The Voya Global Advantage and Premium Opportunity Fund, established in the United States on July 7, 2005 (and previously known as the ING Global Advantage and Premium Opportunity Fund), operates as a closed-end equity investment vehicle. It is overseen by Voya Investment Management LLC, with additional management contributions from Voya Investments, LLC, Voya Investment Management Co. LLC, and NNIP Advisors B.V. This fund primarily allocates capital to publicly traded companies across global equity markets, with a focus on value stocks from a wide array of sectors and market capitalizations. Beyond direct stock investments, it also strategically utilizes index call options tied to selected indices, individual equities, or exchange-traded funds. Its portfolio is constructed through a meticulous bottom-up stock picking approach, guided by fundamental analysis and a proprietary discounted cash flow model that evaluates factors like sales performance, profit margins, and capital efficiency. The fund's performance is measured against the MSCI World Index.