0000940394-14-000584.txt : 20140403 0000940394-14-000584.hdr.sgml : 20140403 20140403125112 ACCESSION NUMBER: 0000940394-14-000584 CONFORMED SUBMISSION TYPE: 485BPOS PUBLIC DOCUMENT COUNT: 6 FILED AS OF DATE: 20140403 DATE AS OF CHANGE: 20140403 EFFECTIVENESS DATE: 20140403 FILER: COMPANY DATA: COMPANY CONFORMED NAME: EATON VANCE SPECIAL INVESTMENT TRUST CENTRAL INDEX KEY: 0000031266 IRS NUMBER: 046039283 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1933 Act SEC FILE NUMBER: 002-27962 FILM NUMBER: 14741159 BUSINESS ADDRESS: STREET 1: TWO INTERNATIONAL PLACE CITY: BOSTON STATE: MA ZIP: 02110 BUSINESS PHONE: 6174828260 MAIL ADDRESS: STREET 1: TWO INTERNATIONAL PLACE CITY: BOSTON STATE: MA ZIP: 02110 FORMER COMPANY: FORMER CONFORMED NAME: EATON VANCE SPECIAL EQUITIES FUND DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: EATON VANCE SPECIAL EQUITIES FUND INC DATE OF NAME CHANGE: 19890619 FILER: COMPANY DATA: COMPANY CONFORMED NAME: EATON VANCE SPECIAL INVESTMENT TRUST CENTRAL INDEX KEY: 0000031266 IRS NUMBER: 046039283 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1940 Act SEC FILE NUMBER: 811-01545 FILM NUMBER: 14741160 BUSINESS ADDRESS: STREET 1: TWO INTERNATIONAL PLACE CITY: BOSTON STATE: MA ZIP: 02110 BUSINESS PHONE: 6174828260 MAIL ADDRESS: STREET 1: TWO INTERNATIONAL PLACE CITY: BOSTON STATE: MA ZIP: 02110 FORMER COMPANY: FORMER CONFORMED NAME: EATON VANCE SPECIAL EQUITIES FUND DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: EATON VANCE SPECIAL EQUITIES FUND INC DATE OF NAME CHANGE: 19890619 0000031266 S000021070 Eaton Vance Risk-Managed Equity Option Fund C000059928 Eaton Vance Risk-Managed Equity Option Fund Class A C000059929 Eaton Vance Risk-Managed Equity Option Fund Class C C000059930 Eaton Vance Risk-Managed Equity Option Fund Class I 485BPOS 1 sitxbrlpartc.htm SIT 485BPOS PEA#138-125 XBRL DTD 4-3-14 Part_C_Template.doc

As filed with the Securities and Exchange Commission on April 3, 2014

1933 Act File No. 002-27962

1940 Act File No. 811-01545

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM N-1A

 

 

REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT of 1933

o

 

POST-EFFECTIVE AMENDMENT NO. 138

x

 

REGISTRATION STATEMENT
UNDER
THE INVESTMENT COMPANY ACT OF 1940

o

 

AMENDMENT NO. 125

x

 

Eaton Vance Special Investment Trust

(Exact Name of Registrant as Specified in Charter)

 

Two International Place, Boston, Massachusetts 02110

(Address of Principal Executive Offices)

 

(617) 482-8260

(Registrants Telephone Number)

 

MAUREEN A. GEMMA

Two International Place, Boston, Massachusetts 02110

(Name and Address of Agent for Service)

It is proposed that this filing will become effective pursuant to Rule 485 (check appropriate box):

x

immediately upon filing pursuant to paragraph (b)

o

on (date) pursuant to paragraph (a)(1)

o

on (date) pursuant to paragraph (b)

o

75 days after filing pursuant to paragraph (a)(2)

o

60 days after filing pursuant to paragraph (a)(1)

o

on (date) pursuant to paragraph (a)(2)

If appropriate, check the following box:

o

This post-effective amendment designates a new effective date for a previously filed post-effective amendment.





SIGNATURES

Pursuant to the requirements of the Securities Act of 1933, and the Investment Company Act of 1940, the Registrant certifies that it meets all of the requirements for effectiveness of this Amendment to the Registration Statement pursuant to Rule 485(b) under the Securities Act of 1933 and has duly caused this Amendment to its Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized in the City of Boston, and the Commonwealth of Massachusetts, on April 3, 2014.

Eaton Vance Special Investment Trust

By:  /s/ Payson F. Swaffield

Payson F. Swaffield, President

Pursuant to the requirements of the Securities Act of 1933, this Post-Effective Amendment to the Registration Statement has been signed below by the following persons in the capacities indicated on April 3, 2014.

Signature

Title

 

 

/s/ Payson F. Swaffield

President (Chief Executive Officer)

Payson F. Swaffield

 

 

 

/s/ James F. Kirchner

Treasurer (Principal Financial and Accounting Officer)

James F. Kirchner

 

 

 

Signature

Title

Signature

Title

 

 

 

 

Scott E. Eston*

Trustee

Ronald A. Pearlman*

Trustee

Scott E. Eston

 

Ronald A. Pearlman

 

 

 

 

 

Thomas E. Faust Jr.*

Trustee

Helen Frame Peters*

Trustee

Thomas E. Faust Jr.

 

Helen Frame Peters

 

 

 

 

 

Allen R. Freedman*

Trustee

Lynn A. Stout*

Trustee

Allen R. Freedman

 

Lynn A. Stout

 

 

 

 

 

Valerie A. Mosley*

Trustee

Harriett Tee Taggart*

Trustee

Valerie A. Mosley

 

Harriett Tee Taggart

 

 

 

 

 

William H. Park*

Trustee

Ralph F. Verni*

Trustee

William H. Park

 

Ralph F. Verni

 

 

 

 

 

*By:

/s/ Maureen A. Gemma

 

 

Maureen A. Gemma (As attorney-in-fact)

 

* Pursuant to a Power of Attorney dated January 2, 2014 filed as Exhibit (q) to the Registrants Post-Effective Amendment No. 134 filed February 26, 2014 (Accession No. 0000940394-14-000268) and incorporated herein by reference.



EXHIBIT INDEX

Exhibit No.

 

Description

EX-101.INS

 

XBRL Instance Document

EX-101.SCH

 

XBRL Taxonomy Extension Schema Document

EX-101.DEF

 

XBRL Taxonomy Extension Definition Linkbase

EX-101.LAB

 

XBRL Taxonomy Extension Labels Linkbase

Ex-101.PRE

 

