0001193125-11-352108.txt : 20111227 0001193125-11-352108.hdr.sgml : 20111226 20111223205606 ACCESSION NUMBER: 0001193125-11-352108 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 7 FILED AS OF DATE: 20111227 DATE AS OF CHANGE: 20111223 EFFECTIVENESS DATE: 20111227 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: 111280940 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 C000011427 Class M GMTMX 0000772129 S000004083 GMO Tobacco-Free Core Fund C000011429 Class I C000011430 Class II C000011431 Class III GMTCX C000011432 Class IV GMTFX C000011433 Class V C000011434 Class VI C000011435 Class M 0000772129 S000004084 GMO Quality Fund C000011436 Class II C000011437 Class III GQETX C000011438 Class IV GQEFX C000011439 Class V GQLFX C000011440 Class VI GQLOX C000034328 Class M 0000772129 S000004135 GMO U.S. Intrinsic Value Fund C000011589 Class III GMVUX C000011590 Class IV C000011591 Class V C000011592 Class VI 0000772129 S000004138 GMO U.S. Growth Fund C000011603 Class III GMGWX C000011604 Class IV C000011605 Class V C000011606 Class VI C000011607 Class M GMWMX 0000772129 S000004141 GMO U.S. Small/Mid Cap Value Fund C000011619 Class III GMSUX C000011620 Class IV C000011621 Class V C000011622 Class VI 0000772129 S000004144 GMO U.S. Small/Mid Cap Growth Fund C000011635 Class III GMSPX C000011636 Class IV C000011637 Class V C000011638 Class VI 0000772129 S000004146 GMO Real Estate Fund C000011643 Class I C000011644 Class II C000011645 Class III GMORX C000011646 Class IV C000011647 Class V C000011648 Class VI C000011649 Class M 0000772129 S000004147 GMO Tax-Managed U.S. Equities Fund C000011650 Class I C000011651 Class II C000011652 Class III GTMUX C000011653 Class IV 0000772129 S000004157 GMO International Core Equity Fund C000011701 Class III GMIEX C000011702 Class IV GMIRX C000011703 Class V C000011704 Class VI GCEFX 0000772129 S000004218 GMO International Growth Equity Fund C000011867 Class III GMIGX C000011868 Class IV GMGFX C000011869 Class V C000011870 Class VI 0000772129 S000004224 GMO International Intrinsic Value Fund C000011879 Class I C000011880 Class II GMICX C000011881 Class III GMOIX C000011882 Class IV GMCFX C000011883 Class V C000011884 Class VI C000011885 Class M GMVMX 0000772129 S000004227 GMO Developed World Stock Fund C000011892 Class III GDWTX C000011893 Class IV GDWFX C000011894 Class V C000011895 Class VI 0000772129 S000004228 GMO Currency Hedged International Equity Fund C000011896 Class I C000011897 Class II C000011898 Class III GMOCX C000011899 Class IV C000011900 Class V C000011901 Class VI C000011902 Class M 0000772129 S000004229 GMO Foreign Fund C000011903 Class I C000011904 Class II GMFRX C000011905 Class III GMOFX C000011906 Class IV GMFFX C000011907 Class V C000011908 Class VI C000011909 Class M GMFMX 0000772129 S000004230 GMO Foreign Small Companies Fund C000011910 Class III GMFSX C000011911 Class IV GFSFX 0000772129 S000004231 GMO International Small Companies Fund C000011912 Class I C000011913 Class II C000011914 Class III GMISX C000011915 Class IV C000011916 Class V C000011917 Class VI 0000772129 S000004911 GMO Emerging Markets Fund C000013267 Class I 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 C000013273 Class I C000013274 Class II C000013275 Class III GMCEX C000013276 Class IV C000013277 Class V C000013278 Class VI C000013279 Class M GECMX 0000772129 S000004913 GMO Tax-Managed International Equities Fund C000013280 Class I C000013281 Class II C000013282 Class III GTMIX C000013283 Class IV 0000772129 S000004914 GMO Domestic Bond Fund C000013284 Class I C000013285 Class II C000013286 Class III GMDBX C000013287 Class IV C000013288 Class V C000013289 Class VI GDBSX C000034329 Class M 0000772129 S000004917 GMO Core Plus Bond Fund C000013292 Class I C000013293 Class II C000013294 Class III GUGAX C000013295 Class IV GPBFX C000013296 Class V C000013297 Class VI C000013298 Class VII C000013299 Class VIII C000034330 Class M 0000772129 S000004918 GMO International Bond Fund C000013300 Class I C000013301 Class II C000013302 Class III GMIBX C000013303 Class IV C000013304 Class V C000013305 Class VI C000013306 Class VII C000013307 Class VIII C000034331 Class M 0000772129 S000004919 GMO Currency Hedged International Bond Fund C000013308 Class I C000013309 Class II C000013310 Class III GMHBX C000013311 Class IV C000013312 Class V C000013313 Class VI C000013314 Class VII C000013315 Class VIII C000034332 Class M 0000772129 S000004920 GMO Global Bond Fund C000013316 Class I C000013317 Class II C000013318 Class III GMGBX C000013319 Class IV C000013320 Class V C000013321 Class VI C000013322 Class VII C000013323 Class VIII C000034333 Class M 0000772129 S000004922 GMO Emerging Country Debt Fund C000013325 Class I C000013326 Class II C000013327 Class III GMCDX C000013328 Class IV GMDFX C000013329 Class V C000013330 Class VI 0000772129 S000004924 GMO Short-Duration Investment Fund C000013332 Class III GMSIX C000034335 Class M 0000772129 S000004926 GMO Alpha Only Fund C000013336 Class I C000013337 Class II C000013338 Class III GGHEX C000013339 Class IV GAPOX C000013340 Class V C000013341 Class VI C000034336 Class M 0000772129 S000005485 GMO Benchmark-Free Allocation Fund C000014925 Class I C000014926 Class II C000014927 Class III GBMFX C000034338 Class M 0000772129 S000005486 GMO International Equity Allocation Fund C000014928 Class I C000014929 Class II C000014930 Class III GIEAX C000034339 Class M 0000772129 S000005487 GMO Global Balanced Asset Allocation Fund C000014931 Class I C000014932 Class II C000014933 Class III GMWAX C000034340 Class M 0000772129 S000005488 GMO Global Equity Allocation Fund C000014934 Class I C000014935 Class II C000014936 Class III GMGEX C000034341 Class M 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 C000014939 Class I C000014940 Class II C000014941 Class III GUSAX C000014942 Class IV C000014943 Class V C000014944 Class VI C000034342 Class M 0000772129 S000005495 GMO Taiwan Fund C000014957 Class III GMOTX C000080091 Class VI 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 C000020552 Class V C000020553 Class VI GSDFX 0000772129 S000011778 GMO Inflation Indexed Plus Bond Fund C000032211 Class III GMITX C000032212 Class IV C000032213 Class V C000032214 Class VI GMIPX 0000772129 S000012210 GMO Strategic Fixed Income Fund C000033338 III GFITX C000033339 IV C000033340 V C000033341 VI GMFIX 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 S000033192 Asset Allocation International Small Companies Fund C000102151 Class III 0000772129 S000033193 International Large/Mid Cap Value Fund C000102153 Class III C000102154 Class IV C000102155 Class V C000102156 Class VI 497 1 d270501d497.htm GMO TRUST GMO Trust

EXPLANATORY NOTE

The XBRL interactive data file included as an exhibit to this filing relates to the supplement to the GMO Trust Prospectus and Statement of Information, each dated June 30, 2011, filed with the Securities and Exchange Commission on December 8, 2011 under Rule 497(e) (SEC Accession No. 0001193125-11-335209).

EXHIBIT INDEX

GMO TRUST

 

Exhibit Ref.

   

