ETF Report: Voya Global Equity Dividend and Premium Opportunity Fund (IGD)

What this ETF is trying to do

The Voya Global Equity Dividend and Premium Opportunity Fund, known by its ticker symbol IGD, is an ETF traded on the NYSE. This fund focuses on global stocks that pay dividends. It also uses "premium" strategies, which often means it tries to generate extra cash for investors through different financial methods.

What the numbers show

As of July 17, 2026, the current price of one share is $6.32. Looking back at the last year, the price has grown. One year ago, the estimated price was about $5.77.

The fund has shown strong growth recently:

• Year-to-Date (YTD) Total Return: 16.18%

• One-Year Total Return: 21.26%

• Three-Year Total Return: 67.97%

The "total return" is important because it includes both the rising share price and the cash payments made to investors.

Income and distribution explanation

This ETF is designed to pay out regular income. The distribution yield is 9.49%. This means the fund has paid out a significant amount of cash relative to its price. Over the last 12 months, it made 12 separate payments, totaling $0.60 per share. These payments usually happen once a month, most often on a Monday.

It is important to remember that a high yield alone can be misleading. A high percentage might look attractive, but you must also look at whether the share price is staying healthy or falling.

NAV erosion explanation

"NAV erosion" happens when an ETF's share price constantly drops because it is paying out more money than it is actually earning. If a fund's price falls from a high amount to a much lower amount, it can destroy your "principal." Principal is the original money you put in. If you invest $10,000 and the share price collapses, you might only have $5,000 left, even if you received cash payments along the way.

However, for IGD, no price erosion was detected. The data shows a "good" erosion score, meaning the price has been growing rather than shrinking.

Pros

• The fund has shown strong total returns over the last one, two, and three years.

• It provides regular monthly income.

• The share price has increased over the last year rather than falling.

Cons

• High-yield funds can be more complex than simple stock funds.

• Investors must watch closely to ensure the high payouts aren't coming at the expense of the share price.

Beginner takeaway

When looking at ETFs that pay high income, don't just look at the yield percentage. Income investors usually prefer ETFs that go sideways (stay at the same price) or move slightly up. They generally want to avoid funds that collapse in price. Because IGD has shown both price growth and high total returns, it is an example of a fund where the price and the income are moving together.