e497

0000950123-11-087871.txt : 20110930 0000950123-11-087871.hdr.sgml : 20110930 20110930141958 ACCESSION NUMBER: 0000950123-11-087871 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 7 FILED AS OF DATE: 20110930 DATE AS OF CHANGE: 20110930 EFFECTIVENESS DATE: 20110930 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: 111116597 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 Quality 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 GMEMX

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 S000004914 GMO Domestic Bond Fund

C000013286 Class III GMDBX

C000013287 Class IV

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 GUSAX

0000772129 S000005495 GMO Taiwan Fund

C000014957 Class III GMOTX

0000772129 S000007516 GMO Short-Duration Collateral Fund

C000020548 GMO Short-Duration Collateral Fund GMOSX

0000772129 S000007518 GMO Short-Duration Collateral Share Fund

C000020550 Class III GMDCX

C000020551 Class IV

0000772129 S000011778 GMO Inflation Indexed Plus Bond Fund

C000032211 Class III GMITX

C000032212 Class IV

0000772129 S000012210 GMO Strategic Fixed Income Fund

C000033338 III GFITX

C000033339 IV

0000772129 S000012211 GMO International Opportunities Equity Allocation Fund

C000033342 III GIOTX

0000772129 S000023608 GMO Flexible Equities Fund

C000069468 Class III GFEFX

C000069469 Class VI GFFEX

0000772129 S000025186 GMO U.S. Treasury Fund

C000075084 GMO U.S. Treasury Fund GUSTX

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 S000029579 GMO Emerging Domestic Opportunities Fund

C000090805 Class II GEDTX

C000090806 Class III

C000090807 Class IV

C000090808 Class V GEDOX

C000090809 Class VI

0000772129 S000033193 International Large/Mid Cap Value Fund

C000102153 Class III

C000102154 Class IV

C000102155 Class V

C000102156 Class VI

0000772129 S000033801 GMO International Intrinsic Value Extended Markets Fund

C000104430 Class II

C000104431 Class III

C000104432 Class IV

0000772129 S000033802 GMO Global Focused Equity Fund

C000104435 Class III

C000104436 Class IV

497 1 b88094x1e497.htm GMO TRUST e497

Ropes & Gray LLP
Prudential Tower
800 Boylston Street
Boston, MA 02199-3600
T: 617-951-7000
F: 617-951-7050


September 30, 2011		Carolyn Liu-Hartman
		617-951-7083
		carolyn.liu-hartman@ropesgray.com

BY EDGAR

Securities and Exchange Commission
100 F Street, N.E.
Washington, D.C. 20549

Re: GMO Trust (File Nos. 002-98772 and 811-04347)

Dear Ladies and Gentlemen:

On behalf of GMO Trust and pursuant to Rule 497(c) under the Securities Act of 1933, as amended, accompanying this letter for filing are exhibits containing an XBRL interactive data file relating to the definitive GMO Trust Prospectus dated September 13, 2011 relating to GMO International Intrinsic Value Extended Markets Fund, and the definitive GMO Trust Prospectus dated September 13, 2011 relating to GMO Global Focused Equity Fund, filed with the Securities and Exchange Commission on September 15, 2011 under Rule 497(c) (SEC Accession No. 0000950123-11-084662).

The purpose of this filing is to submit an XBRL interactive data file in the manner provided by Rule 405 of Regulation S-T, General Instruction C.3.(g) of Form N-1A, and Rule 497(c).

Please direct any questions or comments on the enclosed materials to me at 617-951-7083.

Sincerely,

/s/ Carolyn Liu-Hartman

Carolyn Liu-Hartman


cc:		Jason Harrison, Esq., Grantham, Mayo, Van Otterloo & Co. LLC Thomas R. Hiller, Esq.

