# EDGAR Filing Document

**Accession Number:** 0001981627
**File Stem:** 0001104659-26-004446
**Filing Date:** 2026-1
**Character Count:** 55933
**Document Hash:** 40d395e89aba33338ce5a30cc52664f2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-26-004446.hdr.sgml**: 20260116

**ACCESSION NUMBER**: 0001104659-26-004446

**CONFORMED SUBMISSION TYPE**: POS EX

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20260116

**DATE AS OF CHANGE**: 20260116

**EFFECTIVENESS DATE**: 20260116

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** GMO ETF Trust
- **CENTRAL INDEX KEY:** 0001981627

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** POS EX
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-274096
- **FILM NUMBER:** 26538544

**BUSINESS ADDRESS:**
- **STREET 1:** 53 STATE STREET
- **STREET 2:** FLOOR 33
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02109
- **BUSINESS PHONE:** 212-309-6231

**MAIL ADDRESS:**
- **STREET 1:** 53 STATE STREET
- **STREET 2:** FLOOR 33
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02109

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** 2023 ETF Series Trust II
- **DATE OF NAME CHANGE:** 20230614

1933 Act File No. 333-274096

1940 Act file No. 811-23895

As filed with the Securities and Exchange Commission on JANUARY 16, 2026

**SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON, D.C. 20549**

**FORM N-1A**

---

| | |
|:---|:---|
| **REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933** | ☒ |
| Pre-Effective Amendment No. | ☐ |
| Post-Effective Amendment No. 8 | ☒ |
| And/or |  |
| **REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940** | ☒ |
| Amendment No. 10 | ☒ |

---

**GMO ETF TRUST**

(Exact Name of Registrant as Specified in Charter)

53 State Street, Floor 33, Boston, Massachusetts 02109

(Address of Principal Executive Offices)

(617) 330-7500

(Registrant's Telephone Number, including area code)

The Corporation Trust Company

1209 Orange Street

Wilmington, Delaware 19801

(Name and Address of Agent for Service)

*With a copy to:*

Douglas Y. Charton, Esq.

GMO ETF Trust

53 State Street, Floor 33

Boston, Massachusetts 02109

Thomas R. Hiller, Esq.

Ropes & Gray LLP

Prudential Tower

800 Boylston Street

Boston, Massachusetts 02199

It is proposed that this filing will become effective immediately upon filing pursuant to Rule 462(d) under the Securities Act of 1933, as amended (the "Securities Act").

This filing relates solely to the ten series of the Registrant listed on the front cover of the GMO ETF Trust prospectus dated October 28, 2025, as filed with Post-Effective Amendment No. 7 to the Registrant's Registration Statement on Form N-1A (File No. 333-274096) on October 28, 2025, pursuant to Rule 485(b) under the Securities Act. No information contained herein is intended to amend or supersede any prior filing relating to any other series of the Registrant.

**EXPLANTORY NOTE**

Post-Effective Amendment No. 7 to the Registration Statement on Form N-1A (File No. 333-274096) (the "Registration Statement") of GMO ETF Trust (the "Registrant") was filed on October 28, 2025, pursuant to Rule 485(b) under the Securities Act of 1933, as amended (the "Securities Act").

This Post-Effective Amendment No. 8 is being filed pursuant to Rule 462(d) under the Securities Act for the purpose of adding Exhibit (q)(2) to Post-Effective Amendment No. 7. Pursuant to Rule 462(d) under the Securities Act, this Post-Effective Amendment No. 8 shall become effective immediately upon filing with the Securities and Exchange Commission. The contents of Part A and Part B of Post-Effective Amendment No. 7 are incorporated herein by reference.

**PART C: OTHER INFORMATION**

---

| | |
|:---|:---|
| **<u>Item 28</u>.** | **<u>Exhibits</u>** |

---

---

| | |
|:---|:---|
| (a)(1) | [Certificate of Trust of The 2023 ETF Series Trust II (the "Registrant" or the "Trust"), dated June 13, 2023, as filed with the State of Delaware on June 14, 2023, is incorporated herein by reference to Exhibit (a)(1) to the Registrant's initial registration statement on Form N-1A (File Nos. 333-274096 and 811-23895), as filed with the U.S. Securities and Exchange Commission (the "SEC") on August 21, 2023.](https://www.sec.gov/Archives/edgar/data/1981627/000139834423015328/fp0084874-1_ex9928a1.htm) |

---

---

| | |
|:---|:---|
| (a)(2) | [Amendment to Certificate of Trust of the Registrant, dated October 17, 2025, as filed with the State of Delaware on October 28, 2025, as filed with the SEC on October 28, 2025.](https://www.sec.gov/Archives/edgar/data/1981627/000110465925103138/tm2528701d1_ex99-xax2.htm) |

---

---

| | |
|:---|:---|
| (a)(3) | [Declaration of Trust of the Registrant, dated June 13, 2023, is incorporated herein by reference to Exhibit (a)(2) to the Registrant's initial registration Statement on Form N-1A (File Nos. 333-274096 and 811-23895), as filed with the SEC on August 21, 2023.](https://www.sec.gov/Archives/edgar/data/1981627/000139834423015328/fp0084874-1_ex9928a2.htm) |

---

---

| | |
|:---|:---|
| (a)(4) | [Amended and Restated Declaration of Trust of the Registrant, dated August 21, 2023, is incorporated herein by reference to Exhibit (a)(3) to Pre-Effective Amendment No. 1 to the Registrant's registration statement on Form N-1A (File Nos. 333-274096 and 811-23895), as filed with the SEC on October 11, 2023](https://www.sec.gov/Archives/edgar/data/1981627/000139834423019143/fp0085319-1_ex9928a3.htm). |

---

---

| | |
|:---|:---|
| (a)(5) | [Second Amended and Restated Declaration of Trust of the Registrant, dated October 13, 2023 (the "Second Amended and Restated Declaration of Trust"), is incorporated herein by reference to Exhibit (a)(4) to Pre-Effective Amendment No. 2 to the Registrant's registration statement on Form N-1A (File Nos. 333-274096 and 811-23895), as filed with the SEC on October 26, 2023](https://www.sec.gov/Archives/edgar/data/0001981627/000139834423019789/fp0085736-1_ex9928a4.htm). |

