IGA

Voya Global Advantage and Premium Opportunity Fund
IGA

$9.36

0.85%

Market Cap: $144M

About: Voya Global Advantage and Premium Opportunity Fund is a United States-based diversified, closed-end management investment company. The fund has two investment objectives. Its primary objective is to provide a high level of income, while the secondary objective is to seek capital appreciation. To achieve these objectives, the fund invests at least 80% of its managed assets in a portfolio of common stocks from various countries around the world, including the United States. Additionally, it uses an integrated derivatives strategy.

0

Funds holding %

of 6,710 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

20% more first-time investments, than exits

New positions opened: 6 | Existing positions closed: 5

3% more funds holding

Funds holding: 37 [Q1] → 38 (+1) [Q2]

8.5% less ownership

Funds ownership: 35.36% [Q1] → 26.86% (-8.5%) [Q2]

44% less capital invested

Capital invested by funds: $76.9M [Q1] → $43.3M (-$33.7M) [Q2]

58% less repeat investments, than reductions

Existing positions increased: 8 | Existing positions reduced: 19

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Research analyst outlook

We haven’t received any recent analyst ratings for IGA.

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Financial journalist opinion

Based on 3 articles about IGA published over the past 30 days

VOYA GLOBAL ADVANTAGE AND PREMIUM OPPORTUNITY FUND & VOYA INFRASTRUCTURE, INDUSTRIALS AND MATERIALS FUND ANNOUNCES PAYMENT OF MONTHLY DISTRIBUTION

SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Voya Global Advantage and Premium Opportunity Fund (NYSE: IGA) and Voya Infrastructure, Industrials and Materials Fund (NYSE: IDE) (the “Funds”) today announced important information concerning the Funds' distributions declared in August 2024. This press release is issued as required by the Funds' Managed Distribution Plan (the “Plan") and an exemptive order received from the U.S. Securities and Exchange Commission. The Board of Trustees has approved the impl.

VOYA GLOBAL ADVANTAGE AND PREMIUM OPPORTUNITY FUND & VOYA INFRASTRUCTURE, INDUSTRIALS AND MATERIALS FUND ANNOUNCES PAYMENT OF MONTHLY DISTRIBUTION

Voya Equity Closed End Funds Declare Distributions

SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Voya Investment Management, the asset management business of Voya Financial, Inc. (NYSE: VOYA), announced today the distributions on the common shares of five of its closed-end funds: Voya Global Advantage and Premium Opportunity Fund (NYSE: IGA), Voya Global Equity Dividend and Premium Opportunity Fund (NYSE: IGD), Voya Infrastructure, Industrials and Materials Fund (NYSE: IDE), Voya Asia Pacific High Dividend Equity Income Fund (NYSE: IAE), and Voya Emergin.

Voya Equity Closed End Funds Declare Distributions

IGA: Discount Narrows, But Still Worth Holding

The Voya Global Advantage and Premium Opportunity Fund switched to monthly distributions and increased payout earlier this year. As expected, that has led to some discount contraction since our prior update, but there is still some appeal here that can make the fund worth continuing to hold. The fund focuses on value-oriented sectors, global exposure, and options writing strategy to generate distribution.

IGA: Discount Narrows, But Still Worth Holding

IGA: Time To Trim This Covered Call Fund

IGA is a global equity covered call fund with 65% US equities and 35% international securities, focusing on income generation. The fund uses call options on indices/ETFs, hedges about 50% of the portfolio, and employs currency hedging for NAV stability. IGA's performance has been resilient, with slight underperformance compared to the S&P 500, showing defensive characteristics in volatile markets.

IGA: Time To Trim This Covered Call Fund

Leading Companies in the Retail and Consumer Goods Industries Support the Transition to QR Codes With GS1 Standards

BRUSSELS--(BUSINESS WIRE)--On the 50th anniversary of the barcode being scanned for the first time, 22 industry champions – including marketplaces such as Alibaba, retailers like Carrefour and manufacturers like Procter & Gamble, are calling for the global adoption of QR Codes with GS1 standards. Powered by GS1, the neutral and not-for-profit standards organisation behind the barcode, these QR Codes can give access to a wealth of product information easily accessible via smartphones – which.