EX-101.INS 2 gmot772129-20110913.xml EX-101 INSTANCE DOCUMENT 0000772129 gmot772129:S000033802Member gmot772129:C000104436Member 2010-09-14 2011-09-13 0000772129 gmot772129:S000033801Member gmot772129:C000104432Member 2010-09-14 2011-09-13 0000772129 gmot772129:S000033801Member gmot772129:C000104430Member 2010-09-14 2011-09-13 0000772129 gmot772129:S000033801Member gmot772129:C000104431Member 2010-09-14 2011-09-13 0000772129 gmot772129:S000033802Member gmot772129:C000104435Member 2010-09-14 2011-09-13 0000772129 gmot772129:S000033802Member gmot772129:ProspectusTwoMember 2010-09-14 2011-09-13 0000772129 gmot772129:S000033801Member gmot772129:ProspectusOneMember 2010-09-14 2011-09-13 0000772129 2010-09-14 2011-09-13 iso4217:USD xbrli:pure false 2011-09-15 2011-09-15 2011-09-15 Other 0000772129 GMO TRUST <div style="display:none;">~ http://gmo.com/role/AnnualFundOperatingExpensesGMOInternationalIntrinsicValueExtendedMarketsFund ~</div> <div style="display:none;">~ http://gmo.com/role/AnnualFundOperatingExpensesGMOGlobalFocusedEquityFund ~</div> Performance Performance 0.0015 0.0015 0.0022 0.0009 0.0010 Class III Class IV Class II Class III Class IV Example Example This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated, regardless of whether or not you redeem your shares at the end of such periods. The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same as those shown in the table. Although your actual costs may be higher or lower, based on these assumptions your costs would be: This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated, regardless of whether or not you redeem your shares at the end of such periods. The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same as those shown in the table. Although your actual costs may be higher or lower, based on these assumptions your costs would be: <div style="display:none;">~ http://gmo.com/role/ExpenseExampleGMOInternationalIntrinsicValueExtendedMarketsFund ~</div> <div style="display:none;">~ http://gmo.com/role/ExpenseExampleGMOGlobalFocusedEquityFund ~</div> 74 66 72 77 60 247 300 288 284 266 Fees and expenses Fees and expenses The tables below describe the fees and expenses that you may pay for each class of shares if you buy and hold shares of the Fund. The tables below describe the fees and expenses that you may pay for each class of shares if you buy and hold shares of the Fund. 0.0092 0.0099 0.0098 0.0103 0.0086 -0.0027 -0.0027 -0.0028 -0.0028 -0.0027 September 13, 2012 September 13, 2012 0.0060 0.0050 0.0050 0.0050 0.0060 0.0070 0.0059 0.0065 0.0072 0.0075 Investment objective Investment objective Total return. High total return. Annual Fund operating expenses (expenses that you pay each year as a percentage of the value of your investment) Annual Fund operating expenses (expenses that you pay each year as a percentage of the value of your investment) Class IV Class III Class II Class III Class IV The amounts represent an annualized estimate of the Fund’s operating expenses for its initial fiscal year. The amounts represent an annualized estimate of the Fund’s operating expenses for its initial fiscal year. 0.0028 0.0027 0.0027 0.0027 0.0028 Because the Fund had not yet completed a full calendar year of operations as of the date of this Prospectus, performance information for the Fund is not included. Because the Fund had not yet completed a full calendar year of operations as of the date of this Prospectus, performance information for the Fund is not included. Because the Fund had not yet completed a full calendar year of operations as of the date of this Prospectus, performance information for the Fund is not included. Because the Fund had not yet completed a full calendar year of operations as of the date of this Prospectus, performance information for the Fund is not included. Portfolio turnover Portfolio turnover The Fund pays transaction costs, such as commissions, when it buys and sells securities. A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in Annual Fund operating expenses or in the Example, affect the Fund’s performance. Because the Fund commenced operations on or following the date of this Prospectus, the Fund’s portfolio turnover rate is not available. The Fund pays transaction costs, such as commissions, when it buys and sells securities. A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in Annual Fund operating expenses or in the Example, affect the Fund’s performance. Because the Fund commenced operations on or following the date of this Prospectus, the Fund’s portfolio turnover rate is not available. 2011-09-13 Principal risks of investing in the Fund Principal risks of investing in the Fund Many factors can affect this value, and you may lose money by investing in the Fund. Many factors can affect this value, and you may lose money by investing in the Fund. The value of the Fund’s shares changes with the value of the Fund’s investments. Many factors can affect this value, and you may lose money by investing in the Fund. The Fund is a non-diversified investment company under the Investment Company Act of 1940, as amended (the “1940 Act”), and therefore a decline in the market value of a particular security held by the Fund may affect the Fund’s performance more than if the Fund were diversified. The principal risks of investing in the Fund are summarized below. For a more complete discussion of these risks, see “Description of Principal Risks.” • Market Risk — Equity Securities — The market value of equity investments may decline due to factors affecting the issuing companies, their industries, or the economy and equity markets generally. If the Fund purchases equity investments at a discount from their value as determined by the Manager, the Fund runs the risk that the market prices of these investments will not increase to that value for a variety of reasons, one of which may be the Manager’s overestimation of the value of those investments. The Fund also may purchase equity investments that typically trade at higher multiples of current earnings than other securities, and the market values of these investments often are more sensitive to changes in future earnings expectations than those other securities. Because the Fund normally does not take temporary defensive positions, declines in stock market prices generally are likely to reduce the net asset value of the Fund’s shares. • Management and Operational Risk — The Fund relies on GMO’s ability to achieve its investment objective by effectively implementing its investment approach. The Fund runs the risk that GMO’s proprietary investment techniques will fail to produce the desired results. The Fund’s portfolio managers may use quantitative analyses and/or models and any imperfections or limitations in such analyses and/or models could affect the ability of the portfolio managers to implement strategies. By necessity, these analyses and models make simplifying assumptions that limit their efficacy. Models that appear to explain prior market data can fail to predict future market events. Further, the data used in models may be inaccurate and/or it may not include the most recent information about a company or a security. The Fund is also subject to the risk that deficiencies in the Manager’s or another service provider’s internal systems or controls will cause losses for the Fund or impair Fund operations. • Foreign Investment Risk — The market prices of many foreign securities fluctuate more than those of U.S. securities. Many foreign markets are less stable, smaller, less liquid and less regulated than U.S. markets, and the cost of trading in those markets often is higher than in U.S. markets. Foreign portfolio transactions generally involve higher commission rates, transfer taxes and custodial costs than similar transactions in the U.S. In addition, the Fund may be subject to foreign taxes on capital gains or other income payable on foreign securities, on transactions in those securities and on the repatriation of proceeds generated from those securities. Also, many foreign markets require a license for the Fund to invest directly in those markets, and the Fund is subject to the risk that it could not invest if its license were terminated or suspended. In some foreign markets, prevailing custody and trade settlement practices (e.g., the requirement to pay for securities prior to receipt) expose the Fund to credit and other risks with respect to participating brokers, custodians, clearing banks or other clearing agents, escrow agents and issuers. Further, adverse changes in investment regulations, capital requirements or exchange controls could adversely affect the value of the Fund’s investments. These and other risks (e.g., nationalization, expropriation or other confiscation of assets of foreign issuers) tend to be greater for investments in companies tied economically to emerging countries, the economies of which tend to be more volatile than the economies of developed countries. • Currency Risk — Fluctuations in exchange rates can adversely affect the market value of the Fund’s foreign currency holdings and investments denominated in foreign currencies. • Derivatives Risk — The use of derivatives involves the risk that their value may not move as expected relative to the value of the relevant underlying assets, rates or indices. Derivatives also present other Fund risks, including market risk, liquidity risk, currency risk and counterparty risk. • Counterparty Risk — The Fund runs the risk that the counterparty to an OTC derivatives contract or a borrower of the Fund’s securities will be unable or unwilling to make timely settlement payments or otherwise honor its obligations. • Leveraging Risk — The Fund’s use of derivatives and securities lending may cause its portfolio to be leveraged. Leverage increases the Fund’s portfolio losses when the value of its investments decline. • Liquidity Risk — Low trading volume, lack of a market maker, large size of position or legal restrictions may limit or prevent the Fund from selling particular securities or unwinding derivative positions at desirable prices. The more less-liquid securities the Fund holds, the more likely it is to honor a redemption request in-kind. • Smaller Company Risk — Smaller companies may have limited product lines, markets or financial resources, may lack the competitive strength of larger companies, or may lack managers with experience or depend on a few key employees. The securities of small- and mid-cap companies often are less widely held and trade less frequently and in lesser quantities, and their market prices often fluctuate more, than the securities of companies with larger market capitalizations. • Focused Investment Risk — Focusing investments in countries, regions, sectors or companies or in industries with high positive correlations to one another creates additional risk. • Market Disruption and Geopolitical Risk — Geopolitical and other events may disrupt securities markets and adversely affect global economies and markets. Those events as well as other changes in foreign and domestic economic and political conditions could adversely affect the value of the Fund’s investments. • Large Shareholder Risk — To the extent that shares of the Fund are held by large shareholders (e.g., institutional investors, asset allocation funds or other GMO Funds), the Fund is subject to the risk that these shareholders will disrupt the Fund’s operations by purchasing or redeeming Fund shares in large amounts and/or on a frequent basis. The value of the Fund’s shares changes with the value of the Fund’s investments. Many factors can affect this value, and you may lose money by investing in the Fund. The Fund is a non-diversified investment company under the Investment Company Act of 1940, as amended (the “1940 Act”), and therefore a decline in the market value of a particular security held by the Fund may affect the Fund’s performance more than if the Fund were diversified. The principal risks of investing in the Fund are summarized below. For a more complete discussion of these risks, see “Description of Principal Risks.” • Management and Operational Risk — The Fund relies on GMO’s ability to achieve its investment objective by effectively implementing its investment approach. The Fund runs the risk that GMO’s proprietary investment techniques will fail to produce the desired results. The Fund’s portfolio managers may use quantitative analyses and/or models and any imperfections or limitations in such analyses and/or models could affect the ability of the portfolio managers to implement strategies. By necessity, these analyses and models make simplifying assumptions that limit their efficacy. Models that appear to explain prior market data can fail to predict future market events. Further, the data used in models may be inaccurate and/or it may not include the most recent information about a company or a security. The Fund is also subject to the risk that deficiencies in the Manager’s or another service provider’s internal systems or controls will cause losses for the Fund or impair Fund operations. • Market Risk — Equity Securities — The market value of equity investments may decline due to factors affecting the issuing companies, their industries, or the economy and equity markets generally. If the Fund purchases equity investments at a discount from their value as determined by the Manager, the Fund runs the risk that the market prices of these investments will not increase to that value for a variety of reasons, one of which may be the Manager’s overestimation of the value of those investments. The Fund also may purchase equity investments that typically trade at higher multiples of current earnings