Title of Exhibit

EX-101.INS    XBRL Instance Document
EX-101.SCH    XBRL Schema Document
EX-101.CAL    XBRL Calculation Linkbase Document
EX.101.LAB    XBRL Labels Linkbase Document
EX-101.PRE    XBRL Presentation Linkbase Document
EX.101.DEF    XBRL Definition Linkbase Document
 EX-101.INS 2 gmot772129-20110630.xml XBRL INSTANCE DOCUMENT 0000772129 gmofx:C000033338Member gmofx:S000012210Member 2010-07-01 2011-06-30 0000772129 gmofx:C000033341Member gmofx:S000012210Member 2010-07-01 2011-06-30 0000772129 gmofx:C000014927Member rr:AfterTaxesOnDistributionsMember gmofx:S000005485Member 2010-07-01 2011-06-30 0000772129 gmofx:C000014927Member gmofx:S000005485Member gmofx:MsciWorldIndexMember 2010-07-01 2011-06-30 0000772129 gmofx:C000014927Member gmofx:ReturnsBeforeTaxesMember gmofx:S000005485Member 2010-07-01 2011-06-30 0000772129 gmofx:C000014927Member gmofx:ConsumerPriceIndexMember gmofx:S000005485Member 2010-07-01 2011-06-30 0000772129 gmofx:C000014927Member rr:AfterTaxesOnDistributionsAndSalesMember gmofx:S000005485Member 2010-07-01 2011-06-30 0000772129 gmofx:S000005485Member gmofx:C000109350Member 2010-07-01 2011-06-30 0000772129 gmofx:C000014927Member gmofx:S000005485Member 2010-07-01 2011-06-30 0000772129 gmofx:S000005487Member gmofx:ProspectusOneMember 2010-07-01 2011-06-30 0000772129 gmofx:S000005485Member gmofx:ProspectusOneMember 2010-07-01 2011-06-30 0000772129 gmofx:S000004157Member gmofx:ProspectusOneMember 2010-07-01 2011-06-30 0000772129 gmofx:S000004083Member gmofx:ProspectusOneMember 2010-07-01 2011-06-30 0000772129 gmofx:S000004228Member gmofx:ProspectusOneMember 2010-07-01 2011-06-30 0000772129 gmofx:S000004141Member gmofx:ProspectusOneMember 2010-07-01 2011-06-30 0000772129 gmofx:S000012210Member gmofx:ProspectusOneMember 2010-07-01 2011-06-30 0000772129 gmofx:S000029579Member gmofx:ProspectusOneMember 2010-07-01 2011-06-30 0000772129 2010-07-01 2011-06-30 iso4217:USD xbrli:pure false 2011-12-08 2011-12-08 2011-02-28 Other 0000772129 GMO TRUST <p>Footnote 2 to the table captioned &#8220;Annual Fund operating expenses&#8221; on page 64 of the Prospectus is amended and restated as follows:</p> <p><sup>2</sup> Subject to certain exclusions (&#8220;Excluded Fund Fees and Expenses), Grantham, Mayo, Van Otterloo &#038; Co. LLC (the &#8220;Manager&#8221; or &#8220;GMO&#8221;) has contractually agreed to reimburse the Fund to the extent the Fund&#8217;s total annual operating expenses exceed 0.75% of the Fund&#8217;s average daily net assets. Excluded Fund Fees and Expenses include (i) shareholder service fees, (ii) underlying fund expenses, (iii) any portion of the Fund&#8217;s annual custodial fees that exceeds 0.10% of the Fund&#8217;s average daily net assets, (iv) independent Trustee expenses, (v) certain legal costs, (vi) investment-related costs (e.g., brokerage commissions and securities lending fees), (vii) extraordinary expenses, and other expenses described under &#8220;Expense Reimbursement&#8221; in this Prospectus. This expense limitation will continue through at least June 30, 2012, and may not be terminated prior to this date without the consent of the Fund&#8217;s Board of Trustees.</p> In addition, the section captioned &#8220;Example&#8221; on page 85 is replaced with the following: <p>Effective January 16, 2012, GMO U.S. Small/Mid Cap Value Fund is renamed &#8220;GMO U.S. Small/Mid Cap Fund&#8221; and the first paragraph of the section captioned &#8220;Principal investment strategies&#8221; on page 16 of the Prospectus is amended and restated as follows:</p><p>The Manager seeks to achieve the Fund&#8217;s investment objective by investing in equities or groups of equities that the Manager believes will provide higher returns than the Russell 2500 Index.</p><p>Effective January 16, 2012, the Fund&#8217;s benchmark is the Russell 2500 Index. The Russell 2500 Index is an independently maintained and widely published index that measures the performance of the small to mid-cap segment of the U.S. equity universe. The Russell 2500 is a subset of the Russell 3000 Index. It includes approximately 2500 of the smallest securities based on a combination of their market cap and current index membership. Russell Investment Group is the source and owner of the trademarks, service marks and copyrights related to the Russell Indexes. Russell<sup>&#174;</sup> is a trademark of Russell Investment Group.</p> <p>The first two sentences of the section captioned &#8220;Principal investment strategies&#8221; on page 73 of the Prospectus are amended and restated as follows:</p><p>The Fund is a fund of funds and invests primarily in other GMO Funds. The Fund may invest in International Core Equity Fund, International Intrinsic Value Fund, International Large/Mid Cap Value Fund, International Growth Equity Fund, International Small Companies Fund, Asset Allocation International Small Companies Fund, and Flexible Equities Fund (collectively, the &#8220;underlying Funds&#8221;).</p> <center><p><b>GMO TRUST</b></p></center> <center><p><b>Amended and Restated Supplement dated December 8, 2011 to</b></p></center> <center><p><b>GMO Trust Prospectus and Statement of Additional Information,</b></p> </center> <center><p><b>each dated June 30, 2011</b></p></center> Effective December 9, 2011, the Fund charges a purchase premium and a redemption fee, which will be paid to and retained by the Fund to help offset non-de minimis estimated portfolio transaction costs and other related costs incurred by the Fund as a result of a purchase or redemption of its shares by allocating estimated transaction costs to the purchasing or redeeming shareholder. The following table is added to the section captioned &#8220;Fees and expenses&#8221; on page 85 of the Prospectus: The Board of Trustees of GMO Trust has approved the liquidation of GMO Tobacco-Free Core Fund and GMO U.S. Small/Mid Cap Growth Fund. It is expected that GMO Tobacco-Free Core Fund will be liquidated on or about December 31, 2011 and that GMO U.S. Small/Mid Cap Growth Fund will be liquidated on or about January 31, 2012. You may redeem from the Funds at any time, but if you are still a shareholder of a Fund on the date that the Fund is liquidated, your investment in the Fund will be liquidated and the proceeds will be transmitted to you. GMO Tax-Managed U.S. Equities Fund was liquidated on October 31, 2011. <p>Benchmark-Free Allocation Fund </p> <p>Effective January 1, 2012, the description of GMO Benchmark-Free Allocation Fund on pages 138-140 of the Prospectus is amended and restated as follows:</p> Effective September 15, 2011 (the &#8220;Effective Date&#8221;), GMO Global Balanced Asset Allocation Fund was renamed &#8220;GMO Global Asset Allocation Fund.&#8221; In conjunction with the name change, as of the Effective Date, the Fund is no longer bound by its policy to invest at least 25% of its assets in fixed income investments and at least 25% of its assets in equity investments, and the description of the Fund&#8217;s principal investment strategies on page 132 of the Prospectus is replaced with the following: 0.0057 0.0057 &lt;div style="display:none;"&gt;~ http://gmo.com/role/AnnualFundOperatingExpensesGMOBenchmarkFreeAllocationFundClassThree ~&lt;/div&gt; 0.1815 0.1644 0.1293 0.1128 -0.1123 0.2065 0.0491 Class III Class III Class III Class III Class III 2003-07-23 2003-07-23 2003-07-23 2003-07-23 2003-07-23 MSCI World Index Return Before Taxes Consumer Price Index Return After Taxes on Distributions and Sale of Fund&#160;Shares Return After Taxes on Distributions 0.0714 0.0918 0.1200 0.0927 0.0247 0.0472 0.1176 0.0419 0.0314 0.0125 0.0486 0.0711 0.0442 0.0243 0.0218 Performance <p>Highest Quarter: 9.19% (2Q2009)</p><p>Lowest Quarter: -6.90% (4Q2008)</p><p>Year-to-Date (as of 3/31/11): 1.92%</p> Purchase premiums and redemption fees are not reflected in the bar chart, but are reflected in the table; as a result, the returns in the table are lower than the returns in the bar chart. Annual Total Returns/Class III Shares * Years Ending December 31 0.0919 2009-06-30 -0.0690 2008-12-31 &lt;div style="display:none;"&gt;~ http://gmo.com/role/AnnualTotalReturnsBarChartGMOBenchmarkFreeAllocationFundClassThree ~&lt;/div&gt; 0.0192 2011-03-31 0.0015 0.0010 If you sell your shares If you sell your shares Class IV Class&#160;III Class VI Class III 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. The example also assumes that your investment has a 5% return each year and that the Fund&#8217;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. The example also assumes that your investment has a 5% return each year and that the Fund&#8217;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: If you do not sell your shares If you do not sell your shares Class&#160;III Class III Class VI Class IV 63 54 95 100 340 139 324 170 572 599 232 287 1282 506 628 1340 &lt;div style="display:none;"&gt;~ http://gmo.com/role/ExpenseExampleGMOBenchmarkFreeAllocationFundClassThree ~&lt;/div&gt; &lt;div style="display:none;"&gt;~ http://gmo.com/role/ExpenseExampleGMOStrategicFixedIncomeFundClassThreeAndSix ~&lt;/div&gt; 75 104 109 84 193 350 334 162 583 257 312 610 1295 537 1353 659 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. 0.0139 0.0134 <i>Restated as of June 2011. The amount includes purchase premiums and redemption fees of the underlying GMO Funds.</i> -0.0050 -0.0050 June 30, 2012 Highest Quarter: (reflects no deduction for fees, expenses, or taxes) (returns reflect no deduction for fees or expenses, but are net of withholding tax on dividend reinvestments) Lowest Quarter: 0.0065 0.0065 0.0020 0.0009 0.0020 0.0009 0.0084 0.0089 Investment objective The Fund seeks a positive total return. The Fund does not have a particular securities market index as a benchmark and does not seek to outperform a particular index or blend of indices (i.e., the Fund seeks positive return, not &#8220;relative&#8221; return). Annual Fund operating expenses (expenses that you pay each year as a percentage of the value of your investment): Class IV Class III 0.0002 0.0002 Consumer Price Index The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the Fund&#8217;s annual total returns from year to year for the periods indicated and by comparing the Fund&#8217;s average annual total returns for different calendar periods with those of a broad-based index and the Consumer Price Index. The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the Fund&#8217;s annual total returns from year to year for the periods indicated and by comparing the Fund&#8217;s average annual total returns for different calendar periods with those of a broad-based index and the Consumer Price Index. Purchase premiums and redemption fees are not reflected in the bar chart, but are reflected in the table; as a result, the returns in the table are lower than the returns in the bar chart. Returns in the table reflect current purchase premiums and redemption fees. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you are tax-exempt or if you hold your Fund shares through tax-deferred arrangements (such as a 401(k) plan or individual retirement account). Past performance (before and after taxes) is not an indication of future performance. Past performance (before and after taxes) is not an indication of future performance. Returns in the table reflect current purchase premiums and redemption fees. Average Annual Total Returns * Periods Ending December 31, 2010 Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you are tax-exempt or if you hold your Fund shares through tax-deferred arrangements (such as a 401(k) plan or individual retirement account). &lt;div style="display:none;"&gt;~ http://gmo.com/role/AverageAnnualTotalReturnsGMOBenchmarkFreeAllocationFundClassThree ~&lt;/div&gt; After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Portfolio turnover 0.19 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&#8217;s performance. During its fiscal year ended February 28, 2011, the Fund&#8217;s portfolio turnover rate (excluding short-term investments) was 19% of the average value of its portfolio. 2011-06-30 -0.0009 -0.0009 -0.0020 -0.0020 Principal risks of investing in the Fund Many factors can affect this value, and you may lose money by investing in the Fund. <p>The value of the Fund&#8217;s shares changes with the value of the Fund&#8217;s investments. Many factors can affect this value, and you may lose money by investing in the Fund. References to investments include those held directly by the Fund and indirectly through the Fund&#8217;s investments in the underlying Funds. Some of the underlying Funds are <i>non-diversified investment companies </i>under the Investment Company Act of 1940, as amended, and therefore a decline in the market value of a particular security held by those Funds may affect their performance more than if they were diversified. The principal risks of investing in the Fund are summarized below. For a more complete discussion of these risks, including those risks to which the Fund is exposed as a result of its investments in the underlying Funds, see &#8220;Description of Principal Risks.