In plain terms — Voya Global Equity Dividend & Premium Opportunity Fund
Shares currently cost about 1.6% less than the value of the assets behind them (a discount).
Over the past year it has averaged a 3.4% discount, so today's level is not high for this fund (Z-score +0.7). That describes the past; it does not predict where the discount goes next.
It pays regular distributions worth about 9.4% a year of the share price (9.3% of the assets). That is a payout rate, not a return: part of it may be capital being handed back.
Because the shares trade below the value of their assets, each dollar of reinvested distributions buys about $1.02 of assets — a ReinvestCapture™ rate of 9.6%, more than the payout rate itself. That is buying power, not a return.
The assets themselves grew 16.2% over the past year including distributions (NAV total return).
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Price and NAV, past year
Snapshot
Valuation vs. history
| Window | Average prem/disc | Std. dev. | Z-score | Observations |
|---|---|---|---|---|
| 3 months | -1.11% | 1.34% | -0.44 | 55 |
| 6 months | -1.36% | 1.41% | -0.24 | 107 |
| 1 year | -3.40% | 2.52% | +0.67 | 205 |
| 3 years | -7.71% | — | — | — |
| 5 years | -8.97% | — | — | — |
Current contemporaneous premium/discount -1.71% (close Oct 14, 2026 vs NAV Oct 13, 2026). 1-year range -7.87% to +1.52%. A negative Z-score means a wider discount than the window average — not that the fund is undervalued.
Performance
| Series | 1M | 3M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) |
|---|---|---|---|---|---|---|
| Market price return | -0.47% | -0.32% | +10.14% | +8.06% | +9.48% | +1.05% |
| Market price total return | +0.33% | +2.04% | +18.54% | +19.36% | +21.36% | +11.36% |
| NAV return | -1.23% | +1.74% | +5.22% | +5.56% | +4.39% | -0.06% |
| NAV total return | -0.44% | +4.11% | +12.99% | +16.19% | +14.84% | +9.23% |
Through Oct 14, 2026. Total return reinvests distributions at the series value on the ex-date. Cumulative ≤ 1 year, annualised beyond.
About the fund
The Voya Global Equity Dividend and Premium Opportunity Fund, a closed-end equity mutual fund originally launched by Voya Investment Management LLC, is jointly managed by Voya Investments, LLC and NNIP Advisors B.V. This fund allocates capital to public equity markets worldwide, concentrating its investments on companies across various sectors. A central part of its strategy is to acquire dividend-paying stocks from companies boasting a market capitalization of $1 billion or more. Furthermore, the fund engages in call option investments, targeting specific indices, individual securities, or exchange-traded funds. Its portfolio is meticulously built through fundamental analysis, and its performance is benchmarked against both the MSCI World Index and the Chicago Board Options Exchange BuyWrite Monthly Index. Established in the United States on March 28, 2005, it was formerly recognized as the ING Global Equity Dividend and Premium Opportunity Fund.
CEF Explorer research page for Voya Global Equity Dividend & Premium Opportunity Fund. Figures carry their own dates and sources; a discount to NAV does not guarantee convergence or any return. This is not investment advice.