Fund Description: Voya Global Advantage and Premium Opportunity Fund, formerly ING Global Advantage and Premium Opportunity Fund, is an exchange-traded closed-end fund (CEF) or a closed-end ETF that is officially described as a non-diversified, closed-end management investment company. INVESTMENT OBJECTIVE: The Voya Global Advantage and Premium Opportunity Fund seeks to provide a high level of income. Capital appreciation is the Fund’s secondary investment objective. FUND STRATEGY: The Fund seeks to achieve its investment objectives by investing in a portfolio of global common stocks and utilizing an integrated options writing strategy. Under normal market conditions, the Fund will invest at least 80% of its managed assets in a portfolio of common stocks of companies located in a number of different countries throughout the world, including the United States. The Fund will also seek to generate gains from option premiums by selling call options on selected securities indices. Under normal market conditions, the Fund will invest in common stocks of companies located in a number of different countries throughout the world, normally in approximately 550 common stocks, seeking to reduce the Fund’s exposure to individual stock risk. Securities held by the Fund may be denominated in both U.S. dollars and non-U.S. currencies. The Fund normally expects that its investments will be invested across a broad range of countries, industries and market sectors, including investments in issuers located in countries with emerging markets. FUND MANAGEMENT: Voya Investments, LLC. serves as the investment adviser to the Fund. Voya Investment Management serves as the Sub-Adviser.