&#8221; </p> <p>&#8226;<i> Market Risk &#8211; Equity Securities &#8211; </i>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 an underlying 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&#8217;s overestimation of the value of those investments. An underlying 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. Declines in stock market prices generally are likely to reduce the net asset value of the Fund&#8217;s shares. </p> <p>&#8226;<i> Foreign Investment Risk </i>&#8211; 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&#8217;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. </p> <p>&#8226;<i> Market Risk &#8211; Fixed Income Securities </i>&#8211; Typically, the market value of fixed income securities will decline during periods of rising interest rates and widening of credit spreads. </p> <p>&#8226;<i> Market Risk &#8211; Asset-Backed Securities &#8211; </i>Asset-backed securities are subject to severe credit downgrades, illiquidity, defaults and declines in market value. </p> <p>&#8226;<i> Smaller Company Risk </i>&#8211; 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 companies with smaller market capitalizations 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 capitalization. </p> <p>&#8226;<i> Liquidity Risk </i>&#8211; Low trading volume, lack of a market maker, large size of position or legal restrictions may limit or prevent the Fund or an underlying 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. </p> <p>&#8226;<i> Derivatives Risk &#8211; </i>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. </p> <p>&#8226;<i> Currency Risk </i>&#8211; Fluctuations in exchange rates can adversely affect the market value of foreign currency holdings and investments denominated in foreign currencies. </p> <p>&#8226;<i> Fund of Funds Risk </i>&#8211; The Fund is indirectly exposed to all of the risks of an investment in the underlying Funds, including the risk that the underlying Funds in which it invests do not perform as expected. </p> <p>&#8226;<i> Management and Operational Risk &#8211; </i>The Fund relies on GMO&#8217;s ability to achieve its investment objective by effectively implementing its investment approach. The Fund runs the risk that GMO&#8217;s proprietary investment techniques will fail to produce the desired results. The Fund&#8217;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&#8217;s or another service provider&#8217;s internal systems or controls will cause losses for the Fund or impair Fund operations. </p> <p>&#8226;<i> Credit Risk &#8211; </i>The Fund runs the risk that the issuer or guarantor of a fixed income security or the obligor of an obligation underlying an asset-backed security will be unable or unwilling to satisfy its obligations to pay principal or interest payments or to otherwise honor its obligations. The market value of a fixed income security normally will decline as a result of the issuer&#8217;s failure to meet its payment obligations or the market&#8217;s expectation of a default, which may result from the downgrading of the issuer&#8217;s credit rating. Below investment grade securities have speculative characteristics, and changes in economic conditions or other circumstances are more likely to impair the capacity of issuers to make principal and interest payments than is the case with issuers of investment grade securities. </p> <p>&#8226;<i> Counterparty Risk &#8211; </i>The Fund runs the risk that the counterparty to an over-the-counter (OTC) derivatives contract or a borrower of the Fund&#8217;s securities will be unable or unwilling to make timely settlement payments or otherwise honor its obligations. </p> <p>&#8226;<i> Commodities Risk &#8211; </i>To the extent an underlying Fund has exposure to global commodity markets, the value of its shares is affected by factors particular to the commodity markets and may fluctuate more than the value of shares of a fund with a broader range of investments. </p> <p>&#8226;<i> Leveraging Risk &#8211; </i>The use of reverse repurchase agreements and other derivatives and securities lending may cause the Fund&#8217;s portfolio to be leveraged. Leverage increases the Fund&#8217;s portfolio losses when the value of its investments decline. </p> <p>&#8226;<i> Real Estate Risk &#8211; </i>To the extent an underlying Fund concentrates its assets in real estate-related investments, the value of its portfolio is subject to factors affecting the real estate industry and may fluctuate more than the value of a portfolio that consists of securities of companies in a broader range of industries. </p> <p>&#8226;<i> Short Sales Risk &#8211; </i>The Fund runs the risk that an underlying Fund&#8217;s loss on a short sale of securities that the underlying Fund does not own is unlimited. </p> <p>&#8226;<i> Natural Resources Risk &#8211; </i>To the extent an underlying fund concentrates its assets in the natural resources sector, the value of its portfolio is subject to factors affecting the natural resources industry and may fluctuate more than the value of a portfolio that consists of securities of companies in a broader range of industries. </p> <p>&#8226;<i> Focused Investment Risk &#8211; </i>Focusing investments in countries, regions, sectors or companies or in industries with high positive correlations to one another creates additional risk. </p> <p>&#8226;<i> Market Disruption and Geopolitical Risk &#8211; </i>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&#8217;s investments. </p> <p>&#8226;<i> Large Shareholder Risk &#8211; </i>To the extent that shares of the Fund are held by large shareholders (e.g., institutional investors), the Fund is subject to the risk that these shareholders will disrupt the Fund&#8217;s operations by purchasing or redeeming Fund shares in large amounts and/or on a frequent basis.</p> Some of the underlying Funds are <i>non-diversified investment companies</i> under the Investment Company Act of 1940, as amended, and therefore a decline in the market value of a particular security held by those Funds may affect their performance more than if they were diversified. GMO Global Balanced Asset Allocation Fund GMO Strategic Fixed Income Fund GMO U.S. Small/Mid Cap Value Fund GMO Currency Hedged International Equity Fund GMO Tobacco-Free Core Fund and GMO U.S. Small/Mid Cap Growth Fund GMO Emerging Domestic Opportunities Fund GMO Tax-Managed U.S. Equities Fund Shareholder fees (fees paid directly from your investment) Shareholder fees (fees paid directly from your investment) Class&#160;VI Class&#160;III Class IV Class III &lt;div style="display:none;"&gt;~ http://gmo.com/role/ShareholderFeesGMOStrategicFixedIncomeFund ~&lt;/div&gt; &lt;div style="display:none;"&gt;~ http://gmo.com/role/ShareholderFeesGMOBenchmarkFreeAllocationFundClassThree ~&lt;/div&gt; Principal investment strategies Principal investment strategies <p>The Fund is a fund of funds and invests primarily in shares of other GMO Funds, which may include the International Equity Funds, the U.S. Equity Funds, the Fixed Income Funds, Alpha Only Fund, Alternative Asset Opportunity Fund, Debt Opportunities Fund, High Quality Short-Duration Bond Fund, Special Situations Fund and World Opportunity Overlay Fund (collectively, the &#8220;underlying Funds&#8221;) (see &#8220;Additional Information About the Funds&#8217; Investment Strategies, Risks, and Expenses &#8211; Asset Allocation Funds&#8221;). In addition, the Fund may hold securities (particularly asset-backed securities) directly or through one or more subsidiaries or other entities. The Fund may be exposed to foreign and U.S. equity investments (which may include emerging country equities, both growth and value style equities and equities of any market capitalization), U.S. and foreign fixed income securities (including asset-backed securities and other fixed income securities of any credit quality and having any maturity or duration), the investment returns of commodities and, from time to time, other alternative asset classes.</p> <p>The Manager uses multi-year forecasts of relative value and risk among asset classes (e.g., foreign equity, U.S. equity, emerging country equity, emerging country debt, U.S. fixed income, foreign fixed income and commodities) to select the underlying Funds in which the Fund invests and to decide how much to invest in each. The Manager changes the Fund&#8217;s holdings of underlying Funds in response to changes in its investment outlook and market valuations and may use redemption/purchase activity to rebalance the Fund&#8217;s investments. Under normal circumstances, the Manager intends to invest not more than 85% of the Fund&#8217;s assets in the U.S. Equity and International Equity Funds.</p> <p>For cash management purposes, the Fund may invest in U.S. Treasury Fund and unaffiliated money market funds.</p> <p>The Fund is a fund of funds and invests primarily in shares of other GMO Funds, which may include the International Equity Funds, the U.S. Equity Funds, the Fixed Income Funds, Alpha Only Fund, Alternative Asset Opportunity Fund, Debt Opportunities Fund, High Quality Short-Duration Bond Fund, Special Situations Fund, World Opportunity Overlay Fund and Implementation Fund (collectively, the &#8220;underlying Funds&#8221;) (see &#8220;Additional Information About the Funds&#8217; Investment Strategies, Risks, and Expenses &#8211; Asset Allocation Funds&#8221;). In addition, the Fund may invest in securities directly.</p> <p>The Fund implements its strategy by allocating its assets among asset classes represented by the underlying Funds (e.g., foreign equity, U.S. equity, emerging country equity, emerging country debt, foreign fixed income, U.S. fixed income and commodities). The Fund is not restricted in its exposure to any particular asset class, and at times may be substantially invested in underlying Funds that primarily invest in a single asset class (e.g., Fixed Income Funds). In addition, the Fund is not restricted in its exposure to any particular market. Although the Fund generally will have exposure to both emerging countries and developed countries, including the U.S., at times, it also may have substantial exposure to a particular country or type of country (e.g., emerging countries).</p> <p>The Manager uses multi-year forecasts of relative value and risk among asset classes (e.g., foreign equity, U.S. equity, emerging country equity, emerging country debt, foreign fixed income, U.S. fixed income and commodities) to select the underlying Funds in which the Fund invests and to decide how much to invest in each. The Manager changes the Fund&#8217;s holdings of underlying Funds in response to changes in its investment outlook and market valuations and may use redemption/purchase activity to rebalance the Fund&#8217;s investments. The Manager&#8217;s ability to shift investments among the underlying Funds is not subject to any limits. The Fund may invest substantially all of its assets in a few underlying Funds that primarily invest in the same asset class and may, at times, also invest a substantial portion of its assets in a single underlying Fund. The Fund also reserves the right to invest directly in asset classes, or to adjust its exposure to asset classes, through direct investments.</p> <p>Prior to January 1, 2012, the Fund served predominantly as the principal component of a broader real return strategy, and the Fund&#8217;s investors were predominantly separate account clients of the Manager. The Fund was also offered on a stand-alone basis to the Manager&#8217;s partners and employees. Beginning on January 1, 2012, the Fund will be managed as a stand-alone investment strategy. The Manager expects that the Fund&#8217;s investment exposures will not differ significantly from the allocations the Fund would have had as a component of the broader real return, although the Fund will likely allocate a greater percentage of its assets to strategies that have cash-like benchmarks.</p> <p>For cash management purposes, the Fund may invest in U.S. Treasury Fund and unaffiliated money market funds.</p> Year-to-Date Restated as of June 2011. The amount includes purchase premiums and redemption fees of the underlying GMO Funds. The returns are for Class III shares of the Fund under the Fund's prior fee arrangement. Under the Fund's current fee arrangement, the returns would have been lower. After reimbursement After expense reimbursements/waivers noted in expense table Reflects fee reductions set forth in the Fund's management agreement and servicing and supplemental support agreement. The Manager has agreed to waive and/or reduce the Fund's management and shareholder service fees in order to offset the management and shareholder service fees charged by the underlying GMO Funds in which the Fund invests. In addition, the Manager has agreed to reimburse the Fund for certain of its operational expenses. 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Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Document Type dei_DocumentType Other
Document Period End Date dei_DocumentPeriodEndDate Feb. 28, 2011
Registrant Name dei_EntityRegistrantName GMO TRUST
Central Index Key dei_EntityCentralIndexKey 0000772129
Amendment Flag dei_AmendmentFlag false
Document Creation Date dei_DocumentCreationDate Dec. 08, 2011
Document Effective Date dei_DocumentEffectiveDate Dec. 08, 2011
Prospectus Date rr_ProspectusDate Jun. 30, 2011
Supplement [Text Block] gmofx_SupplementTextBlock