---

---

| | |
|:---|:---|
| (a)(6) | [Amendment, dated August 19, 2024, to the Second Amended and Restated Declaration of Trust is incorporated herein by reference to Exhibit (a)(5) to Post-Effective Amendment No. 2 to the Registrant's registration statement on Form N-1A (File Nos. 333-274096 and 811-23895), as filed with the SEC on October 25, 2024.](https://www.sec.gov/Archives/edgar/data/0001981627/000139834424019451/fp0090625-1_ex9928a5.htm) |

---

(b) [Registrant's Bylaws, dated June 13, 2023, are incorporated herein by reference to Exhibit (b) to the Registrant's initial registration statement on Form N-1A (File Nos. 333-274096 and 811-23895), as filed with the SEC on August 21, 2023.](https://www.sec.gov/Archives/edgar/data/1981627/000139834423015328/fp0084874-1_ex9928b.htm)

(c) Not applicable.

---

| | |
|:---|:---|
| (d)(1) | [Investment Advisory Agreement, dated October 16, 2023, between the Registrant and Grantham, Mayo, Van Otterloo & Co. LLC (the "GMO Advisory Agreement") is incorporated herein by reference to Exhibit (d) to Pre-Effective Amendment No. 2 to the Registrant's registration statement on Form N-1A (File Nos. 333-274096 and 811-23895), as filed with the SEC on October 26, 2023.](https://www.sec.gov/Archives/edgar/data/1981627/000139834423019789/fp0085736-1_ex9928d.htm) |

---

(d)(2) [Schedule A, dated August 20, 2025, to the GMO Advisory Agreement, as filed with the SEC on October 28, 2025.](https://www.sec.gov/Archives/edgar/data/1981627/000110465925103138/tm2528701d1_ex99-xdx2.htm)

---

| | |
|:---|:---|
| (d)(3) | [Notification of Undertaking to Reimburse Selected Fund Expenses and Waive Selected Fees, dated August 20, 2025 is incorporated herein by reference to Exhibit (d)(3) to Post-Effective Amendment No. 6 to the Registrant's registration statement on Form N-1A (File Nos. 333-274096 and 811-23895), as filed with the SEC on August 20, 2025.](https://www.sec.gov/Archives/edgar/data/1981627/000110465925080885/tm2517330d2_ex99-xdx3.htm) |

---

---

| | |
|:---|:---|
| (e)(1) | [ETF Distribution Agreement, dated October 4, 2023, between the Registrant and Foreside Fund Services, LLC (the "Distribution Agreement") is incorporated herein by reference to Exhibit (e)(1) to Pre-Effective Amendment No. 2 to the Registrant's registration statement on Form N-1A (File Nos. 333-274096 and 811-23895), as filed with the SEC on October 26, 2023.](https://www.sec.gov/Archives/edgar/data/0001981627/000139834423019789/fp0085736-1_ex9928e1.htm) |

---

---

| | |
|:---|:---|
| (e)(2) | [Fifth Amendment and revised Exhibit A, effective August 20, 2025, to the Distribution Agreement is incorporated herein by reference to Exhibit (e)(2) to Post-Effective Amendment No. 6 to the Registrant's registration statement on Form N-1A (File Nos. 333-274096 and 811-23895), as filed with the SEC on August 20, 2025.](https://www.sec.gov/Archives/edgar/data/1981627/000110465925080885/tm2517330d2_ex99-xex2.htm) |

---

---

| | |
|:---|:---|
| (e)(3) | [Form of Authorized Participant Agreement is incorporated herein by reference to Exhibit (e)(2) to Pre-Effective Amendment No. 2 to the Registrant's registration statement on Form N-1A (File Nos. 333-274096 and 811-23895), as filed with the SEC on October 26, 2023.](https://www.sec.gov/Archives/edgar/data/0001981627/000139834423019789/fp0085736-1_ex9928e2.htm) |

---

(f) Not applicable.

---

| | |
|:---|:---|
| (g)(1) | [Custody Agreement, dated October 10, 2023, between the Registrant and State Street Bank and Trust Company (the "Custody Agreement") is incorporated herein by reference to Exhibit (g) to Pre-Effective Amendment No. 2 to the Registrant's registration statement on Form N-1A (File Nos. 333-274096 and 811-23895), as filed with the SEC on October 26, 2023.](https://www.sec.gov/Archives/edgar/data/1981627/000139834423019789/fp0085736-1_ex9928g.htm) |

---

---

| | |
|:---|:---|
| (g)(2) | [Letter Amendment, dated October 22, 2024, to the Custody Agreement is incorporated herein by reference to Exhibit (g)(2) to Post-Effective Amendment No. 3 to the Registrant's registration statement on Form N-1A (File Nos. 333-274096 and 811-23895), as filed with the SEC on October 28, 2024.](https://www.sec.gov/Archives/edgar/data/0001981627/000110465924111774/tm2421561d3_ex99-xgx2.htm) |

---

---

| | |
|:---|:---|
| (g)(3) | [Letter Amendment, dated August 8, 2025, to the Custody Agreement is incorporated herein by reference to Exhibit (g)(3) to Post-Effective Amendment No. 6 to the Registrant's registration statement on Form N-1A (File Nos. 333-274096 and 811-23895), as filed with the SEC on August 20, 2025.](https://www.sec.gov/Archives/edgar/data/1981627/000110465925080885/tm2517330d2_ex99-xgx3.htm) |

---

(g)(4) [Letter Amendment, dated September 9, 2025, to the Custody Agreement, as filed with the SEC on October 28, 2025.](https://www.sec.gov/Archives/edgar/data/1981627/000110465925103138/tm2528701d1_ex99-xgx4.htm)

---

| | |
|:---|:---|
| (h)(1) | [Administration Agreement, dated October 10, 2023, between the Registrant and State Street Bank and Trust Company (the "Administration Agreement") is incorporated herein by reference to Exhibit (h)(1) to Pre-Effective Amendment No. 2 to the Registrant's registration statement on Form N-1A (File Nos. 333-274096 and 811-23895), as filed with the SEC on October 26, 2023.](https://www.sec.gov/Archives/edgar/data/0001981627/000139834423019789/fp0085736-1_ex9928h1.htm) |

