Voya Global Equity Dividend and Premium Opportunity Fund

Frequently Asked Questions About IGD

What does IGD invest in?

The Voya Global Equity Dividend and Premium Opportunity Fund, a closed-end equity mutual fund originally launched by Voya Investment Management LLC, is jointly managed by Voya Investments, LLC and NNIP Advisors B.V. This fund allocates capital to public equity markets worldwide, concentrating its investments on companies across various sectors. A central part of its strategy is to acquire dividend-paying stocks from companies boasting a market capitalization of $1 billion or more. Furthermore, the fund engages in call option investments, targeting specific indices, individual securities, or exchange-traded funds. Its portfolio is meticulously built through fundamental analysis, and its performance is benchmarked against both the MSCI World Index and the Chicago Board Options Exchange BuyWrite Monthly Index. Established in the United States on March 28, 2005, it was formerly recognized as the ING Global Equity Dividend and Premium Opportunity Fund.

What is the expense ratio of IGD?

Voya Global Equity Dividend and Premium Opportunity Fund (IGD) charges an expense ratio of 0.99%. This is the annual fee deducted from fund assets to cover management and operations.

What is IGD's distribution yield?

IGD's trailing-twelve-month yield is 9.46%, calculated from the sum of distributions over the past year divided by the current price.

How does IGD's covered-call strategy work?

IGD sells call options against the stocks (or index) it holds, collecting premium income that gets passed through to shareholders as distributions. The strategy generates above-market income in flat or rising markets but caps upside — when the underlying rallies past the strike, the gains above the strike go to the option buyer, not the fund.

How big is IGD?

Voya Global Equity Dividend and Premium Opportunity Fund (IGD) manages $500.0M 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 IGD actively managed or an index fund?

IGD's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.