VERT's FIDC Byx Mozart - Senior

VERT’s BYX Mozart Credit Rights Investment Fund (FIDC) is a structured credit vehicle backed by public-pension receivables (INSS)—claims on monthly pension payments owed by the federal government to retirees. The fund is bankruptcy-remote and organized into tranches that absorb risk according to a defined hierarchy. The Senior tranche is the most protected layer, benefiting from subordination provided by the mezzanine and junior tranches, resulting in the lowest risk and most stable returns.