Voya Global Advantage and Premium Opportunity Fund (IGA)
Frequently Asked Questions About Voya Global Advantage and Premium Opportunity Fund (IGA)
Can IGA invest in foreign companies?
Yes, Voya Global Advantage and Premium Opportunity Fund can invest in foreign companies as part of its global equity strategy. This international exposure helps diversify the portfolio and capitalize on investment opportunities worldwide.
Does IGA have any environmental, social, or governance (ESG) considerations in its investment process?
Voya Investment Management incorporates environmental, social, and governance (ESG) factors into its investment process by analyzing issuers' ESG practices. The fund seeks to invest in companies that align with responsible investment principles.
How can I purchase shares of IGA?
Shares of Voya Global Advantage and Premium Opportunity Fund can be purchased through brokerage accounts on the New York Stock Exchange, just like other stocks. Investors should consult with their financial advisors to determine the suitable approach for buying shares.
How does IGA differ from other mutual funds?
IGA is a closed-end fund, distinguishing it from traditional open-end mutual funds. Closed-end funds like IGA have a fixed number of shares traded on an exchange, which can lead to price discrepancies between market value and net asset value (NAV).
How does IGA generate income for shareholders?
IGA generates income for shareholders by investing in a diversified array of income-producing securities, such as dividends from equities and other distributions. The fund may also implement option strategies to enhance income and returns.
How often does IGA distribute earnings to its shareholders?
Voya Global Advantage and Premium Opportunity Fund typically distributes earnings to its shareholders in the form of monthly dividends. The exact amount and frequency can vary based on the fund's performance and underlying investment income.
Is IGA traded on an exchange?
Yes, Voya Global Advantage and Premium Opportunity Fund is traded on the New York Stock Exchange (NYSE) under the ticker symbol 'IGA.' Investors can buy and sell shares of the fund like other publicly-traded securities.
What are the benefits of investing in IGA?
Investing in IGA offers several benefits, including access to a professionally managed portfolio, diversification across global equities, potential for capital appreciation, and income generation through dividends and other distributions. Additionally, it is designed to adapt to changing market conditions.
What are the risks associated with investing in IGA?
Investing in IGA carries certain risks, including market risk, interest rate risk, and currency risk due to its global investment approach. Additionally, the performance of the fund may be affected by the volatility in equity markets and economic conditions.
What does Voya Global Advantage and Premium Opportunity Fund do?
Voya Global Advantage and Premium Opportunity Fund is a closed-end management investment company that seeks to provide total return through a combination of capital appreciation and current income. The Fund primarily invests in a diversified portfolio of global equity securities, and it aims to achieve its investment objectives by utilizing a blend of fundamental and technical analysis.
What factors influence IGA's performance?
The performance of Voya Global Advantage and Premium Opportunity Fund is influenced by various factors, including stock market trends, economic indicators, interest rates, sector performance, and the effectiveness of the managers' investment strategies.
What is the current NAV of IGA?
The net asset value (NAV) of Voya Global Advantage and Premium Opportunity Fund fluctuates regularly based on the performance of the underlying assets. Investors can check the latest NAV updates on financial news platforms or the fund's official website.
What is the expense ratio of Voya Global Advantage and Premium Opportunity Fund?
The expense ratio for Voya Global Advantage and Premium Opportunity Fund reflects the annual operating expenses as a percentage of the fund's average net assets. This figure can vary, but it's important for investors to consider it along with overall investment performance.
What is the investment objective of Voya Global Advantage and Premium Opportunity Fund?
The investment objective of IGA is to provide total return by pursuing capital appreciation and income generation. The fund's managers actively navigate both domestic and international markets to optimize returns according to their investment strategies.
What is the typical investment horizon for IGA?
While there is no mandatory investment horizon for Voya Global Advantage and Premium Opportunity Fund, it is typically suited for long-term investors seeking equity exposure and income. A longer-term perspective could help investors ride out market volatility.
What types of fees can investors expect when investing in IGA?
Investors in IGA can expect to incur management fees, operational expenses, and potentially transaction costs depending on how shares are bought or sold. It's essential to review the fund's prospectus for detailed information on fees.
What types of investments does IGA primarily focus on?
The Voya Global Advantage and Premium Opportunity Fund primarily focuses on investing in global equity securities, including common stocks, preferred stocks, and convertible securities. The fund aims to capitalize on market trends and achieve high returns.
When was Voya Global Advantage and Premium Opportunity Fund established?
Voya Global Advantage and Premium Opportunity Fund was established in 2012. The fund has been actively managed since its inception and aims to adapt to global market conditions by leveraging Voya's investment expertise.
Where can I find more information on IGA's performance and holdings?
Additional information on the performance and holdings of Voya Global Advantage and Premium Opportunity Fund can be found on the fund's official website, as well as through financial news outlets, reports, and regulatory filings.
Who manages Voya Global Advantage and Premium Opportunity Fund?
The fund is managed by Voya Investment Management, an experienced investment management firm that is a subsidiary of Voya Financial. The team comprises seasoned portfolio managers and analysts who utilize a disciplined investment process.
What is the current price of Voya Global Advantage and Premium Opportunity Fund?
The current price of Voya Global Advantage and Premium Opportunity Fund is 9.800
When was Voya Global Advantage and Premium Opportunity Fund last traded?
The last trade of Voya Global Advantage and Premium Opportunity Fund was at 6:30 pm EDT on April 2nd, 2025