SCHEDULE: Advisors Asset Management Discloses 5.6% Stake in Voya Fund

Advisors Asset Management, Inc. has filed an amended Schedule 13G, disclosing a 5.626% beneficial ownership stake in Voya Global Advantage and Premium Opportunity Fund as of December 31, 2025.

Summary

• Advisors Asset Management, Inc. (AAM) reported beneficial ownership of 863,164 shares of Common Stock in Voya Global Advantage and Premium Opportunity Fund.
• This ownership represents 5.626% of the class of securities.
• AAM holds sole voting power over 855,588 shares and sole dispositive power over 863,164 shares.
• Advisors Asset Management, Inc. is classified as a broker or dealer and an investment adviser.
• AAM sponsors several unit investment trusts (UITs) which hold shares of the issuer's common stock, and AAM disclaims beneficial ownership of these shares.

Sentiment

Score: 5

Explanation: The filing is a routine Schedule 13G disclosure of a passive ownership stake, which is a neutral event for the issuer. It provides transparency but does not indicate any strategic action or financial performance changes.

Positives

• Increased transparency regarding institutional holdings in Voya Global Advantage and Premium Opportunity Fund.

Negatives

• Advisors Asset Management, Inc. disclaims beneficial ownership of the shares, indicating these holdings are primarily for Unit Investment Trusts rather than a direct investment strategy by AAM itself.

Risks

• The reporting person, Advisors Asset Management, Inc., disclaims beneficial ownership of the shares, meaning their interest is primarily administrative as a sponsor of Unit Investment Trusts, rather than a direct investment exposing them to the fund's performance.

Future Outlook

No forward-looking statements or guidance are provided in this beneficial ownership disclosure.

Management Comments

• The securities were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11.

Industry Context

Schedule 13G filings are routine disclosures for institutional investors holding over 5% of a company's stock, indicating passive investment intent. This filing reflects standard operational procedures for an investment adviser and broker/dealer sponsoring Unit Investment Trusts, providing transparency on their holdings in the market.

Comparison to Industry Standards

• This filing is a routine disclosure for institutional investors, specifically a broker/dealer and investment adviser, holding over 5% of a public company's stock, consistent with SEC regulations for passive investment.

Corporate Governance

Stakeholder Impact

• Shareholders: Provides transparency regarding significant institutional holdings in the fund.
• Regulatory bodies: Ensures compliance with SEC disclosure requirements for beneficial ownership.

Next Steps

• No specific future actions, events, or milestones are mentioned in this filing.

Key Dates

Recommendation

This Schedule 13G filing is a routine disclosure of a passive ownership stake by an institutional investor. It does not contain information that would fundamentally alter the investment thesis for Voya Global Advantage and Premium Opportunity Fund, nor does it suggest any strategic moves by the reporting entity that would warrant a change in investment recommendation. Therefore, a 'hold' recommendation is appropriate as the filing provides transparency without new actionable insights for a change in position.

Keywords

Voya Global Advantage and Premium Opportunity Fund, Advisors Asset Management, Schedule 13G, Common Stock, Beneficial Ownership, Investment Fund, Closed-End Fund, Institutional Ownership, SEC Filing