Prospectus by Investment Company - Form 497

GMO TRUST

Supplement dated November 8, 2024, to the

GMO Trust Statement of Additional Information dated June 30, 2024 ("SAI")

Effective October 25, 2024, Donald Glazer is no longer a Trustee of the Trust. All references to Mr. Glazer are removed from the SAI.

Effective November 7, 2024, Paul Braverman is Chairman of the Board of Trustees and a member of the Pricing Committee, and Peter Tufano is a member and Chairman of the Governance Committee. All relevant sections of the SAI are updated to reflect the foregoing.