- Summit Global Investments Appoints Michael Barnett as Managing Director of Advisor Success, Client Success, and Technology Strategy
May 18, 2026
Seasoned wealth management and technology leader joins SGI leadership team
BOUNTIFUL, Utah, May 18, 2026 /PRNewswire/ -- Summit Global Investments (SGI), an independently owned SEC-registered investment advisor, today announced the appointment of Michael Barnett as Managing Director. In this newly created executive role, Michael will lead SGI's advisor and client success and technology strategy initiatives, reporting directly to Founder and CEO David Harden.Summit Global Investments (PRNewsfoto/Summit Global Investments)
Michael brings deep experience in financial services and technology to SGI. He spent two decades at Fidelity Investments, where he led client-facing teams across the retail and high-net-worth segments, including Investor Centers, Portfolio Advisory Services, and Personal Trust & Estate Planning Services. He subsequently served in a senior leadership role at Voya Financial, building and growing its independent and retail advisory organization. Most recently, Michael led technology and cybersecurity businesses, where he learned that the right technology makes great advisors even better and great client experiences even more meaningful.
"Michael brings exactly the combination of experience and character that SGI esteems.His background in building advisor and client success programs at a national-scale, combined with his technology leadership, makes him uniquely suited to help us achieve our vision of becoming the most trusted and efficient investment advisor. We are thrilled to have him join the SGI family." — David Harden, Founder and CEO, Summit Global Investments
In his new role, Michael will be responsible for expanding the programs, relationships, and infrastructure that enable SGI's advisors to focus entirely on their clients and for ensuring every client interaction reflects the firm's commitment to integrity, trust, and excellence. He will also lead SGI's technology strategy, including the firm's ongoing best-in-class platform development and the continued evolution of its advisor and client-facing digital experience.
"SGI has built something remarkable. World-class investment capabilities. A deep commitment to its advisors and clients. And a clear vision for where the industry is going. I am excited to be part of this team. My focus is simple: make sure every SGI advisor has everything they need to serve their clients at the highest possible level, and make sure every client feels that in every interaction."— Michael Barnett, Managing Director, Summit Global Investments
About Summit Global Investments Summit Global is a comprehensive financial services firm providing investment management, private wealth advisory, insurance solutions, and family office services to individuals, families, and institutions. The firm is committed to delivering disciplined strategies, fiduciary guidance, and innovative solutions that help clients pursue their financial goals with confidence.
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Cision
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- 2 Financials Stocks for Long-Term Investors and 1 Facing Challenges
May 18, 2026
Financial providers use their expertise in capital allocation and risk assessment to help facilitate economic growth while offering consumers and businesses essential financial services. But uncertainty about fiscal and monetary policy has tempered enthusiasm, limiting the industry's gains to 1.1% over the past six months. This return lagged the S&P 500's 9.9% climb.
Despite the lackluster result, a few diamonds in the rough can produce earnings growth no matter what, and we started StockStory to help you find them. With that said, here are two resilient financials stocks at the top of our wish list and one we’re swiping left on.
One Financials Stock to Sell:
Voya Financial (VOYA)
Market Cap: $7.39 billion
Originally spun off from Dutch financial giant ING in 2013 and rebranded with a name suggesting "voyage," Voya Financial (NYSE:VOYA) provides workplace benefits and savings solutions to U.S. employers, helping their employees achieve better financial outcomes through retirement plans and insurance products.
Why Is VOYA Not Exciting?
Muted 5.5% annual revenue growth over the last two years shows its demand lagged behind its financials peers Earnings growth over the last two years fell short of the peer group average as its EPS only increased by 4.9% annually Loan losses and capital returns have eroded its tangible book value per share this cycle as its tangible book value per share declined by 13.1% annually over the last five years
At $81.52 per share, Voya Financial trades at 8.4x forward P/E. Read our free research report to see why you should think twice about including VOYA in your portfolio, it’s free.
