Net Asset Value (NAV) as of 05-17-2013 – Share Class A
NAV	$11.11
$ Change	$0.06
% Change	0.54%

Cumulative & Annualized Total Returns 1 – Share Class A
					Annualized Total Returns
Performance Type		Last 3 Months		Year To Date		1-Year		3-Year		5-Year		10-Year		Since Inception
NAV as of 04-30-2013		3.33%		5.43%		9.81%		6.35%		5.66%		–		9.96%
POP as of 04-30-2013		-2.60%		-0.64%		3.46%		4.27%		4.42%		–		9.30%
POP as of 03-31-2013		-2.47%		-2.47%		0.60%		3.64%		4.19%		–		9.17%
Figures quoted represent past performance, which is no guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance shown without sales charges would be lower if sales charges were reflected. Current performance may be lower or higher than the performance data quoted and assumes the reinvestment of dividends and capital gains. Public offering price (POP) is the price of one share of a fund including any sales charges. Net asset value (NAV) is the value of one share of the fund excluding any sales charges. Had sales charges been included, performance would be lower. Returns for periods of less than one year are not annualized. For Class A shares, the maximum front-end sales charge is 5.75%. Performance including sales charge assumes the sales charge for the corresponding time period.

Expenses – Share Class A
Net Expense Ratio effective since 02-01-2013	1.69%
Gross Expense Ratio	1.69%
The advisor has committed, through 2-28-14, to waive fees and/or reimburse expenses to the extent necessary to cap the fund's total annual fund operating expenses after fee waiver, excluding brokerage commissions, interest, taxes, extraordinary expenses, and the expenses of any money market fund or other fund held by the fund (including the expenses of the GMO Benchmark-Free Allocation Fund), at 0.80%. After this time, such cap may be changed or the commitment to maintain the cap may be terminated only with the approval of the Board of Trustees. Without this cap, the fund's returns would have been lower.

Commissions & Breakpoints  (Excludes no-load share classes.) Click here to view

Morningstar Rating 2 – Share Class A		Lipper Total Return Rankings – Share Class A
Based on risk-adjusted returns as of 04-30-2013 Category World Allocation Overall (out of 289 funds) N/A 3-Year (out of 289 funds) N/A 5-Year (out of 202 funds) N/A 10-Year (out of 97 funds) N/A The Overall Morningstar Rating for a fund is derived from a weighted-average of the performance figures associated with its three-, five- and ten-year (if applicable) ratings.		as of 04-30-2013 Category Lipper Absolute Return Funds 1 - Year 31 out of 309 Lipper rankings do not include the effects of sales charges. Past performance is no guarantee of future results.

Benchmark Returns3,4,5 as of 04-30-2013
						Average Annual Total Returns
Performance Type		Last 3 Months		Year To Date		1-Year		3-Year		5-Year		10-Year
BofA Merrill Lynch 3 Month U.S. Treasury Bill Index		0.03%		0.03%		0.12%		0.11%		0.33%		1.75%
MSCI World Index (Net)		5.74%		11.13%		16.70%		9.59%		1.81%		8.29%
Lipper Absolute Return Funds Average		1.22%		2.24%		4.31%		2.66%		1.70%		3.04%

Calendar Year Returns1 – Share Class A

Does not include sales charges, and assumes reinvestment of dividends and capital gains.

1 The inception date of Class A shares was 3-1-12. Historical performance shown for Class A prior to their inception is based on the performance of the Class III shares of the Benchmark-Free Allocation Fund (GBMFX), the GMO fund in which the fund invests substantially all of its investable assets. Returns for the Class III shares have been adjusted downward to reflect the higher expenses applicable to Class A at their inception. The Benchmark-Free Allocation Fund incepted on 7-23-03.

2 For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) Past performance is no guarantee of future results.

3 The BofA Merrill Lynch 1-3 Month US Treasury Bill Index is a measure of performance of Treasury bills with a remaining term to final maturity of less than 3 months. Treasury bills are guaranteed by the U.S. Government and, if held to maturity, offer a fixed rate of return and fixed principal value. You cannot invest directly in an index.

4 The Morgan Stanley Capital International World Index (the "MSCI World Index") is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed markets. You cannot invest directly in an index. Source: MSCI. MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used as a basis for other indices or any securities or financial products. This report is not approved, reviewed or produced by MSCI.

5 The Lipper Absolute Return Funds average is an average of funds that aim for positive returns in all market conditions. The funds are not benchmarked against a traditional long-only market index but rather have the aim of outperforming a cash or risk-free benchmark. You cannot invest directly in a Lipper Average.