-----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, PBlvCAqHHzck3V0Xvk6ESQergb79izztqZNYJ35f0ISCq1BO2h1HaGehRyU6mG08 g9/ZFdMKVpexOXrzNgDwhQ== 0000950135-05-005456.txt : 20050919 0000950135-05-005456.hdr.sgml : 20050919 20050919161630 ACCESSION NUMBER: 0000950135-05-005456 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20050919 DATE AS OF CHANGE: 20050919 EFFECTIVENESS DATE: 20050919 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: 051091555 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 b56922sue497.txt GMO TRUST GMO TRUST AMENDED AND RESTATED SUPPLEMENT DATED SEPTEMBER 19, 2005 TO GMO TRUST PROSPECTUS DATED JUNE 30, 2005 AND GMO TRUST STATEMENT OF ADDITIONAL INFORMATION DATED JUNE 30, 2005 GMO Alpha Only Fund, GMO Benchmark-Free Allocation Fund, GMO International Equity Allocation Fund, GMO Global Balanced Asset Allocation Fund, GMO Global (U.S.+) Equity Allocation Fund, GMO Strategic Balanced Allocation Fund, and GMO World Opportunities Equity Allocation Fund References to the U.S. Equity Funds and/or the International Equity Funds, which appear in the above-listed Funds' "Principal investment strategies" on pages 66, 72, 74, 76, 78, 80, and 82, respectively, of the Prospectus will be deemed to refer to the following Funds:
U.S. Equity Funds International Equity Funds - ----------------- -------------------------- GMO U.S. Core Equity Fund* GMO International Core Equity Fund* GMO Tobacco-Free Core Fund GMO International Intrinsic Value Fund GMO U.S. Quality Equity Fund GMO International Growth Equity Fund* GMO U.S. Value Fund* GMO Global Growth Fund GMO U.S. Intrinsic Value Fund* GMO Developed World Stock Fund GMO U.S. Growth Fund* GMO Currency Hedged International Equity Fund GMO U.S. Small/Mid Cap Value Fund* GMO Foreign Fund GMO U.S. Small/Mid Cap Growth Fund* GMO Foreign Small Companies Fund GMO Real Estate Fund GMO International Small Companies Fund GMO Tax-Managed U.S. Equities Fund GMO Emerging Markets Fund GMO Tax-Managed Small/Mid Cap Fund (formerly GMO Emerging Countries Fund GMO Tax-Managed Small Companies Fund) GMO Emerging Markets Quality Fund** GMO Tax-Managed International Equities Fund
*Offered through a separate prospectus. See "Information about underlying funds offered through a separate prospectus" below. **Offered through a separate prospectus. See "Investment in GMO Funds offered through separate prospectuses and private placement memoranda" on p. 130 of the Prospectus for information about GMO Emerging Markets Quality Fund. GMO Currency Hedged International Equity Fund The first sentence of Currency Hedged International Equity Fund's "Principal investment strategies" on page 34 of the Prospectus is hereby amended and restated as follows: "The Fund invests to varying extents in other GMO Funds ("underlying Funds"), including International Core Equity Fund, International Intrinsic Value Fund, and International Growth Equity Fund." International Core Equity Fund and International Growth Equity Fund are offered through a separate prospectus. See "Information about underlying funds offered through a separate prospectus" below. GMO U.S. Sector Fund The first sentence of U.S. Sector Fund's "Principal investment strategies" on page 84 of the Prospectus is hereby amended and restated as follows: "The Fund is a fund of funds and invests primarily in U.S. Core Equity Fund, U.S. Quality Equity Fund, U.S. Growth Fund, U.S. Value Fund, U.S. Small/Mid Cap Growth Fund, U.S. Small/Mid Cap Value Fund, U.S. Intrinsic Value Fund, and Real Estate Fund ("underlying Funds")." U.S. Core Equity Fund, U.S. Value Fund, U.S. Intrinsic Value Fund, U.S. Growth Fund, U.S. Small/Mid Cap Value Fund, and U.S. Small/Mid Cap Growth Fund are offered through a separate prospectus. See "Information about underlying funds offered through a separate prospectus" below. Information about underlying funds offered through a separate prospectus GMO U.S. Core Equity Fund, GMO U.S. Value Fund, GMO U.S. Intrinsic Value Fund, GMO U.S. Growth Fund, GMO U.S. Small/Mid Cap Value Fund, GMO U.S. Small/Mid Cap Growth Fund, GMO International Core Equity Fund, and GMO International Growth Equity Fund (each, an "underlying fund") are offered through a separate prospectus. For information about any of these underlying funds, see information set forth in the Prospectus about the GMO Fund listed opposite the underlying fund's name in the table below, which has substantially the same investment objective, principal investment strategies, benchmark, and principal risks as the corresponding underlying fund.