---

---

| | |
|:---|:---|
| (h)(2) | [Transfer Agency and Service Agreement, dated October 10, 2023, between the Registrant and State Street Bank and Trust Company (the "Transfer Agency and Service Agreement") is incorporated herein by reference to Exhibit (h)(2) to Pre-Effective Amendment No. 2 to the Registrant's registration statement on Form N-1A (File Nos. 333-274096 and 811-23895), as filed with the SEC on October 26, 2023.](https://www.sec.gov/Archives/edgar/data/0001981627/000139834423019789/fp0085736-1_ex9928h2.htm) |

---

---

| | |
|:---|:---|
| (h)(3) | [Letter Amendment, dated October 22, 2024, to the Administration Agreement and Transfer Agency and Service Agreement is incorporated herein by reference to Exhibit (h)(3) to Post-Effective Amendment No. 3 to the Registrant's registration statement on Form N-1A (File Nos. 333-274096 and 811-23895), as filed with the SEC on October 28, 2024.](https://www.sec.gov/Archives/edgar/data/0001981627/000110465924111774/tm2421561d3_ex99-xhx3.htm) |

---

---

| | |
|:---|:---|
| (h)(4) | [Letter Amendment, dated August 8, 2025, to the Administration Agreement and Transfer Agency and Service Agreement is incorporated herein by reference to Exhibit (h)(4) to Post-Effective Amendment No. 6 to the Registrant's registration statement on Form N-1A (File Nos. 333-274096 and 811-23895), as filed with the SEC on August 20, 2025.](https://www.sec.gov/Archives/edgar/data/1981627/000110465925080885/tm2517330d2_ex99-xhx4.htm) |

---

(h)(5) [Letter Amendment, dated September 9, 2025, to the Administration Agreement and Transfer Agency and Service Agreement, as filed with the SEC on October 28, 2025.](https://www.sec.gov/Archives/edgar/data/1981627/000110465925103138/tm2528701d1_ex99-xhx5.htm)

---

| | |
|:---|:---|
| (h)(6) | [Ancillary Services Agreement, dated July 21, 2025, between the Trust and Grantham, Mayo, Van Otterloo & Co. LLC is incorporated herein by reference to Exhibit (h)(5) to Post-Effective Amendment No. 6 to the Registrant's registration statement on Form N-1A (File Nos. 333-274096 and 811-23895), as filed with the SEC on August 20, 2025.](https://www.sec.gov/Archives/edgar/data/1981627/000110465925080885/tm2517330d2_ex99-xhx5.htm) |

---

---

| | |
|:---|:---|
| (i)(1) | [Opinion and consent of counsel, Morgan, Lewis & Bockius LLP, relating to the GMO U.S. Quality ETF, is incorporated herein by reference to Exhibit (i)(1) to Pre-Effective Amendment No. 2 to the Registrant's registration statement on Form N-1A (File Nos. 333-274096 and 811-23895), as filed with the SEC on October 26, 2023.](https://www.sec.gov/Archives/edgar/data/0001981627/000139834423019789/fp0085736-1_ex9928i1.htm) |

---

---

| | |
|:---|:---|
| (i)(2) | [Consent to use of name of Morgan, Lewis & Bockius LLP, relating to the GMO U.S. Quality ETF, is incorporated herein by reference to Exhibit (i)(2) to Pre-Effective Amendment No. 2 to the Registrant's registration statement on Form N-1A (File Nos. 333-274096 and 811-23895), as filed with the SEC on October 26, 2023.](https://www.sec.gov/Archives/edgar/data/0001981627/000139834423019789/fp0085736-1_ex9928i2.htm) |

---

---

| | |
|:---|:---|
| (i)(3) | [Opinion and consent of counsel, Morgan Lewis & Bockius LLP, relating to the GMO International Quality ETF, GMO International Value ETF, GMO U.S. Value ETF, GMO Beyond China ETF, and GMO Systematic Investment Grade Credit ETF, is incorporated herein by reference to Exhibit (i)(3) to Post-Effective Amendment No. 3 to the Registrant's registration statement on Form N-1A (File Nos. 333-274096 and 811-23895), as filed with the SEC on October 28, 2024.](https://www.sec.gov/Archives/edgar/data/0001981627/000110465924111774/tm2421561d3_ex99-xix3.htm) |

---

---

| | |
|:---|:---|
| (i)(4) | [Opinion and consent of Counsel, Morgan Lewis & Bockius LLP, relating to the GMO Horizons ETF, GMO Dynamic Allocation ETF, GMO Domestic Resilience ETF, and GMO Ultra-Short Income ETF, as filed with the SEC on August 20, 2025.](https://www.sec.gov/Archives/edgar/data/1981627/000110465925080885/tm2517330d2_ex99-xix4.htm) |

---

(j) [Consent of Independent Registered Public Accounting Firm, as filed with the SEC on October 28, 2025.](https://www.sec.gov/Archives/edgar/data/1981627/000110465925103138/tm2528701d1_ex99-xj.htm)

(k) Not applicable.

---

| | |
|:---|:---|
| (l)(1) | [Subscription Agreement, dated October 13, 2023, is incorporated herein by reference to Exhibit (l)(1) to Pre-Effective Amendment No. 2 to the Registrant's registration statement on Form N-1A (File Nos. 333-274096 and 811-23895), as filed with the SEC on October 26, 2023.](https://www.sec.gov/Archives/edgar/data/0001981627/000139834423019789/fp0085736-1_ex9928l1.htm) |

---

---

| | |
|:---|:---|
| (l)(2) | [Subscription Agreement, dated October 13, 2023, is incorporated herein by reference to Exhibit (l)(2) to Pre-Effective Amendment No. 2 to the Registrant's registration statement on Form N-1A (File Nos. 333-274096 and 811-23895), as filed with the SEC on October 26, 2023.](https://www.sec.gov/Archives/edgar/data/1981627/000139834423019789/fp0085736-1_ex9928l2.htm) |

---

---

| | |
|:---|:---|
| (m)(1) | [Plan of Distribution Pursuant to Rule 12b-1 (the "12b-1 Plan") is incorporated herein by reference to Exhibit (m) to Pre-Effective Amendment No. 1 to the Registrant's registration statement on Form N-1A (File Nos. 333-274096 and 811-23895), as filed with the SEC on October 11, 2023.](https://www.sec.gov/Archives/edgar/data/1981627/000139834423019143/fp0085319-1_ex9928m.htm) |

---

---

| | |
|:---|:---|
| (m)(2) | [Revised Schedule A to the 12b-1 Plan, as of August 20, 2025, is incorporated herein by reference to Exhibit (m)(2) to Post-Effective Amendment No. 6 to the Registrant's registration statement on Form N-1A (File Nos. 333-274096 and 811-23895), as filed with the SEC on August 20, 2025.](https://www.sec.gov/Archives/edgar/data/1981627/000110465925080885/tm2517330d2_ex99-xmx2.htm) |

---

(n) Not applicable.