Two Financials Stocks to Buy:
SEI Investments (SEIC)
Market Cap: $11.09 billion
Founded in 1968 as Simulated Environments Inc. to train bank loan officers using computer simulations, SEI Investments (NASDAQ:SEIC) provides technology platforms, investment management, and operational solutions for financial institutions, wealth managers, and investors.
Why Should You Buy SEIC?
Products and services resonate with customers, evidenced by its respectable 9.9% annualized sales growth over the last two years Share buybacks catapulted its annual earnings per share growth to 26%, which outperformed its revenue gains over the last two years ROE punches in at 26.5%, illustrating management’s expertise in identifying profitable investments
SEI Investments is trading at $92.24 per share, or 15.2x forward P/E. Is now the right time to buy? Find out in our full research report, it’s free.
EVERTEC (EVTC)
Market Cap: $1.45 billion
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Operating one of Latin America's leading PIN debit networks called ATH, EVERTEC (NYSE:EVTC) is a payment transaction processor and financial technology provider that enables merchants and financial institutions across Latin America and the Caribbean to accept and process electronic payments.
Why Will EVTC Outperform?
Offerings and unique value proposition resonate with customers, as seen in its above-market 13.3% annual sales growth over the last two years Earnings per share have outperformed the peer group average over the last two years, increasing by 13% annually Stellar return on equity showcases management’s ability to surface highly profitable business ventures
EVERTEC’s stock price of $23.56 implies a valuation ratio of 5.9x forward P/E. Is now a good time to buy? See for yourself in our comprehensive research report, it’s free.
High-Quality Stocks for All Market Conditions
WHILE YOU’RE HERE: Top 9 Market-Beating Stocks. The best stocks don't just beat the market once. They do it again. And again. Robust revenue growth, rising free cash flow, returns on capital that leave their competition in the dust. The market has already rewarded these businesses.
But our AI platform says the party isn't over. Find out which 9 stocks made the cut this week - FREE. Get Our Top 9 Market-Beating Stocks for Free HERE.
Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,326% between June 2020 and June 2025) as well as under-the-radar businesses like the once-small-cap company Comfort Systems (+782% five-year return). Find your next big winner with StockStory today.
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- 3 Reasons VOYA is Risky and 1 Stock to Buy Instead
May 17, 2026
Voya Financial trades at $80.95 per share and has stayed right on track with the overall market, gaining 13.5% over the last six months. At the same time, the S&P 500 has returned 10%.
Is now the time to buy Voya Financial, or should you be careful about including it in your portfolio? See what our analysts have to say in our full research report, it’s free.
Why Is Voya Financial Not Exciting?
We're sitting this one out for now. Here are three reasons we avoid VOYA and a stock we'd rather own.
1. Long-Term Revenue Growth Disappoints
A company’s long-term performance is an indicator of its overall quality. Any business can have short-term success, but a top-tier one grows for years.
Regrettably, Voya Financial’s revenue grew at a mediocre 6.1% compounded annual growth rate over the last five years. This fell short of our benchmark for the financials sector.Voya Financial Quarterly Revenue
2. Recent EPS Growth Below Our Standards
Although long-term earnings trends give us the big picture, we like to analyze EPS over a shorter period to see if we are missing a change in the business.
Voya Financial’s weak 4.9% annual EPS growth over the last two years aligns with its revenue trend. This tells us it maintained its per-share profitability as it expanded.Voya Financial Trailing 12-Month EPS (Non-GAAP)
3. Growing TBVPS Reflects Strong Asset Base
We consider tangible book value per share (TBVPS) an important metric for financial firms. TBVPS represents the real, liquid net worth per share of a company, excluding intangible assets that have debatable value upon liquidation.
Although Voya Financial’s TBVPS declined at a 13.1% annual clip over the last five years. the good news is that its growth inflected positive over the past two years as TBVPS grew at an impressive 13.5% annual clip (from $25.12 to $32.36 per share).Voya Financial Quarterly Tangible Book Value per Share
Final Judgment
Voya Financial isn’t a terrible business, but it isn’t one of our picks. That said, the stock currently trades at 8.3× forward P/E (or $80.95 per share). While this valuation is optically cheap, the potential downside is big given its shaky fundamentals. We're pretty confident there are more exciting stocks to buy at the moment. We’d suggest looking at a dominant Aerospace business that has perfected its M&A strategy.