XBRL Taxonomy Extension Presentation Linkbase




EX-101.INS 2 evsit-20130328.xml XBRL INSTANCE DOCUMENT 0000031266 2014-03-27 2014-03-27 0000031266 EVSIT:S000021070Member 2014-03-27 2014-03-27 0000031266 EVSIT:S000021070Member EVSIT:SnP500IndexMember 2014-03-27 2014-03-27 0000031266 EVSIT:S000021070Member EVSIT:C000059928Member 2014-03-27 2014-03-27 0000031266 EVSIT:S000021070Member EVSIT:C000059928Member rr:AfterTaxesOnDistributionsMember 2014-03-27 2014-03-27 0000031266 EVSIT:S000021070Member EVSIT:C000059928Member rr:AfterTaxesOnDistributionsAndSalesMember 2014-03-27 2014-03-27 0000031266 EVSIT:S000021070Member EVSIT:C000059929Member 2014-03-27 2014-03-27 0000031266 EVSIT:S000021070Member EVSIT:C000059930Member 2014-03-27 2014-03-27 0000031266 EVSIT:S000021070Member EVSIT:BarclaysUSAggregateBondIndexMember 2014-03-27 2014-03-27 iso4217:USD xbrli:pure 485BPOS 2013-11-30 Eaton Vance Special Investment Trust 0000031266 false 2014-03-27 2014-04-01 2014-04-01 0.0575 0 0 0 0.0100 0 0.0105 0.0105 0.0105 0.0025 0.0100 0 0.0199 0.0274 0.0174 0.0140 0.0215 0.0115 0.0636 -0.0145 -0.0415 0.0395 <p style="font: 12pt/12pt NewsGoth Dm BT,Times New Roman; margin-top: 4px; margin-bottom: 4px">Shareholder Fees (fees paid directly from your investment)</p> <p style="font: 12pt/12pt NewsGoth Dm BT,Times New Roman; margin-top: 4px; margin-bottom: 4px">Annual Fund Operating Expenses (expenses you pay each year as a percentage of the value of your investment)</p> After-tax returns are calculated using the highest historical individual federal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on a shareholder's tax situation and the actual characterization of distributions, and may differ from those shown. After-tax returns are not relevant to shareholders who hold shares in tax-deferred accounts or to shares held by non-taxable entities. After-tax returns for other Classes of shares will vary from the after-tax returns presented for Class A shares. Return After Taxes on Distributions for a period may be the same as Return Before Taxes for a period because no taxable distributions were made during that period. Also, Return After Taxes on Distributions and Sale of Fund Shares for a period may be greater than or equal to Return After Taxes on Distributions for the same period because of losses realized on the sale of Fund shares. EROAX EROCX EROIX <p style="font: 9pt/10pt Times New Roman, Times, Serif; margin: 2.8pt 0">During the period from December 31, 2008 through December 31, 2013, the highest quarterly total return for Class A was</p> <p style="font: 9pt/10pt Times New Roman, Times, Serif; margin: 2.8pt 0">and the lowest quarterly return was</p> 2013-12-31 2011-09-30 -0.0592 (reflects no deduction for fees, expenses or taxes) (reflects no deduction for fees, expenses or taxes) <p style="font: 10pt Times New Roman, Times, Serif; margin: 5.6pt 0">The returns in the bar chart are for Class A shares and do not reflect a sales charge. &#160;If the sales charge was reflected, the returns would be lower.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 5.6pt 0">Past performance (both before and after taxes) is no guarantee of future results.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 5.6pt 0">www.eatonvance.com</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0.05in 0">&#160;The Fund is not a complete investment program and you may lose money by investing in the Fund.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0.05in 0">An investment in the Fund is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency, entity or person. </p> 50000 2008-02-29 <p style="font: 12pt/normal Times New Roman, Times, Serif; margin: 3pt 0">Investment Objective</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 4.5pt 0">The Fund&#146;s investment objective is to seek total return.</p> <p style="font: 12pt/normal Times New Roman, Times, Serif; margin: 3pt 0">Fees and Expenses of the Fund</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 4.5pt 0">This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for a reduced sales charge if you invest, or agree to invest over a 13-month period, at least $50,000 in Eaton Vance funds. More information about these and other discounts is available from your financial intermediary and in Sales Charges beginning on page 14 of this Prospectus and page 20 of the Fund&#146;s Statement of Additional Information.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 4.5pt 0">Example.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 4.5pt 0">This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:</p> <p style="font: 12pt/normal Times New Roman, Times, Serif; margin: 3pt 0">Portfolio Turnover</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 4.5pt 0">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#147;turns over&#148; the portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in Annual Fund Operating Expenses or in the Example, affect the Fund&#146;s performance. During the most recent fiscal year, the Fund's portfolio turnover rate was 45 % of the average value of its portfolio.</p> <p style="font: 12pt/normal Times New Roman, Times, Serif; margin: 3pt 0">Principal Investment Strategies</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 4.5pt 0">Under normal market conditions, the Fund invests at least 80% of its total assets in a diversified portfolio of common stocks (the &#147;80% Policy&#148;). The Fund invests in large- and mid- capitalization common stocks of U.S. issuers (including depositary receipts evidencing ownership in underlying foreign stocks) . The Fund may also invest up to 40% of its total assets in securities of foreign issuers, some of which may be located in emerging market countries.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 4.5pt 0">The Fund intends to write (sell) call options and purchase put options and/or enter into put option spreads on securities and on one or more broad-based U.S. stock indices, including put options and put spreads on exchange-traded funds (&#147; ETFs &#148;) that replicate such indices. The Fund generally intends to write index call options above the current value of the applicable index to seek to generate premium income and to purchase index put options below the current value of the applicable index to seek to reduce the Fund&#146;s exposure to market risk and volatility. In a put option spread, the Fund writes put options in combination with the purchase of put options at a higher exercise price. This combination seeks to protect the Fund against a decline in price, but only to the stated exercise price of the option written. The Fund may also write (sell) put options on individual stocks deemed attractive for purchase at prices at or above the exercise price of the put options written. As a result of the Fund&#146;s option strategy, the derivatives risk described below may be more significant for the Fund.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 4.5pt 0">In pursuing its investment objective, the Fund will evaluate returns on an after-tax basis, seeking to reduce and defer shareholder taxes. For its investments in dividend-paying stocks, the Fund intends to emphasize stocks that pay dividends that qualify for federal income taxation at rates applicable to long-term capital gains.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 4.5pt 0">To seek to protect against price declines in securities holdings with large accumulated gains, the Fund may use various hedging techniques (such as the sale of futures contracts on stocks and stock indices and options thereon, equity swaps, covered short sales and forward sales of stocks). By using these techniques rather than selling appreciated securities, the Fund can, within certain limitations, reduce its exposure to price declines in the securities without currently realizing substantial capital gains under current federal tax law. Derivatives instruments may also be used to seek return or as a substitute for the purchase or sale of securities or currencies and, in addition to the instruments named above, may include the purchase or sale of forward or futures contracts, options on futures contracts, exchange traded and over-the-counter options and equity collars.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 4.5pt 0">The portfolio managers utilize information provided by, and the expertise of, the investment adviser&#146;s research staff in making investment decisions. Investment decisions are made primarily on the basis of fundamental research, which involves consideration of the various company-specific and general business, economic and market factors that may influence the future performance of individual companies and investments therein. In selecting companies for investment, the portfolio managers look for companies with significant market share, strong recurring sales growth and product entries, strong balance sheets and financial flexibility, among other factors. The portfolio managers will normally consider selling or trimming securities when they believe such securities have become overvalued, when fundamentals deteriorate or when the portfolio managers identify other securities that may result in a better opportunity.</p> <p style="font: 12pt/normal Times New Roman, Times, Serif; margin: 3pt 0">Principal Risks</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 4.5pt 0">Equity Investing Risk. The Fund&#146;s shares are sensitive to stock market volatility and the stocks in which the Fund invests may be more volatile than the stock market as a whole. The prices of stocks may decline in response to conditions affecting the general economy; overall market changes; local, regional or global political, social or economic instability; and currency, interest rate and commodity price fluctuations, as well as issuer or sector specific events. Market conditions may affect certain types of stocks to a greater extent than other types of stocks. If the stock market declines, the value of Fund shares will also likely decline and, although stock values can rebound, there is no assurance that values will return to previous levels.