(o) Not applicable.

---

| | |
|:---|:---|
| (p)(1) | [Code of Ethics of the Registrant is incorporated herein by reference to Exhibit (p)(1) to Pre-Effective Amendment No. 1 to the Registrant's registration statement on Form N-1A (File Nos. 333-274096 and 811-23895), as filed with the SEC on October 11, 2023.](https://www.sec.gov/Archives/edgar/data/1981627/000139834423019143/fp0085319-1_ex9928p1.htm) |

---

---

| | |
|:---|:---|
| (p)(2) | [Code of Ethics of Grantham, Mayo, Van Otterloo & Co. LLC, as last revised November 1, 2023, is incorporated herein by reference to Exhibit (p)(2) to Post-Effective Amendment No. 2 to the Registrant's registration statement on Form N-1A (File Nos. 333-274096 and 811-23895), as filed with the SEC on October 25, 2024](https://www.sec.gov/Archives/edgar/data/1981627/000139834424019451/fp0090625-1_ex9928p2.htm). |

---

(q)(1) [Power of Attorney relating to Paul Braverman, Enrique Chang, Dian Santoro, and Peter Tufano, dated October 17, 2025, as filed with the SEC on October 28, 2025.](https://www.sec.gov/Archives/edgar/data/1981627/000110465925103138/tm2528701d1_ex99-xq.htm)

(q)(2) [Powers of Attorney relating to Tara Pari and Betty Maganzini, dated July 29, 2025 - filed herewith.](tm263326d1_ex99-xqx2.htm)

---

| | |
|:---|:---|
| **<u>Item 29</u>.** | **<u>Persons Controlled by or under Common Control with the Fund</u>** |

---

Not Applicable.

---

| | |
|:---|:---|
| **<u>Item 30</u>.** | **<u>Indemnification</u>** |

---

Article IX of the Registrant's Second Amended and Restated Declaration of Trust states:

***Section 9.2. Limitation of Liability of Trustees and Others.*** *(a) Extent of Duties.* No Trustee, officer, or employee of the Trust shall owe any duty, or have any related liability, to any Person whatsoever (including without limitation any Shareholder) other than to the Trust or any Series, and this Declaration of Trust eliminates any such duty arising at law (common or statutory) or in equity and any related liability, to the extent that such duty or liability may be so eliminated.

*(b) No Liability to Third Parties.* No person who is or has been a Trustee, officer, or employee of the Trust shall be subject to any personal liability whatsoever to any Person, other than the Trust or any Series, in connection with the affairs of the Trust; and all Persons shall look solely to the Trust Property or Property of a Series for satisfaction of claims of any nature arising in connection with the affairs of the Trust or such Series.

Every note, bond, contract, instrument, certificate, Share or undertaking and every other act or thing whatsoever executed or done by or on behalf of the Trust or the Trustees or any of them in connection with the Trust shall be conclusively deemed to have been executed or done only in or with respect to their or his capacity as Trustees or Trustee and neither such Trustees or Trustee nor the Shareholders shall be personally liable thereon.

All Persons extending credit to, contracting with or having any claim against the Trust or a Series shall look only to the assets of the Trust Property or the Trust Property of such Series for payment under such credit, contract or claim; and neither the Trustees, nor any of the Trust's officers, employees or agents, whether past, present or future, shall be personally liable therefor.

*(c) Limitation of Liability to Trust and Series.* No person who is or has been a Trustee, officer or employee of the Trust shall be liable to the Trust or to any Series for any action or failure to act except for his or her own bad faith, willful misfeasance, gross negligence or reckless disregard of his or her duties involved in the conduct of the individual's office, and for nothing else, and shall not be liable for errors of judgment or mistakes of fact or law.

*(d) No Liability for Acts of Others.* Without limiting the foregoing limitations of liability contained in this Section 9.2, a Trustee shall not be responsible for or liable in any event for any neglect or wrongdoing of any officer, employee, investment adviser, sub-adviser, principal underwriter, custodian or other agent of the Trust, nor shall any Trustee be responsible or liable for the act or omission of any other Trustee (or for the failure to compel in any way any former or acting Trustee to redress any breach of trust), except in the case of such Trustee's own willful misfeasance, bad faith, gross negligence or reckless disregard of the duties involved in the conduct of his or her office.

Insofar as indemnification for liability arising under the Securities Act of 1933 (the "Securities Act") may be permitted to Trustees, officers and controlling persons of the Registrant pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the SEC such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such Trustee, officer, or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue.

---

| | |
|:---|:---|
| **<u>Item 31</u>.** | **<u>Business and other Connections of the Investment Adviser</u>** |

---

Grantham, Mayo, Van Otterloo & Co. LLC ("GMO"), principally located at 53 State Street, Boston, Massachusetts 02109, is a registered investment adviser under the Investment Advisers Act of 1940 and serves as investment adviser for each series of the Trust. A description of the business of GMO is set forth under the captions "Fund Management" in the Prospectus and "Management Services" in the Statement of Additional Information, each forming part of this registration statement.

Except as set forth below, the directors, officers, and members of GMO have not been engaged, during the past two fiscal years, in any business, profession, vocation or employment of a substantial nature other than as directors, officers, or members of GMO or certain of its affiliates. Certain directors, officers, and members of GMO serve as officers and/or directors of certain open-end and private investment companies managed by GMO or certain of its affiliates.