Stocks We Would Buy Instead of Voya Financial
ONE MORE THING: Top 5 Growth Stocks. The biggest stock winners almost always had one thing in common before they ran. Revenue growing like crazy. Meta. CrowdStrike. Broadcom. Our AI flagged all three. They returned 315%, 314%, and 455%, respectively.
Find out which 5 stocks it's flagging for this month - FREE. Get Our Top 5 Growth Stocks for Free HERE.
Stocks that have made our list include now familiar names such as Nvidia (+1,326% between June 2020 and June 2025) as well as under-the-radar businesses like the once-small-cap company Exlservice (+354% five-year return). Find your next big winner with StockStory today.
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- Is It Too Late To Consider Voya Financial (VOYA) After Its Strong Recent Share Price Run?
May 16, 2026
Track your investments for FREE with Simply Wall St, the portfolio command center trusted by over 7 million individual investors worldwide.
Wondering if Voya Financial stock is offering good value at current levels, or if the recent excitement has already been priced in. After a relatively flat week with the share price edging down 0.2%, the stock has returned 10.9% over the last month, 7.7% year to date and 20.2% over the past year, with longer term returns of 23.9% over three years and 34.5% over five years. Recent coverage has focused on Voya Financial as a US$81.44 per share diversified financial company, with attention on how its current market price lines up against standard valuation yardsticks. This backdrop is prompting investors to reassess whether the stock’s performance over the past few years still matches its fundamentals. On Simply Wall St's valuation checks, Voya Financial earns a value score of 5 out of 6, which sets the stage for a closer look at how different valuation methods assess the stock and points to an even richer way of thinking about valuation coming up later in this article.
Voya Financial delivered 20.2% returns over the last year. See how this stacks up to the rest of the Diversified Financial industry.
Approach 1: Voya Financial Excess Returns Analysis
The Excess Returns model looks at how much value a company can create over and above the return that shareholders require, then capitalizes those surplus earnings into an intrinsic value per share.
For Voya Financial, the model starts with a Book Value of $50.41 per share and a Stable EPS of $9.05 per share, based on weighted future Return on Equity estimates from 4 analysts. The implied Cost of Equity is $5.10 per share, so the Excess Return is $3.95 per share. This means the model assumes earnings that exceed the required return on equity capital.
The Average Return on Equity used is 14.83%, and the Stable Book Value is $61.01 per share, based on weighted future Book Value estimates from 7 analysts. Feeding these inputs into the Excess Returns framework gives an estimated intrinsic value of $142.87 per share.
Compared with the current share price of $81.44, this implies the stock is 43.0% undervalued on this measure.
Result: UNDERVALUED
Our Excess Returns analysis suggests Voya Financial is undervalued by 43.0%. Track this in your watchlist or portfolio, or discover 50 more high quality undervalued stocks.VOYA Discounted Cash Flow as at May 2026
Head to the Valuation section of our Company Report for more details on how we arrive at this Fair Value for Voya Financial.
Approach 2: Voya Financial Price vs Earnings
For profitable companies, the P/E ratio is a straightforward way to see how much you are paying for each dollar of earnings. This makes it a practical anchor when you are comparing stocks or sanity checking more complex models.
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A “normal” or “fair” P/E generally reflects what investors expect for growth and how much risk they see in those earnings. Higher expected growth or lower perceived risk tends to support a higher P/E, while slower growth or higher risk usually points to a lower one.
Voya Financial currently trades on a P/E of 11.56x. That sits below the Diversified Financial industry average of 16.90x and well below the peer group average of 37.42x. Simply Wall St’s Fair Ratio for the stock is 14.82x. This is its proprietary estimate of what Voya Financial’s P/E might be given factors such as earnings growth, profit margins, industry, market cap and company specific risks.