than other securities, and the market values of these investments often are more sensitive to changes in future earnings expectations than those other securities. Because the Fund normally does not take temporary defensive positions, declines in stock market prices generally are likely to reduce the net asset value of the Fund’s shares. • Focused Investment Risk — Focusing investments in countries, regions, sectors or companies or in industries with high positive correlations to one another creates additional risk. • Foreign Investment Risk — The market prices of many foreign securities fluctuate more than those of U.S. securities. Many foreign markets are less stable, smaller, less liquid and less regulated than U.S. markets, and the cost of trading in those markets often is higher than in U.S. markets. Foreign portfolio transactions generally involve higher commission rates, transfer taxes and custodial costs than similar transactions in the U.S. In addition, the Fund may be subject to foreign taxes on capital gains or other income payable on foreign securities, on transactions in those securities and on the repatriation of proceeds generated from those securities. Also, many foreign markets require a license for the Fund to invest directly in those markets, and the Fund is subject to the risk that it could not invest if its license were terminated or suspended. In some foreign markets, prevailing custody and trade settlement practices (e.g., the requirement to pay for securities prior to receipt) expose the Fund to credit and other risks with respect to participating brokers, custodians, clearing banks or other clearing agents, escrow agents and issuers. Further, adverse changes in investment regulations, capital requirements or exchange controls could adversely affect the value of the Fund’s investments. These and other risks (e.g., nationalization, expropriation or other confiscation of assets of foreign issuers) tend to be greater for investments in companies tied economically to emerging countries, the economies of which tend to be more volatile than the economies of developed countries. • Currency Risk — Fluctuations in exchange rates can adversely affect the market value of the Fund’s foreign currency holdings and investments denominated in foreign currencies. • Liquidity Risk — Low trading volume, lack of a market maker, large size of position or legal restrictions may limit or prevent the Fund from selling particular securities or unwinding derivative positions at desirable prices. The more less-liquid securities the Fund holds, the more likely it is to honor a redemption request in-kind. • Large Shareholder Risk — To the extent that shares of the Fund are held by large shareholders (e.g., institutional investors, asset allocation funds or other GMO Funds), the Fund is subject to the risk that these shareholders will disrupt the Fund’s operations by purchasing or redeeming Fund shares in large amounts and/or on a frequent basis. • Smaller Company Risk — Smaller companies may have limited product lines, markets or financial resources, may lack the competitive strength of larger companies, or may lack managers with experience or depend on a few key employees. The securities of small- and mid-cap companies often are less widely held and trade less frequently and in lesser quantities, and their market prices often fluctuate more, than the securities of companies with larger market capitalizations. • Market Disruption and Geopolitical Risk — Geopolitical and other events may disrupt securities markets and adversely affect global economies and markets. Those events as well as other changes in foreign and domestic economic and political conditions could adversely affect the value of the Fund’s investments. • Derivatives Risk — The use of derivatives involves the risk that their value may not move as expected relative to the value of the relevant underlying assets, rates or indices. Derivatives also present other Fund risks, including market risk, liquidity risk, currency risk and counterparty risk. • Leveraging Risk — The Fund’s use of derivatives and securities lending may cause its portfolio to be leveraged. Leverage increases the Fund’s portfolio losses when the value of its investments decline. • Counterparty Risk — The Fund runs the risk that the counterparty to an OTC derivatives contract or a borrower of the Fund’s securities will be unable or unwilling to make timely settlement payments or otherwise honor its obligations. The Fund is a non-diversified investment company under the Investment Company Act of 1940, as amended (the “1940 Act”), and therefore a decline in the market value of a particular security held by the Fund may affect the Fund’s performance more than if the Fund were diversified. The Fund is a non-diversified investment company under the Investment Company Act of 1940, as amended (the “1940 Act”), and therefore a decline in the market value of a particular security held by the Fund may affect the Fund’s performance more than if the Fund were diversified. GMO International Intrinsic Value Extended Markets Fund GMO Global Focused Equity Fund Principal investment strategies Principal investment strategies The Fund may invest directly and indirectly (e.g., through underlying funds or derivatives) in equity investments traded in any of the world’s securities markets, including emerging markets. Under normal circumstances, the Fund invests directly and indirectly at least 80% of its assets in equity investments (see “Name Policy”). The term “equity investments” refers to direct and indirect investments in common stocks and other stock-related securities, such as preferred stocks, convertible securities, depositary receipts, and exchange-traded equity REITs and equity income trusts. The Fund is permitted to make equity investments of all types, including equity investments issued by foreign and/or U.S. companies, growth and/or value style equities, and equity investments of companies of any market capitalization. In addition, the Fund is not limited in how much it may invest in any market or in the types of equity investments it may pursue, and it may often invest all its assets in a limited number of equity investments of companies in a single country and/or capitalization range. The Fund could experience material losses from a single investment. The Manager anticipates that the Fund will focus its investments in a limited number (30-50) of securities that the Manager believes offer the most attractive investment opportunities across U.S. and foreign equity markets. The Manager does not seek to manage the Fund to, or control the Fund’s risk relative to, any index or benchmark. The Manager selects investments using fundamental analysis that is informed by a disciplined quantitative screening process. The Manager analyzes companies for financial, operational and managerial strength and compares them to their global, regional and local industry peers. As part of the investment process, the Manager frequently meets with management and/or visits companies. The Fund may hold up to 20% of its assets in cash or cash equivalents. To the extent the Fund holds cash or cash equivalents, it may not achieve its investment objective. In pursuing its investment objective, the Fund may (but is not obligated to) use a wide variety of exchange-traded and over-the-counter (“OTC”) derivatives, including, without limitation, futures and options. The Fund’s foreign currency exposure may differ from the currency exposure of its equity investments. In addition, the Fund may lend its portfolio securities. For cash management purposes, the Fund may invest in U.S. Treasury Fund and unaffiliated money market funds. The Manager seeks to achieve the Fund’s investment objective by investing in equities or groups of equities that the Manager believes will provide higher returns than the MSCI ACWI ex-U.S. Index. The Manager uses active investment management methods, which means that equities are bought and sold according to the Manager’s evaluation of companies’ published financial information, securities’ prices, equity and bond markets, and the overall economy. In selecting equities for the Fund, the Manager may use a combination of quantitative and qualitative investment methods to identify equities that the Manager believes present positive return potential relative to other equities. Some of these methods evaluate individual equities or a group of equities (e.g., equities of companies in a particular industry) based on the ratio of their price to historical financial information, including book value, cash flow and earnings, and forecasted financial information provided by industry analysts. The Manager may compare these ratios to industry or market averages in assessing the relative attractiveness of an equity or a group of equities. Other methods used by the Manager focus on evaluating patterns of price movement or volatility of an equity or group of equities relative to the Fund’s investment universe. The Manager also may adjust the Fund’s portfolio for factors such as position size, market capitalization, and exposure to groups such as industry, sector, country or currency. The Fund may invest in companies of any market capitalization. As a substitute for direct investments in equities, the Manager may use exchange-traded and over-the-counter (“OTC”) derivatives. The Manager also may use derivatives: (i) in an attempt to reduce investment exposures (which may result in a reduction below zero); (ii) in an attempt to adjust elements of the Fund’s investment exposure; and (iii) to effect transactions intended as substitutes for securities lending. Derivatives used may include futures, options, forward currency contracts and swap contracts. In addition, the Fund may lend its portfolio securities. The Fund typically invests directly and indirectly (e.g., through underlying funds or derivatives) in equities of companies tied economically to countries other than the U.S., including both developed and emerging countries. The term “equities” refers to direct and indirect investments in common stocks and other stock-related securities, such as preferred stocks, convertible securities, depositary receipts, and exchange-traded equity REITs and equity income trusts. For purposes of this Prospectus, an investment is “tied economically” to a particular country or region if: (i) it is an investment in an issuer that is organized under the laws of that country or of a country within that region or in an issuer that maintains its principal place of business in that country or region; (ii) it is traded principally in that country or region; or (iii) it is an investment in an issuer that derived at least 50% of its revenues or profits from goods produced or sold, investments made, or services performed in that country or region, or has at least 50% of its assets in that country or region. For cash management purposes, the Fund may invest in U.S. Treasury Fund and unaffiliated money market funds. The amounts represent an annualized estimate of the Fund's operating expenses for its initial fiscal year. Subject to certain exclusions ("Excluded Fund Fees and Expenses"), Grantham, Mayo, Van Otterloo & Co. LLC (the "Manager" or "GMO") has contractually agreed to reimburse the Fund to the extent the Fund's total annual operating expenses exceed 0.50% of the Fund's average daily net assets. Excluded Fund Fees and Expenses include shareholder service fees, underlying fund expenses, independent Trustee expenses, certain legal costs, investment-related costs (e.g., brokerage commissions and securities lending fees), extraordinary expenses, and other expenses described under "Expense Reimbursement" in this Prospectus. This expense limitation will continue through at least September 13, 2012, and may not be terminated prior to this date without the consent of the Fund's Board of Trustees. Subject to certain exclusions ("Excluded Fund Fees and Expenses"), Grantham, Mayo, Van Otterloo & Co. LLC (the "Manager" or "GMO") has contractually agreed to reimburse the Fund to the extent the Fund's total annual operating expenses exceed 0.60% of the Fund's average daily net assets. Excluded Fund Fees and Expenses include shareholder service fees, underlying fund expenses, independent Trustee expenses, certain legal costs, investment-related costs (e.g., brokerage commissions and securities lending fees), extraordinary expenses, and other expenses described under "Expense Reimbursement" in this Prospectus. This expense limitation will continue through at least September 13, 2012, and may not be terminated prior to this date without the consent of the Fund's Board of Trustees. 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S000033801 Member GMO International Intrinsic Value Extended Markets Fund. GMO International Intrinsic Value Extended Markets Fund C000104430 Member Class II, GMO International Intrinsic Value Extended Markets Fund GMO International Intrinsic Value Extended Markets Fund - Class II. C000104431 Member Class III, GMO International Intrinsic Value Extended Markets Fund GMO International Intrinsic Value Extended Markets Fund - Class III. C000104432 Member Class IV, GMO International Intrinsic Value Extended Markets Fund GMO International Intrinsic Value Extended Markets Fund - Class IV. Fund Fees And Expenses Abstract Fees and expenses Fund Fees And Expenses. Portfolio Turnover Alt Abstract Portfolio turnover Portfolio Turnover. Fund Past Performance Abstract Fund Past Performance. 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GMO International Intrinsic Value Extended Markets Fund | Summary - GMO International Intrinsic Value Extended Markets Fund

