Morningstar

GMO Implementation Fund GIMFX

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Strategy

The investment seeks positive total return, not relative return. The adviser seeks to achieve the fund’s investment objective by investing the fund’s assets in asset classes GMO believes offer the most attractive risk-adjusted returns. As an alternative to investing directly in securities, it may invest in exchange-traded and over-the-counter (OTC) derivatives (e.g., selling put options on securities) and exchange-traded funds (ETFs). The fund also may invest in derivatives and ETFs in an attempt to obtain or adjust elements of its long or short investment exposure.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
GIMFX	GMO Implementation Fund	Institutional	Open	—	—	Mar 1, 2012	$2.41B	0.030%	Low	$1M	−$9.87M

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