Voya Global Advantage and Premium Opportunity Fund
IGA
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- Voya Global Advantage and Premium Opportunity Fund (NYSE: IGA) is a diversified, closed-end management investment company that seeks a high level of current income through a combination of global equity investments and an options overlay strategy, with capital appreciation as a secondary objective. The Fund invests at least 80% of its managed assets in a portfolio of common stocks of companies located in a number of different countries throughout the world, including the United States; primarily focuses on value stocks across all market capitalizations and diversified sectors such as financials, industrials, health care, and consumer staples; sells call options on selected security indexes, equities, and/or exchange-traded funds covering approximately 50-100% of the value of its common stock holdings; and hedges major currency exposures to reduce return volatility. It benchmarks performance against the MSCI World Index and MSCI World Value Net Index, maintains a portfolio of approximately 227 holdings with top allocations to companies like Meta Platforms, Johnson & Johnson, and AbbVie as of October 31, 2025, and pays monthly distributions, with recent payouts of $0.085 per common share declared for November 2025 (payable December 15, 2025). The Fund, formerly known as ING Global Advantage and Premium Opportunity Fund, was launched on October 26, 2005 and is headquartered at 7337 East Doubletree Ranch Road, Suite 100, Scottsdale, Arizona 85258, United States. It is managed by Voya Investment Management Co. LLC, with sub-advisory support from NNIP Advisors B.V., and co-managed by teams including portfolio managers such as Justin Montminy, Susanna Jacob, Russell Shtern, and Kai Yee Wong. In recent years, the Fund has operated under a Managed Distribution Plan pursuant to an exemptive order from the U.S. Securities and Exchange Commission, enabling consistent monthly distributions that may include net investment income, short-term and long-term capital gains, and return of capital, as detailed in Section 19(a) notices accompanying announcements in 2024 and 2025; continued to emphasize its integrated quantitative equity strategy with call writing for enhanced total return potential amid market cycles; and maintained net assets of approximately $155.3 million as of October 31, 2025, with shares outstanding of 15.3 million and a geographic focus led by the United States (67.88%), United Kingdom, Canada, Japan, and France.