The Gabelli Global Small and Mid Cap Value Trust is a closed-ended equity mutual fund launched by GAMCO Investors, Inc. and managed by Gabelli Funds, LLC. It invests in public equity markets worldwide, primarily in value stocks of small and mid-cap companies with a market capitalization of $12 billion or less, across diversified sectors. The fund benchmarks its performance against the MSCI World SMID Cap Index. It was formed on August 19, 2013 and is domiciled in the United States.