Leading Companies in the Retail and Consumer Goods Industries Support the Transition to QR Codes With GS1 Standards

VOYA GLOBAL ADVANTAGE AND PREMIUM OPPORTUNITY FUND & VOYA INFRASTRUCTURE, INDUSTRIALS AND MATERIALS FUND ANNOUNCES PAYMENT OF MONTHLY DISTRIBUTION

SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Voya Global Advantage and Premium Opportunity Fund (NYSE: IGA) and Voya Infrastructure, Industrials and Materials Fund (NYSE: IDE) (the “Funds”) today announced important information concerning the Funds' distributions declared in May 2024. This press release is issued as required by the Funds' Managed Distribution Plan (the “Plan") and an exemptive order received from the U.S. Securities and Exchange Commission. The Board of Trustees has approved the impleme.

VOYA GLOBAL ADVANTAGE AND PREMIUM OPPORTUNITY FUND & VOYA INFRASTRUCTURE, INDUSTRIALS AND MATERIALS FUND ANNOUNCES PAYMENT OF MONTHLY DISTRIBUTION

Voya Equity Closed End Funds Declare Distributions

SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Voya Investment Management, the asset management business of Voya Financial, Inc. (NYSE: VOYA), announced today the distributions on the common shares of five of its closed-end funds: Voya Global Advantage and Premium Opportunity Fund (NYSE: IGA), Voya Global Equity Dividend and Premium Opportunity Fund (NYSE: IGD), Voya Infrastructure, Industrials and Materials Fund (NYSE: IDE), Voya Asia Pacific High Dividend Equity Income Fund (NYSE: IAE), and Voya Emergin.

Voya Equity Closed End Funds Declare Distributions

Voya Global Advantage and Premium Opportunity Fund & Voya Infrastructure, Industrials and Materials Fund Announces Payment of Monthly Distribution

SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Voya Global Advantage and Premium Opportunity Fund (NYSE: IGA) and Voya Infrastructure, Industrials and Materials Fund (NYSE: IDE) (the “Funds”) today announced important information concerning the Funds' distributions declared in April 2024. This press release is issued as required by the Funds' Managed Distribution Plan (the “Plan") and an exemptive order received from the U.S. Securities and Exchange Commission. The Board of Trustees has approved the imple.

Voya Global Advantage and Premium Opportunity Fund & Voya Infrastructure, Industrials and Materials Fund Announces Payment of Monthly Distribution

Voya Equity Closed End Funds Declare Distributions

SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Voya Investment Management, the asset management business of Voya Financial, Inc. (NYSE: VOYA), announced today the distributions on the common shares of five of its closed-end funds: Voya Global Advantage and Premium Opportunity Fund (NYSE: IGA), Voya Global Equity Dividend and Premium Opportunity Fund (NYSE: IGD), Voya Infrastructure, Industrials and Materials Fund (NYSE: IDE), Voya Asia Pacific High Dividend Equity Income Fund (NYSE: IAE), and Voya Emergin.

Voya Equity Closed End Funds Declare Distributions

Voya Investment Management to host a webcast for the Voya Global Advantage and Premium Opportunity Fund; Voya Global Equity Dividend and Premium Opportunity Fund; and Voya Infrastructure, Industrials and Materials Fund.

NEW YORK--(BUSINESS WIRE)--Voya Investment Management, the asset management business of Voya Financial, Inc. (NYSE: VOYA), will host a webcast for the Voya Global Advantage and Premium Opportunity Fund (NYSE: IGA), Voya Global Equity Dividend and Premium Opportunity Fund (NYSE: IGD), and Voya Infrastructure, Industrials and Materials Fund (NYSE: IDE) on Tuesday, May 14, 2024 from 4:30 p.m. – 5:00 p.m. ET.

Voya Investment Management to host a webcast for the Voya Global Advantage and Premium Opportunity Fund; Voya Global Equity Dividend and Premium Opportunity Fund; and Voya Infrastructure, Industrials and Materials Fund.

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