This Fair Ratio is more tailored than a simple comparison with peers or the industry, because it adjusts for the company’s own characteristics rather than assuming all financial stocks deserve the same multiple. With the current P/E at 11.56x versus a Fair Ratio of 14.82x, the shares screen as undervalued on this metric.
Result: UNDERVALUEDNYSE:VOYA P/E Ratio as at May 2026
P/E ratios tell one story, but what if the real opportunity lies elsewhere? Start investing in legacies, not executives. Discover our 19 top founder-led companies.
Upgrade Your Decision Making: Choose your Voya Financial Narrative
Earlier it was mentioned that there is an even better way to understand valuation. Narratives are introduced here as simple stories you can build around Voya Financial that link your view of its business, the forecast for revenue, earnings and margins, and the fair value you think is reasonable. All of this comes together within an easy tool on Simply Wall St’s Community page that updates when new earnings or news arrive and helps you compare that fair value to the current price to frame buy or sell decisions. One investor might build a Narrative closer to the highest analyst fair value of US$100 if they focus on digital investment and retirement platform scale, while another might sit nearer the US$70 low if they are more focused on fee pressure, medical cost volatility and acquisition or regulatory risks.
Do you think there's more to the story for Voya Financial? Head over to our Community to see what others are saying!NYSE:VOYA 1-Year Stock Price Chart
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include VOYA.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
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- Unpacking Q1 Earnings: Ameriprise Financial (NYSE:AMP) In The Context Of Other Custody Bank Stocks
May 16, 2026
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Ameriprise Financial (NYSE:AMP) and the rest of the custody bank stocks fared in Q1.
Custody banks safeguard financial assets and provide services like settlement, accounting, and regulatory compliance for institutional investors. Growth opportunities stem from increasing global assets under custody, demand for data analytics, and blockchain technology adoption for settlement efficiency. Challenges include fee pressure from large clients, substantial technology investment requirements, and competition from both traditional players and fintech firms entering the space.
The 14 custody bank stocks we track reported a strong Q1. As a group, revenues beat analysts’ consensus estimates by 2.9%.
In light of this news, share prices of the companies have held steady as they are up 4.5% on average since the latest earnings results.
Ameriprise Financial (NYSE:AMP)
Founded in 1894 and spun off from American Express in 2005, Ameriprise Financial (NYSE:AMP) provides financial planning, wealth management, asset management, and insurance products to help individuals and institutions achieve their financial goals.
Ameriprise Financial reported revenues of $4.77 billion, up 10.8% year on year. This print exceeded analysts’ expectations by 2.1%. Overall, it was a strong quarter for the company with a beat of analysts’ EPS and revenue estimates.Ameriprise Financial Total Revenue
Interestingly, the stock is up 2.2% since reporting and currently trades at $469.55.
Read why we think that Ameriprise Financial is one of the best custody bank stocks, our full report is free.
Best Q1: Franklin Resources (NYSE:BEN)
Operating under the widely recognized Franklin Templeton brand since 1947, Franklin Resources (NYSE:BEN) is a global investment management organization that offers financial services and solutions to individuals, institutions, and wealth advisors worldwide.
Franklin Resources reported revenues of $2.29 billion, up 8.7% year on year, outperforming analysts’ expectations by 11.8%. The business had an incredible quarter with a beat of analysts’ EPS and revenue estimates.Franklin Resources Total Revenue
The market seems happy with the results as the stock is up 15.1% since reporting. It currently trades at $31.74.
Is now the time to buy Franklin Resources? Access our full analysis of the earnings results here, it’s free.
Weakest Q1: Ridgepost Capital (NYSE:RPC)
Operating as a bridge between institutional investors and hard-to-access private market opportunities, Ridgepost Capital (NYSE:RPC) is an alternative asset management firm that provides access to private equity, venture capital, impact investing, and private credit opportunities in the middle and lower middle markets.
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Ridgepost Capital reported revenues of $75.35 million, up 11.2% year on year, falling short of analysts’ expectations by 3.8%. It was a slower quarter as it posted a significant miss of analysts’ EBITDA and revenue estimates.
