0000940394-18-001245.txt : 20180625 0000940394-18-001245.hdr.sgml : 20180625 20180625153054 ACCESSION NUMBER: 0000940394-18-001245 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 17 FILED AS OF DATE: 20180625 DATE AS OF CHANGE: 20180625 EFFECTIVENESS DATE: 20180625 FILER: COMPANY DATA: COMPANY CONFORMED NAME: EATON VANCE SPECIAL INVESTMENT TRUST CENTRAL INDEX KEY: 0000031266 IRS NUMBER: 046039283 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-27962 FILM NUMBER: 18916937 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 S000005221 Eaton Vance Large-Cap Value Fund C000014226 Eaton Vance Large-Cap Value Fund Class A EHSTX C000014228 Eaton Vance Large-Cap Value Fund Class C ECSTX C000014229 Eaton Vance Large-Cap Value Fund Class R ERSTX C000014230 Eaton Vance Large-Cap Value Fund Class I EILVX C000142453 Eaton Vance Large-Cap Value Fund Class R6 ERLVX 497 1 letter_cover.htm SIT LARGE-CAP VALUE FUND XBRL DTD 6-25-2018

Macintosh HD:Users:platypus2:Desktop:EVIM_Office.png

 

  

 

 

Eaton Vance Management

Two International Place

Boston, MA 02110

(617)482-8260

www.eatonvance.com

 

 

 

 

 

June 25, 2018

 

 

Securities and Exchange Commission

100 F Street, NE

Washington, DC 20549

 

Attn: Office of Filings, Information & Consumer Services

 

Re:Eaton Vance Special Investment Trust (the “Registrant”) (1933 Act File No. 002-27962) on behalf of Eaton Vance Large-Cap Value Fund (the “Fund”)

 

Ladies and Gentlemen:

 

On behalf of the Registrant and pursuant to Rule 497(e) under the Securities Act of 1933, as amended, attached for filing is an exhibit containing interactive data format risk/return summary information that mirrors the risk/return summary information in a Prospectus dated May 1, 2018 as revised June 18, 2018. The purpose of the filing is to submit the 497(e) filing dated June 18, 2018 in XBRL for the Fund.

 

Please contact me at (617) 672-8509 if you have any questions or comments.

 

Very truly yours,

 

 

/s/ Deanna R. Berry

Deanna R. Berry

Assistant Vice President

 

 

 