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 4.5pt 0">Derivatives Risk. The use of derivatives can lead to losses because of adverse movements in the price or value of the asset, index, rate or instrument underlying a derivative, due to failure of a counterparty or due to tax or regulatory constraints. Derivatives may create economic leverage in the Fund, which magnifies the Fund&#146;s exposure to the underlying investment. Derivatives risk may be more significant when derivatives are used to enhance return or as a substitute for a cash investment position, rather than solely to hedge the risk of a position held by the Fund. When derivatives are used to gain or limit exposure to a particular market or market segment, their performance may not correlate as expected to the performance of such market , thereby causing the Fund to fail to achieve its original purpose for using such derivatives. The use of derivatives involves the exercise of specialized skill and judgment, and a transaction may be unsuccessful in whole or in part because of market behavior or unexpected events. Derivative instruments traded in over-the-counter markets may be difficult to value, may be illiquid, and may be subject to wide swings in valuation caused by changes in the value of the underlying instrument. If a derivative&#146;s counterparty is unable to honor its commitments, the value of Fund shares may decline and the Fund could experience delays in the return of collateral or other assets held by the counterparty. The loss on derivative transactions may substantially exceed the initial investment.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 4.5pt 0">ETF Risk. Investing in an ETF exposes the Fund to all of the risks of that ETF&#146;s investments and subjects it to a pro rata portion of the ETF&#146;s fees and expenses. As a result, the cost of investing in ETF shares may exceed the costs of investing directly in its underlying investments. ETF shares trade on an exchange at a market price , which may vary from the ETF&#146;s net asset value. The Fund may purchase ETFs at prices that exceed the net asset value of their underlying investments and may sell ETF investments at prices below such net asset value. Because the market price of ETF shares depends on the demand in the market for them, the market price of an ETF may be more volatile than the value of the underlying portfolio of securities the ETF is designed to track, and the Fund may not be able to liquidate ETF holdings at the time and price desired, which may impact Fund performance.</p> <p style="font: 10pt/normal Calibri, Helvetica, Sans-Serif; margin: 4.5pt 0"><font style="font-family: Times New Roman, Times, Serif">Foreign and Emerging Market Investment Risk.</font><font style="font-family: Arial Unicode MS,sans-serif">&#8194;</font><font style="font-family: Times New Roman, Times, Serif">Because the Fund may invest a portion of its assets in foreign instruments, the value of Fund shares can be adversely affected by changes in currency exchange rates and political, economic and market developments abroad. In emerging or less developed countries, these risks can be more significant. Investment markets in emerging market countries are typically substantially smaller, less liquid and more volatile than the major markets in developed countries. As a result, Fund share values may be more volatile than if the Fund invested only in developed markets. Emerging market countries may have relatively unstable governments and economies. Emerging market investments often are subject to speculative trading, which typically contributes to volatility. Trading in foreign and emerging markets typically involves higher expense than trading in the United States. The Fund may have difficulties enforcing its legal or contractual rights in a foreign country. The value of investments denominated in foreign currencies can be adversely affected by changes in foreign currency exchange rates. Depositary receipts are subject to many of the risks associated with investing directly in foreign securities, including political, economic and market risks. </font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 4.5pt 0">Tax-Managed Investing Risk. Market conditions may limit the Fund&#146;s ability to generate tax losses or to generate dividend income taxed at favorable tax rates. The Fund&#146;s tax-managed strategy may cause the Fund to hold a security in order to achieve more favorable tax-treatment or to sell a security in order to create tax losses. The Fund&#146;s ability to utilize various tax-management techniques may be curtailed or eliminated in the future by tax legislation or regulation. Although the Fund expects that a smaller portion of its total return will consist of taxable distributions to shareholders as compared to equity mutual funds that are managed without regard to tax considerations, there can be no assurance about the size of taxable distributions to shareholders.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 4.5pt 0">Risks Associated with Active Management. The Fund is an actively managed portfolio and its success depends upon the investment skills and analytical abilities of the investment adviser to develop and effectively implement strategies to achieve the Fund&#146;s investment objective. Subjective decisions made by the investment adviser may cause the Fund to incur losses or to miss profit opportunities on which it may otherwise have capitalized.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 4.5pt 0">General Fund Investing Risks. The Fund is not a complete investment program and you may lose money by investing in the Fund. All investments carry a certain amount of risk and there is no guarantee that the Fund will be able to achieve its investment objective. Annual Fund Operating Expenses expressed as a percentage of the Fund&#146;s average daily net assets may change as Fund assets increase and decrease, and Annual Fund Operating Expenses may differ in the future. Purchase and redemption activities by Fund shareholders may impact the management of the Fund and its ability to achieve its investment objective. In addition, the redemption by one or more large shareholders or groups of shareholders of their holdings in the Fund could have an adverse impact on the remaining shareholders in the Fund. Investors in the Fund should have a long-term investment perspective and be able to tolerate potentially sharp declines in value. An investment in the Fund is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency, entity or person. Mutual funds, investment advisers, other market participants and many securities markets are subject to rules and regulations and the jurisdiction of one or more regulators. Changes to applicable rules and regulations could have an adverse affect on securities markets and market participants, as well as on the Fund&#146;s ability to execute its investment strategy.</p> <p style="font: 12pt/normal Times New Roman, Times, Serif; margin: 3pt 0">Performance</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 4.5pt 0">The following bar chart and table provide some indication of the risks of investing in the Fund by showing changes in the Fund&#146;s performance from year to year and how the Fund&#146;s average annual returns over time compare with those of a broad measure of equity market performance and a measure of the performance of investment grade bonds. The returns in the bar chart are for Class A shares and do not reflect a sales charge. If the sales charge was reflected, the returns would be lower. Past performance (both before and after taxes) is no guarantee of future results. The Fund&#146;s performance reflects the effects of expense reductions. Absent these reductions, performance would have been lower. Updated Fund performance information can be obtained by visiting www.eatonvance.com.</p> <p style="font: 9pt/10pt Times New Roman, Times, Serif; margin: 2.25pt 0">These returns reflect the maximum sales charge for Class A (5.75%) and any applicable contingent deferred sales charge (&#147;CDSC&#148;) for Class C. Class A, Class C and Class I commenced operations on February 29, 2008. Investors cannot invest directly in an Index.</p> <p style="font: 9pt/10pt Times New Roman, Times, Serif; margin: 2.25pt 0">After-tax returns are calculated using the highest historical individual federal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on a shareholder&#146;s tax situation and the actual characterization of distributions, and may differ from those shown. After-tax returns are not relevant to shareholders who hold shares in tax-deferred accounts or to shares held by non-taxable entities. After-tax returns for other Classes of shares will vary from the after-tax returns presented for Class A shares. Return After Taxes on Distributions for a period may be the same as Return Before Taxes for that period because no taxable distributions were made during that period. Also, Return After Taxes on Distributions and the Sale of Fund Shares for a period may be greater than or equal to Return After Taxes on Distributions for the same period because of losses realized on the sale of Fund shares.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 4.5pt 0">&#160;</p> <p style="font: 9pt/normal Times New Roman, Times, Serif; margin: 4.5pt 0">During the period from December 31, 2008 through December 31, 2013 , the highest quarterly total return for Class A was 6.87 % for the quarter ended December 31, 2013 , and the lowest quarterly return was &#150; 5.92% for the quarter ended September 30, 2011.</p> 0.1655 0.0069 0.0069 0.0069 -0.0059 -0.0059 -0.0059 709 318 117 1100 794 490 1535 1397 888 2714 3028 2003 709 218 117 1100 794 490 1535 1397 888 2714 3028 2003 0.3239 0.0982 0.0971 0.0680 0.1452 0.1669 -0.0202 0.1793 0.0278 0.0264 0.0303 0.0322 0.0426 0.0444 0.0764 0.0156 0.0094 0.0188 0.0182 0.0284 0.0449 <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 4.5pt 0"> You may qualify for a reduced sales charge if you invest, or agree to invest over a 13-month period, at least $50,000 in Eaton Vance funds. More information about these and other discounts is available from your financial intermediary and in Sales Charges beginning on page 14 of this Prospectus and page 20 of the Fund&#146;s Statement of Additional Information.