Filed pursuant to Rule 497(e)
File Nos. 002-98772 and 811-04347
GMO TRUST
Supplement dated October 5, 2018 to the
GMO Trust Prospectus, dated June 30, 2018
GMO Risk Premium Fund
Effective October 1, 2018, Grantham, Mayo, Van Otterloo & Co. LLC has agreed to irrevocably reduce GMO Risk Premium Fund’s (the “Fund”) management fee to an annual rate of 0.25% of the Fund’s average daily net assets (a reduction of 0.20%). The table below shows the total annual fund operating expenses after expense reimbursement/waiver for each class of shares of the Fund, in each case reflecting the reduction of the management fee.
Class III | Class IV | Class V | Class VI | |
Total annual fund operating expenses after expense reimbursement/waiver | 0.40% | 0.35% | 0.34% | 0.31% |