GMO TRUST

Amended and Restated Supplement dated December 8, 2011 to

GMO Trust Prospectus and Statement of Additional Information,

each dated June 30, 2011
GMO BENCHMARK-FREE ALLOCATION FUND | GMO TRUST
  
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] gmofx_SupplementTextBlock

Benchmark-Free Allocation Fund

Effective January 1, 2012, the description of GMO Benchmark-Free Allocation Fund on pages 138-140 of the Prospectus is amended and restated as follows:
Objective [Heading] rr_ObjectiveHeading Investment objective
Objective Primary [Text Block] rr_ObjectivePrimaryTextBlock The Fund seeks a positive total return. The Fund does not have a particular securities market index as a benchmark and does not seek to outperform a particular index or blend of indices (i.e., the Fund seeks positive return, not “relative” return).
Fees and expenses gmofx_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.
Shareholder fees rr_ShareholderFeesAbstract  
Shareholder Fees Caption [Text] rr_ShareholderFeesCaption Shareholder fees (fees paid directly from your investment)
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):
Expenses Restated to Reflect Current [Text] rr_ExpensesRestatedToReflectCurrent Restated as of June 2011. The amount includes purchase premiums and redemption fees of the underlying GMO Funds.
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. 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, With Redemption gmofx_ExpenseExampleWithRedemptionAbstract  
Expense Example by Year, Caption [Text] rr_ExpenseExampleByYearCaption If you sell your shares
Expense Example, No Redemption rr_ExpenseExampleNoRedemptionAbstract  
Expense Example, No Redemption, By Year, Caption [Text] rr_ExpenseExampleNoRedemptionByYearCaption If you do not sell your shares
Portfolio turnover gmofx_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. During its fiscal year ended February 28, 2011, the Fund’s portfolio turnover rate (excluding short-term investments) was 19% of the average value of its portfolio.
Portfolio Turnover, Rate rr_PortfolioTurnoverRate 19.00%
Strategy [Heading] rr_StrategyHeading Principal investment strategies
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

The Fund is a fund of funds and invests primarily in shares of other GMO Funds, which may include the International Equity Funds, the U.S. Equity Funds, the Fixed Income Funds, Alpha Only Fund, Alternative Asset Opportunity Fund, Debt Opportunities Fund, High Quality Short-Duration Bond Fund, Special Situations Fund, World Opportunity Overlay Fund and Implementation Fund (collectively, the “underlying Funds”) (see “Additional Information About the Funds’ Investment Strategies, Risks, and Expenses – Asset Allocation Funds”). In addition, the Fund may invest in securities directly.

The Fund implements its strategy by allocating its assets among asset classes represented by the underlying Funds (e.g., foreign equity, U.S. equity, emerging country equity, emerging country debt, foreign fixed income, U.S. fixed income and commodities). The Fund is not restricted in its exposure to any particular asset class, and at times may be substantially invested in underlying Funds that primarily invest in a single asset class (e.g., Fixed Income Funds). In addition, the Fund is not restricted in its exposure to any particular market. Although the Fund generally will have exposure to both emerging countries and developed countries, including the U.S., at times, it also may have substantial exposure to a particular country or type of country (e.g., emerging countries).

The Manager uses multi-year forecasts of relative value and risk among asset classes (e.g., foreign equity, U.S. equity, emerging country equity, emerging country debt, foreign fixed income, U.S. fixed income and commodities) to select the underlying Funds in which the Fund invests and to decide how much to invest in each. The Manager changes the Fund’s holdings of underlying Funds in response to changes in its investment outlook and market valuations and may use redemption/purchase activity to rebalance the Fund’s investments. The Manager’s ability to shift investments among the underlying Funds is not subject to any limits. The Fund may invest substantially all of its assets in a few underlying Funds that primarily invest in the same asset class and may, at times, also invest a substantial portion of its assets in a single underlying Fund. The Fund also reserves the right to invest directly in asset classes, or to adjust its exposure to asset classes, through direct investments.

Prior to January 1, 2012, the Fund served predominantly as the principal component of a broader real return strategy, and the Fund’s investors were predominantly separate account clients of the Manager. The Fund was also offered on a stand-alone basis to the Manager’s partners and employees. Beginning on January 1, 2012, the Fund will be managed as a stand-alone investment strategy. The Manager expects that the Fund’s investment exposures will not differ significantly from the allocations the Fund would have had as a component of the broader real return, although the Fund will likely allocate a greater percentage of its assets to strategies that have cash-like benchmarks.

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. References to investments include those held directly by the Fund and indirectly through the Fund’s investments in the underlying Funds. Some of the underlying Funds are non-diversified investment companies under the Investment Company Act of 1940, as amended, and therefore a decline in the market value of a particular security held by those Funds may affect their performance more than if they were diversified. The principal risks of investing in the Fund are summarized below. For a more complete discussion of these risks, including those risks to which the Fund is exposed as a result of its investments in the underlying Funds, 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 an underlying 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. An underlying 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. Declines in stock market prices generally are likely to reduce the net asset value of the Fund’s shares.

• 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.

• Market Risk – Fixed Income Securities – Typically, the market value of fixed income securities will decline during periods of rising interest rates and widening of credit spreads.

• Market Risk – Asset-Backed Securities – Asset-backed securities are subject to severe credit downgrades, illiquidity, defaults and declines in market value.

• 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 companies with smaller market capitalizations 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 capitalization.

• Liquidity Risk – Low trading volume, lack of a market maker, large size of position or legal restrictions may limit or prevent the Fund or an underlying 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.

• 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.

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

• Fund of Funds Risk – The Fund is indirectly exposed to all of the risks of an investment in the underlying Funds, including the risk that the underlying Funds in which it invests do not perform as expected.

• 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.

• Credit Risk – The Fund runs the risk that the issuer or guarantor of a fixed income security or the obligor of an obligation underlying an asset-backed security will be unable or unwilling to satisfy its obligations to pay principal or interest payments or to otherwise honor its obligations. The market value of a fixed income security normally will decline as a result of the issuer’s failure to meet its payment obligations or the market’s expectation of a default, which may result from the downgrading of the issuer’s credit rating. Below investment grade securities have speculative characteristics, and changes in economic conditions or other circumstances are more likely to impair the capacity of issuers to make principal and interest payments than is the case with issuers of investment grade securities.

• Counterparty Risk – The Fund runs the risk that the counterparty to an over-the-counter (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.

• Commodities Risk – To the extent an underlying Fund has exposure to global commodity markets, the value of its shares is affected by factors particular to the commodity markets and may fluctuate more than the value of shares of a fund with a broader range of investments.

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

• Real Estate Risk – To the extent an underlying Fund concentrates its assets in real estate-related investments, the value of its portfolio is subject to factors affecting the real estate industry and may fluctuate more than the value of a portfolio that consists of securities of companies in a broader range of industries.

• Short Sales Risk – The Fund runs the risk that an underlying Fund’s loss on a short sale of securities that the underlying Fund does not own is unlimited.

• Natural Resources Risk – To the extent an underlying fund concentrates its assets in the natural resources sector, the value of its portfolio is subject to factors affecting the natural resources industry and may fluctuate more than the value of a portfolio that consists of securities of companies in a broader range of industries.

