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Benchmark-Free Allocation Strategy

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Global Allocation Absolute Return Strategy

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Global Asset Allocation Strategy

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Real Return Global Balanced Asset Allocation Strategy

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Equities

Climate Change Strategy

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Emerging Markets Strategy

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Emerging Markets ex-China Strategy

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Emerging Markets Select Equity Strategy

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Global All Country Equity Allocation Strategy

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Global Developed Equity Allocation Strategy

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Horizons Strategy

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International All Country Equity Allocation Strategy

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International Developed Equity Allocation Strategy

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International Equity Strategy

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International Opportunistic Value Strategy

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Quality Strategy

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Quality Cyclicals Strategy

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Resource Transition Strategy

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Resources Strategy

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Small Cap Quality Strategy

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U.S. Equity Strategy

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Commentary & Attribution

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U.S. Opportunistic Value Strategy

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Deep Value: Cheap with Strong Fundamentals Preliminary as of 3/31/2024 Download
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Commentary & Attribution

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U.S. Quality Strategy

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Commentary & Attribution

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U.S. Small Cap Value Strategy

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Commentary & Attribution

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Usonian Japan Value Strategy

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Commentary & Attribution

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Usonian Japan Value Creation Strategy

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Alternatives

Alternative Allocation Strategy

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Equity Dislocation Strategy

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Commentary & Attribution

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Event-Driven Strategy

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Commentary & Attribution

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Fixed Income Absolute Return Strategy

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Commentary & Attribution

Multi-Strategy

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Quality Spectrum Strategy

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Risk Premium Strategy

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Systematic Global Macro Strategy

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Commentary & Attribution

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Systematic Global Macro Major Markets Strategy

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Commentary & Attribution

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Fixed Income

Emerging Country Debt Strategy

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Commentary & Attribution

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Emerging Country Local Debt Strategy

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High Yield Strategy

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Multi-Sector Fixed Income Strategy

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Commentary & Attribution

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Opportunistic Income Strategy

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Commentary & Attribution

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Systematic Investment Grade Credit Strategy

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U.S. Treasury Strategy

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Disclosures

An investor should consider the fund’s investment objectives, risks, charges and expenses before investing. This and other important information can be found in the fund’s prospectus. Read the prospectus carefully before investing. See prospectus above.

The GMO Trust funds are distributed in the United States by Funds Distributor LLC. GMO and Funds Distributor LLC are not affiliated.