Summary

• The Gabelli Global Small and Mid Cap Value Trust is a diversified, closed-end management investment company whose primary investment objective is long-term growth of capital.
• Shares of Dana Inc. (1.1%; +42%) rose on disciplined execution, balance sheet improvement, and progress toward higher-margin electrification.
• The top detractors for the Fund included Sony Group Corp., Herc Holdings Inc. and Entain plc.

Investment Objective

The Gabelli Global Small and Mid Cap Value Trust is a diversified, closed-end management investment company whose primary investment objective is long-term growth of capital. Under normal market conditions, the Fund will invest at least