-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, DCdk84O4Q4FN1iNUXtCN66yjniN8AxoEMgn+ysN5SCKPcnuBXtTwui08BYxw/dUX eOZI6RgCkHz15cdE54mwNg== 0000950123-09-045348.txt : 20090924 0000950123-09-045348.hdr.sgml : 20090924 20090923200429 ACCESSION NUMBER: 0000950123-09-045348 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20090924 DATE AS OF CHANGE: 20090923 EFFECTIVENESS DATE: 20090924 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GMO TRUST CENTRAL INDEX KEY: 0000772129 IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-98772 FILM NUMBER: 091083557 BUSINESS ADDRESS: STREET 1: 40 ROWES WHARF CITY: BOSTON STATE: MA ZIP: 02110 BUSINESS PHONE: 6173467646 MAIL ADDRESS: STREET 1: 40 ROWES WHARF CITY: BOSTON STATE: MA ZIP: 02110 FORMER COMPANY: FORMER CONFORMED NAME: GMO CORE TRUST DATE OF NAME CHANGE: 19900927 0000772129 S000004081 GMO U.S. Core Equity Fund C000011423 Class III GMUEX C000011424 Class IV GMRTX C000011425 Class V C000011426 Class VI GMCQX 0000772129 S000004083 GMO Tobacco-Free Core Fund C000011431 Class III GMTCX 0000772129 S000004084 GMO U.S. Quality Equity Fund C000011437 Class III GQETX C000011438 Class IV GQEFX C000011439 Class V GQLFX C000011440 Class VI GQLOX 0000772129 S000004135 GMO U.S. Intrinsic Value Fund C000011589 Class III GMVUX 0000772129 S000004138 GMO U.S. Growth Fund C000011603 Class III GMGWX 0000772129 S000004141 GMO U.S. Small/Mid Cap Value Fund C000011619 Class III GMSUX 0000772129 S000004144 GMO U.S. Small/Mid Cap Growth Fund C000011635 Class III GMSPX 0000772129 S000004146 GMO Real Estate Fund C000011645 Class III GMORX 0000772129 S000004147 GMO Tax-Managed U.S. Equities Fund C000011652 Class III GTMUX 0000772129 S000004157 GMO International Core Equity Fund C000011701 Class III GMIEX C000011702 Class IV GMIRX C000011704 Class VI GCEFX 0000772129 S000004218 GMO International Growth Equity Fund C000011867 Class III GMIGX C000011868 Class IV GMGFX 0000772129 S000004224 GMO International Intrinsic Value Fund C000011880 Class II GMICX C000011881 Class III GMOIX C000011882 Class IV GMCFX 0000772129 S000004227 GMO Developed World Stock Fund C000011892 Class III GDWTX C000011893 Class IV GDWFX 0000772129 S000004228 GMO Currency Hedged International Equity Fund C000011898 Class III GMOCX 0000772129 S000004229 GMO Foreign Fund C000011904 Class II GMFRX C000011905 Class III GMOFX C000011906 Class IV GMFFX 0000772129 S000004230 GMO Foreign Small Companies Fund C000011910 Class III GMFSX C000011911 Class IV GFSFX 0000772129 S000004231 GMO International Small Companies Fund C000011914 Class III GMISX 0000772129 S000004911 GMO Emerging Markets Fund C000013268 Class II C000013269 Class III GMOEX C000013270 Class IV GMEFX C000013271 Class V GEMVX C000013272 Class VI GEMMX 0000772129 S000004912 GMO Emerging Countries Fund C000013275 Class III GMCEX 0000772129 S000004913 GMO Tax-Managed International Equities Fund C000013282 Class III GTMIX 0000772129 S000004917 GMO Core Plus Bond Fund C000013294 Class III GUGAX C000013295 Class IV GPBFX 0000772129 S000004918 GMO International Bond Fund C000013302 Class III GMIBX 0000772129 S000004919 GMO Currency Hedged International Bond Fund C000013310 Class III GMHBX 0000772129 S000004920 GMO Global Bond Fund C000013318 Class III GMGBX 0000772129 S000004922 GMO Emerging Country Debt Fund C000013327 Class III GMCDX C000013328 Class IV GMDFX 0000772129 S000004924 GMO Short-Duration Investment Fund C000013332 Class III GMSIX 0000772129 S000004926 GMO Alpha Only Fund C000013338 Class III GGHEX C000013339 Class IV GAPOX 0000772129 S000005485 GMO Benchmark-Free Allocation Fund C000014927 Class III GBMFX 0000772129 S000005486 GMO International Equity Allocation Fund C000014930 Class III GIEAX 0000772129 S000005487 GMO Global Balanced Asset Allocation Fund C000014933 Class III GMWAX 0000772129 S000005488 GMO Global Equity Allocation Fund C000014936 Class III GMGEX 0000772129 S000005489 GMO Strategic Opportunities Allocation Fund C000014937 Class III GBATX 0000772129 S000005490 GMO World Opportunities Equity Allocation Fund C000014938 Class III GWOAX 0000772129 S000005491 GMO U.S. Equity Allocation Fund C000014941 Class III 0000772129 S000007518 GMO Short-Duration Collateral Share Fund C000020550 Class III GMDCX C000020553 Class VI GSDFX 0000772129 S000011778 GMO Inflation Indexed Plus Bond Fund C000032211 Class III GMITX C000032214 Class VI GMIPX 0000772129 S000012211 GMO International Opportunities Equity Allocation Fund C000033342 III GIOTX 0000772129 S000025186 GMO U.S. Treasury Fund C000075084 GMO U.S. Treasury Fund 0000772129 S000025199 GMO Asset Allocation Bond Fund C000075099 Class III GMOBX C000075103 Class VI GABFX 0000772129 S000026050 GMO Asset Allocation International Bond Fund C000078131 Class III C000078132 Class VI 0000772129 S000026051 GMO World Opportunity Overlay Share Fund C000078133 Class III C000078134 Class VI 497 1 b77352a1e497.htm GMO TRUST e497
Filed pursuant to Rule 497(e)
File Nos. 2-98772 and 811-04347
GMO TRUST
Supplement dated September 24, 2009 to
GMO Trust Prospectus dated June 30, 2009, as amended on September 14, 2009
Emerging Country Debt Fund
Redemptions of Shares
Due to improved liquidity in fixed income markets, beginning October 1, 2009, Emerging Country Debt Fund ordinarily expects to pay redemption requests in cash rather than with portfolio securities. As noted on page 106 of the Prospectus, the Fund may take up to seven days to remit redemption proceeds.
As with all GMO Funds, if GMO determines, in its sole discretion, that paying redemption proceeds wholly or partly in cash would be detrimental to the best interests of the Fund’s remaining shareholders, the Fund may pay the redemption proceeds in whole or in part with securities instead of cash. In particular, if market conditions deteriorate and GMO believes the Fund’s redemption fee is not fair compensation for transaction costs, the Fund may limit cash redemptions (honoring redemptions with portfolio securities) in order to protect the interests of all Fund shareholders.

