Verizon Master Trust 10-D

Exhibit 99.3


Monthly Investor Report: Verizon Master Trust - VZMT 2023-4



Offered Notes	Anticipated Redemption Date		Final Maturity Date		Issuance Note Balance		SOFR:Days in the Interest Period		Note Interest Rate		SOFR Adjustment Date		SOFR30A		Total
Class A-1a		6/22/26		06/20/2029		$537,800,000.00				5.16%						5.16	%
Class A-1b		6/22/26		06/20/2029		$175,000,000.00		29		SOFR + 0.85%		01/12/2026		3.70834%		4.56	%
Class B		6/22/26		06/20/2029		$54,500,000.00				4.57%						4.57	%
Class C		6/22/26		06/20/2029		$32,700,000.00				5.65%						5.65	%


Total						$800,000,000.00



Series 2023-4 Allocation % x Group One Available Funds			$57,829,981.40
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
Total Available Funds			$57,829,981.40



Beginning of Period Reserve Account Balance			$8,719,346.05
Required Reserve Amount			$8,719,346.05
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			$8,719,346.05



Waterfall Distribution	Amount Due		Amount Paid		Shortfall		Carryover Shortfall		Remaining Available Funds
Master Collateral Agent Fee		$58.55		$58.55		$0.00		$0.00		$57,829,922.85
Owner Trustee Fee		$0.00		$0.00		$0.00		$0.00		$57,829,922.85
Asset Representations Reviewer Fee		$32.60		$32.60		$0.00		$0.00		$57,829,890.25
Supplemental ARR Fee		$130.41		$130.41		$0.00		$0.00		$57,829,759.84
Indenture Trustee Fee		$1,250.00		$1,250.00		$0.00		$0.00		$57,828,509.84
Servicing Fee		$620,295.44		$620,295.44		$0.00		$0.00		$57,208,214.40
Class A-1a Note Interest		$2,312,540.00		$2,312,540.00		$0.00		$0.00		$54,895,674.40
Class A-1b Note Interest		$642,599.32		$642,599.32		$0.00		$0.00		$54,253,075.08
First Priority Principal Payment		$0.00		$0.00		$0.00		$0.00		$54,253,075.08
Class B Note Interest		$207,554.17		$207,554.17		$0.00		$0.00		$54,045,520.91
Second Priority Principal Payment		$0.00		$0.00		$0.00		$0.00		$54,045,520.91
Class C Note Interest		$153,962.50		$153,962.50		$0.00		$0.00		$53,891,558.41
Third Priority Principal Payment		$0.00		$0.00		$0.00		$0.00		$53,891,558.41
Reserve Account up to Required Reserve Amount		$0.00		$0.00		$0.00		$0.00		$53,891,558.41
Regular Priority Principal Payment		$0.00		$0.00		$0.00		$0.00		$53,891,558.41
Supplemental Successor Servicer Fee		$0.00		$0.00		$0.00		$0.00		$53,891,558.41
Additional Interest Amounts		$0.00		$0.00		$0.00		$0.00		$53,891,558.41
Make-Whole Payments		$0.00		$0.00		$0.00		$0.00		$53,891,558.41
Additional Fees and Expenses		$0.00		$0.00		$0.00		$0.00		$53,891,558.41
Additional Trust Expenses		$0.00		$0.00		$0.00		$0.00		$53,891,558.41
Class R Interest		$53,891,558.41		$53,891,558.41		$0.00		$0.00		$0.00


Total		$57,829,981.40		$57,829,981.40		$0.00		$0.00


Total Priority Principal Payments and Additional Interest Amounts										$0.00

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Noteholder Payments	Note Balance		PFA Account		Interest Payment		Add’l Interest		Make-Whole		Total Payment
Class A-1a		$0.00		$0.00		$2,312,540.00		$0.00		$0.00		$2,312,540.00
Class A-1b		$0.00		$0.00		$642,599.32		$0.00		$0.00		$642,599.32
Class B		$0.00		$0.00		$207,554.17		$0.00		$0.00		$207,554.17
Class C		$0.00		$0.00		$153,962.50		$0.00		$0.00		$153,962.50

Total		$0.00		$0.00		$3,316,655.99		$0.00		$0.00		$3,316,655.99



	Note Balance		Payment per $1,000 of Notes						As of Prior Payment Date				Current Payment Date
Noteholder Payments	per $1,000 of Notes		Interest Payment		Make-Whole Payment		Total Payment		Balance		Note Pool Factor		Balance		Note Pool Factor
Class A-1a		$1,000.00		$4.30		$0.00		$4.30		$537,800,000.00		1.00		$537,800,000.00		1.00
Class A-1b		$1,000.00		$3.67		$0.00		$3.67		$175,000,000.00		1.00		$175,000,000.00		1.00
Class B		$1,000.00		$3.81		$0.00		$3.81		$54,500,000.00		1.00		$54,500,000.00		1.00
Class C		$1,000.00		$4.71		$0.00		$4.71		$32,700,000.00		1.00		$32,700,000.00		1.00

Total		$1,000.00		$4.15		$0.00		$4.15		$800,000,000.00		1.00		$800,000,000.00		1.00

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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Collection Period

Payment Date

Transaction Month

Series Status at End of Prior Payment Date

December 2025

01/20/2026

Revolving

Beginning Period

Add: Deposit

Ending Period

Principal Funding Account Limit

$400,000,000.00

400,000,000.00

Principal Funding Account balance