ETF Report: Voya Global Advantage and Premium Opportunity Fund (IGA)

What this ETF is trying to do

The Voya Global Advantage and Premium Opportunity Fund, known by its ticker symbol IGA, is an exchange-traded fund (ETF). This type of fund is designed to provide investors with a way to access different opportunities in the global market through a single investment.

What the numbers show

As of July 17, 2026, the current price of one share of IGA is $9.99. Looking back at the past year, the price has grown slightly. One year ago, the estimated price was about $9.71. This means the price itself went up by 2.88% over the last twelve months.

When we look at "total return," which includes both price changes and the money paid out to investors, the numbers are higher. The one-year total return is 14.16%. Over a three-year period, the total return was even larger at 61.57%.

Income and distribution explanation

Some people invest in ETFs specifically to get regular payments, which are called distributions. IGA has a distribution yield of 10.21%. This is a high number, but it is important to remember that a high yield alone can be misleading. A high yield does not always mean the investment is performing well; it just shows how much money is being paid out compared to the share price.

This fund usually pays out money every month. Over the last 12 months, there were 12 distributions. Most of these payments have happened on Mondays.

NAV erosion explanation

"NAV erosion" happens when an ETF's share price keeps falling because it is paying out more money than it is actually earning. If a fund's price collapses from a high number to a much lower number, it can destroy your "principal." Principal is the original amount of money you put in.

For example, if you invested $10,000 and the share price dropped significantly, you might end up with much less than your original $10,000, even after receiving monthly payments. However, for IGA, no price erosion has been detected. The "erosion score" is listed as good.

Pros

• The fund has a high distribution yield of 10.21%.

• It provides regular monthly income.

• The total return over three years has been quite strong at 61.57%.

Cons

• High yields can sometimes hide underlying problems with a fund's value.

• Investors must watch the share price to ensure the income isn't coming at the cost of their original investment.

Beginner takeaway

Income investors usually prefer ETFs that stay steady or go slightly up in price. They prefer this because they want to collect their monthly payments without seeing their original investment shrink. While IGA has shown strong total returns and no current signs of price erosion, always remember that high yields require careful watching.