</p> 0.45 <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 4.5pt 0">Under normal market conditions, the Fund invests at least 80% of its total assets in a diversified portfolio of common stocks (the &#147;80% Policy&#148;). The Fund invests in large- and mid- capitalization common stocks of U.S. issuers (including depositary receipts evidencing ownership in underlying foreign stocks) . The Fund may also invest up to 40% of its total assets in securities of foreign issuers, some of which may be located in emerging market countries.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 4.5pt 0">The following bar chart and table provide some indication of the risks of investing in the Fund by showing changes in the Fund&#146;s performance from year to year and how the Fund&#146;s average annual returns over time compare with those of a broad measure of equity market performance and a measure of the performance of investment grade bonds. </p> 0.0687 <p style="font: 9pt/10pt Times New Roman, Times, Serif; margin: 2.25pt 0">These returns reflect the maximum sales charge for Class A (5.75%) and any applicable contingent deferred sales charge (&#147;CDSC&#148;) for Class C.</p> <div style="display: none">~ http://xbrl.sec.gov/rr/role/ShareholderFeesData column period compact * column dei_LegalEntityAxis compact EVSIT_S000021070Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display: none">~ http://xbrl.sec.gov/rr/role/OperatingExpensesData column period compact * column dei_LegalEntityAxis compact EVSIT_S000021070Member 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 EVSIT_S000021070Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display: none">~ http://xbrl.sec.gov/rr/role/BarChartData column period compact * column dei_LegalEntityAxis compact EVSIT_S000021070Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display: none">~ http://xbrl.sec.gov/rr/role/PerformanceTableData column period compact * column dei_LegalEntityAxis compact EVSIT_S000021070Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display: none">~ http://xbrl.sec.gov/rr/role/ExpenseExampleNoRedemption column period compact * column dei_LegalEntityAxis compact EVSIT_S000021070Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> The investment adviser, sub-adviser and administrator have agreed to reimburse the Fund's expenses to the extent that Total Annual Fund Operating Expenses exceed 1.40% for Class A shares, 2.15% for Class C shares and 1.15% for Class I shares. This expense reimbursement will continue through March 31, 2015. Any amendment to or a termination of this reimbursement would require written approval of the Board of Trustees. The expense reimbursement relates to ordinary operating expenses only and does not include expenses such as: brokerage commissions, acquired fund fees and expenses of unaffiliated funds, interest expense, taxes or litigation expenses. Amounts reimbursed may be recouped by the investment adviser, sub-adviser and administrator during the Fund's current fiscal year to the extent actual expenses are less than the contractual expense cap during such year. EX-101.DEF 3 evsit-20130328_def.xml XBRL TAXONOMY EXTENSION DEFINITION LINKBASE DOCUMENT EX-101.LAB 4 evsit-20130328_lab.xml XBRL TAXONOMY EXTENSION LABELS LINKBASE DOCUMENT Eaton Vance Risk-Managed Equity Option Fund Legal Entity [Axis] S&P 500 Index Performance Measure [Axis] Class A Share Class [Axis] After Taxes on Distributions After Taxes on Distributions and Sales Class C Class I Barclays US Aggregate Bond Index Document Type Document Period End Date Registrant Name Central Index Key Amendment Flag Amendment Description Trading Symbol Document Creation Date Document Effective Date Prospectus Date Risk/Return [Heading] Objective [Heading] Objective, Primary [Text Block] Objective, Secondary [Text Block] Expense [Heading] Expense Narrative [Text Block] Shareholder Fees Caption [Text] Shareholder Fees Column [Text] Maximum Cumulative Sales Charge (as a percentage of Offering Price) Maximum Cumulative Sales Charge (as a percentage) Maximum Sales Charge (Load) (as a percentage of offering price) Maximum Deferred Sales Charge (as a percentage of Offering Price) Maximum Deferred Sales Charge (Load) (as a percentage of the lower of net asset value at purchase or redemption) Maximum Sales Charge on Reinvested Dividends and Distributions (as a percentage) Redemption Fee (as a percentage of Amount Redeemed) Redemption Fee Exchange Fee (as a percentage of Amount Redeemed) Exchange Fee Maximum Account Fee (as a percentage of Assets) Maximum Account Fee Shareholder Fee, Other Operating Expenses Caption [Text] Operating Expenses Column [Text] Management Fees Distribution and Service (12b-1) Fees Distribution or Similar (Non 12b-1) Fees Component1 Other Expenses Component2 Other Expenses Component3 Other Expenses Other Expenses Acquired Fund Fees and Expenses Total Annual Fund Operating Expenses Expense Reimbursement Total Annual Fund Operating Expenses After Expense Reimbursement Fee Waiver or Reimbursement over Assets, Date of Termination Portfolio Turnover [Heading] Portfolio Turnover [Text Block] Portfolio Turnover, Rate Expense Footnotes [Text Block] Expenses Deferred Charges [Text Block] Expenses Range of Exchange Fees [Text Block] Expense Breakpoint Discounts [Text] Expense Breakpoint, Minimum Investment Required [Amount] Expense Exchange Traded Fund Commissions [Text] Expenses Represent Both Master and Feeder [Text] Expenses Explanation of Nonrecurring Account Fee [Text] Other Expenses, New Fund, Based on Estimates [Text] Acquired Fund Fees and Expenses, Based on Estimates [Text] Expenses Other Expenses Had Extraordinary Expenses Been Included [Text] Expenses Restated to Reflect Current [Text] Expenses Not Correlated to Ratio Due to Acquired Fund Fees [Text] Expense Example [Heading] Expense Example by Year [Heading] Expense Example Narrative [Text Block] Expense Example by, Year, Caption [Text] Expense Example, with Redemption, 1 Year Expense Example, with Redemption, 3 Years Expense Example, with Redemption, 5 Years Expense Example, with Redemption, 10 Years Expense Example, No Redemption Narrative [Text Block] Expense Example, No Redemption, By Year, Caption [Text] Expense Example, No Redemption, 1 Year Expense Example, No Redemption, 3 Years Expense Example, No Redemption, 5 Years Expense Example, No Redemption, 10 Years Expense Example Footnotes [Text Block] Expense Example Closing [Text Block] Strategy [Heading] Strategy Narrative [Text Block] Strategy Portfolio Concentration [Text] Risk [Heading] Risk Narrative [Text Block] Risk Footnotes [Text Block] Risk Closing [Text Block] Risk Lose Money [Text] Risk Nondiversified Status [Text] Risk Money Market Fund [Text] Risk Not Insured Depository Institution [Text] Risk Caption Risk Column [Text] Risk [Text] Bar Chart and Performance Table [Heading] Performance Narrative [Text Block] Performance Information Illustrates Variability of Returns [Text] Performance One Year or Less [Text] Performance Additional Market Index [Text] Performance Availability Phone [Text] Performance Availability Website Address [Text] Performance Past Does Not Indicate Future [Text] Bar Chart [Heading] Bar Chart Narrative [Text Block] Bar Chart Does Not Reflect Sales Loads [Text] Annual Return Caption [Text] Annual Return, Column [Text] Annual Return, Inception Date Annual Return 1990 Annual Return 1991 Annual Return 1992 Annual Return 1993 Annual Return 1994 Annual Return 1995 Annual Return 1996 Annual Return 1997 Annual Return 1998 Annual Return 1999 Annual Return 2000 Annual Return 2001 Annual Return 2002 Annual Return 2003 Annual Return 2004 Annual Return 2005 Annual Return 2006 Annual Return 2007 Annual Return 2008 Annual Return 2009 Annual Return 2010 Annual Return 2011 Annual Return 2012 Annual Return 2013 Annual Return 2014 Annual Return 2015 Annual Return 2016 Annual Return 2017 Annual Return 2018 Annual Return 2019 Annual Return 2020 Bar Chart Footnotes [Text Block] Bar Chart Closing [Text Block] Bar Chart, Reason Selected Class Different from Immediately Preceding Period [Text] Bar Chart, Returns for Class Not Offered in Prospectus [Text] Year to Date Return, Label Bar Chart, Year to Date Return, Date Bar Chart, Year to Date Return Highest Quarterly Return, Label Highest Quarterly Return, Date Highest Quarterly Return Lowest Quarterly Return, Label Lowest Quarterly Return, Date Lowest Quarterly Return Performance Table Heading Performance Table Does Reflect Sales Loads Performance Table Market Index Changed Index No Deduction for Fees, Expenses, Taxes [Text] Performance Table Uses Highest Federal Rate Performance Table Not Relevant to Tax Deferred Performance Table One Class of after Tax Shown [Text] Performance Table Explanation after Tax Higher Performance Table Narrative Performance Table Footnotes, Reason Performance Information for Class Different from Immediately Preceding Period [Text] Performance Table Footnotes Performance Table Closing [Text Block] Caption Column Label 1 Year 5 Years 10 Years Life of Fund Inception Date Money Market Seven Day Yield, Caption [Text] Money Market Seven Day Yield Column [Text] Money Market Seven Day Yield Phone Money Market Seven Day Yield Money Market Seven Day Tax Equivalent Yield Thirty Day Yield Caption Thirty Day Yield Column [Text] Thirty Day Yield Phone Thirty Day Yield Thirty Day Tax Equivalent Yield Shareholder Fees [Table] Annual Fund Operating Expenses [Table] Expense Example, With Redemption [Table] Expense Example, No Redemption [Table] Bar Chart [Table] Performance [Table] Market Index Performance [Table] Expense Example, By Year, Column [Text] 1 Year 3 Years 5 Years 10 Years Expense Example, No Redemption, By Year, Column [Text] 1 Year 3 Years 5 Years 10 Years Risk/Return Detail [Table] EX-101.PRE 5 evsit-20130328_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT EX-101.SCH 6 evsit-20130328.xsd XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT EXCEL 7 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx 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Label Element Value
[RiskReturnAbstract] rr_RiskReturnAbstract  
Document Type dei_DocumentType 485BPOS
Document Period End Date dei_DocumentPeriodEndDate Nov. 30, 2013
Registrant Name dei_EntityRegistrantName Eaton Vance Special Investment Trust
Central Index Key dei_EntityCentralIndexKey 0000031266
Amendment Flag dei_AmendmentFlag false
Document Creation Date dei_DocumentCreationDate Mar. 27, 2014
Document Effective Date dei_DocumentEffectiveDate Apr. 01, 2014
Prospectus Date rr_ProspectusDate Apr. 01, 2014
Eaton Vance Risk-Managed Equity Option Fund
 