 

 

Filed pursuant to Rule 497(e)
File Nos. 2-98772 and 811-04347
GMO TRUST
Amended and Restated Supplement dated September 24, 2009 to
GMO Trust Prospectus dated June 30, 2009
Redemptions of Shares
Due to improved liquidity in fixed income markets, beginning September 14, 2009, all of the Fixed Income Funds except for Emerging Country Debt Fund, and beginning October 1, 2009, Emerging Country Debt Fund, ordinarily expect to pay redemption requests in cash rather than with portfolio securities. As noted on page 106 of the Prospectus, a Fund may take up to seven days to remit redemption proceeds.
As with all GMO Funds, if GMO determines, in its sole discretion, that paying redemption proceeds wholly or partly in cash would be detrimental to the best interests of a Fund’s remaining shareholders, a Fund may pay the redemption proceeds in whole or in part with securities instead of cash. In particular, if market conditions deteriorate and GMO believes a Fund’s redemption fee (if any) is not fair compensation for transaction costs, a Fund may limit cash redemptions (honoring redemptions with portfolio securities) in order to protect the interests of all Fund shareholders.
Redemption Fees
Fixed Income Funds
Effective September 14, 2009, the redemption fee applicable to each of the following Funds has been eliminated:
  •   GMO Core Plus Bond Fund
  •   GMO International Bond Fund
  •   GMO Currency Hedged International Bond Fund
  •   GMO Global Bond Fund
  •   GMO Short-Duration Investment Fund
  •   GMO Short-Duration Collateral Share Fund
  •   GMO Inflation Indexed Plus Bond Fund
  •   GMO World Opportunity Overlay Share Fund
As with all GMO Funds, the above Funds may impose a new redemption fee or modify an existing fee at any time.
In connection with these changes, the Funds’ Prospectus dated June 30, 2009 is modified as follows:
      All references to redemption fees in the “Fees and expenses” section of the above Funds’ summaries are deleted. In addition, in the “Example” section in each of the above Funds’ summaries, the expense examples under the heading “If you sell your shares” are deleted and the expense examples under the heading “If you do not sell your shares” are applicable whether or not you redeem your shares at the end of the stated periods.
Asset Allocation Funds
Effective September 14, 2009, the purchase premiums and redemption fees for certain Asset Allocation Funds have been changed as set forth in the table below, and references to the purchase premium and redemption fee for each Fund under the “Shareholder fees” caption in the “Fees and expenses” section of the Funds’ summaries are modified as follows:
                         
