-----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, DXwOvz5Xu+MqdwVNnD4/jVKlD0Zd8hY8F5B9s1sjeu2ketOeMWvVWUzdetqaLq1M cPO6AEnyX9AiyOYvxFQz2Q== 0000950135-03-001384.txt : 20030224 0000950135-03-001384.hdr.sgml : 20030224 20030224145520 ACCESSION NUMBER: 0000950135-03-001384 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20030224 EFFECTIVENESS DATE: 20030224 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GMO TRUST CENTRAL INDEX KEY: 0000772129 STATE OF INCORPORATION: MA FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-98772 FILM NUMBER: 03577449 BUSINESS ADDRESS: STREET 1: 40 ROWES WHARF CITY: BOSTON STATE: MA ZIP: 02110 BUSINESS PHONE: 6173307500 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 497 1 b45748gme497.txt GMO TRUST - SUPPLEMENTS DATED 2/24/03 GMO TRUST AMENDED AND RESTATED SUPPLEMENT DATED FEBRUARY 24, 2003 TO GMO TRUST PROSPECTUS DATED JUNE 30, 2002, AS AMENDED OCTOBER 1, 2002 Effective immediately, the table in the "Multiple Classes" section on page 82 of the GMO Trust Prospectus is replaced in its entirety by the following:
- ------------------------------------------------------------------------------------------------------------------------------------ MINIMUM TOTAL SHAREHOLDER SERVICE INVESTMENT*/TOTAL FUND FEE INVESTMENT (AS A % OF AVERAGE DAILY NET ASSETS) - ------------------------------------------------------------------------------------------------------------------------------------ U.S. Core Fund $1 million/NA 0.22% FUNDS OFFERING International Intrinsic Value Fund CLASS II SHARES ---------------------------------------------------------------------------------------------------- Foreign Fund NA/$1 million 0.22% - ------------------------------------------------------------------------------------------------------------------------------------ U.S. Core Fund $35 million/NA 0.15% International Intrinsic Value Fund ---------------------------------------------------------------------------------------------------- FUNDS OFFERING Foreign Fund NA/$35 million 0.15% CLASS III SHARES ---------------------------------------------------------------------------------------------------- Asset Allocation Funds (except U.S. Sector Fund) $1 million/NA 0.00%** Emerging Country Debt Share Fund ---------------------------------------------------------------------------------------------------- U.S. Sector Fund $1 million/NA 0.15%*** Global Hedged Equity Fund Currency Hedged International Equity Fund ---------------------------------------------------------------------------------------------------- Foreign Small Companies Fund NA/$1 million 0.15% ---------------------------------------------------------------------------------------------------- All Other Funds $1 million/NA 0.15% - ------------------------------------------------------------------------------------------------------------------------------------ U.S. Core Fund $250 million/$125 million 0.105% Tobacco-Free Core Fund Emerging Markets Fund FUNDS OFFERING ---------------------------------------------------------------------------------------------------- CLASS IV SHARES International Intrinsic Value Fund $250 million/$125 million 0.09% ---------------------------------------------------------------------------------------------------- Foreign Fund NA/$250 million 0.09% ---------------------------------------------------------------------------------------------------- Foreign Small Companies Fund NA/$125 million 0.10% ---------------------------------------------------------------------------------------------------- Emerging Country Debt Fund $250 million/$125 million 0.10% - ------------------------------------------------------------------------------------------------------------------------------------ FUND OFFERING U.S. Core Fund NA/$350 million 0.085% CLASS V SHARES - ------------------------------------------------------------------------------------------------------------------------------------
- --------------- * The eligibility requirements in the table above are subject to certain exceptions and special rules for certain plan investors and for certain clients with continuous client relationships with GMO since May 31, 1996. ** These Funds will indirectly bear an additional Shareholder Service Fee by virtue of their investments in other GMO Funds. *** The Shareholder Service Fee charged to these Funds will be reduced by a corresponding amount for all Shareholder Service Fees indirectly borne by the relevant Fund by reason of its investments in shares of other GMO Funds. GMO TRUST FUNDS INVESTING IN GMO ALPHA LIBOR FUND GMO Short-Duration Collateral Fund (the "New Fund"), a new series of GMO Trust, commenced operations on or about November 27, 2002. New Fund will operate in substantially the same manner described in the GMO Trust Prospectus for GMO Alpha LIBOR Fund (see "Investment by Certain Funds in GMO Alpha LIBOR Fund" in the GMO Trust Prospectus). Each Fund permitted by the GMO Trust Prospectus to invest in GMO Alpha LIBOR Fund (which is temporarily closed to new purchases) may invest to the same extent in New Fund, and all references in the GMO Trust Prospectus to GMO Alpha LIBOR Fund's investments, strategies and risks shall also be deemed to refer to the New Fund. GMO TRUST SUPPLEMENT DATED FEBRUARY 24, 2003 TO GMO FOREIGN FUND PROSPECTUS DATED JUNE 30, 2002, AS AMENDED OCTOBER 1, 2002 Effective immediately, the "Multiple Classes" section on page 10 of the Prospectus is replaced in its entirety by the following: The Fund offers multiple classes of shares. The sole economic difference among the various classes of shares described in this Prospectus is the level of Shareholder Service Fee that the classes bear for client and shareholder service, reporting and other support, reflecting the fact that, as the size of a client relationship increases, the cost to service that client decreases as a percentage of the assets in that account. Thus, the Shareholder Service Fee is lower for classes where eligibility criteria require greater total assets under GMO's management.
MINIMUM TOTAL FUND SHAREHOLDER SERVICE FEE FOREIGN FUND INVESTMENT (AS A % OF AVERAGE DAILY NET ASSETS) - ------------ ------------------ ------------------------------------ Class II $1 million 0.22% Class III $35 million 0.15% Class IV $250 million 0.09%
A client's "Total Fund Investment" includes only a client's total investment in the Fund. The Manager will monitor the value of the MSCI World Index (computed in U.S. dollars with net dividends reinvested). On December 31 of any year, the Manager may increase the Minimum Total Fund Investment amount by the same percentage by which the value of the MSCI World Index increased from June 30, 2000 through December 31 of the year being evaluated. You should note: - There is no minimum additional investment required to purchase additional shares of the Fund for any class of shares. - Eligibility requirements for each class of shares are subject to change upon notice to shareholders. CONVERSION BETWEEN CLASSES Client's shares in the Fund will be converted to the class of shares of the Fund with the lowest Shareholder Service Fee for which the client is eligible, based on the amount of the client's Total Fund Investment, on the Determination Date. The conversion will occur within 15 business days following the Determination Date on a date selected by the Manager. The Trust has been advised by counsel that the conversion of a client's investment from one class of shares to another class of shares in the same Fund should not result in the recognition of gain or loss in the converted Fund's shares. The client's tax basis in the new class of shares immediately after the conversion should equal the client's basis in the converted shares immediately before conversion, and the holding period of the new class of shares should include the holding period of the converted shares. -----END PRIVACY-ENHANCED MESSAGE-----