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Investors may also pay commissions or other fees to their financial intermediary when they buy and hold shares of the Fund, which are not reflected below. You may qualify for a reduced sales charge on purchases of Class A shares if you invest, or agree to invest over a 13-month period, at least $50,000 in Eaton Vance funds. Certain financial intermediaries also may offer variations in Fund sales charges to their customers as described in Appendix A &#8211; Financial Intermediary Sales Charge Variations in this Prospectus. 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The Example also assumes that your investment has a 5% return each year, that the operating expenses remain the same and that any reimbursement arrangement remains in place for the contractual period. Although your actual costs may be higher or lower, based on these assumptions your costs would be:</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0 3pt; text-align: justify"><b>Portfolio Turnover</b></p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; 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&#8217;s performance. 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The Fund may invest in convertible debt securities of any credit quality (including securities rated below investment grade (so-called &#8220;junk&#8221;)). The Fund may invest up to 25% of its total assets in foreign securities, some of which may be issued by companies domiciled in emerging market countries. As an alternative to holding foreign stocks directly, the Fund may invest in U.S. dollar-denominated securities of foreign companies that trade on U.S. exchanges or in the over-the-counter market (including depositary receipts that evidence ownership in underlying foreign stocks). The Fund may invest in exchange-traded funds (&#8220;ETFs&#8221;), a type of pooled investment vehicle, in order to manage cash positions or seek exposure to certain markets or market sectors. 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The portfolio managers may sell a security when the investment adviser&#8217;s price objective for the security is reached, the fundamentals of the company deteriorate, a security&#8217;s price falls below acquisition cost or to pursue more attractive investment options. The portfolio managers seek to manage investment risk by maintaining broad issuer and industry diversification among the Fund&#8217;s holdings, and by conducting an analysis of the risk and return characteristics of securities (as described above) in which the Fund invests.</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0 3pt; text-align: justify"><b>Principal Risks</b></p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify"><b>Market Risk.</b>&#160;The value of investments held by the Fund may increase or decrease in response to economic, political and financial events (whether real, expected or perceived) in the U.S. and global markets. 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In addition to risks associated with investing in income securities, such as interest rate and credit risks, convertible securities may be subject to issuer-specific and market risks generally applicable to equity securities. Convertible securities may also react to changes in the value of the common stock into which they convert, and are thus subject to equity investing and market risks. A convertible security may be converted at an inopportune time, which may decrease the Fund&#8217;s return.</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify"><b>Foreign Investment Risk.</b>&#160;Foreign investments can be adversely affected by political, economic and market developments abroad, including the imposition of economic and other sanctions by the United States or another country. Foreign markets may be smaller, less liquid and more volatile than the major markets in the United States, and as a result, Fund share values may be more volatile. Trading in foreign 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. Depositary receipts are subject to many of the risks associated with investing directly in foreign instruments.</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify"><b>Emerging Markets Investment Risk.</b>&#160;Investment markets in emerging market countries are typically smaller, less liquid and more volatile than developed markets, and emerging market securities often involve greater risks than developed market securities.</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify"><b>Currency Risk.</b>&#160;Exchange rates for currencies fluctuate daily. The value of foreign investments may be affected favorably or unfavorably by changes in currency exchange rates in relation to the U.S. dollar. Currency markets generally are not as regulated as securities markets and currency transactions are subject to settlement, custodial and other operational risks.</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify"><b>Lower Rated Investments Risk.</b>&#160;Investments rated below investment grade and comparable unrated investments (sometimes referred to as &#8220;junk&#8221;) have speculative characteristics because of the credit risk associated with their issuers. Changes in economic conditions or other circumstances typically have a greater effect on the ability of issuers of lower rated investments to make principal and interest payments than they do on issuers of higher rated investments. An economic downturn generally leads to a higher non-payment rate, and a lower rated investment may lose significant value before a default occurs. 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Other pooled investment vehicles generally are subject to risks similar to those of ETFs.</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify"><b>Real Estate Risk.</b>&#160;Real estate investments are subject to risks associated with owning real estate, including declines in real estate values, increases in property taxes, fluctuations in interest rates, limited availability of mortgage financing, decreases in revenues from underlying real estate assets, declines in occupancy rates, changes in government regulations affecting zoning, land use, and rents, environmental liabilities, and risks related to the management skill and creditworthiness of the issuer. Companies in the real estate industry may also be subject to liabilities under environmental and hazardous waste laws, among others. REITs must satisfy specific requirements for favorable tax treatment and can involve unique risks in addition to the risks generally affecting the real estate industry. The Fund is not eligible for a deduction from dividends received from REITs that is available to individuals who invest directly in REITs. Changes in underlying real estate values may have an exaggerated effect to the extent that investments are concentrated in particular geographic regions or property types.</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify"><b>Securities Lending Risk.</b>&#160;Securities lending involves a possible delay in recovery of the loaned securities or a possible loss of rights in the collateral if the borrower fails financially. The Fund could also lose money if the value of the collateral decreases.</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify"><b>Portfolio Turnover Risk.</b>&#160;The annual portfolio turnover rate of the Fund may exceed 100%. A mutual fund with a high turnover rate (100% or more) may generate more capital gains and may involve greater expenses (which may reduce return) than a fund with a lower rate. Capital gains distributions will be made to shareholders if offsetting capital loss carry forwards do not exist.</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify"><b>Risks Associated with Active Management.</b>&#160;The success of the Fund&#8217;s investment strategy depends on portfolio management&#8217;s successful application of analytical skills and investment judgment. 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Updated Fund performance information can be obtained by visiting www.eatonvance.com.</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0 3pt; text-align: justify">These returns reflect the maximum sales charge for Class A (5.75%) and any applicable contingent deferred sales charge (&#8220;CDSC&#8221;) for Class C. The Class R6 performance shown above for the period prior to July 1, 2014 (commencement of operations) is the performance of Class I shares at net asset value without adjustment for any differences in the expenses of the two classes. If adjusted for such differences, returns would be different. Investors cannot invest directly in an Index.</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0 3pt; text-align: justify">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&#8217;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. 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Certain financial intermediaries also may offer variations in Fund sales charges to their customers as described in Appendix A &#8211; Financial Intermediary Sales Charge Variations in this Prospectus. More information about these and other discounts is available from your financial intermediary and in Sales Charges beginning on page 45 of this Prospectus and page 24 of the Fund&#8217;s Statement of Additional Information.