• 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), 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 Some of the underlying Funds are non-diversified investment companies under the Investment Company Act of 1940, as amended, and therefore a decline in the market value of a particular security held by those Funds may affect their performance more than if they were diversified.
Performance gmofx_FundPastPerformanceAbstract  
Bar Chart And Performance Table [Heading] rr_BarChartAndPerformanceTableHeading Performance
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the Fund’s annual total returns from year to year for the periods indicated and by comparing the Fund’s average annual total returns for different calendar periods with those of a broad-based index and the Consumer Price Index. Purchase premiums and redemption fees are not reflected in the bar chart, but are reflected in the table; as a result, the returns in the table are lower than the returns in the bar chart. Returns in the table reflect current purchase premiums and redemption fees. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you are tax-exempt or if you hold your Fund shares through tax-deferred arrangements (such as a 401(k) plan or individual retirement account). Past performance (before and after taxes) is not an indication of future performance.
Performance Information Illustrates Variability Of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the Fund’s annual total returns from year to year for the periods indicated and by comparing the Fund’s average annual total returns for different calendar periods with those of a broad-based index and the Consumer Price Index.
Bar Chart Does Not Reflect Sales Loads [Text] rr_BarChartDoesNotReflectSalesLoads Purchase premiums and redemption fees are not reflected in the bar chart, but are reflected in the table; as a result, the returns in the table are lower than the returns in the bar chart.
Performance Table Does Reflect Sales Loads rr_PerformanceTableDoesReflectSalesLoads Returns in the table reflect current purchase premiums and redemption fees.
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
Performance Table Not Relevant To Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you are tax-exempt or if you hold your Fund shares through tax-deferred arrangements (such as a 401(k) plan or individual retirement account).
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture Past performance (before and after taxes) is not an indication of future performance.
Annual Total Returns rr_BarChartTableAbstract  
Bar Chart [Heading] rr_BarChartHeading Annual Total Returns/Class III Shares * Years Ending December 31
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock

Highest Quarter: 9.19% (2Q2009)

Lowest Quarter: -6.90% (4Q2008)

Year-to-Date (as of 3/31/11): 1.92%
Average Annual Total Returns rr_AverageAnnualReturnAbstract  
Performance Table Heading rr_PerformanceTableHeading Average Annual Total Returns * Periods Ending December 31, 2010 [1]
GMO BENCHMARK-FREE ALLOCATION FUND | Class III, GMO Benchmark-Free Allocation Fund
  
Shareholder fees rr_ShareholderFeesAbstract  
Shareholder Fees Column [Text] rr_ShareholderFeesColumnName Class III
Purchase premium (as a percentage of amount invested) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 0.09%
Redemption fee (as a percentage of amount redeemed) rr_RedemptionFeeOverRedemption 0.09%
Annual Fund operating expenses rr_OperatingExpensesAbstract  
Operating Expenses Column [Text] rr_OperatingExpensesColumnName Class III
Management fee rr_ManagementFeesOverAssets 0.65%
Shareholder service fee rr_DistributionOrSimilarNon12b1FeesOverAssets 0.15%
Other expenses rr_OtherExpensesOverAssets 0.02%
Acquired fund fees and expenses (underlying fund expenses) rr_AcquiredFundFeesAndExpensesOverAssets 0.57% [2]
Total annual operating expenses rr_ExpensesOverAssets 1.39%
Expense reimbursement/waiver rr_FeeWaiverOrReimbursementOverAssets (0.50%) [3]
Total annual operating expenses after expense reimbursement/waiver (Fund and underlying fund expenses) rr_NetExpensesOverAssets 0.89%
Expense Example, With Redemption gmofx_ExpenseExampleWithRedemptionAbstract  
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName Class III
1 Year rr_ExpenseExampleYear01 109 [4]
3 Years rr_ExpenseExampleYear03 350 [5]
5 Years rr_ExpenseExampleYear05 610 [5]
10 Years rr_ExpenseExampleYear10 1,353 [5]
Expense Example, No Redemption rr_ExpenseExampleNoRedemptionAbstract  
Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName Class III
1 Year rr_ExpenseExampleNoRedemptionYear01 100 [4]
3 Years rr_ExpenseExampleNoRedemptionYear03 340 [5]
5 Years rr_ExpenseExampleNoRedemptionYear05 599 [5]
10 Years rr_ExpenseExampleNoRedemptionYear10 1,340 [5]
Annual Total Returns rr_BarChartTableAbstract  
2004 rr_AnnualReturn2004 18.15% [1]
2005 rr_AnnualReturn2005 16.44% [1]
2006 rr_AnnualReturn2006 12.93% [1]
2007 rr_AnnualReturn2007 11.28% [1]
2008 rr_AnnualReturn2008 (11.23%) [1]
2009 rr_AnnualReturn2009 20.65% [1]
2010 rr_AnnualReturn2010 4.91% [1]
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Highest Quarter:
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 9.19%
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Jun. 30, 2009
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Lowest Quarter:
Lowest Quarterly Return, Return rr_BarChartLowestQuarterlyReturn (6.90%)
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Dec. 31, 2008
Year To Date Return, Label rr_YearToDateReturnLabel Year-to-Date
Bar Chart, Year To Date Return rr_BarChartYearToDateReturn 1.92%
Bar Chart, Year To Date Return, Date rr_BarChartYearToDateReturnDate Mar. 31, 2011
GMO BENCHMARK-FREE ALLOCATION FUND | Class IV, GMO Benchmark-Free Allocation Fund
  
Shareholder fees rr_ShareholderFeesAbstract  
Shareholder Fees Column [Text] rr_ShareholderFeesColumnName Class IV
Purchase premium (as a percentage of amount invested) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 0.09%
Redemption fee (as a percentage of amount redeemed) rr_RedemptionFeeOverRedemption 0.09%
Annual Fund operating expenses rr_OperatingExpensesAbstract  
Operating Expenses Column [Text] rr_OperatingExpensesColumnName Class IV
Management fee rr_ManagementFeesOverAssets 0.65%
Shareholder service fee rr_DistributionOrSimilarNon12b1FeesOverAssets 0.10%
Other expenses rr_OtherExpensesOverAssets 0.02%
Acquired fund fees and expenses (underlying fund expenses) rr_AcquiredFundFeesAndExpensesOverAssets 0.57% [2]
Total annual operating expenses rr_ExpensesOverAssets 1.34%
Expense reimbursement/waiver rr_FeeWaiverOrReimbursementOverAssets (0.50%) [3]
Total annual operating expenses after expense reimbursement/waiver (Fund and underlying fund expenses) rr_NetExpensesOverAssets 0.84%
Expense Example, With Redemption gmofx_ExpenseExampleWithRedemptionAbstract  
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName Class IV
1 Year rr_ExpenseExampleYear01 104 [4]
3 Years rr_ExpenseExampleYear03 334 [5]
5 Years rr_ExpenseExampleYear05 583 [5]
10 Years rr_ExpenseExampleYear10 1,295 [5]
Expense Example, No Redemption rr_ExpenseExampleNoRedemptionAbstract  
Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName Class IV
1 Year rr_ExpenseExampleNoRedemptionYear01 95 [4]
3 Years rr_ExpenseExampleNoRedemptionYear03 324 [5]
5 Years rr_ExpenseExampleNoRedemptionYear05 572 [5]
10 Years rr_ExpenseExampleNoRedemptionYear10 1,282 [5]
GMO BENCHMARK-FREE ALLOCATION FUND | Return Before Taxes | Class III, GMO Benchmark-Free Allocation Fund
  
Average Annual Total Returns rr_AverageAnnualReturnAbstract  
Column rr_AverageAnnualReturnColumnName Class III
Label rr_AverageAnnualReturnLabel Return Before Taxes
1 Year rr_AverageAnnualReturnYear01 4.72% [1]
5 Years rr_AverageAnnualReturnYear05 7.11% [1]
10 Years rr_AverageAnnualReturnYear10    [1]
Inception rr_AverageAnnualReturnSinceInception 12.00% [1]
Inception Date rr_AverageAnnualReturnInceptionDate Jul. 23, 2003
GMO BENCHMARK-FREE ALLOCATION FUND | Return After Taxes on Distributions | Class III, GMO Benchmark-Free Allocation Fund
  
Average Annual Total Returns rr_AverageAnnualReturnAbstract  
Column rr_AverageAnnualReturnColumnName Class III
Label rr_AverageAnnualReturnLabel Return After Taxes on Distributions
1 Year rr_AverageAnnualReturnYear01 4.19% [1]
5 Years rr_AverageAnnualReturnYear05 4.42% [1]
10 Years rr_AverageAnnualReturnYear10    [1]
Inception rr_AverageAnnualReturnSinceInception 9.27% [1]
Inception Date rr_AverageAnnualReturnInceptionDate Jul. 23, 2003
GMO BENCHMARK-FREE ALLOCATION FUND | Return After Taxes on Distributions and Sale of Fund Shares | Class III, GMO Benchmark-Free Allocation Fund
  
Average Annual Total Returns rr_AverageAnnualReturnAbstract  
Column rr_AverageAnnualReturnColumnName Class III
Label rr_AverageAnnualReturnLabel Return After Taxes on Distributions and Sale of Fund Shares
1 Year rr_AverageAnnualReturnYear01 3.14% [1]
5 Years rr_AverageAnnualReturnYear05 4.86% [1]
10 Years rr_AverageAnnualReturnYear10    [1]
Inception rr_AverageAnnualReturnSinceInception 9.18% [1]
Inception Date rr_AverageAnnualReturnInceptionDate Jul. 23, 2003
GMO BENCHMARK-FREE ALLOCATION FUND | MSCI World Index | Class III, GMO Benchmark-Free Allocation Fund
  
Average Annual Total Returns rr_AverageAnnualReturnAbstract  
Column rr_AverageAnnualReturnColumnName Class III
Label rr_AverageAnnualReturnLabel MSCI World Index
Index No Deduction For Fees, Expenses, Taxes (for MSCI World Index, returns are net of withholding tax) rr_IndexNoDeductionForFeesExpensesTaxes (returns reflect no deduction for fees or expenses, but are net of withholding tax on dividend reinvestments)
1 Year rr_AverageAnnualReturnYear01 11.76% [1]
5 Years rr_AverageAnnualReturnYear05 2.43% [1]
10 Years rr_AverageAnnualReturnYear10    [1]
Inception rr_AverageAnnualReturnSinceInception 7.14% [1]
Inception Date rr_AverageAnnualReturnInceptionDate Jul. 23, 2003
GMO BENCHMARK-FREE ALLOCATION FUND | Consumer Price Index | Class III, GMO Benchmark-Free Allocation Fund
  
Average Annual Total Returns rr_AverageAnnualReturnAbstract  
Column rr_AverageAnnualReturnColumnName Class III
Label rr_AverageAnnualReturnLabel Consumer Price Index
Index No Deduction For Fees, Expenses, Taxes (for MSCI World Index, returns are net of withholding tax) rr_IndexNoDeductionForFeesExpensesTaxes (reflects no deduction for fees, expenses, or taxes)
1 Year rr_AverageAnnualReturnYear01 1.25% [1]
5 Years rr_AverageAnnualReturnYear05 2.18% [1]
10 Years rr_AverageAnnualReturnYear10    [1]
Inception rr_AverageAnnualReturnSinceInception 2.47% [1]
Inception Date rr_AverageAnnualReturnInceptionDate Jul. 23, 2003
Performance Additional Market Index [Text] rr_PerformanceAdditionalMarketIndex Consumer Price Index
GMO U.S. SMALL/MID CAP VALUE FUND | GMO TRUST
  
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading GMO U.S. Small/Mid Cap Value Fund
Supplement Strategy Narrative [Text Block] gmofx_SupplementStrategyNarrativeTextBlock

Effective January 16, 2012, GMO U.S. Small/Mid Cap Value Fund is renamed “GMO U.S. Small/Mid Cap Fund” and the first paragraph of the section captioned “Principal investment strategies” on page 16 of the Prospectus is amended and restated as follows:

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 Russell 2500 Index.

