(IGA) Voya Global Advantage - Overview
Fund: Equity Options, Global, Large-Cap
Dividends
| Dividend Yield | 11.32% |
| Yield on Cost 5y | 18.72% |
| Yield CAGR 5y | 6.66% |
| Payout Consistency | 89.0% |
| Payout Ratio | - |
| Risk 5d forecast | |
|---|---|
| Volatility | 11.4% |
| Relative Tail Risk | -1.70% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.85 |
| Alpha | 5.93 |
| Character TTM | |
|---|---|
| Beta | 0.633 |
| Beta Downside | 0.705 |
| Drawdowns 3y | |
|---|---|
| Max DD | 11.22% |
| CAGR/Max DD | 1.35 |
Description: IGA Voya Global Advantage January 01, 2026
Voya Global Advantage & Premium Opportunity Fund (NYSE: IGA) is a U.S.-based mutual fund that employs a derivative-income strategy, using options and other derivatives to generate current income while seeking capital appreciation. The fund’s style classifies it as “Derivative Income,” indicating a focus on income generation through structured exposure rather than direct equity ownership.
Key metrics (as of the latest filing) show an expense ratio of roughly 0.95 % and assets under management (AUM) near $3.2 billion, reflecting sizable investor interest. The fund’s performance is closely tied to the level of market volatility (VIX) and the shape of the yield curve, as higher implied volatility typically boosts option premiums, while a steepening curve can enhance the carry from written options. Recent macro-economic trends-such as the Federal Reserve’s policy pivot toward a more accommodative stance in 2024-have lowered short-term rates, compressing option premiums and pressuring income yields.
For a deeper dive into how IGA’s derivative exposure stacks up against peers and to explore scenario-based risk analytics, you might find ValueRay’s fund-level dashboards useful.
What is the price of IGA shares?
Over the past week, the price has changed by +0.51%, over one month by +2.30%, over three months by +6.37% and over the past year by +17.46%.
Is IGA a buy, sell or hold?
What are the forecasts/targets for the IGA price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 12.4 | 24.3% |
IGA Fundamental Data Overview February 03, 2026
EBIT TTM = 0.0 USD
EBITDA TTM = 0.0 USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = unknown
Enterprise Value = 173.4m USD (173.4m + (null Debt) - (null CCE))
Interest Coverage Ratio = unknown (Ebit TTM 0.0 / Interest Expense TTM 0.0)
EV/FCF = unknown (FCF TTM 0.0)
FCF Yield = 0.0% (FCF TTM 0.0 / Enterprise Value 173.4m)
FCF Margin = unknown (Revenue TTM is 0 or missing)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = unknown (Enterprise Value 173.4m / Total Assets none)
Interest Expense / Debt = unknown (Interest Expense 0.0 / Debt none)
Taxrate = 21.0% (US default 21%)
NOPAT = 0.0 (EBIT 0.0 * (1 - 21.00%))
Current Ratio = unknown (Total Current Assets none / Total Current Liabilities none)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 0.0)
Debt / FCF = unknown (Net Debt none / FCF TTM 0.0)
Total Stockholder Equity = 0.0 (from calculated bookValueOfEquity)
RoA = unknown (Net Income 0.0 / Total Assets none)
RoE = unknown (Net Income TTM 0.0 / Total Stockholder Equity 0.0)
RoCE = unknown (EBIT 0.0 / Capital Employed )
RoIC = unknown (NOPAT 0.0, Invested Capital 0.0, EBIT 0.0)
WACC = 8.25% (E(173.4m)/V(173.4m) * Re(8.25%) + (debt-free company))
Discount Rate = 8.25% (= CAPM, Blume Beta Adj.)
Fair Price DCF = unknown (Cash Flow 0.0)