</p> 50000 1.05 <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Under normal market conditions, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities of large-cap companies (the &#8220;80% Policy&#8221;). The portfolio managers generally consider large-cap companies to be those companies having market capitalizations within the range of companies included in the Russell 1000&#174; Value Index, although the portfolio will generally consist of stocks with a market capitalization equal to or greater than the median market capitalization of companies included in such index. As of December 31, 2017, the range of companies in the Russell 1000&#174; Value Index was $654 million to $489.1 billion and the median market capitalization was $9.7 billion. Under normal market conditions, the Fund invests primarily in value stocks. Value stocks are common stocks that, in the opinion of the investment adviser, are inexpensive or undervalued relative to the overall stock market. The Fund primarily invests in dividend-paying stocks, but also may invest in non-income producing stocks. The Fund may invest in convertible debt securities of any credit quality (including securities rated below investment grade (so-called &#8220;junk&#8221;)). The Fund may invest up to 25% of its total assets in foreign securities, some of which may be issued by companies domiciled in emerging market countries. As an alternative to holding foreign stocks directly, the Fund may invest in U.S. dollar-denominated securities of foreign companies that trade on U.S. exchanges or in the over-the-counter market (including depositary receipts that evidence ownership in underlying foreign stocks). The Fund may invest in exchange-traded funds (&#8220;ETFs&#8221;), a type of pooled investment vehicle, in order to manage cash positions or seek exposure to certain markets or market sectors. The Fund may also invest in publicly traded real estate investment trusts (&#8220;REITs&#8221;) and may lend its securities.</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0 3pt; text-align: justify">The Fund is not a complete investment program and there is no guarantee that the Fund will achieve its investment objective. It is possible to lose money by investing in the Fund.</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0 3pt; text-align: justify">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.</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0 3pt; text-align: justify">The following bar chart and table provide some indication of the risks of investing in the Fund by showing changes in the Fund&#8217;s performance from year to year and how the Fund&#8217;s average annual returns over time compare with those of a broad-based securities market index.</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0 3pt; text-align: justify">www.eatonvance.com</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0 3pt; text-align: justify">Past performance (both before and after taxes) is not necessarily an indication of how the Fund will perform in the future.</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0 3pt; text-align: justify">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.</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0 3pt; text-align: justify">For the ten years ended December 31, 2017, the highest quarterly total return for Class A was</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0 3pt; text-align: justify">and the lowest quarterly return was</p> 2009-09-30 0.1509 2008-12-31 -0.2137 <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0 3pt; text-align: justify">These returns reflect the maximum sales charge for Class A (5.75%) and any applicable contingent deferred sales charge (&#8220;CDSC&#8221;) for Class C.</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0 3pt; text-align: justify">The Class R6 performance shown above for the period prior to July 1, 2014 (commencement of operations) is the performance of Class I shares at net asset value without adjustment for any differences in the expenses of the two classes. If adjusted for such differences, returns would be different.</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0 3pt; text-align: justify">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&#8217;s tax situation and the actual characterization of distributions, and may differ from those shown.</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0 3pt; text-align: justify">After-tax returns are not relevant to shareholders who hold shares in tax-deferred accounts or to shares held by non-taxable entities.</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0 3pt; text-align: justify">After-tax returns for other Classes of shares will vary from the after-tax returns presented for Class A shares.</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0 3pt; text-align: justify">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. 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Class C Class I Class R Class R6 Russell 1000® Value Index Prospectus: [Table] Prospectus [Line Items] Risk/Return: 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 [Table] Operating Expenses Caption [Text] Annual Fund Operating Expenses [Table] Expense Footnotes [Text Block] Expenses Deferred Charges [Text Block] Expenses Range of Exchange Fees [Text Block] Expense Example [Heading] Expense Example by Year [Heading] Expense Example Narrative [Text Block] Expense Example by, Year, Caption [Text] Expense Example, With Redemption [Table] Expense Example, No Redemption Narrative [Text Block] Expense Example, No Redemption, By Year, Caption [Text] 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Termination Portfolio Turnover, Heading Portfolio Turnover Portfolio Turnover, Rate Expense Breakpoint, Discounts 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 Expenses Not Correlated to Ratio Due to Acquired Fund Fees [Text] Expense Example, Heading Expense Example, Narrative 1 Year 3 Years 5 Years 10 Years 1 Year 3 Years 5 Years 10 Years Investment Strategy, Heading Investment Strategy, Narrative Strategy Portfolio Concentration Risk, Heading Risk, Narrative Risk, Lose Money Risk, Nondiversified Status Risk, Not Insured Depository Institution Risk Caption Risk Column [Text] Risk [Text] Bar Chart and Performance Table, Heading Performance, Narrative Performance, Information Illustrates Variability of Returns Performance One Year or Less [Text] Performance Additional Market Index [Text] Performance Availability Phone [Text] Performance Availability Website Address Performance Past Does Not Indicate Future Bar Chart Does Not Reflect Sales Loads 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, Closing 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 Does Reflect Sales Loads Performance Table Market Index Changed Index No Deduction for Fees, Expenses, Taxes Performance Table Uses Highest Federal Rate Performance Table Not Relevant to Tax Deferred Performance Table One Class of after Tax Shown Performance Table Explanation after Tax Higher Performance Table Footnotes, Reason Performance Information for Class Different from Immediately Preceding Period [Text] Performance Table, Closing Caption Column Label One Year Five Years Ten 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 Component1 Other Expenses Component2 Other Expenses Fee Waiver or Reimbursement Net Expenses (as a percentage of Assets) Expense Example, By Year, Column [Text] 1 Year 5 Years 10 Years Expense Example, No Redemption, By Year, Column [Text] 1 Year 5 Years 10 Years Since Inception Risk/Return Detail [Table] Russell 1000® Value Index Custom Element. 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Document and Entity Information
Total
Risk/Return:  
Document Type 497
Document Period End Date Dec. 31, 2017
Registrant Name EATON VANCE SPECIAL INVESTMENT TRUST
Central Index Key 0000031266
Amendment Flag false
Document Creation Date Jun. 18, 2018
Document Effective Date Jun. 18, 2018
Prospectus Date May 01, 2018
Eaton Vance Large-Cap Value Fund | Class A  
Risk/Return:  
Trading Symbol EHSTX
Eaton Vance Large-Cap Value Fund | Class C  
Risk/Return:  
Trading Symbol ECSTX
Eaton Vance Large-Cap Value Fund | Class I  
Risk/Return:  
Trading Symbol EILVX
Eaton Vance Large-Cap Value Fund | Class R  
Risk/Return:  
Trading Symbol ERSTX
Eaton Vance Large-Cap Value Fund | Class R6  
Risk/Return:  
Trading Symbol ERLVX
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Eaton Vance Large-Cap Value 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. Investors may also pay commissions or other fees to their financial intermediary when they buy and hold shares of the Fund, which are not reflected below. You may qualify for a reduced sales charge on purchases of Class A shares if you invest, or agree to invest over a 13-month period, at least $50,000 in Eaton Vance funds. Certain financial intermediaries also may offer variations in Fund sales charges to their customers as described in Appendix A – Financial Intermediary Sales Charge Variations in this Prospectus. More information about these and other discounts is available from your financial intermediary and in Sales Charges beginning on page 45 of this Prospectus and page 24 of the Fund’s Statement of Additional Information.