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Name and<br> Position with GMO** | &nbsp;&nbsp;<br> **Position with GMO** | &nbsp;&nbsp;**Connection with Other<br> Company(ies)** |
| &nbsp;&nbsp;R. Jeremy Grantham | &nbsp;&nbsp;Founding Member, Member and Chairman of the Board of Directors, and Chief Investment Strategist | &nbsp;&nbsp;Advisor, Divecha Centre for Climate Change, Indian Institute of Science, Bengaluru, India; Advisory Board Member, Imperial College of London – Grantham Institute for Climate Change, London SW7 2AZ; Steering Committee, London School of Economics – Grantham Institute for Climate Change, Houghton Street, London, WC2A 2AE; Trustee, The Grantham Foundation for the Protection of the Environment, 53 State Street, Floor 33, Boston, MA 02109; Trustee, The Jeremy and Hannelore Grantham Environmental Trust, 53 State Street, Floor 33, Boston, MA 02109; Advisory Member, Koop Family Office, 2200 Geng Rd., Suite 100, Palo Alto, CA 94303; Advisory Board, Grantham Centre for Sustainable Futures, University of Sheffield, Sheffield S10 2TN. |
| &nbsp;&nbsp;Mitchell Harris | &nbsp;&nbsp;Member of the Board of Directors | &nbsp;&nbsp;Senior Advisor, Director and Chairman, Oddo BHF UK Ltd., London; Independent Supervisory Board Member, HarbourVest Partners, LLC, One Lincoln Street, Suite 1700, Boston, MA 02111. |
| &nbsp;&nbsp;Scott L. Hayward | &nbsp;&nbsp;Chief Executive Officer | &nbsp;&nbsp;Trustee, The Christine and Scott Hayward Charitable Fund, Vanguard, 100 Vanguard Blvd., Malvern, PA 19355; Advisory Board Member, Give to the World, P.O. Box 6183, Arlington, VA 22206; Boston College Board of Regents; Mass General Children's Hospital Advisory Board; Advisory Board Member, The Kenan Institute for Ethics at Duke University, 1364 Campus Drive, Durham, NC 27705. |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;Anthony Hene | &nbsp;&nbsp;Member of the Board of Directors |  |
| &nbsp;&nbsp;Ben Inker | &nbsp;&nbsp;Member of the Board of Directors | &nbsp;&nbsp;Member of Investment Committee, Yale University, New Haven, CT 06520; Investment Committee, Open Society Foundation, 224 W 57 Street, New York, NY 10019 |
| &nbsp;&nbsp;Margaret McGetrick | &nbsp;&nbsp;Member of the Board of Directors | &nbsp;&nbsp;Board of Trustees and Chair of the Finance Committee and member of Audit, Risk and Investment Committees, Save the Children US, 501 Kings Highway East, Suite 400, Fairfield CT 06825; Board of Trustees and Chair of Audit and Risk Committees, Save the Children International, St. Vincent House, 30 Orange Street, London WC2H 7HH, United Kingdom; Board member, Loar Group Inc., 20 New King St., White Plains, NY 10604. |
| &nbsp;&nbsp;Andrea Muller | &nbsp;&nbsp;Member of the Board of Directors | &nbsp;&nbsp;Advisory Board Member, Georgetown University Law Center Business Law Scholar's Program, 600 New Jersey Avenue, NW, Washington, DC 20001 |
| &nbsp;&nbsp;Mark Nitzberg | &nbsp;&nbsp;Member of the Board of Directors | &nbsp;&nbsp;Board Member, Akvo Foundation, USA, 1168 Arch St, Berkeley, CA 94708; Advisory Board Member, Cambrian Group, 1429 Euclid Ave., Berkeley, CA 94708; Executive Director, CHAI, The University of California, Berkeley, 253 Cory Hall, Berkeley, CA 94720; Advisor, BAIR, The University of California, Berkeley, 253 Cory Hall, Berkeley, CA 94720; Board Member, Krypton Medical Inc., 50 Lafayette Place, Unit 3G, Greenwich, CT 06830; Interim Executive Director, Secretary and Treasurer of the newly formed International Association of Safe and Ethical Artificial Intelligence, 600 W Broadway, Suite 660, San Diego, CA 92101 |
| &nbsp;&nbsp;Eyk Van Otterloo | &nbsp;&nbsp;Founding Member | &nbsp;&nbsp;Board Member, Stichting Administratiekantoor Houthavens Beheer BV, Stichting Administratiekantoor Old Masters Real Estate BV (formerly Stichting Administratiekantoor Investment 1926 BV), Stichting Administratiekantoor Hot Item Onroerend Goed BV, Stichting Administratiekantoor Decca Vastgoed BV, Danzigerkade 69, 1013 AP Amsterdam, NL; Board Member, Artory Inc., 41 East 11<sup>th</sup> Street, 11<sup>th</sup> Floor, New York, New York 10003; Board Member, GCTH Ipswich LLC, 351 Topsfield Rd., Ipswich, MA 01938. |

---

---

| | |
|:---|:---|
| **<u>Item 32</u>.** | **<u>Principal Underwriters</u>** |

---

---

| | |
|:---|:---|
| Item 32(a) | Foreside Fund Services, LLC (the "Distributor") serves as principal underwriter for the following investment companies registered under the Investment Company Act of 1940, as amended: |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. AB Active ETFs, Inc.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. ABS Long/Short Strategies Fund

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. ActivePassive Core Bond ETF, Series of Trust for Professional Managers

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. ActivePassive Intermediate Municipal Bond ETF, Series of Trust for Professional Managers

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. ActivePassive International Equity ETF, Series of Trust for Professional Managers

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. ActivePassive U.S. Equity ETF, Series of Trust for Professional Managers

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. AdvisorShares Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. AFA Private Credit Fund

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. AGF Investments Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. AIM ETF Products Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11. Alexis Practical Tactical ETF, Series of Listed Funds Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12. AlphaCentric Prime Meridian Income Fund

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13. American Century ETF Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14. AMG ETF Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15. Amplify ETF Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16. Applied Finance Dividend Fund, Series of World Funds Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17. Applied Finance Explorer Fund, Series of World Funds Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18. Applied Finance Select Fund, Series of World Funds Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19. Ardian Access LLC

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20. ARK ETF Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21. ARK Venture Fund