[RiskReturnAbstract] rr_RiskReturnAbstract  
Objective [Heading] rr_ObjectiveHeading

Investment Objective

Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

The Fund’s investment objective is to seek total return.

Expense [Heading] rr_ExpenseHeading

Fees and Expenses of the Fund

Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock

This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for a reduced sales charge if you invest, or agree to invest over a 13-month period, at least $50,000 in Eaton Vance funds. More information about these and other discounts is available from your financial intermediary and in Sales Charges beginning on page 14 of this Prospectus and page 20 of the Fund’s Statement of Additional Information.

Shareholder Fees Caption [Text] rr_ShareholderFeesCaption

Shareholder Fees (fees paid directly from your investment)

Operating Expenses Caption [Text] rr_OperatingExpensesCaption

Annual Fund Operating Expenses (expenses you pay each year as a percentage of the value of your investment)

Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading

Portfolio Turnover

Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” the portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in Annual Fund Operating Expenses or in the Example, affect the Fund’s performance. During the most recent fiscal year, the Fund's portfolio turnover rate was 45 % of the average value of its portfolio.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 45.00%
Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts

You may qualify for a reduced sales charge if you invest, or agree to invest over a 13-month period, at least $50,000 in Eaton Vance funds. More information about these and other discounts is available from your financial intermediary and in Sales Charges beginning on page 14 of this Prospectus and page 20 of the Fund’s Statement of Additional Information.

Expense Breakpoint, Minimum Investment Required [Amount] rr_ExpenseBreakpointMinimumInvestmentRequiredAmount $ 50,000
Expense Example [Heading] rr_ExpenseExampleHeading

Example.

Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Strategy [Heading] rr_StrategyHeading

Principal Investment Strategies

Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

Under normal market conditions, the Fund invests at least 80% of its total assets in a diversified portfolio of common stocks (the “80% Policy”). The Fund invests in large- and mid- capitalization common stocks of U.S. issuers (including depositary receipts evidencing ownership in underlying foreign stocks) . The Fund may also invest up to 40% of its total assets in securities of foreign issuers, some of which may be located in emerging market countries.

The Fund intends to write (sell) call options and purchase put options and/or enter into put option spreads on securities and on one or more broad-based U.S. stock indices, including put options and put spreads on exchange-traded funds (“ ETFs ”) that replicate such indices. The Fund generally intends to write index call options above the current value of the applicable index to seek to generate premium income and to purchase index put options below the current value of the applicable index to seek to reduce the Fund’s exposure to market risk and volatility. In a put option spread, the Fund writes put options in combination with the purchase of put options at a higher exercise price. This combination seeks to protect the Fund against a decline in price, but only to the stated exercise price of the option written. The Fund may also write (sell) put options on individual stocks deemed attractive for purchase at prices at or above the exercise price of the put options written. As a result of the Fund’s option strategy, the derivatives risk described below may be more significant for the Fund.

In pursuing its investment objective, the Fund will evaluate returns on an after-tax basis, seeking to reduce and defer shareholder taxes. For its investments in dividend-paying stocks, the Fund intends to emphasize stocks that pay dividends that qualify for federal income taxation at rates applicable to long-term capital gains.

To seek to protect against price declines in securities holdings with large accumulated gains, the Fund may use various hedging techniques (such as the sale of futures contracts on stocks and stock indices and options thereon, equity swaps, covered short sales and forward sales of stocks). By using these techniques rather than selling appreciated securities, the Fund can, within certain limitations, reduce its exposure to price declines in the securities without currently realizing substantial capital gains under current federal tax law. Derivatives instruments may also be used to seek return or as a substitute for the purchase or sale of securities or currencies and, in addition to the instruments named above, may include the purchase or sale of forward or futures contracts, options on futures contracts, exchange traded and over-the-counter options and equity collars.

The portfolio managers utilize information provided by, and the expertise of, the investment adviser’s research staff in making investment decisions. Investment decisions are made primarily on the basis of fundamental research, which involves consideration of the various company-specific and general business, economic and market factors that may influence the future performance of individual companies and investments therein. In selecting companies for investment, the portfolio managers look for companies with significant market share, strong recurring sales growth and product entries, strong balance sheets and financial flexibility, among other factors. The portfolio managers will normally consider selling or trimming securities when they believe such securities have become overvalued, when fundamentals deteriorate or when the portfolio managers identify other securities that may result in a better opportunity.

Strategy Portfolio Concentration [Text] rr_StrategyPortfolioConcentration

Under normal market conditions, the Fund invests at least 80% of its total assets in a diversified portfolio of common stocks (the “80% Policy”). The Fund invests in large- and mid- capitalization common stocks of U.S. issuers (including depositary receipts evidencing ownership in underlying foreign stocks) . The Fund may also invest up to 40% of its total assets in securities of foreign issuers, some of which may be located in emerging market countries.

Risk [Heading] rr_RiskHeading

Principal Risks

Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

Equity Investing Risk. The Fund’s shares are sensitive to stock market volatility and the stocks in which the Fund invests may be more volatile than the stock market as a whole. The prices of stocks may decline in response to conditions affecting the general economy; overall market changes; local, regional or global political, social or economic instability; and currency, interest rate and commodity price fluctuations, as well as issuer or sector specific events. Market conditions may affect certain types of stocks to a greater extent than other types of stocks. If the stock market declines, the value of Fund shares will also likely decline and, although stock values can rebound, there is no assurance that values will return to previous levels.

Derivatives Risk. The use of derivatives can lead to losses because of adverse movements in the price or value of the asset, index, rate or instrument underlying a derivative, due to failure of a counterparty or due to tax or regulatory constraints. Derivatives may create economic leverage in the Fund, which magnifies the Fund’s exposure to the underlying investment. Derivatives risk may be more significant when derivatives are used to enhance return or as a substitute for a cash investment position, rather than solely to hedge the risk of a position held by the Fund. When derivatives are used to gain or limit exposure to a particular market or market segment, their performance may not correlate as expected to the performance of such market , thereby causing the Fund to fail to achieve its original purpose for using such derivatives. The use of derivatives involves the exercise of specialized skill and judgment, and a transaction may be unsuccessful in whole or in part because of market behavior or unexpected events. Derivative instruments traded in over-the-counter markets may be difficult to value, may be illiquid, and may be subject to wide swings in valuation caused by changes in the value of the underlying instrument. If a derivative’s counterparty is unable to honor its commitments, the value of Fund shares may decline and the Fund could experience delays in the return of collateral or other assets held by the counterparty. The loss on derivative transactions may substantially exceed the initial investment.

ETF Risk. Investing in an ETF exposes the Fund to all of the risks of that ETF’s investments and subjects it to a pro rata portion of the ETF’s fees and expenses. As a result, the cost of investing in ETF shares may exceed the costs of investing directly in its underlying investments. ETF shares trade on an exchange at a market price , which may vary from the ETF’s net asset value. The Fund may purchase ETFs at prices that exceed the net asset value of their underlying investments and may sell ETF investments at prices below such net asset value. Because the market price of ETF shares depends on the demand in the market for them, the market price of an ETF may be more volatile than the value of the underlying portfolio of securities the ETF is designed to track, and the Fund may not be able to liquidate ETF holdings at the time and price desired, which may impact Fund performance.

