IGD: The Dividend Is Too Generous

Voya Global Equity Dividend and Premium Opportunity Fund (IGD) retains a sell rating due to structural flaws and persistent NAV erosion. IGD's high 10.2% dividend yield is unsustainable, with 89% of recent distributions classified as return of capital, undermining NAV growth. The fund's option writing strategy limits upside in strong markets and forces sales of top positions, hindering long-term capital appreciation.