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22. Bitwise Funds Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23. BondBloxx ETF Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24. Bramshill Multi-Strategy Income Fund, Series of Investment Managers Series Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25. Bridgeway Funds, Inc.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26. Brinker Capital Destinations Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27. Brookfield Real Assets Income Fund Inc.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28. Build Funds Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29. Calamos Convertible and High Income Fund

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30. Calamos Convertible Opportunities and Income Fund

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31. Calamos Dynamic Convertible and Income Fund

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32. Calamos Global Dynamic Income Fund

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33. Calamos Global Total Return Fund

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34. Calamos Strategic Total Return Fund

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35. Carlyle Tactical Private Credit Fund

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36. Cascade Private Capital Fund

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37. Catalyst/Perini Strategic Income Fund

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38. CBRE Global Real Estate Income Fund

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39. Center Coast Brookfield MLP & Energy Infrastructure Fund

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40. Cliffwater Corporate Lending Fund

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41. Cliffwater Enhanced Lending Fund

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42. Coatue Innovative Strategies Fund

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43. Cohen & Steers ETF Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44. Convergence Long/Short Equity ETF, Series of Trust for Professional Managers

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45. CornerCap Small-Cap Value Fund, Series of Managed Portfolio Series

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46. CrossingBridge Pre-Merger SPAC ETF, Series of Trust for Professional Managers

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47. Curasset Capital Management Core Bond Fund, Series of World Funds Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48. Curasset Capital Management Limited Term Income Fund, Series of World Funds Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49. CYBER HORNET S&P 500® and Bitcoin 75/25 Strategy ETF, Series of CYBER HORNET Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50. Davis Fundamental ETF Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51. Defiance BMNR Option Income ETF, Series of ETF Series Solutions

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52. Defiance Connective Technologies ETF, Series of ETF Series Solutions

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53. Defiance Drone and Modern Warfare ETF, Series of ETF Series Solutions

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54. Defiance Quantum ETF, Series of ETF Series Solutions

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55. Denali Structured Return Strategy Fund

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56. Dodge & Cox Funds

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57. DoubleLine ETF Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58. DoubleLine Income Solutions Fund

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59. DoubleLine Opportunistic Credit Fund

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60. DoubleLine Yield Opportunities Fund

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61. DriveWealth ETF Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62. EIP Investment Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63. Ellington Income Opportunities Fund

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64. ETF Opportunities Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;65. Exchange Listed Funds Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66. Exchange Place Advisors Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67. FIS Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68. FlexShares Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69. Fortuna Hedged Bitcoin Fund, Series of Listed Funds Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70. Forum Funds

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71. Forum Funds II

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72. Forum Real Estate Income Fund

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73. Fundrise Growth Tech Fund, LLC

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74. GMO ETF Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75. GoldenTree Opportunistic Credit Fund

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76. Gramercy Emerging Markets Debt Fund, Series of Investment Managers Series Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;77. Grayscale Funds Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;78. Guinness Atkinson Funds

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;79. Harbor ETF Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;80. Harris Oakmark ETF Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;81. Hawaiian Tax-Free Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;82. Horizon Kinetics Blockchain Development ETF, Series of Listed Funds Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;83. Horizon Kinetics Energy and Remediation ETF, Series of Listed Funds Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;84. Horizon Kinetics Inflation Beneficiaries ETF, Series of Listed Funds Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;85. Horizon Kinetics Japan Owner Operator ETF, Series of Listed Funds Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;86. Horizon Kinetics Medical ETF, Series of Listed Funds Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;87. Horizon Kinetics SPAC Active ETF, Series of Listed Funds Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;88. Innovator ETFs Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;89. Ironwood Institutional Multi-Strategy Fund LLC

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;90. Ironwood Multi-Strategy Fund LLC

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91. Jensen Quality Growth ETF, Series of Trust for Professional Managers

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;92. John Hancock Exchange-Traded Fund Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;93. Kurv ETF Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;94. Lazard Active ETF Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;95. LDR Real Estate Value-Opportunity Fund, Series of World Funds Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;96. Lone Peak Value Fund, Series of World Funds Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;97. Mairs & Power Balanced Fund, Series of Trust for Professional Managers

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;98. Mairs & Power Growth Fund, Series of Trust for Professional Managers

99. Mairs & Power Minnesota Municipal Bond ETF, Series of Trust for Professional Managers

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100. Mairs & Power Small Cap Fund, Series of Trust for Professional Managers

101. Manor Investment Funds

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;102. MoA Funds Corporation

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;103. Moerus Worldwide Value Fund, Series of Northern Lights Fund Trust IV

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;104. Morgan Stanley ETF Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;105. Morgan Stanley Pathway Large Cap Equity ETF, Series of Morgan Stanley Pathway Funds

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;106. Morgan Stanley Pathway Small-Mid Cap Equity ETF, Series of Morgan Stanley Pathway Funds

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;107. Morningstar Funds Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;108. NEOS ETF Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;109. Niagara Income Opportunities Fund

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;110. North Square Evanston Multi-Alpha Fund

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;111. NXG Cushing® Midstream Energy Fund

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;112. NXG NextGen Infrastructure Income Fund

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;113. OTG Latin American Fund, Series of World Funds Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;114. Overlay Shares Core Bond ETF, Series of Listed Funds Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;115. Overlay Shares Foreign Equity ETF, Series of Listed Funds Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;116. Overlay Shares Hedged Large Cap Equity ETF, Series of Listed Funds Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;117. Overlay Shares Large Cap Equity ETF, Series of Listed Funds Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;118. Overlay Shares Municipal Bond ETF, Series of Listed Funds Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;119. Overlay Shares Short Term Bond ETF, Series of Listed Funds Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;120. Overlay Shares Small Cap Equity ETF, Series of Listed Funds Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;121. Palmer Square Funds Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;122. Palmer Square Opportunistic Income Fund

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;123. Partners Group Private Income Opportunities, LLC

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;124. Perkins Discovery Fund, Series of World Funds Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;125. Philotimo Focused Growth and Income Fund, Series of World Funds Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;126. Plan Investment Fund, Inc.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;127. Point Bridge America First ETF, Series of ETF Series Solutions

