IGA: Discount Widens Back Out, Making It A More Interesting Choice (Upgrade)

The Voya Global Advantage and Premium Opportunity Fund now trades at an 8.92% discount, near its long-term average, with a 10.86% yield. IGA's monthly distribution policy and higher payout, implemented in 2024, have increased its appeal to income-focused investors and may support a higher valuation baseline. The fund's value-oriented, globally diversified portfolio has shown relative resilience during recent equity market sell-offs, outperforming peers like BOE in downturns.