 
        Purchase premium     Redemption fee  
        (as a percentage of     (as a percentage of  
        amount invested)     amount redeemed)  
 
GMO U.S. Equity Allocation Fund
       0.00 %       0.00 %  
 
GMO International Opportunities Equity Allocation Fund
       0.00 %       0.00 %  
 
GMO Global Equity Allocation Fund
       0.11 %       0.11 %  
 
GMO World Opportunities Equity Allocation Fund
       0.00 %       0.00 %  
 
GMO Global Balanced Asset Allocation Fund
       0.07 %       0.08 %  
 
GMO Strategic Opportunities Allocation Fund
       0.00 %       0.00 %  
 
GMO Benchmark-Free Allocation Fund
       0.09 %       0.12 %  
 

 

 

In connection with these changes, the Funds’ Prospectus dated June 30, 2009 is further modified as follows:
In the “Example” section of the above Funds’ summaries, the expense examples under the headings “If you sell your shares” and “If you do not sell your shares” are deleted and replaced with the following:
      GMO U.S. Equity Allocation Fund
                                                                 
    If you sell your shares   If you do not sell your shares
    1 Year**   3 Years   5 Years   10 Years   1 Year**   3 Years   5 Years   10 Years
Class III
   $ 39     $ 148     $ 268     $ 617     $ 39     $ 148     $ 268     $ 617  
**   After reimbursement
GMO International Opportunities Equity Allocation Fund
                                                                 
    If you sell your shares   If you do not sell your shares
    1 Year*   3 Years   5 Years   10 Years   1 Year*   3 Years   5 Years   10 Years
Class III
   $ 68     $ 230     $ 405     $ 912     $ 68     $ 230     $ 405     $ 912  
*   After reimbursement
GMO Global Equity Allocation Fund
                                                                 
    If you sell your shares   If you do not sell your shares
    1 Year*   3 Years   5 Years   10 Years   1 Year*   3 Years   5 Years   10 Years
Class III
   $ 84     $ 235     $ 399     $ 877     $ 72     $ 222     $ 386     $ 860  
*   After reimbursement
GMO World Opportunities Equity Allocation Fund
                                                                 
    If you sell your shares   If you do not sell your shares
    1 Year*   3 Years   5 Years   10 Years   1 Year*   3 Years   5 Years   10 Years
Class III
   $ 58     $ 193     $ 341     $ 769     $ 58     $ 193     $ 341     $ 769  
*   After reimbursement
GMO Global Balanced Asset Allocation Fund
                                                                 
    If you sell your shares   If you do not sell your shares
    1 Year**   3 Years   5 Years   10 Years   1 Year**   3 Years   5 Years   10 Years
Class III
   $ 77     $ 234     $ 405     $ 902     $ 68     $ 225     $ 395     $ 890  
**   After reimbursement
GMO Strategic Opportunities Allocation Fund
                                                                 
    If you sell your shares   If you do not sell your shares
    1 Year**   3 Years   5 Years   10 Years   1 Year**   3 Years   5 Years   10 Years
Class III
   $ 58     $ 204     $ 363     $ 825     $ 58     $ 204     $ 363     $ 825  
**   After reimbursement
GMO Benchmark-Free Allocation Fund
                                                                 