GMO International Intrinsic Value Extended Markets Fund

Investment objective

High total return.

Fees and expenses

The tables below describe the fees and expenses that you may pay for each class of shares if you buy and hold shares of the Fund.

Annual Fund operating expenses (expenses that you pay each year as a percentage of the value of your investment)

Annual Fund Operating Expenses GMO International Intrinsic Value Extended Markets Fund		Class II, GMO International Intrinsic Value Extended Markets Fund	Class III, GMO International Intrinsic Value Extended Markets Fund	Class IV, GMO International Intrinsic Value Extended Markets Fund
Operating Expenses Column [Text]		Class II	Class III	Class IV
Management fee		0.50%	0.50%	0.50%
Shareholder service fee		0.22%	0.15%	0.09%
Other expenses	^[1]	0.27%	0.27%	0.27%
Total annual operating expenses	^[1]	0.99%	0.92%	0.86%
Expense reimbursement	^[1][2]	(0.27%)	(0.27%)	(0.27%)
Total annual operating expenses after expense reimbursement	^[1]	0.72%	0.65%	0.59%

[1]

The amounts represent an annualized estimate of the Fund's operating expenses for its initial fiscal year.

[2]

Subject to certain exclusions ("Excluded Fund Fees and Expenses"), Grantham, Mayo, Van Otterloo & Co. LLC (the "Manager" or "GMO") has contractually agreed to reimburse the Fund to the extent the Fund's total annual operating expenses exceed 0.50% of the Fund's average daily net assets. Excluded Fund Fees and Expenses include shareholder service fees, underlying fund expenses, independent Trustee expenses, certain legal costs, investment-related costs (e.g., brokerage commissions and securities lending fees), extraordinary expenses, and other expenses described under "Expense Reimbursement" in this Prospectus. This expense limitation will continue through at least September 13, 2012, and may not be terminated prior to this date without the consent of the Fund's Board of Trustees.

Example

This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated, regardless of whether or not you redeem your shares at the end of such periods. The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same as those shown in the table. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Expense Example GMO International Intrinsic Value Extended Markets Fund (USD $)	Expense Example, By Year, Column [Text]	1 Year	3 Years
Class II, GMO International Intrinsic Value Extended Markets Fund	Class II	74	288
Class III, GMO International Intrinsic Value Extended Markets Fund	Class III	66	266
Class IV, GMO International Intrinsic Value Extended Markets Fund	Class IV	60	247

Portfolio turnover

The Fund pays transaction costs, such as commissions, when it buys and sells securities. A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in Annual Fund operating expenses or in the Example, affect the Fund’s performance. Because the Fund commenced operations on or following the date of this Prospectus, the Fund’s portfolio turnover rate is not available.

Principal investment strategies

The Manager seeks to achieve the Fund’s investment objective by investing in equities or groups of equities that the Manager believes will provide higher returns than the MSCI ACWI ex-U.S. Index.

The Manager uses active investment management methods, which means that equities are bought and sold according to the Manager’s evaluation of companies’ published financial information, securities’ prices, equity and bond markets, and the overall economy.

In selecting equities for the Fund, the Manager may use a combination of quantitative and qualitative investment methods to identify equities that the Manager believes present positive return potential relative to other equities. Some of these methods evaluate individual equities or a group of equities (e.g., equities of companies in a particular industry) based on the ratio of their price to historical financial information, including book value, cash flow and earnings, and forecasted financial information provided by industry analysts. The Manager may compare these ratios to industry or market averages in assessing the relative attractiveness of an equity or a group of equities. Other methods used by the Manager focus on evaluating patterns of price movement or volatility of an equity or group of equities relative to the Fund’s investment universe. The Manager also may adjust the Fund’s portfolio for factors such as position size, market capitalization, and exposure to groups such as industry, sector, country or currency. The Fund may invest in companies of any market capitalization.

As a substitute for direct investments in equities, the Manager may use exchange-traded and over-the-counter (“OTC”) derivatives. The Manager also may use derivatives: (i) in an attempt to reduce investment exposures (which may result in a reduction below zero); (ii) in an attempt to adjust elements of the Fund’s investment exposure; and (iii) to effect transactions intended as substitutes for securities lending. Derivatives used may include futures, options, forward currency contracts and swap contracts. In addition, the Fund may lend its portfolio securities.

The Fund typically invests directly and indirectly (e.g., through underlying funds or derivatives) in equities of companies tied economically to countries other than the U.S., including both developed and emerging countries. The term “equities” refers to direct and indirect investments in common stocks and other stock-related securities, such as preferred stocks, convertible securities, depositary receipts, and exchange-traded equity REITs and equity income trusts. For purposes of this Prospectus, an investment is “tied economically” to a particular country or region if: (i) it is an investment in an issuer that is organized under the laws of that country or of a country within that region or in an issuer that maintains its principal place of business in that country or region; (ii) it is traded principally in that country or region; or (iii) it is an investment in an issuer that derived at least 50% of its revenues or profits from goods produced or sold, investments made, or services performed in that country or region, or has at least 50% of its assets in that country or region.

For cash management purposes, the Fund may invest in U.S. Treasury Fund and unaffiliated money market funds.

Principal risks of investing in the Fund

The value of the Fund’s shares changes with the value of the Fund’s investments. Many factors can affect this value, and you may lose money by investing in the Fund. The Fund is a non-diversified investment company under the Investment Company Act of 1940, as amended (the “1940 Act”), and therefore a decline in the market value of a particular security held by the Fund may affect the Fund’s performance more than if the Fund were diversified. The principal risks of investing in the Fund are summarized below. For a more complete discussion of these risks, see “Description of Principal Risks.”

• Market Risk — Equity Securities — The market value of equity investments may decline due to factors affecting the issuing companies, their industries, or the economy and equity markets generally. If the Fund purchases equity investments at a discount from their value as determined by the Manager, the Fund runs the risk that the market prices of these investments will not increase to that value for a variety of reasons, one of which may be the Manager’s overestimation of the value of those investments. The Fund also may purchase equity investments that typically trade at higher multiples of current earnings than other securities, and the market values of these investments often are more sensitive to changes in future earnings expectations than those other securities. Because the Fund normally does not take temporary defensive positions, declines in stock market prices generally are likely to reduce the net asset value of the Fund’s shares.

• Management and Operational Risk — The Fund relies on GMO’s ability to achieve its investment objective by effectively implementing its investment approach. The Fund runs the risk that GMO’s proprietary investment techniques will fail to produce the desired results. The Fund’s portfolio managers may use quantitative analyses and/or models and any imperfections or limitations in such analyses and/or models could affect the ability of the portfolio managers to implement strategies. By necessity, these analyses and models make simplifying assumptions that limit their efficacy. Models that appear to explain prior market data can fail to predict future market events. Further, the data used in models may be inaccurate and/or it may not include the most recent information about a company or a security. The Fund is also subject to the risk that deficiencies in the Manager’s or another service provider’s internal systems or controls will cause losses for the Fund or impair Fund operations.

• Foreign Investment Risk — The market prices of many foreign securities fluctuate more than those of U.S. securities. Many foreign markets are less stable, smaller, less liquid and less regulated than U.S. markets, and the cost of trading in those markets often is higher than in U.S. markets. Foreign portfolio transactions generally involve higher commission rates, transfer taxes and custodial costs than similar transactions in the U.S. In addition, the Fund may be subject to foreign taxes on capital gains or other income payable on foreign securities, on transactions in those securities and on the repatriation of proceeds generated from those securities. Also, many foreign markets require a license for the Fund to invest directly in those markets, and the Fund is subject to the risk that it could not invest if its license were terminated or suspended. In some foreign markets, prevailing custody and trade settlement practices (e.g., the requirement to pay for securities prior to receipt) expose the Fund to credit and other risks with respect to participating brokers, custodians, clearing banks or other clearing agents, escrow agents and issuers. Further, adverse changes in investment regulations, capital requirements or exchange controls could adversely affect the value of the Fund’s investments. These and other risks (e.g., nationalization, expropriation or other confiscation of assets of foreign issuers) tend to be greater for investments in companies tied economically to emerging countries, the economies of which tend to be more volatile than the economies of developed countries.

