Exhibit 99.13


Monthly Investor Report: Verizon Master Trust - VZMT 2025-1

Collection Period		April 2025
Payment Date		5/20/2025
Transaction Month		4
Series Status at End of Prior Payment Date		Revolving



Offered Notes	Anticipated Redemption Date		Final Maturity Date		Issuance Note/ Note Balance		SOFR: Days in the Interest Period		Note Interest Rate		SOFR Adjustment Date		SOFR30A	Total
Class A		1/20/28		8/20/30		$534,600,000				4.71%					4.71%
Class B		1/20/28		8/20/30		$40,872,000				4.94%					4.94%
Class C		1/20/28		8/20/30		$24,528,000				5.09%					5.09%

Total						$600,000,000


Series Alloc % x Group One Available Funds															$41,393,312.30
Amounts paid by the Cap Counterparty															N/A
Available Subordinated Amounts															$0.00
Amounts drawn on the Reserve Account															$0.00
Amounts released from Principal Funding Account															$0.00
Any amounts deposited by the Class A Certificateholder in connection with an Optional Redemption															$0.00

Total Available Funds															$41,393,312.30


Beginning of Period Reserve Account Balance															$6,539,509.54
Required Reserve Amount															$6,539,509.54
Shortfall in Required Reserve Amount															$0.00
Reserve Account funds needed this period (True/False)															FALSE
Reserve Account draw amount required															$0.00
Reserve Account Deposit Amount															$0.00

End of Period Reserve Account Balance															$6,539,509.54


Waterfall Distribution					Amount Due		Amount Paid		Shortfall		Carryover Shortfall			Remaining Available Funds
Master Collateral Agent Fee						$44.61		$44.61		$0.00		$0.00			$41,393,267.69
Owner Trustee Fee						$0.00		$0.00		$0.00		$0.00			$41,393,267.69
Asset Representations Reviewer Fee						$23.27		$23.27		$0.00		$0.00			$41,393,244.42
Supplemental ARR Fee						$98.04		$98.04		$0.00		$0.00			$41,393,146.38
Indenture Trustee Fee						$1,250.00		$1,250.00		$0.00		$0.00			$41,391,896.38
Servicing Fee						$458,170.82		$458,170.82		$0.00		$0.00			$40,933,725.56
Class A Note Interest						$2,098,305.00		$2,098,305.00		$0.00		$0.00			$38,835,420.56
First Priority Principal Payment						$0.00		$0.00		$0.00		$0.00			$38,835,420.56
Class B Note Interest						$168,256.40		$168,256.40		$0.00		$0.00			$38,667,164.16
Second Priority Principal Payment						$0.00		$0.00		$0.00		$0.00			$38,667,164.16
Class C Note Interest						$104,039.60		$104,039.60		$0.00		$0.00			$38,563,124.56
Third Priority Principal Payment						$0.00		$0.00		$0.00		$0.00			$38,563,124.56
Reserve Account up to Required Reserve Amount						$0.00		$0.00		$0.00		$0.00			$38,563,124.56
Regular Priority Principal Payment						$0.00		$0.00		$0.00		$0.00			$38,563,124.56
Supplemental Successor Servicer Fee						$0.00		$0.00		$0.00		$0.00			$38,563,124.56
Additional Interest Amounts						$0.00		$0.00		$0.00		$0.00			$38,563,124.56
Make-Whole Payments						$0.00		$0.00		$0.00		$0.00			$38,563,124.56
Additional Fees and Expenses						$0.00		$0.00		$0.00		$0.00			$38,563,124.56
Additional Trust Expenses						$0.00		$0.00		$0.00		$0.00			$38,563,124.56
Class R Interest						$38,563,124.56		$38,563,124.56		$0.00		$0.00			$0.00

Total						$41,393,312.30		$41,393,312.30		$0.00		$0.00

Total Priority Principal Payments and Additional Interest Amounts															$0.00

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Noteholder Payments					Note Balance Payments		PFA Account Payment		Interest Payment		Add’l Interest Amount		Make-Whole Payment		Total Payment
Class A						$0.00		$0.00		$2,098,305.00		$0.00		$0.00		$2,098,305.00
Class B						$0.00		$0.00		$168,256.40		$0.00		$0.00		$168,256.40
Class C						$0.00		$0.00		$104,039.60		$0.00		$0.00		$104,039.60

Total						$0.00		$0.00		$2,370,601.00		$0.00		$0.00		$2,370,601.00


Noteholder Payments	Note Balance per $1,000 of Notes		Payment per $1,000 of Notes						As of Prior Payment Date				Current Payment Date
Noteholder Payments	Note Balance per $1,000 of Notes		Total Interest Payment		Make-Whole Payment		Total Payment		Balance		Note Pool Factor		Balance		Note Pool Factor
Class A		$1,000.00		$3.93		$0.00		$3.93		$534,600,000.00		$1.00		$534,600,000.00		$1.00
Class B		$1,000.00		$4.12		$0.00		$4.12		$40,872,000.00		$1.00		$40,872,000.00		$1.00
Class C		$1,000.00		$4.24		$0.00		$4.24		$24,528,000.00		$1.00		$24,528,000.00		$1.00

Total		$1,000.00		$3.95		$0.00		$3.95		$600,000,000.00		$1.00		$600,000,000.00		$1.00



									Beginning Period				Add: Deposit		Ending Period
Principal Funding Account Limit										$300,000,000.00						$300,000,000.00
Principal Funding Account Balance										$0.00				$0.00		$0.00

Note: Information regarding Amortization Event Tests and Excess Concentration Amounts can be found on the Verizon Master Trust report filed as Exhibit 99.1 to this Form 10-D.

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Verizon Master Trust 10-D