Foreign and Emerging Market Investment Risk.Because the Fund may invest a portion of its assets in foreign instruments, the value of Fund shares can be adversely affected by changes in currency exchange rates and political, economic and market developments abroad. In emerging or less developed countries, these risks can be more significant. Investment markets in emerging market countries are typically substantially smaller, less liquid and more volatile than the major markets in developed countries. As a result, Fund share values may be more volatile than if the Fund invested only in developed markets. Emerging market countries may have relatively unstable governments and economies. Emerging market investments often are subject to speculative trading, which typically contributes to volatility. Trading in foreign and emerging markets typically involves higher expense than trading in the United States. The Fund may have difficulties enforcing its legal or contractual rights in a foreign country. The value of investments denominated in foreign currencies can be adversely affected by changes in foreign currency exchange rates. Depositary receipts are subject to many of the risks associated with investing directly in foreign securities, including political, economic and market risks.

Tax-Managed Investing Risk. Market conditions may limit the Fund’s ability to generate tax losses or to generate dividend income taxed at favorable tax rates. The Fund’s tax-managed strategy may cause the Fund to hold a security in order to achieve more favorable tax-treatment or to sell a security in order to create tax losses. The Fund’s ability to utilize various tax-management techniques may be curtailed or eliminated in the future by tax legislation or regulation. Although the Fund expects that a smaller portion of its total return will consist of taxable distributions to shareholders as compared to equity mutual funds that are managed without regard to tax considerations, there can be no assurance about the size of taxable distributions to shareholders.

Risks Associated with Active Management. The Fund is an actively managed portfolio and its success depends upon the investment skills and analytical abilities of the investment adviser to develop and effectively implement strategies to achieve the Fund’s investment objective. Subjective decisions made by the investment adviser may cause the Fund to incur losses or to miss profit opportunities on which it may otherwise have capitalized.

General Fund Investing Risks. The Fund is not a complete investment program and you may lose money by investing in the Fund. All investments carry a certain amount of risk and there is no guarantee that the Fund will be able to achieve its investment objective. Annual Fund Operating Expenses expressed as a percentage of the Fund’s average daily net assets may change as Fund assets increase and decrease, and Annual Fund Operating Expenses may differ in the future. Purchase and redemption activities by Fund shareholders may impact the management of the Fund and its ability to achieve its investment objective. In addition, the redemption by one or more large shareholders or groups of shareholders of their holdings in the Fund could have an adverse impact on the remaining shareholders in the Fund. Investors in the Fund should have a long-term investment perspective and be able to tolerate potentially sharp declines in value. An investment in the Fund is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency, entity or person. Mutual funds, investment advisers, other market participants and many securities markets are subject to rules and regulations and the jurisdiction of one or more regulators. Changes to applicable rules and regulations could have an adverse affect on securities markets and market participants, as well as on the Fund’s ability to execute its investment strategy.

Risk Lose Money [Text] rr_RiskLoseMoney

 The Fund is not a complete investment program and you may lose money by investing in the Fund.

Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution

An investment in the Fund is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency, entity or person.

Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading

Performance

Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock

The following bar chart and table provide some indication of the risks of investing in the Fund by showing changes in the Fund’s performance from year to year and how the Fund’s average annual returns over time compare with those of a broad measure of equity market performance and a measure of the performance of investment grade bonds. The returns in the bar chart are for Class A shares and do not reflect a sales charge. If the sales charge was reflected, the returns would be lower. Past performance (both before and after taxes) is no guarantee of future results. The Fund’s performance reflects the effects of expense reductions. Absent these reductions, performance would have been lower. Updated Fund performance information can be obtained by visiting www.eatonvance.com.

Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns

The following bar chart and table provide some indication of the risks of investing in the Fund by showing changes in the Fund’s performance from year to year and how the Fund’s average annual returns over time compare with those of a broad measure of equity market performance and a measure of the performance of investment grade bonds.

Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress

www.eatonvance.com

Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture

Past performance (both before and after taxes) is no guarantee of future results.

Bar Chart Does Not Reflect Sales Loads [Text] rr_BarChartDoesNotReflectSalesLoads

The returns in the bar chart are for Class A shares and do not reflect a sales charge.  If the sales charge was reflected, the returns would be lower.

Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock

 

During the period from December 31, 2008 through December 31, 2013 , the highest quarterly total return for Class A was 6.87 % for the quarter ended December 31, 2013 , and the lowest quarterly return was – 5.92% for the quarter ended September 30, 2011.

Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel

During the period from December 31, 2008 through December 31, 2013, the highest quarterly total return for Class A was

Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Dec. 31, 2013
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 6.87%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel

and the lowest quarterly return was

Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Sep. 30, 2011
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (5.92%)
Performance Table Does Reflect Sales Loads rr_PerformanceTableDoesReflectSalesLoads

These returns reflect the maximum sales charge for Class A (5.75%) and any applicable contingent deferred sales charge (“CDSC”) for Class C.

Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the highest historical individual federal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on a shareholder's tax situation and the actual characterization of distributions, and may differ from those shown.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred After-tax returns are not relevant to shareholders who hold shares in tax-deferred accounts or to shares held by non-taxable entities.
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown After-tax returns for other Classes of shares will vary from the after-tax returns presented for Class A shares.
Performance Table Explanation after Tax Higher rr_PerformanceTableExplanationAfterTaxHigher Return After Taxes on Distributions for a period may be the same as Return Before Taxes for a period because no taxable distributions were made during that period. Also, Return After Taxes on Distributions and Sale of Fund Shares for a period may be greater than or equal to Return After Taxes on Distributions for the same period because of losses realized on the sale of Fund shares.
Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock

These returns reflect the maximum sales charge for Class A (5.75%) and any applicable contingent deferred sales charge (“CDSC”) for Class C. Class A, Class C and Class I commenced operations on February 29, 2008. Investors cannot invest directly in an Index.

After-tax returns are calculated using the highest historical individual federal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on a shareholder’s tax situation and the actual characterization of distributions, and may differ from those shown. After-tax returns are not relevant to shareholders who hold shares in tax-deferred accounts or to shares held by non-taxable entities. After-tax returns for other Classes of shares will vary from the after-tax returns presented for Class A shares. Return After Taxes on Distributions for a period may be the same as Return Before Taxes for that period because no taxable distributions were made during that period. Also, Return After Taxes on Distributions and the Sale of Fund Shares for a period may be greater than or equal to Return After Taxes on Distributions for the same period because of losses realized on the sale of Fund shares.

Eaton Vance Risk-Managed Equity Option Fund | Class A
 
[RiskReturnAbstract] rr_RiskReturnAbstract  
Trading Symbol dei_TradingSymbol EROAX
Maximum Sales Charge (Load) (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 5.75%
Maximum Deferred Sales Charge (Load) (as a percentage of the lower of net asset value at purchase or redemption) rr_MaximumDeferredSalesChargeOverOther none
Management Fees rr_ManagementFeesOverAssets 1.05%
Distribution and Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 0.69%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.99%
Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.59%) [1]
Total Annual Fund Operating Expenses After Expense Reimbursement rr_NetExpensesOverAssets 1.40%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 709
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 1,100
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,535
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 2,714
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 709
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 1,100
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 1,535
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 2,714
Annual Return 2009 rr_AnnualReturn2009 6.36%
Annual Return 2010 rr_AnnualReturn2010 (1.45%)
Annual Return 2011 rr_AnnualReturn2011 (4.15%)
Annual Return 2012 rr_AnnualReturn2012 3.95%
Annual Return 2013 rr_AnnualReturn2013 16.55%
1 Year rr_AverageAnnualReturnYear01 9.82%
5 Years rr_AverageAnnualReturnYear05 2.78%
Life of Fund rr_AverageAnnualReturnSinceInception 1.56%
Inception Date rr_AverageAnnualReturnInceptionDate Feb. 29, 2008
Eaton Vance Risk-Managed Equity Option Fund | Class C
 
[RiskReturnAbstract] rr_RiskReturnAbstract  
Trading Symbol dei_TradingSymbol EROCX
Maximum Sales Charge (Load) (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a percentage of the lower of net asset value at purchase or redemption) rr_MaximumDeferredSalesChargeOverOther 1.00%
Management Fees rr_ManagementFeesOverAssets 1.05%
Distribution and Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other Expenses rr_OtherExpensesOverAssets 0.69%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 2.74%
Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.59%) [1]
Total Annual Fund Operating Expenses After Expense Reimbursement rr_NetExpensesOverAssets 2.15%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 318
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 794
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,397
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 3,028
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 218
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 794
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 1,397
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 3,028
1 Year rr_AverageAnnualReturnYear01 14.52%
5 Years rr_AverageAnnualReturnYear05 3.22%
Life of Fund rr_AverageAnnualReturnSinceInception 1.82%
Eaton Vance Risk-Managed Equity Option Fund | Class I
 