For information about the following Underlying See the following GMO Funds in the Prospectus on the Funds: page # listed below: - ---------------------------------------------- ----------------------------------------------------- GMO U.S. Core Equity Fund GMO U.S. Core Fund (p.2) GMO U.S. Value Fund GMO Value Fund (p. 8) GMO U.S. Intrinsic Value Fund GMO Intrinsic Value Fund (p. 10) GMO U.S. Growth Fund GMO Growth Fund (p. 12) GMO U.S. Small/Mid Cap Value Fund GMO Small/Mid Cap Value Fund (p. 14) (formerly GMO Small Cap Value Fund) GMO U.S. Small/Mid Cap Growth Fund GMO Small/Mid Cap Growth Fund (p. 16) (formerly GMO Small Cap Growth Fund) GMO International Core Equity Fund GMO International Disciplined Equity Fund (p. 24) GMO International Growth Equity Fund GMO International Growth Fund (p. 28)
Minimum Investment Criteria for Class III Eligibility - GMO Developed World Stock Fund and GMO Global Growth Fund Notwithstanding references to the contrary in the table captioned "Minimum Investment Criteria for Class II and Class III Eligibility" on page 101 of the Prospectus, the Minimum Total Investment required to purchase Class III Shares of GMO Developed World Stock Fund and GMO Global Growth Fund is $5 million. GMO Small Cap Value Fund, GMO Small Cap Growth Fund, and GMO Tax-Managed Small Companies Fund The Board of Trustees of GMO Trust has approved the following changes, effective August 31, 2005, to the Funds' names:
Current Name Name as of August 31, 2005 ------------ -------------------------- GMO Small Cap Value Fund GMO Small/Mid Cap Value Fund GMO Small Cap Growth Fund GMO Small/Mid Cap Growth Fund GMO Tax-Managed Small Companies Fund GMO Tax-Managed Small/Mid Cap Fund
In connection with the Funds' name changes, effective August 31, 2005, the first paragraph of each Fund's "Principal investment strategies" is amended and restated to read as follows: GMO Small/Mid Cap Value Fund The Fund typically makes equity investments in U.S. companies that issue stocks included in the Russell 2500 Index and in companies with similar market capitalizations ("small and mid cap companies"). As of May 31, 2005, the market capitalization of companies that issue stocks included in the Russell 2500 Index, a U.S. stock index, ranged from $20 million to $8 billion. In addition, as of May 31, 2005, the average market capitalization of companies that issue stocks included in the Russell 2500 Index was approximately $2.4 billion and the median market capitalization was approximately $690 million. Under normal circumstances, the Fund invests at least 80% of its assets in investments in small and mid cap companies. GMO Small/Mid Cap Growth Fund The Fund typically makes equity investments in U.S. companies that issue stocks included in the Russell 2500 Index and in companies with similar market capitalizations ("small and mid cap companies"). As of May 31, 2005, the market capitalization of companies that issue stocks included in the Russell 2500 Index, a U.S. stock index, ranged from $20 million to $8 billion. In addition, as of May 31, 2005, the average market capitalization of companies that issue stocks included in the Russell 2500 Index was approximately $2.4 billion and the median market capitalization was approximately $690 million. Under normal circumstances, the Fund invests at least 80% of its assets in investments in small and mid cap companies. GMO Tax-Managed Small/Mid Cap Fund The Fund typically makes equity investments in small and mid cap companies that issue stocks traded in the U.S. market and uses quantitative models integrated with tax management