# Voya Global Advantage and Premium Opportunity Fund (IGA): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/iga for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Voya · Asset class: Equity - Strategy: Passive Index · Inception: 2005-10-27 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... ## Key Facts | Metric | Value | |---|---| | Price | $10.05 | | Expense Ratio | 1.01% | | Assets Under Management | $154.2M | | NAV | — | | Holdings Count | — | | Distribution Yield (TTM) | 10.15% | | Annual Distribution (TTM) | $1.02 /share | | Distribution Frequency | Monthly | | 52-Week Range | $9.21 – $10.77 | | Beta | 0.47 | ## Latest Distribution - Amount: $0.0850 /share - Ex-date: 2026-11-02 - Pay date: 2026-11-16 ## Frequently Asked Questions ### 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. ### Does IGA pay a dividend? Voya Global Advantage and Premium Opportunity Fund (IGA) currently distributes little or no income. Trailing-twelve-month yield is 10.15%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does IGA pay dividends? Voya Global Advantage and Premium Opportunity Fund pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is IGA's dividend yield? IGA's trailing-twelve-month yield is 10.15%, calculated from the sum of dividends over the past year divided by the current price. ### When is IGA's next ex-dividend date? The most recently announced ex-dividend date for IGA was 2026-11-02. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will IGA's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 1.01% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does IGA charge its expense ratio? The expense ratio is deducted in tiny daily slices from IGA's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does IGA cost more than a fund like VOO? IGA is a passive index fund (current expense ratio 1.01%). Differences from broad-market ETFs like VOO usually come from index licensing fees, asset class (bond funds typically run cheaper than equity), or fund scale (smaller funds spread fixed operating costs across less AUM). ### Are there cheaper alternatives to IGA? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as IGA (1.01%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/iga - Distribution history: https://www.dividenddata.com/funds/iga/dividend - Holdings & diversification: https://www.dividenddata.com/funds/iga/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/iga/expenses - Peer comparison: https://www.dividenddata.com/funds/iga/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.