Effective January 16, 2012, the Fund’s benchmark is the Russell 2500 Index. The Russell 2500 Index is an independently maintained and widely published index that measures the performance of the small to mid-cap segment of the U.S. equity universe. The Russell 2500 is a subset of the Russell 3000 Index. It includes approximately 2500 of the smallest securities based on a combination of their market cap and current index membership. Russell Investment Group is the source and owner of the trademarks, service marks and copyrights related to the Russell Indexes. Russell® is a trademark of Russell Investment Group.
GMO TOBACCO-FREE CORE FUND AND GMO U.S. SMALL/MID CAP GROWTH FUND | GMO TRUST
  
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading GMO Tobacco-Free Core Fund and GMO U.S. Small/Mid Cap Growth Fund
Supplement [Text Block] gmofx_SupplementTextBlock The Board of Trustees of GMO Trust has approved the liquidation of GMO Tobacco-Free Core Fund and GMO U.S. Small/Mid Cap Growth Fund. It is expected that GMO Tobacco-Free Core Fund will be liquidated on or about December 31, 2011 and that GMO U.S. Small/Mid Cap Growth Fund will be liquidated on or about January 31, 2012. You may redeem from the Funds at any time, but if you are still a shareholder of a Fund on the date that the Fund is liquidated, your investment in the Fund will be liquidated and the proceeds will be transmitted to you.
GMO TAX-MANAGED U.S. EQUITIES FUND | GMO TRUST
  
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading GMO Tax-Managed U.S. Equities Fund
Supplement [Text Block] gmofx_SupplementTextBlock GMO Tax-Managed U.S. Equities Fund was liquidated on October 31, 2011.
GMO CURRENCY HEDGED INTERNATIONAL EQUITY FUND | GMO TRUST
  
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading GMO Currency Hedged International Equity Fund
Supplement Strategy Narrative [Text Block] gmofx_SupplementStrategyNarrativeTextBlock

The first two sentences of the section captioned “Principal investment strategies” on page 73 of the Prospectus are amended and restated as follows:

The Fund is a fund of funds and invests primarily in other GMO Funds. The Fund may invest in International Core Equity Fund, International Intrinsic Value Fund, International Large/Mid Cap Value Fund, International Growth Equity Fund, International Small Companies Fund, Asset Allocation International Small Companies Fund, and Flexible Equities Fund (collectively, the “underlying Funds”).
GMO STRATEGIC FIXED INCOME FUND | GMO TRUST
  
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading GMO Strategic Fixed Income Fund
Supplement [Text Block] gmofx_SupplementTextBlock Effective December 9, 2011, the Fund charges a purchase premium and a redemption fee, which will be paid to and retained by the Fund to help offset non-de minimis estimated portfolio transaction costs and other related costs incurred by the Fund as a result of a purchase or redemption of its shares by allocating estimated transaction costs to the purchasing or redeeming shareholder. The following table is added to the section captioned “Fees and expenses” on page 85 of the Prospectus:
Shareholder fees rr_ShareholderFeesAbstract  
Shareholder Fees Caption [Text] rr_ShareholderFeesCaption Shareholder fees (fees paid directly from your investment)
Example rr_ExpenseExampleAbstract  
Supplement Example Heading [Text Block] gmofx_SupplementExampleHeadingTextBlock In addition, the section captioned “Example” on page 85 is replaced with the following:
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. 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, With Redemption gmofx_ExpenseExampleWithRedemptionAbstract  
Expense Example by Year, Caption [Text] rr_ExpenseExampleByYearCaption If you sell your shares
Expense Example, No Redemption rr_ExpenseExampleNoRedemptionAbstract  
Expense Example, No Redemption, By Year, Caption [Text] rr_ExpenseExampleNoRedemptionByYearCaption If you do not sell your shares
GMO STRATEGIC FIXED INCOME FUND | Class III, GMO Strategic Fixed Income Fund
  
Shareholder fees rr_ShareholderFeesAbstract  
Shareholder Fees Column [Text] rr_ShareholderFeesColumnName Class III
Purchase premium (as a percentage of amount invested) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 0.20%
Redemption fee (as a percentage of amount redeemed) rr_RedemptionFeeOverRedemption 0.20%
Expense Example, With Redemption gmofx_ExpenseExampleWithRedemptionAbstract  
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName Class III
1 Year rr_ExpenseExampleYear01 84 [6]
3 Years rr_ExpenseExampleYear03 193
5 Years rr_ExpenseExampleYear05 312
10 Years rr_ExpenseExampleYear10 659
Expense Example, No Redemption rr_ExpenseExampleNoRedemptionAbstract  
Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName Class III
1 Year rr_ExpenseExampleNoRedemptionYear01 63 [6]
3 Years rr_ExpenseExampleNoRedemptionYear03 170
5 Years rr_ExpenseExampleNoRedemptionYear05 287
10 Years rr_ExpenseExampleNoRedemptionYear10 628
GMO STRATEGIC FIXED INCOME FUND | Class VI, GMO Strategic Fixed Income Fund
  
Shareholder fees rr_ShareholderFeesAbstract  
Shareholder Fees Column [Text] rr_ShareholderFeesColumnName Class VI
Purchase premium (as a percentage of amount invested) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 0.20%
Redemption fee (as a percentage of amount redeemed) rr_RedemptionFeeOverRedemption 0.20%
Expense Example, With Redemption gmofx_ExpenseExampleWithRedemptionAbstract  
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName Class VI
1 Year rr_ExpenseExampleYear01 75 [6]
3 Years rr_ExpenseExampleYear03 162
5 Years rr_ExpenseExampleYear05 257
10 Years rr_ExpenseExampleYear10 537
Expense Example, No Redemption rr_ExpenseExampleNoRedemptionAbstract  
Expense Example, No Redemption, By Year, Column [Text] rr_ExpenseExampleNoRedemptionByYearColumnName Class VI
1 Year rr_ExpenseExampleNoRedemptionYear01 54 [6]
3 Years rr_ExpenseExampleNoRedemptionYear03 139
5 Years rr_ExpenseExampleNoRedemptionYear05 232
10 Years rr_ExpenseExampleNoRedemptionYear10 506
GMO GLOBAL BALANCED ASSET ALLOCATION FUND | GMO TRUST
  
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading GMO Global Balanced Asset Allocation Fund
Supplement [Text Block] gmofx_SupplementTextBlock Effective September 15, 2011 (the “Effective Date”), GMO Global Balanced Asset Allocation Fund was renamed “GMO Global Asset Allocation Fund.” In conjunction with the name change, as of the Effective Date, the Fund is no longer bound by its policy to invest at least 25% of its assets in fixed income investments and at least 25% of its assets in equity investments, and the description of the Fund’s principal investment strategies on page 132 of the Prospectus is replaced with the following:
Portfolio turnover gmofx_PortfolioTurnoverAltAbstract  
Strategy [Heading] rr_StrategyHeading Principal investment strategies
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

The Fund is a fund of funds and invests primarily in shares of other GMO Funds, which may include the International Equity Funds, the U.S. Equity Funds, the Fixed Income Funds, Alpha Only Fund, Alternative Asset Opportunity Fund, Debt Opportunities Fund, High Quality Short-Duration Bond Fund, Special Situations Fund and World Opportunity Overlay Fund (collectively, the “underlying Funds”) (see “Additional Information About the Funds’ Investment Strategies, Risks, and Expenses – Asset Allocation Funds”). In addition, the Fund may hold securities (particularly asset-backed securities) directly or through one or more subsidiaries or other entities. The Fund may be exposed to foreign and U.S. equity investments (which may include emerging country equities, both growth and value style equities and equities of any market capitalization), U.S. and foreign fixed income securities (including asset-backed securities and other fixed income securities of any credit quality and having any maturity or duration), the investment returns of commodities and, from time to time, other alternative asset classes.

The Manager uses multi-year forecasts of relative value and risk among asset classes (e.g., foreign equity, U.S. equity, emerging country equity, emerging country debt, U.S. fixed income, foreign fixed income and commodities) to select the underlying Funds in which the Fund invests and to decide how much to invest in each. The Manager changes the Fund’s holdings of underlying Funds in response to changes in its investment outlook and market valuations and may use redemption/purchase activity to rebalance the Fund’s investments. Under normal circumstances, the Manager intends to invest not more than 85% of the Fund’s assets in the U.S. Equity and International Equity Funds.