• Currency Risk — Fluctuations in exchange rates can adversely affect the market value of the Fund’s foreign currency holdings and investments denominated in foreign currencies.

• Derivatives Risk — The use of derivatives involves the risk that their value may not move as expected relative to the value of the relevant underlying assets, rates or indices. Derivatives also present other Fund risks, including market risk, liquidity risk, currency risk and counterparty risk.

• Counterparty Risk — The Fund runs the risk that the counterparty to an OTC derivatives contract or a borrower of the Fund’s securities will be unable or unwilling to make timely settlement payments or otherwise honor its obligations.

• Leveraging Risk — The Fund’s use of derivatives and securities lending may cause its portfolio to be leveraged. Leverage increases the Fund’s portfolio losses when the value of its investments decline.

• Liquidity Risk — Low trading volume, lack of a market maker, large size of position or legal restrictions may limit or prevent the Fund from selling particular securities or unwinding derivative positions at desirable prices. The more less-liquid securities the Fund holds, the more likely it is to honor a redemption request in-kind.

• Smaller Company Risk — Smaller companies may have limited product lines, markets or financial resources, may lack the competitive strength of larger companies, or may lack managers with experience or depend on a few key employees. The securities of small- and mid-cap companies often are less widely held and trade less frequently and in lesser quantities, and their market prices often fluctuate more, than the securities of companies with larger market capitalizations.

• Focused Investment Risk — Focusing investments in countries, regions, sectors or companies or in industries with high positive correlations to one another creates additional risk.

• Market Disruption and Geopolitical Risk — Geopolitical and other events may disrupt securities markets and adversely affect global economies and markets. Those events as well as other changes in foreign and domestic economic and political conditions could adversely affect the value of the Fund’s investments.

• Large Shareholder Risk — To the extent that shares of the Fund are held by large shareholders (e.g., institutional investors, asset allocation funds or other GMO Funds), the Fund is subject to the risk that these shareholders will disrupt the Fund’s operations by purchasing or redeeming Fund shares in large amounts and/or on a frequent basis.

Performance

Because the Fund had not yet completed a full calendar year of operations as of the date of this Prospectus, performance information for the Fund is not included.

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Label Element Value

Risk/Return: rr_RiskReturnAbstract

Document Type dei_DocumentType Other

Document Period End Date dei_DocumentPeriodEndDate Sep. 15, 2011

Registrant Name dei_EntityRegistrantName GMO TRUST

Central Index Key dei_EntityCentralIndexKey 0000772129

Amendment Flag dei_AmendmentFlag false

Document Creation Date dei_DocumentCreationDate Sep. 15, 2011

Document Effective Date dei_DocumentEffectiveDate Sep. 15, 2011

Prospectus Date rr_ProspectusDate Sep. 13, 2011

GMO International Intrinsic Value Extended Markets Fund | Summary - GMO International Intrinsic Value Extended Markets Fund

Risk/Return: rr_RiskReturnAbstract

Risk/Return [Heading] rr_RiskReturnHeading GMO International Intrinsic Value Extended Markets Fund

Objective [Heading] rr_ObjectiveHeading Investment objective

Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock High total return.

Fees and expenses gmot772129_FundFeesAndExpensesAbstract

Expense [Heading] rr_ExpenseHeading Fees and expenses

Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock The tables below describe the fees and expenses that you may pay for each class of shares if you buy and hold shares of the Fund.

Annual Fund operating expenses rr_OperatingExpensesAbstract

Operating Expenses Caption [Text] rr_OperatingExpensesCaption Annual Fund operating expenses (expenses that you pay each year as a percentage of the value of your investment)

Other Expenses, New Fund, Based on Estimates [Text] rr_OtherExpensesNewFundBasedOnEstimates The amounts represent an annualized estimate of the Fund’s operating expenses for its initial fiscal year.

Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination September 13, 2012

Example rr_ExpenseExampleAbstract

Expense Example [Heading] rr_ExpenseExampleHeading Example

Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated, regardless of whether or not you redeem your shares at the end of such periods. The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same as those shown in the table. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Portfolio turnover gmot772129_PortfolioTurnoverAltAbstract

Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio turnover

Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock The Fund pays transaction costs, such as commissions, when it buys and sells securities. A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in Annual Fund operating expenses or in the Example, affect the Fund’s performance. Because the Fund commenced operations on or following the date of this Prospectus, the Fund’s portfolio turnover rate is not available.

Strategy [Heading] rr_StrategyHeading Principal investment strategies

Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock
The Manager seeks to achieve the Fund’s investment objective by investing in equities or groups of equities that the Manager believes will provide higher returns than the MSCI ACWI ex-U.S. Index.

The Manager uses active investment management methods, which means that equities are bought and sold according to the Manager’s evaluation of companies’ published financial information, securities’ prices, equity and bond markets, and the overall economy.

In selecting equities for the Fund, the Manager may use a combination of quantitative and qualitative investment methods to identify equities that the Manager believes present positive return potential relative to other equities. Some of these methods evaluate individual equities or a group of equities (e.g., equities of companies in a particular industry) based on the ratio of their price to historical financial information, including book value, cash flow and earnings, and forecasted financial information provided by industry analysts. The Manager may compare these ratios to industry or market averages in assessing the relative attractiveness of an equity or a group of equities. Other methods used by the Manager focus on evaluating patterns of price movement or volatility of an equity or group of equities relative to the Fund’s investment universe. The Manager also may adjust the Fund’s portfolio for factors such as position size, market capitalization, and exposure to groups such as industry, sector, country or currency. The Fund may invest in companies of any market capitalization.

As a substitute for direct investments in equities, the Manager may use exchange-traded and over-the-counter (“OTC”) derivatives. The Manager also may use derivatives: (i) in an attempt to reduce investment exposures (which may result in a reduction below zero); (ii) in an attempt to adjust elements of the Fund’s investment exposure; and (iii) to effect transactions intended as substitutes for securities lending. Derivatives used may include futures, options, forward currency contracts and swap contracts. In addition, the Fund may lend its portfolio securities.

The Fund typically invests directly and indirectly (e.g., through underlying funds or derivatives) in equities of companies tied economically to countries other than the U.S., including both developed and emerging countries. The term “equities” refers to direct and indirect investments in common stocks and other stock-related securities, such as preferred stocks, convertible securities, depositary receipts, and exchange-traded equity REITs and equity income trusts. For purposes of this Prospectus, an investment is “tied economically” to a particular country or region if: (i) it is an investment in an issuer that is organized under the laws of that country or of a country within that region or in an issuer that maintains its principal place of business in that country or region; (ii) it is traded principally in that country or region; or (iii) it is an investment in an issuer that derived at least 50% of its revenues or profits from goods produced or sold, investments made, or services performed in that country or region, or has at least 50% of its assets in that country or region.

For cash management purposes, the Fund may invest in U.S. Treasury Fund and unaffiliated money market funds.

Risk [Heading] rr_RiskHeading Principal risks of investing in the Fund

Risk Narrative [Text Block] rr_RiskNarrativeTextBlock
The value of the Fund’s shares changes with the value of the Fund’s investments. Many factors can affect this value, and you may lose money by investing in the Fund. The Fund is a non-diversified investment company under the Investment Company Act of 1940, as amended (the “1940 Act”), and therefore a decline in the market value of a particular security held by the Fund may affect the Fund’s performance more than if the Fund were diversified. The principal risks of investing in the Fund are summarized below. For a more complete discussion of these risks, see “Description of Principal Risks.”

• Market Risk — Equity Securities — The market value of equity investments may decline due to factors affecting the issuing companies, their industries, or the economy and equity markets generally. If the Fund purchases equity investments at a discount from their value as determined by the Manager, the Fund runs the risk that the market prices of these investments will not increase to that value for a variety of reasons, one of which may be the Manager’s overestimation of the value of those investments. The Fund also may purchase equity investments that typically trade at higher multiples of current earnings than other securities, and the market values of these investments often are more sensitive to changes in future earnings expectations than those other securities. Because the Fund normally does not take temporary defensive positions, declines in stock market prices generally are likely to reduce the net asset value of the Fund’s shares.

