0000745463
2013-02-14
2013-02-14
0000745463
EVMFT:S000032773Member
2013-02-14
2013-02-14
0000745463
EVMFT:S000032773Member
EVMFT:C000111445Member
2013-02-14
2013-02-14
0000745463
EVMFT:S000032773Member
EVMFT:C000101132Member
2013-02-14
2013-02-14
iso4217:USD
xbrli:pure
Other
2011-12-31
Eaton Vance Mutual Funds Trust
0000745463
false
2013-02-14
2013-02-14
2012-05-01
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 18.7pt; text-align: center">EATON VANCE PARAMETRIC STRUCTURED COMMODITY
STRATEGY FUND<br />
Supplement to Summary Prospectus dated May 1, 2012</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 5.6pt">The following amendments to the Summary Prospectus are effective
on March 1, 2013.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 5.6pt">1.  The Summary Prospectus is amended to reflect the
following:</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 22.45pt">•</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 5.6pt; text-indent: -1.85pt">The name of the Fund is changed to
Parametric Commodity Strategy Fund;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 22.45pt">•</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 5.6pt; text-indent: -1.85pt">Class A and Class I shares of the
Fund are renamed Investor Class and Institutional Class, respectively;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 22.45pt">•</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 5.6pt; text-indent: -1.85pt">The front-end sales charge payable
upon purchase of Investor Class shares of the Fund is eliminated; and</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 22.45pt">•</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 5.6pt; text-indent: -1.85pt">The minimum initial purchase of Institutional
Class shares of the Fund is changed to $50,000 (waived in certain circumstances).</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 5.6pt">2.  The following replaces the “Shareholder Fees”
and “Example” tables under “Fees and Expenses of the Fund”:</p>
<table cellspacing="0" cellpadding="0" style="width: 100%; font-size: 9pt">
<tr>
<td style="width: 76%; font: 0.5pt Times New Roman, Times, Serif"> </td>
<td style="width: 12%; font: 0.5pt Times New Roman, Times, Serif"> </td>
<td style="width: 12%; font: 0.5pt Times New Roman, Times, Serif"> </td></tr>
<tr style="vertical-align: bottom; background-color: #E6E6E6">
<td style="border-bottom: black 1pt solid; padding-top: 2.8pt; padding-bottom: 2.8pt"><font style="font-size: 9pt">Shareholder Fees (fees paid directly from your investment)</font></td>
<td style="border-bottom: black 1pt solid; padding-top: 2.8pt; padding-bottom: 2.8pt; text-align: center"><font style="font-size: 9pt">Investor Class</font></td>
<td style="border-bottom: black 1pt solid; padding-top: 2.8pt; padding-bottom: 2.8pt; text-align: center"><font style="font-size: 9pt">Institutional Class</font></td></tr>
<tr style="vertical-align: bottom; background-color: #E6E6E6">
<td style="padding-top: 2.8pt; padding-bottom: 2.8pt"><font style="font-size: 9pt">Maximum Sales Charge (Load) (as a percentage of offering price)</font></td>
<td style="padding-top: 2.8pt; padding-bottom: 2.8pt; text-align: center"><font style="font-size: 9pt">None</font></td>
<td style="padding-top: 2.8pt; padding-bottom: 2.8pt; text-align: center"><font style="font-size: 9pt">None</font></td></tr>
<tr style="vertical-align: bottom; background-color: #E6E6E6">
<td style="padding-top: 2.8pt; padding-bottom: 2.8pt"><font style="font-size: 9pt">Maximum Deferred Sales Charge (Load) (as a percentage of the lower of net asset value at purchase or redemption)</font></td>
<td style="padding-top: 2.8pt; padding-bottom: 2.8pt; text-align: center"><font style="font-size: 9pt">None</font></td>
<td style="padding-top: 2.8pt; padding-bottom: 2.8pt; text-align: center"><font style="font-size: 9pt">None</font></td></tr>
</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<table cellspacing="0" cellpadding="0" style="width: 100%; font-size: 9pt">
<tr>
<td style="width: 36%; font: 0.5pt Times New Roman, Times, Serif"> </td>
<td style="width: 16%; font: 0.5pt Times New Roman, Times, Serif"> </td>
<td style="width: 16%; font: 0.5pt Times New Roman, Times, Serif"> </td>