[RiskReturnAbstract] rr_RiskReturnAbstract  
Trading Symbol dei_TradingSymbol EROIX
Maximum Sales Charge (Load) (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a percentage of the lower of net asset value at purchase or redemption) rr_MaximumDeferredSalesChargeOverOther none
Management Fees rr_ManagementFeesOverAssets 1.05%
Distribution and Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.69%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.74%
Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.59%) [1]
Total Annual Fund Operating Expenses After Expense Reimbursement rr_NetExpensesOverAssets 1.15%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 117
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 490
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 888
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 2,003
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 117
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 490
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 888
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 2,003
1 Year rr_AverageAnnualReturnYear01 16.69%
5 Years rr_AverageAnnualReturnYear05 4.26%
Life of Fund rr_AverageAnnualReturnSinceInception 2.84%
Eaton Vance Risk-Managed Equity Option Fund | After Taxes on Distributions | Class A
 
[RiskReturnAbstract] rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 9.71%
5 Years rr_AverageAnnualReturnYear05 2.64%
Life of Fund rr_AverageAnnualReturnSinceInception 0.94%
Eaton Vance Risk-Managed Equity Option Fund | After Taxes on Distributions and Sales | Class A
 
[RiskReturnAbstract] rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 6.80%
5 Years rr_AverageAnnualReturnYear05 3.03%
Life of Fund rr_AverageAnnualReturnSinceInception 1.88%
Eaton Vance Risk-Managed Equity Option Fund | S&P 500 Index
 
[RiskReturnAbstract] rr_RiskReturnAbstract  
Index No Deduction for Fees, Expenses, Taxes [Text] rr_IndexNoDeductionForFeesExpensesTaxes (reflects no deduction for fees, expenses or taxes)
1 Year rr_AverageAnnualReturnYear01 32.39%
5 Years rr_AverageAnnualReturnYear05 17.93%
Life of Fund rr_AverageAnnualReturnSinceInception 7.64%
Eaton Vance Risk-Managed Equity Option Fund | Barclays US Aggregate Bond Index
 
[RiskReturnAbstract] rr_RiskReturnAbstract  
Index No Deduction for Fees, Expenses, Taxes [Text] rr_IndexNoDeductionForFeesExpensesTaxes (reflects no deduction for fees, expenses or taxes)
1 Year rr_AverageAnnualReturnYear01 (2.02%)
5 Years rr_AverageAnnualReturnYear05 4.44%
Life of Fund rr_AverageAnnualReturnSinceInception 4.49%
[1] The investment adviser, sub-adviser and administrator have agreed to reimburse the Fund's expenses to the extent that Total Annual Fund Operating Expenses exceed 1.40% for Class A shares, 2.15% for Class C shares and 1.15% for Class I shares. This expense reimbursement will continue through March 31, 2015. Any amendment to or a termination of this reimbursement would require written approval of the Board of Trustees. The expense reimbursement relates to ordinary operating expenses only and does not include expenses such as: brokerage commissions, acquired fund fees and expenses of unaffiliated funds, interest expense, taxes or litigation expenses. Amounts reimbursed may be recouped by the investment adviser, sub-adviser and administrator during the Fund's current fiscal year to the extent actual expenses are less than the contractual expense cap during such year.
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Eaton Vance Risk-Managed Equity Option Fund

Investment Objective

The Fund’s investment objective is to seek total return.

Fees and Expenses of the Fund

This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for a reduced sales charge if you invest, or agree to invest over a 13-month period, at least $50,000 in Eaton Vance funds. More information about these and other discounts is available from your financial intermediary and in Sales Charges beginning on page 14 of this Prospectus and page 20 of the Fund’s Statement of Additional Information.

Shareholder Fees (fees paid directly from your investment)

Shareholder Fees Eaton Vance Risk-Managed Equity Option Fund
Class A
Class C
Class I
Maximum Sales Charge (Load) (as a percentage of offering price) 5.75% none none
Maximum Deferred Sales Charge (Load) (as a percentage of the lower of net asset value at purchase or redemption) none 1.00% none

Annual Fund Operating Expenses (expenses you pay each year as a percentage of the value of your investment)

Annual Fund Operating Expenses Eaton Vance Risk-Managed Equity Option Fund
Class A
Class C
Class I
Management Fees 1.05% 1.05% 1.05%
Distribution and Service (12b-1) Fees 0.25% 1.00% none
Other Expenses 0.69% 0.69% 0.69%
Total Annual Fund Operating Expenses 1.99% 2.74% 1.74%
Expense Reimbursement [1] (0.59%) (0.59%) (0.59%)
Total Annual Fund Operating Expenses After Expense Reimbursement 1.40% 2.15% 1.15%
[1] The investment adviser, sub-adviser and administrator have agreed to reimburse the Fund's expenses to the extent that Total Annual Fund Operating Expenses exceed 1.40% for Class A shares, 2.15% for Class C shares and 1.15% for Class I shares. This expense reimbursement will continue through March 31, 2015. Any amendment to or a termination of this reimbursement would require written approval of the Board of Trustees. The expense reimbursement relates to ordinary operating expenses only and does not include expenses such as: brokerage commissions, acquired fund fees and expenses of unaffiliated funds, interest expense, taxes or litigation expenses. Amounts reimbursed may be recouped by the investment adviser, sub-adviser and administrator during the Fund's current fiscal year to the extent actual expenses are less than the contractual expense cap during such year.

Example.

This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Expense Example Eaton Vance Risk-Managed Equity Option Fund (USD $)
1 Year
3 Years
5 Years
10 Years
Class A
709 1,100 1,535 2,714
Class C
318 794 1,397 3,028
Class I
117 490 888 2,003
Expense Example, No Redemption Eaton Vance Risk-Managed Equity Option Fund (USD $)
1 Year
3 Years
5 Years
10 Years
Class A
709 1,100 1,535 2,714
Class C
218 794 1,397 3,028
Class I
117 490 888 2,003

Portfolio Turnover

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” the portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in Annual Fund Operating Expenses or in the Example, affect the Fund’s performance. During the most recent fiscal year, the Fund's portfolio turnover rate was 45 % of the average value of its portfolio.

Principal Investment Strategies

Under normal market conditions, the Fund invests at least 80% of its total assets in a diversified portfolio of common stocks (the “80% Policy”). The Fund invests in large- and mid- capitalization common stocks of U.S. issuers (including depositary receipts evidencing ownership in underlying foreign stocks) . The Fund may also invest up to 40% of its total assets in securities of foreign issuers, some of which may be located in emerging market countries.

The Fund intends to write (sell) call options and purchase put options and/or enter into put option spreads on securities and on one or more broad-based U.S. stock indices, including put options and put spreads on exchange-traded funds (“ ETFs ”) that replicate such indices. The Fund generally intends to write index call options above the current value of the applicable index to seek to generate premium income and to purchase index put options below the current value of the applicable index to seek to reduce the Fund’s exposure to market risk and volatility. In a put option spread, the Fund writes put options in combination with the purchase of put options at a higher exercise price. This combination seeks to protect the Fund against a decline in price, but only to the stated exercise price of the option written. The Fund may also write (sell) put options on individual stocks deemed attractive for purchase at prices at or above the exercise price of the put options written. As a result of the Fund’s option strategy, the derivatives risk described below may be more significant for the Fund.

In pursuing its investment objective, the Fund will evaluate returns on an after-tax basis, seeking to reduce and defer shareholder taxes. For its investments in dividend-paying stocks, the Fund intends to emphasize stocks that pay dividends that qualify for federal income taxation at rates applicable to long-term capital gains.

To seek to protect against price declines in securities holdings with large accumulated gains, the Fund may use various hedging techniques (such as the sale of futures contracts on stocks and stock indices and options thereon, equity swaps, covered short sales and forward sales of stocks). By using these techniques rather than selling appreciated securities, the Fund can, within certain limitations, reduce its exposure to price declines in the securities without currently realizing substantial capital gains under current federal tax law. Derivatives instruments may also be used to seek return or as a substitute for the purchase or sale of securities or currencies and, in addition to the instruments named above, may include the purchase or sale of forward or futures contracts, options on futures contracts, exchange traded and over-the-counter options and equity collars.