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;128. Precidian ETFs Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;129. Rareview 2x Bull Cryptocurrency & Precious Metals ETF, Series of Collaborative Investment Series Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;130. Rareview Dynamic Fixed Income ETF, Series of Collaborative Investment Series Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;131. Rareview Systematic Equity ETF, Series of Collaborative Investment Series Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;132. Rareview Tax Advantaged Income ETF, Series of Collaborative Investment Series Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;133. Rareview Total Return Bond ETF, Series of Collaborative Investment Series Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;134. Renaissance Capital Greenwich Funds

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;135. REX ETF Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;136. Reynolds Funds, Inc.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;137. RMB Investors Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;138. Robinson Opportunistic Income Fund, Series of Investment Managers Series Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;139. Robinson Tax Advantaged Income Fund, Series of Investment Managers Series Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;140. Roundhill Ball Metaverse ETF, Series of Listed Funds Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;141. Roundhill Cannabis ETF, Series of Listed Funds Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;142. Roundhill ETF Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;143. Roundhill Magnificent Seven ETF, Series of Listed Funds Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;144. Roundhill Sports Betting & iGaming ETF, Series of Listed Funds Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;145. Roundhill Video Games ETF, Series of Listed Funds Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;146. Rule One Fund, Series of World Funds Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;147. Russell Investments Exchange Traded Funds

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;148. Securian AM Real Asset Income Fund, Series of Investment Managers Series Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;149. Six Circles Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;150. Sound Shore Fund, Inc.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;151. SP Funds Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;152. Sparrow Funds

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;153. Spear Alpha ETF, Series of Listed Funds Trust

154. STF Tactical Growth & Income ETF, Series of Listed Funds Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;155. STF Tactical Growth ETF, Series of Listed Funds Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;156. Strategic Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;157. Strategy Shares

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;158. Swan Hedged Equity US Large Cap ETF, Series of Listed Funds Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;159. Tekla World Healthcare Fund

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;160. Tema ETF Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;161. The 2023 ETF Series Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;162. The Community Development Fund

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;163. The Cook & Bynum Fund, Series of World Funds Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;164. The Private Shares Fund

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;165. The SPAC and New Issue ETF, Series of Collaborative Investment Series Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;166. Third Avenue Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;167. Third Avenue Variable Series Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;168. Tidal Trust I

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;169. Tidal Trust II

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;170. Tidal Trust III

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;171. Tidal Trust IV

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;172. TIFF Investment Program

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;173. Timothy Plan High Dividend Stock ETF, Series of The Timothy Plan

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;174. Timothy Plan International ETF, Series of The Timothy Plan

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;175. Timothy Plan Market Neutral ETF, Series of The Timothy Plan

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;176. Timothy Plan US Large/Mid Cap Core ETF, Series of The Timothy Plan

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;177. Timothy Plan US Small Cap Core ETF, Series of The Timothy Plan

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;178. Total Fund Solution

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;179. Touchstone ETF Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;180. Trailmark Series Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;181. T-Rex 2X Inverse Bitcoin Daily Target ETF, Series of World Funds Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;182. T-Rex 2x Inverse Ether Daily Target ETF, Series of World Funds Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;183. T-Rex 2X Long Bitcoin Daily Target ETF, Series of World Funds Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;184. T-Rex 2x Long Ether Daily Target ETF

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;185. U.S. Global Investors Funds

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;186. Union Street Partners Value Fund, Series of World Funds Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;187. Vest Bitcoin Strategy Managed Volatility Fund, Series of World Funds Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;188. Vest S&P 500® Dividend Aristocrats Target Income Fund, Series of World Funds Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;189. Vest US Large Cap 10% Buffer Strategies Fund, Series of World Funds Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;190. Vest US Large Cap 20% Buffer Strategies Fund, Series of World Funds Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;191. Vest US Large Cap 20% Buffer Strategies VI Fund, Series of World Funds Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;192. Virtus Stone Harbor Emerging Markets Income Fund

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;193. Volatility Shares Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;194. WEBs ETF Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;195. Wedbush Series Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;196. Wellington Global Multi-Strategy Fund

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;197. Wilshire Mutual Funds, Inc.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;198. Wilshire Variable Insurance Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;199. WisdomTree Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;200. XAI Octagon Floating Rate & Alternative Income Term Trust

---

| | |
|:---|:---|
| Item 32(b) | The following are the Officers and Manager of the Distributor, the Registrant's underwriter. The Distributor's main business address is 190 Middle Street, Suite 301, Portland, Maine 04101. |

---

---

| | | | |
|:---|:---|:---|:---|
| Name | &nbsp;&nbsp;Address | &nbsp;&nbsp;Position with Underwriter | &nbsp;&nbsp;Position with Registrant |
| Teresa Cowan | &nbsp;&nbsp;190 Middle Street, Suite 301, <br> Portland, ME 04101 | &nbsp;&nbsp;President/Manager |  |
| Chris Lanza<br>Kate Macchia | &nbsp;&nbsp;190 Middle Street, Suite 301,<br> Portland, ME 04101<br> 190 Middle Street, Suite 301,<br> Portland, ME 04101 | &nbsp;&nbsp;Vice President<br>Vice President |  |
| Alicia Strout | &nbsp;&nbsp;190 Middle Street, Suite 301, <br> Portland, ME 04101 | &nbsp;&nbsp;Vice President and Chief Compliance Officer |  |
| Gabriel E. Edelman<br>Susan L. LaFond | &nbsp;&nbsp;190 Middle Street, Suite 301,<br> Portland, ME 04101<br> 190 Middle Street, Suite 301,<br> Portland, ME 04101 | &nbsp;&nbsp;Secretary<br>Treasurer |  |
| Weston Sommers | &nbsp;&nbsp;190 Middle Street, Suite 301, <br> Portland, ME 04101 | &nbsp;&nbsp;Financial and Operations Principal and Chief Financial Officer |  |

---

**Item 33.** **<u>Location of Accounts and Records:</u>**

Books or other documents required to be maintained by Section 31(a) of the Investment Company Act of 1940, and the rules promulgated thereunder, are maintained as follows:

Grantham, Mayo, Van Otterloo & Co. LLC

53 State Street

Boston, Massachusetts 02109

Foreside Fund Services, LLC

190 Middle Street, Suite 301

Portland, Maine 04101

State Street Bank and Trust Company

One Congress Street, Suite 1

Boston, Massachusetts 02114-2016

---

| | |
|:---|:---|
| **<u>Item 34</u>.** | **<u>Management Services</u>** |

---

Not Applicable.

