Filed pursuant to Rule 497(e)
File Nos. 002-98772 and 811-04347
GMO TRUST
Supplement dated November 13, 2012 to the
GMO Risk Premium Fund Prospectus dated September 25, 2012
GMO Risk Premium Fund
Effective November 13, 2012, the Fund charges a purchase premium of 0.15% of the amount invested and a redemption fee of 0.15% of the amount redeemed. Immediately prior to November 13, 2012, the Fund charged a purchase premium of 0.25% and a redemption fee of 0.25%. The section captioned Shareholder fees on page 1 of the Prospectus is replaced with the following:
Shareholder fees
(fees paid directly from your investment)
Class III | Class IV | Class V | Class VI | |||||||||||||
Purchase premium (as a percentage of amount invested) |
0.15 | % | 0.15 | % | 0.15 | % | 0.15 | % | ||||||||
Redemption fee (as a percentage of amount redeemed) |
0.15 | % | 0.15 | % | 0.15 | % | 0.15 | % |
In addition, the section captioned Example on pages 1-2 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 Funds 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 sell your shares | If you do not sell your shares | |||||||||||||||
1 Year | 3 Years | 1 Year | 3 Years | |||||||||||||
Class III |
$ | 152 | $ | 409 | $ | 136 | $ | 392 | ||||||||
Class IV |
$ | 147 | $ | 393 | $ | 131 | $ | 377 | ||||||||
Class V |
$ | 146 | $ | 390 | $ | 130 | $ | 374 | ||||||||
Class VI |
$ | 143 | $ | 381 | $ | 127 | $ | 364 |