GGZ - Gabelli Global Small & Mid Cap Value Trust

What this means for you

No investor has reported owning 5% or more of this fund. That is the normal state for most closed-end funds.

Nothing is required of you. If that changes, the notice appears here within a day of being filed with the regulator.

Email me if this changes

What happened, and when

1. Sept 24, 2025

   The fund said it will repay some borrowed money on Sept 26, 2025.

   Original document →

About this fund

• Run by Gabelli Funds, LLC. Part of the Gabelli Fund Complex fund family. As of Dec 31, 2025, from the fund's yearly report. Original document →
• Size: about $138 million of holdings, as of June 30, 2026. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
• Borrowing: the fund borrows about 17% on top of its own money, as of June 30, 2026. Borrowed money makes gains and losses bigger. About 98% of that is money the fund has borrowed by selling preferred shares. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
• Costs: 1.2% a year in management fees; 2.8% a year in total, including interest on borrowed money. Fiscal year ended Dec 31, 2025. As of Dec 31, 2025, from the fund's yearly report. Original document →
• Payouts: last fiscal year (ended Dec 31, 2025) the fund paid $0.69 a share. $0.19 of that was income; $0.45 came from gains; $0.05 was your own money back, not income. As of Dec 31, 2025, from the fund's annual report. Original document →
• Value of holdings per share at the last fiscal year end (Dec 31, 2025): $16.55. The shares traded at $15.00, about 9.4% below that. As of Dec 31, 2025, from the fund's yearly report. Original document →
  Over the last two years the gap ranged from 18.1% below to 10.3% below. As of Dec 31, 2025, from the fund's annual report. Original document →
• How the holdings did: up 9.8% over the last three months we have (April-June 2026), before the share price is taken into account. Over the last 12 months: +28.7%. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
• How the holdings did over the fiscal year (ended Dec 31, 2025): the value of the holdings returned +21.4%. How the share price did: the shares returned +34.7% over the same year, counting payouts and the change in the market price. As of Dec 31, 2025, from the fund's annual report. Original document →
• First reported to the regulator in 2013.

What the fund holds

Mostly shares (87%), the rest bonds and preferred shares. About 58% issued in the U.S.

1. United States of America - Bureau of the Public Debt, B 0 07/14/26 - 6.6%
2. Rolls-Royce Holdings PLC Ord GBP0.20 - 4%
3. Mueller Industries - 2.9%
4. Cnh Industrial NV Com EUR0.01 - 2.7%
5. Sony Group - 2.5%
6. Millicom International Cellular SA Com USD1.50 - 2.4%
7. Chocoladefabriken Lindt & Spruengli AG CHF10 (Ptg Cert) - 2.4%
8. United States of America - Bureau of the Public Debt, B 0 09/24/26 - 2.3%
9. Herc Holdings - 2.1%
10. Cameco - 1.8%

As of June 30, 2026, from the fund's quarterly holdings report. Original document →