---

| | |
|:---|:---|
| **<u>Item 35</u>.** | **<u>Undertakings</u>** |

---

Not Applicable.

**SIGNATURES**

Pursuant to the requirements of the Securities Act of 1933 (the "1933 Act") and the Investment Company Act of 1940 (the "1940 Act"), each as amended, the Registrant, GMO ETF Trust, has duly caused this Post-Effective Amendment No. 8 under the 1933 Act and Amendment No. 10 under the 1940 Act to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Boston and the Commonwealth of Massachusetts, on the 16<sup>th</sup> day of January, 2026.

---

| | |
|:---|:---|
| **GMO ETF Trust** | **GMO ETF Trust** |
| By: | /s/ Tara Pari |
|  | Tara Pari |
|  | Title: Chief Executive Officer;<br> Principal Executive Officer |

---

Pursuant to the requirements of the 1933 Act, this Post-Effective Amendment No. 8 to GMO ETF Trust's Registration Statement under the 1933 Act has been signed below by the following persons in the capacities and on the date indicated.

---

| | | |
|:---|:---|:---|
| **<u>Signatures</u>** | &nbsp;&nbsp;**<u>Title</u>** | &nbsp;&nbsp;**<u>Date</u>** |
| /s/ Tara Pari<br> Tara Pari | &nbsp;&nbsp;Chief Executive Officer; Principal Executive Officer | &nbsp;&nbsp;January 16, 2026 |
| /s/ Betty Maganzini<br> Betty Maganzini | &nbsp;&nbsp;Treasurer; Chief Financial Officer; Chief Accounting Officer; Principal Financial and Accounting Officer | &nbsp;&nbsp;January 16, 2026 |
| PAUL BRAVERMAN\*<br> Paul Braverman | &nbsp;&nbsp;Trustee | &nbsp;&nbsp;January 16, 2026 |
| ENRIQUE CHANG\*<br> Enrique Chang | &nbsp;&nbsp;Trustee | &nbsp;&nbsp;January 16, 2026 |
| DINA SANTORO\*<br> Dina Santoro | &nbsp;&nbsp;Trustee | &nbsp;&nbsp;January 16, 2026 |
| PETER TUFANO\*<br> Peter Tufano | &nbsp;&nbsp;Trustee | &nbsp;&nbsp;January 16, 2026 |

---

---

| | |
|:---|:---|
| \* By: | /s/ Douglas Y. Charton |
|  | Douglas Y. Charton |
|  | Attorney-in-Fact\*\* |

---

\*\* Pursuant to Power of Attorney for each of Paul Braverman, Enrique Chang, and Peter Tufano filed with the SEC as part of Post-Effective Amendment No. 7 to the Registration Statement under the 1933 Act and Amendment No. 9 to the Registration Statement under the 1940 Act on October 28, 2025.

GMO ETF TRUST POS EX FILING (JANUARY 2026)

**EXHIBIT INDEX**

**GMO ETF TRUST**

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Exhibit No.** | **Exhibit** |
| &nbsp;&nbsp;[EX-99.Q2](tm263326d1_ex99-xqx2.htm) | [Powers of Attorney relating to Tara Pari and Betty Maganzini, dated July 29, 2025.](tm263326d1_ex99-xqx2.htm) |

---

## Ex-99.(Q)(2)

Exhibit.(q)(2)

THE 2023 ETF SERIES TRUST II

POWER OF ATTORNEY

KNOW ALL PERSONS BY THESE PRESENTS, that the undersigned officer of The 2023 ETF Series Trust II (the "Trust"), a statutory trust organized under the laws of the State of Delaware, hereby constitutes and appoints Douglas Charton and Betty Maganzini, and each of them singly, her true and lawful attorneys-in-fact and agents with full power of substitution and resubstitution, to sign for her and in her name, place and stead, and in the capacity indicated below, to sign any and all Registration Statements, including on Form N-1A and Form N-14, and all amendments thereto relating to the offering of the Trust's shares under the provisions of the Investment Company Act of 1940, as amended, and/or the Securities Act of 1933, as amended, and to file the same, with all exhibits thereto, and other documents in connection therewith, with the U.S. Securities and Exchange Commission, granting unto said attorneys-in-fact and agents, and each of them, acting alone, full power and authority to do and perform each and every act and thing requisite or necessary to be done in and about the premises, as fully to all intents and purposes as she might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents or any of them, or their substitute or substitutes, may lawfully do or cause to be done by virtue hereof.

IN WITNESS WHEREOF, the undersigned has hereunto set her hand and seal as of the date set forth below.

---

| | |
|:---|:---|
| /s/ Tara Pari | /s/ Tara Pari |
| Name: | Tara Pari |
| Title: | President, Principal Executive Officer |
| Date: | July 29, 2025 |

---

THE 2023 ETF SERIES TRUST II

POWER OF ATTORNEY

KNOW ALL PERSONS BY THESE PRESENTS, that the undersigned officer of The 2023 ETF Series Trust II (the "Trust"), a statutory trust organized under the laws of the State of Delaware, hereby constitutes and appoints Douglas Charton and Tara Pari, and each of them singly, her true and lawful attorneys-in-fact and agents with full power of substitution and resubstitution, to sign for her and in her name, place and stead, and in the capacity indicated below, to sign any and all Registration Statements, including on Form N-1A and Form N-14, and all amendments thereto relating to the offering of the Trust's shares under the provisions of the Investment Company Act of 1940, as amended, and/or the Securities Act of 1933, as amended, and to file the same, with all exhibits thereto, and other documents in connection therewith, with the U.S. Securities and Exchange Commission, granting unto said attorneys-in-fact and agents, and each of them, acting alone, full power and authority to do and perform each and every act and thing requisite or necessary to be done in and about the premises, as fully to all intents and purposes as she might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents or any of them, or their substitute or substitutes, may lawfully do or cause to be done by virtue hereof.

IN WITNESS WHEREOF, the undersigned has hereunto set his hand and seal as of the date set forth below.

---

| | |
|:---|:---|
| /s/ Betty Maganzini | /s/ Betty Maganzini |
| Name: | Betty Maganzini |
| Title: | Treasurer, Principal Financial Officer |
| Date: | July 29, 2025 |

---