The portfolio managers utilize information provided by, and the expertise of, the investment adviser’s research staff in making investment decisions. Investment decisions are made primarily on the basis of fundamental research, which involves consideration of the various company-specific and general business, economic and market factors that may influence the future performance of individual companies and investments therein. In selecting companies for investment, the portfolio managers look for companies with significant market share, strong recurring sales growth and product entries, strong balance sheets and financial flexibility, among other factors. The portfolio managers will normally consider selling or trimming securities when they believe such securities have become overvalued, when fundamentals deteriorate or when the portfolio managers identify other securities that may result in a better opportunity.

Principal Risks

Equity Investing Risk. The Fund’s shares are sensitive to stock market volatility and the stocks in which the Fund invests may be more volatile than the stock market as a whole. The prices of stocks may decline in response to conditions affecting the general economy; overall market changes; local, regional or global political, social or economic instability; and currency, interest rate and commodity price fluctuations, as well as issuer or sector specific events. Market conditions may affect certain types of stocks to a greater extent than other types of stocks. If the stock market declines, the value of Fund shares will also likely decline and, although stock values can rebound, there is no assurance that values will return to previous levels.

Derivatives Risk. The use of derivatives can lead to losses because of adverse movements in the price or value of the asset, index, rate or instrument underlying a derivative, due to failure of a counterparty or due to tax or regulatory constraints. Derivatives may create economic leverage in the Fund, which magnifies the Fund’s exposure to the underlying investment. Derivatives risk may be more significant when derivatives are used to enhance return or as a substitute for a cash investment position, rather than solely to hedge the risk of a position held by the Fund. When derivatives are used to gain or limit exposure to a particular market or market segment, their performance may not correlate as expected to the performance of such market , thereby causing the Fund to fail to achieve its original purpose for using such derivatives. The use of derivatives involves the exercise of specialized skill and judgment, and a transaction may be unsuccessful in whole or in part because of market behavior or unexpected events. Derivative instruments traded in over-the-counter markets may be difficult to value, may be illiquid, and may be subject to wide swings in valuation caused by changes in the value of the underlying instrument. If a derivative’s counterparty is unable to honor its commitments, the value of Fund shares may decline and the Fund could experience delays in the return of collateral or other assets held by the counterparty. The loss on derivative transactions may substantially exceed the initial investment.

ETF Risk. Investing in an ETF exposes the Fund to all of the risks of that ETF’s investments and subjects it to a pro rata portion of the ETF’s fees and expenses. As a result, the cost of investing in ETF shares may exceed the costs of investing directly in its underlying investments. ETF shares trade on an exchange at a market price , which may vary from the ETF’s net asset value. The Fund may purchase ETFs at prices that exceed the net asset value of their underlying investments and may sell ETF investments at prices below such net asset value. Because the market price of ETF shares depends on the demand in the market for them, the market price of an ETF may be more volatile than the value of the underlying portfolio of securities the ETF is designed to track, and the Fund may not be able to liquidate ETF holdings at the time and price desired, which may impact Fund performance.

Foreign and Emerging Market Investment Risk.Because the Fund may invest a portion of its assets in foreign instruments, the value of Fund shares can be adversely affected by changes in currency exchange rates and political, economic and market developments abroad. In emerging or less developed countries, these risks can be more significant. Investment markets in emerging market countries are typically substantially smaller, less liquid and more volatile than the major markets in developed countries. As a result, Fund share values may be more volatile than if the Fund invested only in developed markets. Emerging market countries may have relatively unstable governments and economies. Emerging market investments often are subject to speculative trading, which typically contributes to volatility. Trading in foreign and emerging markets typically involves higher expense than trading in the United States. The Fund may have difficulties enforcing its legal or contractual rights in a foreign country. The value of investments denominated in foreign currencies can be adversely affected by changes in foreign currency exchange rates. Depositary receipts are subject to many of the risks associated with investing directly in foreign securities, including political, economic and market risks.

Tax-Managed Investing Risk. Market conditions may limit the Fund’s ability to generate tax losses or to generate dividend income taxed at favorable tax rates. The Fund’s tax-managed strategy may cause the Fund to hold a security in order to achieve more favorable tax-treatment or to sell a security in order to create tax losses. The Fund’s ability to utilize various tax-management techniques may be curtailed or eliminated in the future by tax legislation or regulation. Although the Fund expects that a smaller portion of its total return will consist of taxable distributions to shareholders as compared to equity mutual funds that are managed without regard to tax considerations, there can be no assurance about the size of taxable distributions to shareholders.

Risks Associated with Active Management. The Fund is an actively managed portfolio and its success depends upon the investment skills and analytical abilities of the investment adviser to develop and effectively implement strategies to achieve the Fund’s investment objective. Subjective decisions made by the investment adviser may cause the Fund to incur losses or to miss profit opportunities on which it may otherwise have capitalized.

General Fund Investing Risks. The Fund is not a complete investment program and you may lose money by investing in the Fund. All investments carry a certain amount of risk and there is no guarantee that the Fund will be able to achieve its investment objective. Annual Fund Operating Expenses expressed as a percentage of the Fund’s average daily net assets may change as Fund assets increase and decrease, and Annual Fund Operating Expenses may differ in the future. Purchase and redemption activities by Fund shareholders may impact the management of the Fund and its ability to achieve its investment objective. In addition, the redemption by one or more large shareholders or groups of shareholders of their holdings in the Fund could have an adverse impact on the remaining shareholders in the Fund. Investors in the Fund should have a long-term investment perspective and be able to tolerate potentially sharp declines in value. An investment in the Fund is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency, entity or person. Mutual funds, investment advisers, other market participants and many securities markets are subject to rules and regulations and the jurisdiction of one or more regulators. Changes to applicable rules and regulations could have an adverse affect on securities markets and market participants, as well as on the Fund’s ability to execute its investment strategy.

Performance

The following bar chart and table provide some indication of the risks of investing in the Fund by showing changes in the Fund’s performance from year to year and how the Fund’s average annual returns over time compare with those of a broad measure of equity market performance and a measure of the performance of investment grade bonds. The returns in the bar chart are for Class A shares and do not reflect a sales charge. If the sales charge was reflected, the returns would be lower. Past performance (both before and after taxes) is no guarantee of future results. The Fund’s performance reflects the effects of expense reductions. Absent these reductions, performance would have been lower. Updated Fund performance information can be obtained by visiting www.eatonvance.com.

Bar Chart

 

During the period from December 31, 2008 through December 31, 2013 , the highest quarterly total return for Class A was 6.87 % for the quarter ended December 31, 2013 , and the lowest quarterly return was – 5.92% for the quarter ended September 30, 2011.

Average Annual Total Returns Eaton Vance Risk-Managed Equity Option Fund
1 Year
5 Years
Life of Fund
Inception Date
Class A
9.82% 2.78% 1.56% Feb. 29, 2008
Class A After Taxes on Distributions
9.71% 2.64% 0.94%  
Class A After Taxes on Distributions and Sales
6.80% 3.03% 1.88%  
Class C
14.52% 3.22% 1.82%  
Class I
16.69% 4.26% 2.84%  
S&P 500 Index
32.39% 17.93% 7.64%  
Barclays US Aggregate Bond Index
(2.02%) 4.44% 4.49%  

These returns reflect the maximum sales charge for Class A (5.75%) and any applicable contingent deferred sales charge (“CDSC”) for Class C. Class A, Class C and Class I commenced operations on February 29, 2008. Investors cannot invest directly in an Index.

After-tax returns are calculated using the highest historical individual federal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on a shareholder’s tax situation and the actual characterization of distributions, and may differ from those shown. After-tax returns are not relevant to shareholders who hold shares in tax-deferred accounts or to shares held by non-taxable entities. After-tax returns for other Classes of shares will vary from the after-tax returns presented for Class A shares. Return After Taxes on Distributions for a period may be the same as Return Before Taxes for that period because no taxable distributions were made during that period. Also, Return After Taxes on Distributions and the Sale of Fund Shares for a period may be greater than or equal to Return After Taxes on Distributions for the same period because of losses realized on the sale of Fund shares.

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