $0.00
Class A-2-A Notes $0.00 $0.00 $0.00
Class A-2-B Notes $0.00 $0.00 $0.00
Class A-3 Notes $2,150,431.39 $2,150,431.39 $0.00
Class A-4 Notes $473,616.00 $473,616.00 $0.00
First Allocation of Principal $0.00 $0.00 $0.00
Reserve Account Deposit $0.00 $0.00 $0.00
Regular Principal Distribution Amount $31,581,927.98 $31,581,927.98 $0.00
Accrued and Unpaid Fees to Owner/Indenture Trustee $0.00 $0.00 $0.00
Remaining Funds to Residual Certificateholder $1,849,340.76 $1,849,340.76 $0.00
$36,618,588.26 $36,618,588.26 $0.00
First Allocation of Principal $0.00
Regular Principal Distribution Amount $31,581,927.98
Total Principal $31,581,927.98
IV. POOL INFORMATION
Net Pool Balance $642,322,619.30
Adjusted Pool Balance $607,737,702.31
Number of Receivables Outstanding 45,777
Weighted Average Contract Rate 6.01 %
Weighted Average Remaining Term (mos) 34.37
V. OVERCOLLATERALIZATION INFORMATION
Specified Reserve Account Balance $4,101,171.05
Target Credit Enhancement Overcollateralization Amount $69,719,907.84
Beginning Period Overcollateralization Amount $69,719,907.84
Ending Period Overcollateralization Amount $69,719,907.84
Overcollateralization Shortfall $0.00
Overcollateralization as % of Adjusted Pool Balance 11.47 %
VI. RESERVE ACCOUNT RECONCILIATION
Specified Reserve Account Balance $4,101,171.05
Beginning Reserve Account Balance $4,101,171.05
Ending Reserve Account Balance $4,101,171.05


FIFTH THIRD AUTO TRUST 2023-1
Statement to Securityholders
Determination Date: September 11, 2025
VII. LOSS & DELINQUENCY INFORMATION
Amount # of Receivables
Defaulted Receivables $400,333.07 31
Realized Losses for Collection Period $482,450.30 42
CHG Off Recoveries for Collection Period $187,588.90 86
Net Loss for Collection Period $294,861.40
Net Loss as % of Ending Pool Balance 0.046 %
Net Loss % for 1 Period Prior 0.027 %
Net Loss % for 2 Periods Prior 0.003 %
Net Gain % for 3 Periods Prior (0.004) %
Four-Month Average Net Loss % 0.018 %
Cumulative Losses (net of recoveries) for All Collection Periods $7,775,776.60
Cumulative Losses (net of recoveries) as a % of Initial Pool Balance 0.447 %
# of Receivables Amount
Receivables 30 - 59 Days Delinquent 310 $5,711,843.38
As % of Ending Pool Balance 0.889 %
Receivables 60 - 89 Days Delinquent 95 $2,007,119.66
As % of Ending Pool Balance 0.312 %
Receivables 90 - 119 Days Delinquent 34 $649,991.39
As % of Ending Pool Balance 0.101 %
Receivables 120 - 150 Days Delinquent 12 $168,464.39
As % of Ending Pool Balance 0.026 %
Receivables 150+ Days Delinquent 10 $124,010.90
As % of Ending Pool Balance 0.019 %
Total Delinquencies 461 $8,661,429.72
As % of Ending Pool Balance 1.348 %
Total Repossessions 22 $285,360.18
Total Repossessions Life-to-Date 508 $10,221,278.38
Total 30+ Day Delinquencies 461 $8,661,429.72
As % of Ending Pool Balance 1.348 %
Total 30+ Day Delinquencies % 1 Period Prior 1.437 %
Total 30+ Day Delinquencies % 2 Periods Prior 1.374 %
Total 30+ Day Delinquencies % 3 Periods Prior 1.296 %
Four-Month Average Total 30+ Day Delinquency % 1.364 %
60-Day Delinquency Percentage 0.459 %
Delinquency Trigger Percentage 5.280 %
Delinquency Trigger occurred in current Collection Period? NO

Fifth Third Auto Trust 2023-1 published this content on September 25, 2025, and is solely responsible for the information contained herein. Distributed via SEC EDGAR on September 25, 2025 at 19:02 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]