• Management and Operational Risk — The Fund relies on GMO’s ability to achieve its investment objective by effectively implementing its investment approach. The Fund runs the risk that GMO’s proprietary investment techniques will fail to produce the desired results. The Fund’s portfolio managers may use quantitative analyses and/or models and any imperfections or limitations in such analyses and/or models could affect the ability of the portfolio managers to implement strategies. By necessity, these analyses and models make simplifying assumptions that limit their efficacy. Models that appear to explain prior market data can fail to predict future market events. Further, the data used in models may be inaccurate and/or it may not include the most recent information about a company or a security. The Fund is also subject to the risk that deficiencies in the Manager’s or another service provider’s internal systems or controls will cause losses for the Fund or impair Fund operations.

• Foreign Investment Risk — The market prices of many foreign securities fluctuate more than those of U.S. securities. Many foreign markets are less stable, smaller, less liquid and less regulated than U.S. markets, and the cost of trading in those markets often is higher than in U.S. markets. Foreign portfolio transactions generally involve higher commission rates, transfer taxes and custodial costs than similar transactions in the U.S. In addition, the Fund may be subject to foreign taxes on capital gains or other income payable on foreign securities, on transactions in those securities and on the repatriation of proceeds generated from those securities. Also, many foreign markets require a license for the Fund to invest directly in those markets, and the Fund is subject to the risk that it could not invest if its license were terminated or suspended. In some foreign markets, prevailing custody and trade settlement practices (e.g., the requirement to pay for securities prior to receipt) expose the Fund to credit and other risks with respect to participating brokers, custodians, clearing banks or other clearing agents, escrow agents and issuers. Further, adverse changes in investment regulations, capital requirements or exchange controls could adversely affect the value of the Fund’s investments. These and other risks (e.g., nationalization, expropriation or other confiscation of assets of foreign issuers) tend to be greater for investments in companies tied economically to emerging countries, the economies of which tend to be more volatile than the economies of developed countries.

• Currency Risk — Fluctuations in exchange rates can adversely affect the market value of the Fund’s foreign currency holdings and investments denominated in foreign currencies.

• Derivatives Risk — The use of derivatives involves the risk that their value may not move as expected relative to the value of the relevant underlying assets, rates or indices. Derivatives also present other Fund risks, including market risk, liquidity risk, currency risk and counterparty risk.

• Counterparty Risk — The Fund runs the risk that the counterparty to an OTC derivatives contract or a borrower of the Fund’s securities will be unable or unwilling to make timely settlement payments or otherwise honor its obligations.

• Leveraging Risk — The Fund’s use of derivatives and securities lending may cause its portfolio to be leveraged. Leverage increases the Fund’s portfolio losses when the value of its investments decline.

• Liquidity Risk — Low trading volume, lack of a market maker, large size of position or legal restrictions may limit or prevent the Fund from selling particular securities or unwinding derivative positions at desirable prices. The more less-liquid securities the Fund holds, the more likely it is to honor a redemption request in-kind.

• Smaller Company Risk — Smaller companies may have limited product lines, markets or financial resources, may lack the competitive strength of larger companies, or may lack managers with experience or depend on a few key employees. The securities of small- and mid-cap companies often are less widely held and trade less frequently and in lesser quantities, and their market prices often fluctuate more, than the securities of companies with larger market capitalizations.

• Focused Investment Risk — Focusing investments in countries, regions, sectors or companies or in industries with high positive correlations to one another creates additional risk.

• Market Disruption and Geopolitical Risk — Geopolitical and other events may disrupt securities markets and adversely affect global economies and markets. Those events as well as other changes in foreign and domestic economic and political conditions could adversely affect the value of the Fund’s investments.

• Large Shareholder Risk — To the extent that shares of the Fund are held by large shareholders (e.g., institutional investors, asset allocation funds or other GMO Funds), the Fund is subject to the risk that these shareholders will disrupt the Fund’s operations by purchasing or redeeming Fund shares in large amounts and/or on a frequent basis.

Risk Lose Money [Text] rr_RiskLoseMoney Many factors can affect this value, and you may lose money by investing in the Fund.

Risk Nondiversified Status [Text] rr_RiskNondiversifiedStatus The Fund is a non-diversified investment company under the Investment Company Act of 1940, as amended (the “1940 Act”), and therefore a decline in the market value of a particular security held by the Fund may affect the Fund’s performance more than if the Fund were diversified.

Performance gmot772129_FundPastPerformanceAbstract

Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading Performance

Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock Because the Fund had not yet completed a full calendar year of operations as of the date of this Prospectus, performance information for the Fund is not included.

Performance One Year or Less [Text] rr_PerformanceOneYearOrLess Because the Fund had not yet completed a full calendar year of operations as of the date of this Prospectus, performance information for the Fund is not included.

GMO International Intrinsic Value Extended Markets Fund | Class II, GMO International Intrinsic Value Extended Markets Fund

Annual Fund operating expenses rr_OperatingExpensesAbstract

Operating Expenses Column [Text] rr_OperatingExpensesColumnName Class II

Management fee rr_ManagementFeesOverAssets 0.50%

Shareholder service fee rr_DistributionOrSimilarNon12b1FeesOverAssets 0.22%

Other expenses rr_OtherExpensesOverAssets 0.27% ^[1]

Total annual operating expenses rr_ExpensesOverAssets 0.99% ^[1]

Expense reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.27%) ^[1],[2]

Total annual operating expenses after expense reimbursement rr_NetExpensesOverAssets 0.72% ^[1]

Example rr_ExpenseExampleAbstract

Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName Class II

1 Year rr_ExpenseExampleYear01 74

3 Years rr_ExpenseExampleYear03 288

GMO International Intrinsic Value Extended Markets Fund | Class III, GMO International Intrinsic Value Extended Markets Fund

Annual Fund operating expenses rr_OperatingExpensesAbstract

Operating Expenses Column [Text] rr_OperatingExpensesColumnName Class III

Management fee rr_ManagementFeesOverAssets 0.50%

Shareholder service fee rr_DistributionOrSimilarNon12b1FeesOverAssets 0.15%

Other expenses rr_OtherExpensesOverAssets 0.27% ^[1]

Total annual operating expenses rr_ExpensesOverAssets 0.92% ^[1]

Expense reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.27%) ^[1],[2]

Total annual operating expenses after expense reimbursement rr_NetExpensesOverAssets 0.65% ^[1]

Example rr_ExpenseExampleAbstract

Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName Class III

1 Year rr_ExpenseExampleYear01 66

3 Years rr_ExpenseExampleYear03 266

GMO International Intrinsic Value Extended Markets Fund | Class IV, GMO International Intrinsic Value Extended Markets Fund

Annual Fund operating expenses rr_OperatingExpensesAbstract

Operating Expenses Column [Text] rr_OperatingExpensesColumnName Class IV

Management fee rr_ManagementFeesOverAssets 0.50%

Shareholder service fee rr_DistributionOrSimilarNon12b1FeesOverAssets 0.09%

Other expenses rr_OtherExpensesOverAssets 0.27% ^[1]

Total annual operating expenses rr_ExpensesOverAssets 0.86% ^[1]

Expense reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.27%) ^[1],[2]

Total annual operating expenses after expense reimbursement rr_NetExpensesOverAssets 0.59% ^[1]

Example rr_ExpenseExampleAbstract

Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName Class IV

1 Year rr_ExpenseExampleYear01 60

3 Years rr_ExpenseExampleYear03 247

GMO Global Focused Equity Fund | Summary - GMO Global Focused Equity Fund

Risk/Return: rr_RiskReturnAbstract

Risk/Return [Heading] rr_RiskReturnHeading GMO Global Focused Equity Fund

Objective [Heading] rr_ObjectiveHeading Investment objective

Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock Total return.

Fees and expenses gmot772129_FundFeesAndExpensesAbstract

Expense [Heading] rr_ExpenseHeading Fees and expenses

Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock The tables below describe the fees and expenses that you may pay for each class of shares if you buy and hold shares of the Fund.