For cash management purposes, the Fund may invest in U.S. Treasury Fund and unaffiliated money market funds.
GMO EMERGING DOMESTIC OPPORTUNITIES FUND | GMO TRUST
  
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading GMO Emerging Domestic Opportunities Fund
Supplement Annual Fund Operating Expenses Table Footnote [Text Block] gmofx_SupplementAnnualFundOperatingExpensesTableFootnoteTextBlock

Footnote 2 to the table captioned “Annual Fund operating expenses” on page 64 of the Prospectus is amended and restated as follows:

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 0.75% of the Fund’s average daily net assets. Excluded Fund Fees and Expenses include (i) shareholder service fees, (ii) underlying fund expenses, (iii) any portion of the Fund’s annual custodial fees that exceeds 0.10% of the Fund’s average daily net assets, (iv) independent Trustee expenses, (v) certain legal costs, (vi) investment-related costs (e.g., brokerage commissions and securities lending fees), (vii) extraordinary expenses, and other expenses described under “Expense Reimbursement” in this Prospectus. This expense limitation will continue through at least June 30, 2012, and may not be terminated prior to this date without the consent of the Fund’s Board of Trustees.
Annual Fund operating expenses rr_OperatingExpensesAbstract  
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination June 30, 2012
[1] The returns are for Class III shares of the Fund under the Fund's prior fee arrangement. Under the Fund's current fee arrangement, the returns would have been lower.
[2] Restated as of June 2011. The amount includes purchase premiums and redemption fees of the underlying GMO Funds.
[3] The Manager has agreed to waive and/or reduce the Fund's management and shareholder service fees in order to offset the management and shareholder service fees charged by the underlying GMO Funds in which the Fund invests. In addition, the Manager has agreed to reimburse the Fund for certain of its operational expenses.
[4] After expense reimbursements/waivers noted in expense table
[5] Reflects fee reductions set forth in the Fund's management agreement and servicing and supplemental support agreement.
[6] After reimbursement
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GMO TRUST

Amended and Restated Supplement dated December 8, 2011 to

GMO Trust Prospectus and Statement of Additional Information,

each dated June 30, 2011
GMO BENCHMARK-FREE ALLOCATION FUND | GMO TRUST

Benchmark-Free Allocation Fund

Effective January 1, 2012, the description of GMO Benchmark-Free Allocation Fund on pages 138-140 of the Prospectus is amended and restated as follows:
Investment objective
The Fund seeks a positive total return. The Fund does not have a particular securities market index as a benchmark and does not seek to outperform a particular index or blend of indices (i.e., the Fund seeks positive return, not “relative” 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.
Shareholder fees (fees paid directly from your investment)
Shareholder Fees GMO BENCHMARK-FREE ALLOCATION FUND
Class III, GMO Benchmark-Free Allocation Fund
Class IV, GMO Benchmark-Free Allocation Fund
Shareholder Fees Column [Text] Class III Class IV
Purchase premium (as a percentage of amount invested) 0.09% 0.09%
Redemption fee (as a percentage of amount redeemed) 0.09% 0.09%
Annual Fund operating expenses (expenses that you pay each year as a percentage of the value of your investment):
Annual Fund Operating Expenses GMO BENCHMARK-FREE ALLOCATION FUND
Class III, GMO Benchmark-Free Allocation Fund
Class IV, GMO Benchmark-Free Allocation Fund
Operating Expenses Column [Text] Class III Class IV
Management fee 0.65% 0.65%
Shareholder service fee 0.15% 0.10%
Other expenses 0.02% 0.02%
Acquired fund fees and expenses (underlying fund expenses) [1] 0.57% 0.57%
Total annual operating expenses 1.39% 1.34%
Expense reimbursement/waiver [2] (0.50%) (0.50%)
Total annual operating expenses after expense reimbursement/waiver (Fund and underlying fund expenses) 0.89% 0.84%
[1] Restated as of June 2011. The amount includes purchase premiums and redemption fees of the underlying GMO Funds.
[2] The Manager has agreed to waive and/or reduce the Fund's management and shareholder service fees in order to offset the management and shareholder service fees charged by the underlying GMO Funds in which the Fund invests. In addition, the Manager has agreed to reimburse the Fund for certain of its operational expenses.
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 $10,000 in the Fund for the time periods indicated. The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same as those shown in the table. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Expense Example GMO BENCHMARK-FREE ALLOCATION FUND
Expense Example by, Year, Caption [Text]
Expense Example, By Year, Column [Text]
1 Year
3 Years
5 Years
10 Years
Expense Example, No Redemption, By Year, Caption [Text]
Expense Example, No Redemption, By Year, Column [Text]
1 Year
3 Years
5 Years
10 Years
GMO TRUST
 If you sell your shares           If you do not sell your shares          
Class III, GMO Benchmark-Free Allocation Fund USD ($)
   Class III 109 [1] 350 [2] 610 [2] 1,353 [2]   Class III 100 [1] 340 [2] 599 [2] 1,340 [2]
Class IV, GMO Benchmark-Free Allocation Fund USD ($)
   Class IV 104 [1] 334 [2] 583 [2] 1,295 [2]   Class IV 95 [1] 324 [2] 572 [2] 1,282 [2]
[1] After expense reimbursements/waivers noted in expense table
[2] Reflects fee reductions set forth in the Fund's management agreement and servicing and supplemental support agreement.
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. During its fiscal year ended February 28, 2011, the Fund’s portfolio turnover rate (excluding short-term investments) was 19% of the average value of its portfolio.
Principal investment strategies

The Fund is a fund of funds and invests primarily in shares of other GMO Funds, which may include the International Equity Funds, the U.S. Equity Funds, the Fixed Income Funds, Alpha Only Fund, Alternative Asset Opportunity Fund, Debt Opportunities Fund, High Quality Short-Duration Bond Fund, Special Situations Fund, World Opportunity Overlay Fund and Implementation Fund (collectively, the “underlying Funds”) (see “Additional Information About the Funds’ Investment Strategies, Risks, and Expenses – Asset Allocation Funds”). In addition, the Fund may invest in securities directly.

The Fund implements its strategy by allocating its assets among asset classes represented by the underlying Funds (e.g., foreign equity, U.S. equity, emerging country equity, emerging country debt, foreign fixed income, U.S. fixed income and commodities). The Fund is not restricted in its exposure to any particular asset class, and at times may be substantially invested in underlying Funds that primarily invest in a single asset class (e.g., Fixed Income Funds). In addition, the Fund is not restricted in its exposure to any particular market. Although the Fund generally will have exposure to both emerging countries and developed countries, including the U.S., at times, it also may have substantial exposure to a particular country or type of country (e.g., emerging countries).

The Manager uses multi-year forecasts of relative value and risk among asset classes (e.g., foreign equity, U.S. equity, emerging country equity, emerging country debt, foreign fixed income, U.S. fixed income and commodities) to select the underlying Funds in which the Fund invests and to decide how much to invest in each. The Manager changes the Fund’s holdings of underlying Funds in response to changes in its investment outlook and market valuations and may use redemption/purchase activity to rebalance the Fund’s investments. The Manager’s ability to shift investments among the underlying Funds is not subject to any limits. The Fund may invest substantially all of its assets in a few underlying Funds that primarily invest in the same asset class and may, at times, also invest a substantial portion of its assets in a single underlying Fund. The Fund also reserves the right to invest directly in asset classes, or to adjust its exposure to asset classes, through direct investments.

Prior to January 1, 2012, the Fund served predominantly as the principal component of a broader real return strategy, and the Fund’s investors were predominantly separate account clients of the Manager. The Fund was also offered on a stand-alone basis to the Manager’s partners and employees. Beginning on January 1, 2012, the Fund will be managed as a stand-alone investment strategy. The Manager expects that the Fund’s investment exposures will not differ significantly from the allocations the Fund would have had as a component of the broader real return, although the Fund will likely allocate a greater percentage of its assets to strategies that have cash-like benchmarks.

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. References to investments include those held directly by the Fund and indirectly through the Fund’s investments in the underlying Funds. Some of the underlying Funds are non-diversified investment companies under the Investment Company Act of 1940, as amended, and therefore a decline in the market value of a particular security held by those Funds may affect their performance more than if they were diversified. The principal risks of investing in the Fund are summarized below. For a more complete discussion of these risks, including those risks to which the Fund is exposed as a result of its investments in the underlying Funds, 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 an underlying 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. An underlying 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. Declines in stock market prices generally are likely to reduce the net asset value of the Fund’s shares.

• 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.

• Market Risk – Fixed Income Securities – Typically, the market value of fixed income securities will decline during periods of rising interest rates and widening of credit spreads.

• Market Risk – Asset-Backed Securities – Asset-backed securities are subject to severe credit downgrades, illiquidity, defaults and declines in market value.

• 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 companies with smaller market capitalizations 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 capitalization.

• Liquidity Risk – Low trading volume, lack of a market maker, large size of position or legal restrictions may limit or prevent the Fund or an underlying 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.

• 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.

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

• Fund of Funds Risk – The Fund is indirectly exposed to all of the risks of an investment in the underlying Funds, including the risk that the underlying Funds in which it invests do not perform as expected.

• 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.

• Credit Risk – The Fund runs the risk that the issuer or guarantor of a fixed income security or the obligor of an obligation underlying an asset-backed security will be unable or unwilling to satisfy its obligations to pay principal or interest payments or to otherwise honor its obligations. The market value of a fixed income security normally will decline as a result of the issuer’s failure to meet its payment obligations or the market’s expectation of a default, which may result from the downgrading of the issuer’s credit rating. Below investment grade securities have speculative characteristics, and changes in economic conditions or other circumstances are more likely to impair the capacity of issuers to make principal and interest payments than is the case with issuers of investment grade securities.

• Counterparty Risk – The Fund runs the risk that the counterparty to an over-the-counter (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.

• Commodities Risk – To the extent an underlying Fund has exposure to global commodity markets, the value of its shares is affected by factors particular to the commodity markets and may fluctuate more than the value of shares of a fund with a broader range of investments.

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

• Real Estate Risk – To the extent an underlying Fund concentrates its assets in real estate-related investments, the value of its portfolio is subject to factors affecting the real estate industry and may fluctuate more than the value of a portfolio that consists of securities of companies in a broader range of industries.

• Short Sales Risk – The Fund runs the risk that an underlying Fund’s loss on a short sale of securities that the underlying Fund does not own is unlimited.

• Natural Resources Risk – To the extent an underlying fund concentrates its assets in the natural resources sector, the value of its portfolio is subject to factors affecting the natural resources industry and may fluctuate more than the value of a portfolio that consists of securities of companies in a broader range of industries.