Ridgepost Capital delivered the weakest performance against analyst estimates in the group. Interestingly, the stock is up 1% since the results and currently trades at $8.55.
Read our full analysis of Ridgepost Capital’s results here.
T. Rowe Price (NASDAQ:TROW)
Founded in 1937 by Thomas Rowe Price Jr., who pioneered the growth stock investing approach, T. Rowe Price (NASDAQ:TROW) is an investment management firm that offers mutual funds, advisory services, and retirement planning solutions to individuals and institutions.
T. Rowe Price reported revenues of $1.86 billion, up 4.8% year on year. This print lagged analysts' expectations by 1%. Zooming out, it was a mixed quarter as it also recorded a beat of analysts’ EPS estimates but a slight miss of analysts’ AUM estimates.
The stock is up 1.2% since reporting and currently trades at $101.65.
Read our full, actionable report on T. Rowe Price here, it’s free.
Voya Financial (NYSE:VOYA)
Originally spun off from Dutch financial giant ING in 2013 and rebranded with a name suggesting "voyage," Voya Financial (NYSE:VOYA) provides workplace benefits and savings solutions to U.S. employers, helping their employees achieve better financial outcomes through retirement plans and insurance products.
Voya Financial reported revenues of $1.93 billion, up 2.3% year on year. This number beat analysts’ expectations by 15.4%. It was a stunning quarter as it also produced a solid beat of analysts’ revenue estimates and a beat of analysts’ EPS estimates.
Voya Financial delivered the biggest analyst estimates beat but had the slowest revenue growth among its peers. The stock is down 2.6% since reporting and currently trades at $80.95.
Read our full, actionable report on Voya Financial here, it’s free.
Market Update
Late in 2025 into early 2026, there was hand wringing around artificial intelligence. For software companies, the fear was that AI would erode pricing power and compress margins as new tools made it easier to replicate what once required expensive enterprise platforms. Crypto investors had their own version of the same anxiety: if AI agents could trade, allocate capital, and manage wallets autonomously, what exactly was the long-term value of today’s crypto infrastructure?
These concerns triggered a noticeable rotation away from these sectors and into safer havens. But markets rarely dwell on one narrative for long. Spring 2026 came, and the focus shifted abruptly from technological disruption to geopolitical risk. The US’ conflict with Iran became the dominant driver of market psychology, and when geopolitics takes center stage, the script changes quickly. Investors stop debating growth rates and start worrying about oil supply, inflation, and global stability.
Want to invest in winners with rock-solid fundamentals? Check out our Top 6 Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.
StockStory’s analyst team — all seasoned professional investors — uses quantitative analysis and automation to deliver market-beating insights faster and with higher quality.
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- Voya Equity Closed End Funds Declare Distributions
May 15, 2026
SCOTTSDALE, Ariz., May 15, 2026--(BUSINESS WIRE)--Voya Investment Management, the asset management business of Voya Financial, Inc. (NYSE: VOYA), announced today the distributions on the common shares of five of its closed-end funds: Voya Global Advantage and Premium Opportunity Fund (NYSE: IGA), Voya Global Equity Dividend and Premium Opportunity Fund (NYSE: IGD), Voya Infrastructure, Industrials and Materials Fund (NYSE: IDE), Voya Asia Pacific High Dividend Equity Income Fund (NYSE: IAE), and Voya Emerging Markets High Dividend Equity Fund (NYSE: IHD).
With respect to each Fund, the distribution will be paid on June 15, 2026, to shareholders of record on June 1, 2026. The ex-dividend date is June 1, 2026. The distribution per share for each Fund is as follows:
Fund Distribution Per Share Monthly Distributions Voya Global Equity Dividend and Premium Opportunity Fund (NYSE: IGD) $0.050 Voya Asia Pacific High Dividend Equity Income Fund (NYSE: IAE) $0.065 Voya Emerging Markets High Dividend Equity Fund (NYSE: IHD) $0.055 Voya Global Advantage and Premium Opportunity Fund (NYSE: IGA) $0.085 Voya Infrastructure, Industrials and Materials Fund (NYSE: IDE) $0.100
The following table sets forth an estimate of the sources of each Fund’s May distribution and its cumulative distributions paid this fiscal year to date. Amounts are expressed on a per common share basis and as a percentage of the distribution amount.