Annual Fund operating expenses rr_OperatingExpensesAbstract

Operating Expenses Caption [Text] rr_OperatingExpensesCaption Annual Fund operating expenses (expenses that you pay each year as a percentage of the value of your investment)

Other Expenses, New Fund, Based on Estimates [Text] rr_OtherExpensesNewFundBasedOnEstimates The amounts represent an annualized estimate of the Fund’s operating expenses for its initial fiscal year.

Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination September 13, 2012

Example rr_ExpenseExampleAbstract

Expense Example [Heading] rr_ExpenseExampleHeading Example

Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated, regardless of whether or not you redeem your shares at the end of such periods. The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same as those shown in the table. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Portfolio turnover gmot772129_PortfolioTurnoverAltAbstract

Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio turnover

Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock The Fund pays transaction costs, such as commissions, when it buys and sells securities. A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in Annual Fund operating expenses or in the Example, affect the Fund’s performance. Because the Fund commenced operations on or following the date of this Prospectus, the Fund’s portfolio turnover rate is not available.

Strategy [Heading] rr_StrategyHeading Principal investment strategies

Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock
The Fund may invest directly and indirectly (e.g., through underlying funds or derivatives) in equity investments traded in any of the world’s securities markets, including emerging markets. Under normal circumstances, the Fund invests directly and indirectly at least 80% of its assets in equity investments (see “Name Policy”). The term “equity investments” refers to direct and indirect investments in common stocks and other stock-related securities, such as preferred stocks, convertible securities, depositary receipts, and exchange-traded equity REITs and equity income trusts. The Fund is permitted to make equity investments of all types, including equity investments issued by foreign and/or U.S. companies, growth and/or value style equities, and equity investments of companies of any market capitalization. In addition, the Fund is not limited in how much it may invest in any market or in the types of equity investments it may pursue, and it may often invest all its assets in a limited number of equity investments of companies in a single country and/or capitalization range. The Fund could experience material losses from a single investment.

The Manager anticipates that the Fund will focus its investments in a limited number (30-50) of securities that the Manager believes offer the most attractive investment opportunities across U.S. and foreign equity markets. The Manager does not seek to manage the Fund to, or control the Fund’s risk relative to, any index or benchmark.

The Manager selects investments using fundamental analysis that is informed by a disciplined quantitative screening process. The Manager analyzes companies for financial, operational and managerial strength and compares them to their global, regional and local industry peers. As part of the investment process, the Manager frequently meets with management and/or visits companies.

The Fund may hold up to 20% of its assets in cash or cash equivalents. To the extent the Fund holds cash or cash equivalents, it may not achieve its investment objective. In pursuing its investment objective, the Fund may (but is not obligated to) use a wide variety of exchange-traded and over-the-counter (“OTC”) derivatives, including, without limitation, futures and options. The Fund’s foreign currency exposure may differ from the currency exposure of its equity investments. In addition, the Fund may lend its portfolio securities.

For cash management purposes, the Fund may invest in U.S. Treasury Fund and unaffiliated money market funds.

Risk [Heading] rr_RiskHeading Principal risks of investing in the Fund

Risk Narrative [Text Block] rr_RiskNarrativeTextBlock
The value of the Fund’s shares changes with the value of the Fund’s investments. Many factors can affect this value, and you may lose money by investing in the Fund. The Fund is a non-diversified investment company under the Investment Company Act of 1940, as amended (the “1940 Act”), and therefore a decline in the market value of a particular security held by the Fund may affect the Fund’s performance more than if the Fund were diversified. The principal risks of investing in the Fund are summarized below. For a more complete discussion of these risks, see “Description of Principal Risks.”

• Management and Operational Risk — The Fund relies on GMO’s ability to achieve its investment objective by effectively implementing its investment approach. The Fund runs the risk that GMO’s proprietary investment techniques will fail to produce the desired results. The Fund’s portfolio managers may use quantitative analyses and/or models and any imperfections or limitations in such analyses and/or models could affect the ability of the portfolio managers to implement strategies. By necessity, these analyses and models make simplifying assumptions that limit their efficacy. Models that appear to explain prior market data can fail to predict future market events. Further, the data used in models may be inaccurate and/or it may not include the most recent information about a company or a security. The Fund is also subject to the risk that deficiencies in the Manager’s or another service provider’s internal systems or controls will cause losses for the Fund or impair Fund operations.

• Market Risk — Equity Securities — The market value of equity investments may decline due to factors affecting the issuing companies, their industries, or the economy and equity markets generally. If the Fund purchases equity investments at a discount from their value as determined by the Manager, the Fund runs the risk that the market prices of these investments will not increase to that value for a variety of reasons, one of which may be the Manager’s overestimation of the value of those investments. The Fund also may purchase equity investments that typically trade at higher multiples of current earnings than other securities, and the market values of these investments often are more sensitive to changes in future earnings expectations than those other securities. Because the Fund normally does not take temporary defensive positions, declines in stock market prices generally are likely to reduce the net asset value of the Fund’s shares.

• Focused Investment Risk — Focusing investments in countries, regions, sectors or companies or in industries with high positive correlations to one another creates additional risk.

• Foreign Investment Risk — The market prices of many foreign securities fluctuate more than those of U.S. securities. Many foreign markets are less stable, smaller, less liquid and less regulated than U.S. markets, and the cost of trading in those markets often is higher than in U.S. markets. Foreign portfolio transactions generally involve higher commission rates, transfer taxes and custodial costs than similar transactions in the U.S. In addition, the Fund may be subject to foreign taxes on capital gains or other income payable on foreign securities, on transactions in those securities and on the repatriation of proceeds generated from those securities. Also, many foreign markets require a license for the Fund to invest directly in those markets, and the Fund is subject to the risk that it could not invest if its license were terminated or suspended. In some foreign markets, prevailing custody and trade settlement practices (e.g., the requirement to pay for securities prior to receipt) expose the Fund to credit and other risks with respect to participating brokers, custodians, clearing banks or other clearing agents, escrow agents and issuers. Further, adverse changes in investment regulations, capital requirements or exchange controls could adversely affect the value of the Fund’s investments. These and other risks (e.g., nationalization, expropriation or other confiscation of assets of foreign issuers) tend to be greater for investments in companies tied economically to emerging countries, the economies of which tend to be more volatile than the economies of developed countries.

• Currency Risk — Fluctuations in exchange rates can adversely affect the market value of the Fund’s foreign currency holdings and investments denominated in foreign currencies.

• Liquidity Risk — Low trading volume, lack of a market maker, large size of position or legal restrictions may limit or prevent the Fund from selling particular securities or unwinding derivative positions at desirable prices. The more less-liquid securities the Fund holds, the more likely it is to honor a redemption request in-kind.

• Large Shareholder Risk — To the extent that shares of the Fund are held by large shareholders (e.g., institutional investors, asset allocation funds or other GMO Funds), the Fund is subject to the risk that these shareholders will disrupt the Fund’s operations by purchasing or redeeming Fund shares in large amounts and/or on a frequent basis.

• Smaller Company Risk — Smaller companies may have limited product lines, markets or financial resources, may lack the competitive strength of larger companies, or may lack managers with experience or depend on a few key employees. The securities of small- and mid-cap companies often are less widely held and trade less frequently and in lesser quantities, and their market prices often fluctuate more, than the securities of companies with larger market capitalizations.

• Market Disruption and Geopolitical Risk — Geopolitical and other events may disrupt securities markets and adversely affect global economies and markets. Those events as well as other changes in foreign and domestic economic and political conditions could adversely affect the value of the Fund’s investments.

• Derivatives Risk — The use of derivatives involves the risk that their value may not move as expected relative to the value of the relevant underlying assets, rates or indices. Derivatives also present other Fund risks, including market risk, liquidity risk, currency risk and counterparty risk.

• Leveraging Risk — The Fund’s use of derivatives and securities lending may cause its portfolio to be leveraged. Leverage increases the Fund’s portfolio losses when the value of its investments decline.

• Counterparty Risk — The Fund runs the risk that the counterparty to an OTC derivatives contract or a borrower of the Fund’s securities will be unable or unwilling to make timely settlement payments or otherwise honor its obligations.

Risk Lose Money [Text] rr_RiskLoseMoney Many factors can affect this value, and you may lose money by investing in the Fund.

