Voya Global Advantage and Premium Opportunity Fund (the Fund) is a diversified, closed-end management investment company. The Fund's primary investment objective is to provide a high level of income. Its secondary investment objective is capital appreciation. The Fund invests in sectors, such as financials, information technology, healthcare, consumer discretionary, industrials, consumer staples, energy, materials, utilities and telecommunication services. The Fund seeks to achieve its investment objectives by investing at least 80% of its managed assets in a portfolio of common stocks of companies located in different countries across the world, including the United States, and utilizing a derivatives strategy. The Fund's investment advisor is Voya Investments, LLC.