Data as of 4/30/2026 Estimated Sources Tax YTD1 Estimated Tax YTD Percentages of Current Distribution Estimated Sources of Distribution of Distribution Per Share Net Investment LT ST Return of Per Share Net Investment LT ST Return of Net Investment LT ST Return of Distribution Income Gains Gains Capital Distribution Income Gains Gains Capital Income Gains Gains Capital IGA (FYE 2/28) 0.085 0.013 0.019 0.053 0.000 0.340 0.061 0.171 0.108 0.000 18.0% 50.0% 32.0% 0.0% IGD (FYE 2/28) 0.050 0.008 0.000 0.000 0.042 0.200 0.038 0.000 0.000 0.162 19.0% 0.0% 0.0% 81.0% IDE (FYE 2/28) 0.100 0.015 0.085 0.000 0.000 0.400 0.038 0.362 0.000 0.000 10.0% 90.0% 0.0% 0.0% IHD (FYE 2/28) 0.055 0.012 0.000 0.000 0.043 0.220 0.025 0.000 0.000 0.195 11.0% 0.0% 0.0% 89.0% IAE (FYE 2/28) 0.065 0.011 0.000 0.000 0.054 0.260 0.038 0.000 0.000 0.222 15.0% 0.0% 0.0% 85.0% 1 The Fund's tax year is January 1, 2026 to December 31, 2026.
Set forth in the tables below is information relating to each Fund’s performance based on its net asset value (NAV) for certain periods.
Data as of 4/30/2026 Annualized Cumulative Tax Tax YTD Distribution Tax YTD 5-Year Distribution Rate Tax YTD Distribution Rate Rate Distribution NAV Return on NAV on NAV1 Return on NAV on NAV1 IGA (FYE 2/28) 0.085 0.340 10.56 10.33% 9.66% 4.90% 3.22% IGD (FYE 2/28) 0.050 0.200 6.27 9.76% 9.57% 1.20% 3.19% IDE (FYE 2/28) 0.100 0.400 13.97 11.53% 8.59% 4.59% 2.86% IHD (FYE 2/28) 0.055 0.220 7.54 8.90% 8.75% 2.50% 2.92% IAE (FYE 2/28) 0.065 0.260 8.70 8.68% 8.97% 0.90% 2.99% 1 As a percentage of 4/30/2026 NAV
You should not draw any conclusions about the Funds’ investment performance from the amount of this distribution or from the terms of the Funds’ Plan. The Funds’ estimate that it has distributed more than its income and net realized capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the Funds is paid back to you. A return of capital distribution does not necessarily reflect the Funds’ investment performance and should not be confused with ‘yield’ or ‘income.’ The amounts and sources of distributions reported in this Section 19(a) Notice are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Funds’ investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Funds will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.
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Past performance is no guarantee of future results. Investment return and principal value of an investment will fluctuate, and shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted.
Shares of closed-end funds often trade at a discount from their net asset value. The market price of Fund shares may vary from net asset value based on factors affecting the supply and demand for shares, such as Fund distribution rates relative to similar investments, investors' expectations for future distribution changes, the clarity of the Fund's investment strategy and future return expectations, and investors' confidence in the underlying markets in which the Fund invests. Fund shares are subject to investment risk, including possible loss of principal invested. No Fund is a complete investment program and you may lose money investing in a Fund. An investment in a Fund may not be appropriate for all investors. Before investing, prospective investors should consider carefully the Fund's investment objective, risks, charges and expenses.
