Voya Global Advantage and Premium Opportunity Fund

Frequently Asked Questions About IGA

What does IGA invest in?

The Voya Global Advantage and Premium Opportunity Fund, established in the United States on July 7, 2005 (and previously known as the ING Global Advantage and Premium Opportunity Fund), operates as a closed-end equity investment vehicle. It is overseen by Voya Investment Management LLC, with additional management contributions from Voya Investments, LLC, Voya Investment Management Co. LLC, and NNIP Advisors B.V. This fund primarily allocates capital to publicly traded companies across global equity markets, with a focus on value stocks from a wide array of sectors and market capitalizations. Beyond direct stock investments, it also strategically utilizes index call options tied to selected indices, individual equities, or exchange-traded funds. Its portfolio is constructed through a meticulous bottom-up stock picking approach, guided by fundamental analysis and a proprietary discounted cash flow model that evaluates factors like sales performance, profit margins, and capital efficiency. The fund's performance is measured against the MSCI World Index.

What is the expense ratio of IGA?

Voya Global Advantage and Premium Opportunity Fund (IGA) charges an expense ratio of 1.01%. This is the annual fee deducted from fund assets to cover management and operations.

How big is IGA?

Voya Global Advantage and Premium Opportunity Fund (IGA) manages $154.2M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

Is IGA actively managed or an index fund?

IGA is a passive index fund. It tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (IGA's is 1.01%) because there's no security selection cost.

When was IGA launched?

Voya Global Advantage and Premium Opportunity Fund (IGA) launched in October 2005 and is managed by Voya.

How has IGA performed?

IGA's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.