Exhibit (i)

September 29, 2026
GMO Trust
53 State Street
Boston, MA 02109
| Re: | ETF Class shares of Certain Series of GMO Trust |
Ladies and Gentlemen:
We are furnishing this opinion in connection with the proposed offer and sale by GMO Trust, a Massachusetts business trust (the “Trust”), of shares of beneficial interest (“Shares”) of ETF Class shares (the “New Class”) of each series of the Trust listed on Schedule A hereto (each, a “Fund” and collectively, the “Funds”) pursuant to the Trust’s Registration Statement on Form N-1A under the Securities Act of 1933, as amended, (File No. 002-98772) and the Investment Company Act of 1940, as amended (File No. 811-04347) (the “Registration Statement”).
We are familiar with the actions taken by the Trustees of the Trust to authorize the issuance and sale to the public from time to time of authorized and unissued Shares of the New Class. We have examined or relied upon a copy of the Trust’s Amended and Restated Agreement and Declaration of Trust, as amended (the “Declaration of Trust”), on file in the offices of the Secretary of The Commonwealth of Massachusetts and the Clerk of the City of Boston and as certified by the Clerk of the Trust; a copy of the Trust’s Amended and Restated By-Laws, as certified by the Clerk of the Trust; copies of the resolutions relating to the New Class adopted at the meeting of the Trustees of the Trust held on June 25, 2026, as certified by the Clerk of the Trust; copies of the resolutions relating to the New Class adopted at the meeting of the Trustees of the Trust held on September 17, 2026, as certified by the Clerk of the Trust; and such other documents as we deem necessary for purposes of this opinion.
Based upon the foregoing, we are of the opinion that the issue and sale by the Trust of the authorized but unissued Shares of the New Class have been duly authorized under Massachusetts law. Upon the original issue and sale of any such authorized but unissued Shares of the New Class and upon receipt by the Trust of the authorized consideration therefor in an amount not less than the applicable net asset value, the Shares so issued will be validly issued, fully paid and nonassessable by the Trust.
| GMO Trust | -2- | September 29, 2026 |
The Trust is an entity of the type commonly known as a “Massachusetts business trust.” Under Massachusetts law, shareholders could, under certain circumstances, be held personally liable for the obligations of the Trust. However, the Declaration of Trust disclaims shareholder liability for acts or obligations of the Trust and requires that notice of such disclaimer be given in each note, bond, contract, instrument, certificate or undertaking made or issued on behalf of the Trust by the Trustees of the Trust, by any officer or officers of the Trust, or otherwise. The Declaration of Trust provides for indemnification out of the property of a particular series of the Trust for all loss and expense of any shareholder of that series held personally liable for the obligations of that series solely by reason of his or her being or having been a shareholder of that series. Thus, the risk of a shareholder’s incurring financial loss on account of being a shareholder of a series is limited to circumstances in which the series itself would be unable to meet its obligations.
We consent to the filing of this opinion with and as part of the Registration Statement.
Very truly yours,
| /s/ Ropes & Gray LLP | |
| Ropes & Gray LLP |
| cc: | Philip Zachos, Esq., Grantham, Mayo, Van Otterloo & Co. LLC |
Douglas Y. Charton, Esq., Grantham, Mayo, Van Otterloo & Co. LLC
| GMO Trust | -3- | September 29, 2026 |
Schedule A
GMO Alternative Allocation Fund
GMO Benchmark-Free Allocation Fund
GMO Emerging Country Debt Fund
GMO Emerging Markets ex-China Fund
GMO Emerging Markets Fund
GMO Global Asset Allocation Fund
GMO Global Developed Equity Allocation Fund
GMO Global Equity Allocation Fund
GMO High Yield Fund
GMO International Developed Equity Allocation Fund
GMO International Equity Allocation Fund
GMO International Equity Fund
GMO Multi-Asset Credit Fund
GMO Opportunistic Income Fund
GMO Quality Fund
GMO U.S. Equity Fund
GMO U.S. Small Cap Value Fund
GMO U.S. Treasury Fund