Certain statements made on behalf of the Funds in this release are forward-looking statements. The Funds’ actual future results may differ significantly from those anticipated in any forward-looking statements due to numerous factors, including but not limited to a decline in value in equity markets in general or the Funds' investments specifically. Neither the Funds nor Voya Investment Management undertake any responsibility to update publicly or revise any forward-looking statement.
This information should not be used as a basis for legal and/or tax advice. In any specific case, the parties involved should seek the guidance and advice of their own legal and tax counsel.
About Voya® Investment Management
Voya Investment Management manages over $353 billion as of March 31, 2026 in assets across public and private fixed income, equities, multi-asset solutions and alternative strategies for institutions, financial intermediaries and individual investors, drawing on a 50-year legacy of active investing and the expertise of 300+ investment professionals. Voya IM has cultivated a culture grounded in a commitment to understanding and anticipating clients’ needs, producing strong investment performance, and embedding diversity, equity and inclusion in its business.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260515994532/en/
Contacts
SHAREHOLDER INQUIRIES: Shareholder Services at (800) 992-0180; voyainvestments.com
Kris Kagel, (800) 992-0180
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- VOYA GLOBAL ADVANTAGE AND PREMIUM OPPORTUNITY FUND & VOYA INFRASTRUCTURE, INDUSTRIALS AND MATERIALS FUND ANNOUNCES PAYMENT OF MONTHLY DISTRIBUTION
May 15, 2026
SCOTTSDALE, Ariz., May 15, 2026--(BUSINESS WIRE)--Voya Global Advantage and Premium Opportunity Fund (NYSE: IGA) and Voya Infrastructure, Industrials and Materials Fund (NYSE: IDE) (the "Funds") today announced important information concerning the Funds’ distributions declared in April 2026. This press release is issued as required by the Funds’ Managed Distribution Plan (the "Plan") and an exemptive order received from the U.S. Securities and Exchange Commission. The Board of Trustees has approved the implementation of the Plan to make monthly cash distributions to common shareholders, stated in terms of a fixed amount per common share. This information is sent to you for informational purposes only and is an estimate of the sources of the May distribution. It is not determinative of the tax character of the Funds’ distributions for the 2026 calendar year. Shareholders should note that the Funds’ total regular distribution amount is subject to change as a result of market conditions or other factors.
The amounts and sources of distributions reported in this notice are estimates, are not being provided for tax reporting purposes and the distribution may later be determined to be from other sources including realized short-term gains, long-term gains, to the extent permitted by law, and return of capital. The actual amounts and sources for tax reporting purposes will depend upon the Funds’ investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.
Monthly Distribution: Payable May 15, 2026
Distribution Amount per Common Share (IGA): $0.085
Distribution Amount per Common Share (IDE): $0.100
The following table sets forth an estimate of the sources of the Fund’s May distribution and its cumulative distributions paid year to date. Amounts are expressed on a per common share basis and as a percentage of the distribution amount.
Voya Global Advantage and Premium Opportunity Fund Source Current Distribution % of Current Distribution Cumulative Distributions for the Tax Year-to-Date % of the Cumulative Distributions for the Tax Year-to-Date1 Net Investment Income $ 0.013 16.00% $ 0.061 18.00% Net Realized Short-Term Capital Gains $ 0.053 61.00% $ 0.108 32.00% Net Realized Long-Term Capital Gains $ 0.019 23.00% $ 0.171 50.00% Return of Capital or Other Capital Source(s) $ 0.000 0.00% $ 0.000 0.00% Total per common share $ 0.085 100.00% $ 0.340 100.00%
Voya Infrastructure, Industrials and Materials Fund Source Current Distribution % of Current Distribution Cumulative Distributions for the Fiscal Year-to-Date % of the Cumulative Distributions for the Fiscal Year-to-Date1 Net Investment Income $ 0.015 15.00% $ 0.038 10.00% Net Realized Short-Term Capital Gains $ 0.000 0.00% $ 0.000 0.00% Net Realized Long-Term Capital Gains $ 0.085 85.00% $ 0.362 90.00% Return of Capital or Other Capital Source(s) $ 0.000 0.00% $ 0.000 0.00% Total per common share $ 0.100 100.00% $ 0.400 100.00% 1 The Fund’s tax year is January 1, 2026 to December 31, 2026.
