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Voya Global Advantage and Premium Opportunity Fund

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About

Voya Global Advantage and Premium Opportunity Fund is a diversified closed-end management investment company. The fund's investment objective is to provide a high level of income and long-term capital appreciation by investing in a global portfolio of equity securities while employing an option overwriting strategy to generate additional income. The fund typically invests in large-cap stocks across developed and emerging markets worldwide and writes (sells) call options on a portion of its portfolio to collect premium income. This strategy is designed to enhance total return and reduce volatility, though it may limit upside potential during strong market rallies. The fund uses leverage to potentially enhance returns and trades on the New York Stock Exchange.