    If you sell your shares   If you do not sell your shares
    1 Year*   3 Years   5 Years   10 Years   1 Year*   3 Years   5 Years   10 Years
Class III
   $ 96     $ 297     $ 514     $ 1,140     $ 83     $ 283     $ 499     $ 1,122  
*   After reimbursement

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All Funds
Effective September 14, 2009, the section captioned “Purchase Premiums and Redemption Fees” on page 108 of the Prospectus dated June 30, 2009 is replaced in its entirety with the following:
           Purchase premiums and redemption fees are paid to and retained by a Fund to help offset non-de minimis estimated portfolio transaction costs and other related costs (e.g., stamp duties and transfer fees) incurred by the Fund as a result of the purchase or redemption by allocating those estimated costs to the purchasing or redeeming shareholder. Each of the Asset Allocation Funds charges purchase premiums and redemption fees based on the weighted average of (i) the estimated transaction costs for directly held assets and (ii) the purchase premiums and/or redemption fees, if any, imposed by the underlying Funds in which it invests, provided that, if that weighted average is less than 0.05%, the Asset Allocation Fund generally will not charge a purchase premium or redemption fee. A Fund may impose a new purchase premium and/or redemption fee or modify an existing fee at any time. The Funds listed below currently charge purchase premiums and/or redemption fees. Please refer to the “Shareholder Fees” table under the caption “Fees and expenses” for each Fund for details regarding the purchase premium and/or redemption fee charged by that Fund.
  •   U.S. Small/Mid Cap Value Fund
  •   U.S. Small/Mid Cap Growth Fund
  •   Developed World Stock Fund
  •   Foreign Small Companies Fund
  •   International Small Companies Fund
  •   Emerging Markets Fund
  •   Emerging Country Debt Fund
  •   All Asset Allocation Funds
           Purchase premiums are not charged on reinvestments of distributions. Redemption fees apply to all shares of a Fund regardless of how the shares were acquired (e.g., by direct purchase or by reinvestment of dividends or other distributions).
      Waiver of Purchase Premiums/Redemption Fees
           If the Manager determines that any portion of a cash purchase or redemption, as applicable, is offset by a corresponding cash redemption or purchase occurring on the same day, it ordinarily will waive or reduce the purchase premium or redemption fee with respect to that portion. The Manager may consider known cash flows out of or into Funds when placing orders for the cash purchase or redemption of Fund shares by Asset Allocation Fund shareholders or other prospective or existing shareholders of the Funds for whom GMO provides asset allocation advice. Consequently, Asset Allocation Funds and those other shareholders for whom GMO provides asset allocation advice will tend to benefit from waivers of the Funds’ purchase premiums and redemption fees to a greater extent than other prospective and existing shareholders of the Funds. All or a portion of the purchase premiums and/or redemption fees for the Asset Allocation Funds may be waived at the Manager’s discretion when they are de minimis and/or the Manager deems it equitable to do so, including without limitation when the weighted average of (i) the estimated transaction costs for directly held assets and (ii) the purchase premiums and/or redemption fees, if any, imposed by the underlying funds are less than the purchase premium and/or redemption fee imposed by the Asset Allocation Fund. The Manager also may waive or reduce the purchase premium or redemption fee relating to a cash purchase or redemption of a Fund’s shares if the Fund will not incur transaction costs or will incur reduced transaction costs. The Manager will waive or reduce the purchase premium relating to the in-kind portion of a purchase of a Fund’s shares except to the extent of estimated or known transaction costs (e.g., stamp duties or transfer fees) incurred by the Fund in connection with the transfer of the purchasing shareholder’s securities to the Fund. In-kind redemptions are generally not subject to redemption fees except when they include a cash component. However, when a substantial portion of a Fund is being redeemed in-kind, the Fund may charge a redemption fee equal to known or estimated costs. Purchase premiums or redemption fees will not be waived for purchases and redemptions of Fund shares executed through brokers or agents, including, without limitation, intermediary platforms that are allowed pursuant to agreements with GMO Trust to transmit orders for purchases and redemptions to the Manager the day after those orders are received.

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