• 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), 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
The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the Fund’s annual total returns from year to year for the periods indicated and by comparing the Fund’s average annual total returns for different calendar periods with those of a broad-based index and the Consumer Price Index. Purchase premiums and redemption fees are not reflected in the bar chart, but are reflected in the table; as a result, the returns in the table are lower than the returns in the bar chart. Returns in the table reflect current purchase premiums and redemption fees. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you are tax-exempt or if you hold your Fund shares through tax-deferred arrangements (such as a 401(k) plan or individual retirement account). Past performance (before and after taxes) is not an indication of future performance.
Annual Total Returns/Class III Shares * Years Ending December 31
Bar Chart
[1] The returns are for Class III shares of the Fund under the Fund's prior fee arrangement. Under the Fund's current fee arrangement, the returns would have been lower.

Highest Quarter: 9.19% (2Q2009)

Lowest Quarter: -6.90% (4Q2008)

Year-to-Date (as of 3/31/11): 1.92%
Average Annual Total Returns * Periods Ending December 31, 2010 [1]
Average Annual Total Returns * Periods Ending December 31, 2010 GMO BENCHMARK-FREE ALLOCATION FUND Class III, GMO Benchmark-Free Allocation Fund
Column
Label
Index No Deduction For Fees, Expenses, Taxes (for MSCI World Index, returns are net of withholding tax)
1 Year
5 Years
10 Years
Inception
Inception Date
Return Before Taxes
 Class III Return Before Taxes   4.72% [1] 7.11% [1]    [1] 12.00% [1] Jul. 23, 2003
Return After Taxes on Distributions
 Class III Return After Taxes on Distributions   4.19% [1] 4.42% [1]    [1] 9.27% [1] Jul. 23, 2003
Return After Taxes on Distributions and Sale of Fund Shares
 Class III Return After Taxes on Distributions and Sale of Fund Shares   3.14% [1] 4.86% [1]    [1] 9.18% [1] Jul. 23, 2003
MSCI World Index
 Class III MSCI World Index (returns reflect no deduction for fees or expenses, but are net of withholding tax on dividend reinvestments) 11.76% [1] 2.43% [1]    [1] 7.14% [1] Jul. 23, 2003
Consumer Price Index
 Class III Consumer Price Index (reflects no deduction for fees, expenses, or taxes) 1.25% [1] 2.18% [1]    [1] 2.47% [1] Jul. 23, 2003
[1] The returns are for Class III shares of the Fund under the Fund's prior fee arrangement. Under the Fund's current fee arrangement, the returns would have been lower.
GMO U.S. SMALL/MID CAP VALUE FUND | GMO TRUST
GMO U.S. Small/Mid Cap Value Fund

Effective January 16, 2012, GMO U.S. Small/Mid Cap Value Fund is renamed “GMO U.S. Small/Mid Cap Fund” and the first paragraph of the section captioned “Principal investment strategies” on page 16 of the Prospectus is amended and restated as follows:

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 Russell 2500 Index.

Effective January 16, 2012, the Fund’s benchmark is the Russell 2500 Index. The Russell 2500 Index is an independently maintained and widely published index that measures the performance of the small to mid-cap segment of the U.S. equity universe. The Russell 2500 is a subset of the Russell 3000 Index. It includes approximately 2500 of the smallest securities based on a combination of their market cap and current index membership. Russell Investment Group is the source and owner of the trademarks, service marks and copyrights related to the Russell Indexes. Russell® is a trademark of Russell Investment Group.
GMO TOBACCO-FREE CORE FUND AND GMO U.S. SMALL/MID CAP GROWTH FUND | GMO TRUST
GMO Tobacco-Free Core Fund and GMO U.S. Small/Mid Cap Growth Fund
The Board of Trustees of GMO Trust has approved the liquidation of GMO Tobacco-Free Core Fund and GMO U.S. Small/Mid Cap Growth Fund. It is expected that GMO Tobacco-Free Core Fund will be liquidated on or about December 31, 2011 and that GMO U.S. Small/Mid Cap Growth Fund will be liquidated on or about January 31, 2012. You may redeem from the Funds at any time, but if you are still a shareholder of a Fund on the date that the Fund is liquidated, your investment in the Fund will be liquidated and the proceeds will be transmitted to you.
GMO TAX-MANAGED U.S. EQUITIES FUND | GMO TRUST
GMO Tax-Managed U.S. Equities Fund
GMO Tax-Managed U.S. Equities Fund was liquidated on October 31, 2011.
GMO CURRENCY HEDGED INTERNATIONAL EQUITY FUND | GMO TRUST
GMO Currency Hedged International Equity Fund

The first two sentences of the section captioned “Principal investment strategies” on page 73 of the Prospectus are amended and restated as follows:

The Fund is a fund of funds and invests primarily in other GMO Funds. The Fund may invest in International Core Equity Fund, International Intrinsic Value Fund, International Large/Mid Cap Value Fund, International Growth Equity Fund, International Small Companies Fund, Asset Allocation International Small Companies Fund, and Flexible Equities Fund (collectively, the “underlying Funds”).
GMO STRATEGIC FIXED INCOME FUND | GMO TRUST
GMO Strategic Fixed Income Fund
Effective December 9, 2011, the Fund charges a purchase premium and a redemption fee, which will be paid to and retained by the Fund to help offset non-de minimis estimated portfolio transaction costs and other related costs incurred by the Fund as a result of a purchase or redemption of its shares by allocating estimated transaction costs to the purchasing or redeeming shareholder. The following table is added to the section captioned “Fees and expenses” on page 85 of the Prospectus:
Shareholder fees (fees paid directly from your investment)
Shareholder Fees GMO STRATEGIC FIXED INCOME FUND
Class III, GMO Strategic Fixed Income Fund
Class VI, GMO Strategic Fixed Income Fund
Shareholder Fees Column [Text] Class III Class VI
Purchase premium (as a percentage of amount invested) 0.20% 0.20%
Redemption fee (as a percentage of amount redeemed) 0.20% 0.20%
In addition, the section captioned “Example” on page 85 is replaced with the following:
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 $10,000 in the Fund for the time periods indicated. The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same as those shown in the table. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Expense Example GMO STRATEGIC FIXED INCOME FUND
Expense Example by, Year, Caption [Text]
Expense Example, By Year, Column [Text]
1 Year
3 Years
5 Years
10 Years
Expense Example, No Redemption, By Year, Caption [Text]
Expense Example, No Redemption, By Year, Column [Text]
1 Year
3 Years
5 Years
10 Years
GMO TRUST
 If you sell your shares           If you do not sell your shares          
Class III, GMO Strategic Fixed Income Fund USD ($)
   Class III 84 [1] 193 312 659   Class III 63 [1] 170 287 628
Class VI, GMO Strategic Fixed Income Fund USD ($)
   Class VI 75 [1] 162 257 537   Class VI 54 [1] 139 232 506
[1] After reimbursement
GMO GLOBAL BALANCED ASSET ALLOCATION FUND | GMO TRUST
GMO Global Balanced Asset Allocation Fund
Effective September 15, 2011 (the “Effective Date”), GMO Global Balanced Asset Allocation Fund was renamed “GMO Global Asset Allocation Fund.” In conjunction with the name change, as of the Effective Date, the Fund is no longer bound by its policy to invest at least 25% of its assets in fixed income investments and at least 25% of its assets in equity investments, and the description of the Fund’s principal investment strategies on page 132 of the Prospectus is replaced with the following:
Principal investment strategies

The Fund is a fund of funds and invests primarily in shares of other GMO Funds, which may include the International Equity Funds, the U.S. Equity Funds, the Fixed Income Funds, Alpha Only Fund, Alternative Asset Opportunity Fund, Debt Opportunities Fund, High Quality Short-Duration Bond Fund, Special Situations Fund and World Opportunity Overlay Fund (collectively, the “underlying Funds”) (see “Additional Information About the Funds’ Investment Strategies, Risks, and Expenses – Asset Allocation Funds”). In addition, the Fund may hold securities (particularly asset-backed securities) directly or through one or more subsidiaries or other entities. The Fund may be exposed to foreign and U.S. equity investments (which may include emerging country equities, both growth and value style equities and equities of any market capitalization), U.S. and foreign fixed income securities (including asset-backed securities and other fixed income securities of any credit quality and having any maturity or duration), the investment returns of commodities and, from time to time, other alternative asset classes.

The Manager uses multi-year forecasts of relative value and risk among asset classes (e.g., foreign equity, U.S. equity, emerging country equity, emerging country debt, U.S. fixed income, foreign fixed income and commodities) to select the underlying Funds in which the Fund invests and to decide how much to invest in each. The Manager changes the Fund’s holdings of underlying Funds in response to changes in its investment outlook and market valuations and may use redemption/purchase activity to rebalance the Fund’s investments. Under normal circumstances, the Manager intends to invest not more than 85% of the Fund’s assets in the U.S. Equity and International Equity Funds.

For cash management purposes, the Fund may invest in U.S. Treasury Fund and unaffiliated money market funds.
GMO EMERGING DOMESTIC OPPORTUNITIES FUND | GMO TRUST
GMO Emerging Domestic Opportunities Fund

Footnote 2 to the table captioned “Annual Fund operating expenses” on page 64 of the Prospectus is amended and restated as follows:

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 0.75% of the Fund’s average daily net assets. Excluded Fund Fees and Expenses include (i) shareholder service fees, (ii) underlying fund expenses, (iii) any portion of the Fund’s annual custodial fees that exceeds 0.10% of the Fund’s average daily net assets, (iv) independent Trustee expenses, (v) certain legal costs, (vi) investment-related costs (e.g., brokerage commissions and securities lending fees), (vii) extraordinary expenses, and other expenses described under “Expense Reimbursement” in this Prospectus. This expense limitation will continue through at least June 30, 2012, and may not be terminated prior to this date without the consent of the Fund’s Board of Trustees.
[1] The returns are for Class III shares of the Fund under the Fund's prior fee arrangement. Under the Fund's current fee arrangement, the returns would have been lower.
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