Risk Nondiversified Status [Text] rr_RiskNondiversifiedStatus The Fund is a non-diversified investment company under the Investment Company Act of 1940, as amended (the “1940 Act”), and therefore a decline in the market value of a particular security held by the Fund may affect the Fund’s performance more than if the Fund were diversified.

Performance gmot772129_FundPastPerformanceAbstract

Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading Performance

Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock Because the Fund had not yet completed a full calendar year of operations as of the date of this Prospectus, performance information for the Fund is not included.

Performance One Year or Less [Text] rr_PerformanceOneYearOrLess Because the Fund had not yet completed a full calendar year of operations as of the date of this Prospectus, performance information for the Fund is not included.

GMO Global Focused Equity Fund | Class III, GMO Global Focused Equity Fund

Annual Fund operating expenses rr_OperatingExpensesAbstract

Operating Expenses Column [Text] rr_OperatingExpensesColumnName Class III

Management fee rr_ManagementFeesOverAssets 0.60%

Shareholder service fee rr_DistributionOrSimilarNon12b1FeesOverAssets 0.15%

Other expenses rr_OtherExpensesOverAssets 0.28% ^[1]

Total annual operating expenses rr_ExpensesOverAssets 1.03% ^[1]

Expense reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.28%) ^[1],[3]

Total annual operating expenses after expense reimbursement rr_NetExpensesOverAssets 0.75% ^[1]

Example rr_ExpenseExampleAbstract

Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName Class III

1 Year rr_ExpenseExampleYear01 77

3 Years rr_ExpenseExampleYear03 300

GMO Global Focused Equity Fund | Class IV, GMO Global Focused Equity Fund

Annual Fund operating expenses rr_OperatingExpensesAbstract

Operating Expenses Column [Text] rr_OperatingExpensesColumnName Class IV

Management fee rr_ManagementFeesOverAssets 0.60%

Shareholder service fee rr_DistributionOrSimilarNon12b1FeesOverAssets 0.10%

Other expenses rr_OtherExpensesOverAssets 0.28% ^[1]

Total annual operating expenses rr_ExpensesOverAssets 0.98% ^[1]

Expense reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.28%) ^[1],[3]

Total annual operating expenses after expense reimbursement rr_NetExpensesOverAssets 0.70% ^[1]

Example rr_ExpenseExampleAbstract

Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName Class IV

1 Year rr_ExpenseExampleYear01 72

3 Years rr_ExpenseExampleYear03 284

[1] The amounts represent an annualized estimate of the Fund's operating expenses for its initial fiscal year.

[2] Subject to certain exclusions ("Excluded Fund Fees and Expenses"), Grantham, Mayo, Van Otterloo & Co. LLC (the "Manager" or "GMO") has contractually agreed to reimburse the Fund to the extent the Fund's total annual operating expenses exceed 0.50% of the Fund's average daily net assets. Excluded Fund Fees and Expenses include shareholder service fees, underlying fund expenses, independent Trustee expenses, certain legal costs, investment-related costs (e.g., brokerage commissions and securities lending fees), extraordinary expenses, and other expenses described under "Expense Reimbursement" in this Prospectus. This expense limitation will continue through at least September 13, 2012, and may not be terminated prior to this date without the consent of the Fund's Board of Trustees.

[3] Subject to certain exclusions ("Excluded Fund Fees and Expenses"), Grantham, Mayo, Van Otterloo & Co. LLC (the "Manager" or "GMO") has contractually agreed to reimburse the Fund to the extent the Fund's total annual operating expenses exceed 0.60% of the Fund's average daily net assets. Excluded Fund Fees and Expenses include shareholder service fees, underlying fund expenses, independent Trustee expenses, certain legal costs, investment-related costs (e.g., brokerage commissions and securities lending fees), extraordinary expenses, and other expenses described under "Expense Reimbursement" in this Prospectus. This expense limitation will continue through at least September 13, 2012, and may not be terminated prior to this date without the consent of the Fund's Board of Trustees.

XML 13 R2.htm IDEA: XBRL DOCUMENT

GMO Global Focused Equity Fund | Summary - GMO Global Focused Equity Fund

GMO Global Focused Equity Fund

Investment objective

Total return.

Fees and expenses

The tables below describe the fees and expenses that you may pay for each class of shares if you buy and hold shares of the Fund.

Annual Fund operating expenses (expenses that you pay each year as a percentage of the value of your investment)

Annual Fund Operating Expenses GMO Global Focused Equity Fund		Class III, GMO Global Focused Equity Fund	Class IV, GMO Global Focused Equity Fund
Operating Expenses Column [Text]		Class III	Class IV
Management fee		0.60%	0.60%
Shareholder service fee		0.15%	0.10%
Other expenses	^[1]	0.28%	0.28%
Total annual operating expenses	^[1]	1.03%	0.98%
Expense reimbursement	^[1][2]	(0.28%)	(0.28%)
Total annual operating expenses after expense reimbursement	^[1]	0.75%	0.70%

[1]

The amounts represent an annualized estimate of the Fund's operating expenses for its initial fiscal year.

[2]

Subject to certain exclusions ("Excluded Fund Fees and Expenses"), Grantham, Mayo, Van Otterloo & Co. LLC (the "Manager" or "GMO") has contractually agreed to reimburse the Fund to the extent the Fund's total annual operating expenses exceed 0.60% of the Fund's average daily net assets. Excluded Fund Fees and Expenses include shareholder service fees, underlying fund expenses, independent Trustee expenses, certain legal costs, investment-related costs (e.g., brokerage commissions and securities lending fees), extraordinary expenses, and other expenses described under "Expense Reimbursement" in this Prospectus. This expense limitation will continue through at least September 13, 2012, and may not be terminated prior to this date without the consent of the Fund's Board of Trustees.

Example

Expense Example GMO Global Focused Equity Fund (USD $)	Expense Example, By Year, Column [Text]	1 Year	3 Years
Class III, GMO Global Focused Equity Fund	Class III	77	300
Class IV, GMO Global Focused Equity Fund	Class IV	72	284

Portfolio turnover

Principal investment strategies

The Fund may invest directly and indirectly (e.g., through underlying funds or derivatives) in equity investments traded in any of the world’s securities markets, including emerging markets. Under normal circumstances, the Fund invests directly and indirectly at least 80% of its assets in equity investments (see “Name Policy”). The term “equity investments” refers to direct and indirect investments in common stocks and other stock-related securities, such as preferred stocks, convertible securities, depositary receipts, and exchange-traded equity REITs and equity income trusts. The Fund is permitted to make equity investments of all types, including equity investments issued by foreign and/or U.S. companies, growth and/or value style equities, and equity investments of companies of any market capitalization. In addition, the Fund is not limited in how much it may invest in any market or in the types of equity investments it may pursue, and it may often invest all its assets in a limited number of equity investments of companies in a single country and/or capitalization range. The Fund could experience material losses from a single investment.

The Manager anticipates that the Fund will focus its investments in a limited number (30-50) of securities that the Manager believes offer the most attractive investment opportunities across U.S. and foreign equity markets. The Manager does not seek to manage the Fund to, or control the Fund’s risk relative to, any index or benchmark.

The Manager selects investments using fundamental analysis that is informed by a disciplined quantitative screening process. The Manager analyzes companies for financial, operational and managerial strength and compares them to their global, regional and local industry peers. As part of the investment process, the Manager frequently meets with management and/or visits companies.

The Fund may hold up to 20% of its assets in cash or cash equivalents. To the extent the Fund holds cash or cash equivalents, it may not achieve its investment objective. In pursuing its investment objective, the Fund may (but is not obligated to) use a wide variety of exchange-traded and over-the-counter (“OTC”) derivatives, including, without limitation, futures and options. The Fund’s foreign currency exposure may differ from the currency exposure of its equity investments. In addition, the Fund may lend its portfolio securities.

For cash management purposes, the Fund may invest in U.S. Treasury Fund and unaffiliated money market funds.

Principal risks of investing in the Fund

• Focused Investment Risk — Focusing investments in countries, regions, sectors or companies or in industries with high positive correlations to one another creates additional risk.

• Currency Risk — Fluctuations in exchange rates can adversely affect the market value of the Fund’s foreign currency holdings and investments denominated in foreign currencies.

Performance

Because the Fund had not yet completed a full calendar year of operations as of the date of this Prospectus, performance information for the Fund is not included.

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