IMPORTANT DISCLOSURE: You should not draw any conclusions about the Funds’ investment performance from the amount of this distribution or from the terms of the Funds’ Plan. The Funds’ estimate that it has distributed more than its income and net realized capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the Funds’ is paid back to you. A return of capital distribution does not necessarily reflect the Funds’ investment performance and should not be confused with ‘yield’ or ‘income.’ The amounts and sources of distributions reported in this Section 19(a) Notice are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Funds’ investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Funds’ will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.
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Set forth in the tables below is information relating to the Fund’s performance based on its net asset value (NAV) for certain periods.
Voya Global Advantage and Premium Opportunity Fund
Average annual total return at NAV for the five year period ended on April 30, 20261 10.33% Annualized current distribution rate expressed as a percentage of NAV as of April 30, 20262 9.66% Cumulative total return at NAV for the tax year through April 30, 20263 4.90% Cumulative tax year to date distribution rate as a percentage of NAV as of April 30, 20264 3.22%
Voya Infrastructure, Industrials and Materials Fund
Average annual total return at NAV for the five year period ended on April 30, 20261 11.53% Annualized current distribution rate expressed as a percentage of NAV as of April 30, 20262 8.59% Cumulative total return at NAV for the fiscal year through April 30, 20263 4.59% Cumulative fiscal year to date distribution rate as a percentage of NAV as of April 30, 20264 2.86% 1 Average annual total return at NAV represents the compound average of the annual NAV total returns of the Fund for the five-year period ended on April 30, 2026.
2 The annualized current distribution rate is the cumulative distribution rate annualized as a percentage of the Fund’s NAV as of April 30, 2026.
3 Cumulative total return at NAV is the percentage change in the Fund’s NAV for the period from the beginning of its tax year to April 30, 2026 including distributions paid and assuming reinvestment of those distributions.
4 Cumulative tax year distribution rate for the period from the year-to-date period as a percentage of the Fund’s NAV as of April 30, 2026.
Past performance is no guarantee of future results. The performance quoted represents past performance. Investment return and principal value of an investment will fluctuate, and shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted.
Shares of closed-end funds often trade at a discount from their net asset value. The market price of Fund shares may vary from net asset value based on factors affecting the supply and demand for shares, such as Fund distribution rates relative to similar investments, investors’ expectations for future distribution changes, the clarity of the Fund’s investment strategy and future return expectations, and investors’ confidence in the underlying markets in which the Fund invests. Fund shares are subject to investment risk, including possible loss of principal invested. No Fund is a complete investment program and you may lose money investing in a Fund. An investment in a Fund may not be appropriate for all investors. Before investing, prospective investors should consider carefully the Fund’s investment objective, risks, charges and expenses.
Certain statements made on behalf of the Fund in this release are forward-looking statements. The Fund’s actual future results may differ significantly from those anticipated in any forward-looking statements due to numerous factors, including but not limited to a decline in value in equity markets in general or the Fund’s investments specifically. Neither the Fund nor Voya Investment Management undertake any responsibility to update publicly or revise any forward-looking statement.
This information should not be used as a basis for legal and/or tax advice. In any specific case, the parties involved should seek the guidance and advice of their own legal and tax counsel.
About Voya® Investment Management
Voya Investment Management manages over $353 billion as of March 31, 2026 in assets across public and private fixed income, equities, multi-asset solutions and alternative strategies for institutions, financial intermediaries and individual investors, drawing on a 50-year legacy of active investing and the expertise of 300+ investment professionals. Voya IM has cultivated a culture grounded in a commitment to understanding and anticipating clients’ needs, producing strong investment performance, and embedding diversity, equity and inclusion in its business.
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Contacts
SHAREHOLDER INQUIRIES: Shareholder Services at (800) 992-0180; voyainvestments.com
Kris Kagel, (800) 992-0180
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