UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

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FORM 10-D

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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

~~August~~March 1, ~~2015~~2017 to ~~August~~March 31, ~~2015~~2017.

Commission File Number of issuing entity: 333-~~192577~~209766-0201

Central Index Key Number of issuing entity: 0001592145

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Cabela's Credit Card Master Note Trust

(Exact name of issuing entity as specified in its charter)

Commission File Number of issuing entity in respect of Series 2004-1 certificate: 333-~~192577~~209766-0102

Central Index Key Number of issuing entity in respect of Series 2004-1 certificate: 0001592143

Cabela's Master Credit Card Trust

(Exact name of issuing entity in respect of Series 2004-1 certificate as specified in its charter)

Commission File Number of depositor: 333-~~192577~~209766

Central Index Key Number of depositor: 0001540723

WFB Funding, LLC

(Exact name of depositor as specified in its charter)

Central Index Key Number of sponsor (if applicable): 0001602985

World's Foremost Bank

(Exact name of sponsor as specified in its charter)

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Tanner Eubank

402-323-4473

(Name and telephone number, including area code, of the person to contact in connection with this filing)

Delaware

(State or Other Jurisdiction of Incorporation or organization of the issuing entity)

New York

(State or Other Jurisdiction of Incorporation or organization of the issuing entity

in respect of the Series 2004-1 certificate)

N/A

(I.R.S. Employer Identification No.)



c/o World's Foremost Bank, as Administrator
4800 NW 1st Street
Lincoln, Nebraska	68521
(Address of principal executive office of the issuing entity)	(Zip Code)

402-323-4476

(Telephone number, including area code)

No change

(Former name, former address, if changed since last report)

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	Registered reporting pursuant to (check one)
Title of Class	Section 12(b)	Section 12(g)	Section 15(d)	Name of Exchange (If Section 12(b))
Series 2014-I, Class A	o	o	x
Series 2014-II, Class A	o	o	x
Series 2015-I, Class A-1	o	o	x
Series 2015-I, Class A-2	o	o	x
Series 2015-II, Class A-1	o	o	x
Series 2015-II, Class A-2	o	o	x
Series 2016-I, Class A-1	o	o	x
Series 2016-I, Class A-2	o	o	x

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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 x No o

PART I - DISTRIBUTION INFORMATION

Item 1. Distribution and Pool Performance Information.

The response to Item One is set forth in Exhibit 99.1 with respect to the Series 2014-III Notes, Exhibit 99.2 with respect to the Series ~~2014~~2015-III Notes, Exhibit 99.3 with respect to the Series 2015-III Notes, and Exhibit 99.4 with respect to the Series ~~2015~~2016-III Notes.

Are there any material modifications, extensions, or waivers to pool asset terms, fees, penalties, or payments during the distribution period or that have cumulatively become material over time? Yes o No x

Are there any material breaches of pool asset representations and warranties or transaction covenants? Yes o No x

Are there any material changes in the solicitation, credit-granting, underwriting, origination or pool selection criteria or procedures? Yes o No x

No assets securitized by the depositor and held by Cabela's Credit Card Master Note Trust were the subject of a demand to repurchase or replace for breach of the representations and warranties during the distribution period from ~~August~~March 1, ~~2015~~2017 to ~~August~~March 31, ~~2015~~2017.

The depositor filed its most recent Form ABS-15G on February 63, ~~2015~~2017. The CIK number of the depositor is 0001540723.

Item 210. ~~Legal Proceedings~~Exhibits.

U.S. Bank National Association, in its capacity as Indenture Trustee, has provided the following information for the purposes of complying with the



Exhibit No.	Document Description
99.1	Monthly Report to Series 2014-II Noteholders
99.2	Monthly Report to Series 2015-I Noteholders
99.3	Monthly Report to Series 2015-II Noteholders
99.4	Monthly Report to Series 2016-I Noteholders

requirements of Regulation AB:

Since 2014 various plaintiffs or groups of plaintiffs, primarily investors, have filed claims against U.S. Bank National Association ("U.S. Bank"), in its capacity as trustee or successor trustee (as the case may be) under certain residential mortgage backed securities (“RMBS”) trusts. The plaintiffs or plaintiff groups have filed substantially similar complaints against other RMBS trustees, including Deutsche Bank, Citibank, HSBC, Bank of New York Mellon and Wells Fargo. The complaints against U.S. Bank allege the trustee caused losses to investors as a result of alleged failures by the sponsors, mortgage loan sellers and servicers for these RMBS trusts and assert causes of action based upon the trustee's purported failure to enforce repurchase obligations of mortgage loan sellers for alleged breaches of representations and warranties concerning loan quality. The complaints also assert that the trustee failed to notify securityholders of purported events of default allegedly caused by breaches of servicing standards by mortgage loan servicers and that the trustee purportedly failed to abide by a heightened standard of care following alleged events of default.

Currently U.S. Bank is a defendant in multiple actions alleging individual or class action claims against the trustee with respect to multiple trusts as described above with the most substantial case being: BlackRock Balanced Capital Portfolio et al v. U.S. Bank National Association, No. 605204/2015 (N.Y. Sup. Ct.) (class action alleging claims with respect to approximately 794 trusts) and its companion case BlackRock Core Bond Portfolio et al v. U.S. Bank National Association, No. 14-cv-9401 (S.D.N.Y.). Some of the trusts implicated in the aforementioned Blackrock cases, as well as other trusts, are involved in actions brought by separate groups of plaintiffs related to no more than 100 trusts per case.

There can be no assurance as to the outcome of any of the litigation, or the possible impact of these litigations on the trustee or the RMBS trusts. However, U.S. Bank denies liability and believes that it has performed its obligations under the RMBS trusts in good faith, that its actions were not the cause of losses to investors and that it has meritorious defenses, and it intends to contest the plaintiffs’ claims vigorously.

Item 9. Exhibits.

Exhibit No.	Document Description
99.1	Monthly Report to Series 2014-I Noteholders
99.2	Monthly Report to Series 2014-II Noteholders
99.3	Monthly Report to Series 2015-I Noteholders
99.4	Monthly Report to Series 2015-II Noteholders

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.

Date:	~~September~~April 1517, ~~2015~~2017	WFB Funding, LLC, as Depositor
		By:	WFB Funding Corporation, its Managing Member
		By:	/s/ Kevin J. Werts
			Kevin J. Werts,
			Secretary and Treasurer

INDEX TO EXHIBITS

Exhibit No.	Document Description
99.1	Monthly Report to Series 2014-III Noteholders
99.2	Monthly Report to Series ~~2014~~2015-III Noteholders
99.3	Monthly Report to Series 2015-III Noteholders
99.4	Monthly Report to Series ~~2015~~2016-III Noteholders

Filing Compare · WFB Funding, LLC