techniques to provide investors subject to U.S. federal income tax exposure to the U.S. small and mid cap company equity market. The Manager considers "small and mid cap companies" to be those chosen from among the 3,000 largest capitalized companies, excluding the top 500, with stocks traded in the U.S. market. Under normal circumstances, the Fund invests at least 80% of its assets in investments in small and mid cap companies. GMO Global Growth Fund On page 31 of the Prospectus, under the caption "Fees and expenses", the heading that references "Class IV" in the "Annual Fund operating expenses" table should reference "Class III", which is the only class of shares the Fund currently offers. GMO Domestic Bond Fund On page 51 of the Prospectus, under the caption "Fees and expenses - Annual Fund operating expenses", the "Net annual expenses" for the Fund's Class VI shares should be "0.16%." GMO Developed World Stock Fund On the inside back cover of the Prospectus, the Cusip number for the Fund's Class III shares should be "362013 20 3." GMO Value Fund and GMO Real Estate Fund Effective August 26, 2005, the GMO U.S. Active Division, which is responsible for the day-to-day management of the GMO Value Fund and GMO Real Estate Fund, merged into the GMO U.S. Quantitative Division. Mr. Soucy and Mr. Wilderman are the senior members of the GMO U.S. Quantitative Division. Day-to-day management of the GMO Value Fund and GMO Real Estate Fund has not been affected by this change. GMO TRUST AMENDED AND RESTATED SUPPLEMENT DATED SEPTEMBER 19, 2005 TO GMO TRUST - CLASS M SHARES PROSPECTUS DATED JUNE 30, 2005 AND GMO TRUST - CLASS M SHARES STATEMENT OF ADDITIONAL INFORMATION DATED JUNE 30, 2005 GMO Currency Hedged International Equity Fund The first sentence of Currency Hedged International Equity Fund's "Principal investment strategies" on page 20 of the Prospectus is hereby amended and restated as follows: "The Fund invests to varying extents in other GMO Funds ("underlying Funds"), including International Core Equity Fund, International Intrinsic Value Fund, and International Growth Equity Fund." International Core Equity Fund and International Growth Equity Fund are offered through a separate prospectus. For information about International Core Equity Fund, see International Disciplined Equity Fund on page 14 of the Prospectus. For information about International Growth Equity Fund, see International Growth Fund on page 18 of the Prospectus. International Disciplined Equity Fund and International Growth Fund have substantially the same investment objectives, principal investment strategies, benchmarks, and principal risks as International Core Equity Fund and International Growth Equity Fund, respectively. Management of the Trust The last row of the table on page 31 of the Prospectus is hereby amended and restated as follows:
SENIOR MEMBER PRINCIPAL OCCUPATION DURING PAST 5 FUND (LENGTH OF SERVICE) YEARS - ----------------------- ------------------- ---------------------------------- Emerging Countries Fund Arjun Divecha Director of GMO's Emerging Markets (since 1993) Division since 1993.
GMO Value Fund and GMO Real Estate Fund Effective August 26, 2005, the GMO U.S. Active Division, which is responsible for the day-to-day management of the GMO Value Fund and GMO Real Estate Fund, merged into the GMO U.S. Quantitative Division. Mr. Soucy and Mr. Wilderman are the senior members of the GMO U.S. Quantitative Division. Day-to-day management of the GMO Value Fund and GMO Real Estate Fund has not been affected by this change. -----END PRIVACY-ENHANCED MESSAGE-----