<td style="width: 16%; font: 0.5pt Times New Roman, Times, Serif"> </td>
<td style="width: 16%; font: 0.5pt Times New Roman, Times, Serif"> </td></tr>
<tr style="background-color: #E6E6E6">
<td style="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; font-size: 10pt"> </td>
<td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-top: 2.8pt; padding-bottom: 2.8pt; text-align: center"><font style="font-size: 9pt">1 Year</font></td>
<td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-top: 2.8pt; padding-bottom: 2.8pt; text-align: center"><font style="font-size: 9pt">3 Years</font></td>
<td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-top: 2.8pt; padding-bottom: 2.8pt; text-align: center"><font style="font-size: 9pt">5 Years</font></td>
<td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-top: 2.8pt; padding-bottom: 2.8pt; text-align: center"><font style="font-size: 9pt">10 Years</font></td></tr>
<tr style="vertical-align: bottom; background-color: #E6E6E6">
<td style="border-right: black 1pt solid; padding-top: 2.8pt; padding-bottom: 2.8pt"><font style="font-size: 9pt">Investor Class shares</font></td>
<td style="padding-top: 2.8pt; padding-bottom: 2.8pt; text-align: center"><font style="font-size: 9pt">$102</font></td>
<td style="padding-top: 2.8pt; padding-bottom: 2.8pt; text-align: center"><font style="font-size: 9pt">$718</font></td>
<td style="padding-top: 2.8pt; padding-bottom: 2.8pt; text-align: center"><font style="font-size: 9pt">$1,360</font></td>
<td style="padding-top: 2.8pt; padding-bottom: 2.8pt; text-align: center"><font style="font-size: 9pt">$3,087</font></td></tr>
<tr style="vertical-align: bottom; background-color: #E6E6E6">
<td style="border-right: black 1pt solid; padding-top: 2.8pt; padding-bottom: 2.8pt"><font style="font-size: 9pt">Institutional Class shares</font></td>
<td style="padding-top: 2.8pt; padding-bottom: 2.8pt; text-align: center"><font style="font-size: 9pt">$77</font></td>
<td style="padding-top: 2.8pt; padding-bottom: 2.8pt; text-align: center"><font style="font-size: 9pt">$642</font></td>
<td style="padding-top: 2.8pt; padding-bottom: 2.8pt; text-align: center"><font style="font-size: 9pt">$1,235</font></td>
<td style="padding-top: 2.8pt; padding-bottom: 2.8pt; text-align: center"><font style="font-size: 9pt">$2,842</font></td></tr>
</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 12.15pt 0 5.6pt">3.  The following replaces the paragraph under
“Purchase and Sale of Fund Shares”:</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 5.6pt">You may purchase, redeem or exchange Fund shares on any
business day, which is any day the New York Stock Exchange is open for business. You may purchase, redeem or exchange Fund shares
either through your financial intermediary or directly from the Fund either by writing to the Fund, P.O. Box 9653, Providence,
RI 02940-9653, or by calling 1-800-260-0761. The minimum initial purchase or exchange into the Fund is $1,000 for Investor Class
and $50,000 for Institutional Class (waived in certain circumstances). There is no minimum for subsequent investments.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 5.6pt"> </p>
<table cellspacing="0" cellpadding="0" style="width: 100%; font-size: 9pt">
<tr>
<td style="width: 50%; font: 0.5pt Times New Roman, Times, Serif"> </td>
<td style="width: 50%; font: 0.5pt Times New Roman, Times, Serif"> </td></tr>
<tr style="vertical-align: top">
<td style="padding-top: 5.6pt; padding-bottom: 5.6pt; font-size: 10pt"><font style="font-size: 10pt">February 14, 2013</font></td>
<td style="padding-top: 5.6pt; padding-bottom: 5.6pt; font-size: 10pt; text-align: right"><font style="font-size: 10pt">6623-2/13     PPASCSPS</font></td></tr>
</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 5.6pt"> </p>
0
0
0
0
102
77
718
642
1360
1235
3087
2842
<div style="display: none">~ http://xbrl.sec.gov/rr/role/ShareholderFeesData column period compact * column dei_LegalEntityAxis compact EVMFT_S000032773Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div>
<div style="display: none">~ http://xbrl.sec.gov/rr/role/ExpenseExample column period compact * column dei_LegalEntityAxis compact EVMFT_S000032773Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div>
EAPCX
EIPCX