Shareholder Fees (fees paid directly from your investment)

Shareholder Fees - Eaton Vance Large-Cap Value Fund
Class A
Class C
Class I
Class R
Class R6
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) 5.75% none none 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 none 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 Large-Cap Value Fund
Class A
Class C
Class I
Class R
Class R6
Management Fees 0.62% 0.62% 0.62% 0.62% 0.62%
Distribution and Service (12b-1) Fees 0.25% 1.00% none 0.50% none
Other Expenses 0.19% 0.19% 0.19% 0.19% 0.11%
Total Annual Fund Operating Expenses 1.06% 1.81% 0.81% 1.31% 0.73%

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, that the operating expenses remain the same and that any reimbursement arrangement remains in place for the contractual period. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Expense Example - Eaton Vance Large-Cap Value Fund - USD ($)
1 Year
3 Years
5 Years
10 Years
Class A 677 893 1,126 1,795
Class C 284 569 980 2,127
Class I 83 259 450 1,002
Class R 133 415 718 1,579
Class R6 75 233 406 906
Expense Example, No Redemption - Eaton Vance Large-Cap Value Fund - USD ($)
1 Year
3 Years
5 Years
10 Years
Class A 677 893 1,126 1,795
Class C 184 569 980 2,127
Class I 83 259 450 1,002
Class R 133 415 718 1,579
Class R6 75 233 406 906

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, Large-Cap Value Portfolio’s (the “Portfolio”), the Fund’s former master portfolio, portfolio turnover rate was 105% of the average value of its portfolio.

Principal Investment Strategies

Under normal market conditions, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities of large-cap companies (the “80% Policy”). The portfolio managers generally consider large-cap companies to be those companies having market capitalizations within the range of companies included in the Russell 1000® Value Index, although the portfolio will generally consist of stocks with a market capitalization equal to or greater than the median market capitalization of companies included in such index.  As of December 31, 2017, the range of companies in the Russell 1000® Value Index was $654 million to $489.1 billion and the median market capitalization was $9.7 billion. Under normal market conditions, the Fund invests primarily in value stocks. Value stocks are common stocks that, in the opinion of the investment adviser, are inexpensive or undervalued relative to the overall stock market. The Fund primarily invests in dividend-paying stocks, but also may invest in non-income producing stocks. The Fund may invest in convertible debt securities of any credit quality (including securities rated below investment grade (so-called “junk”)). The Fund may invest up to 25% of its total assets in foreign securities, some of which may be issued by companies domiciled in emerging market countries. As an alternative to holding foreign stocks directly, the Fund may invest in U.S. dollar-denominated securities of foreign companies that trade on U.S. exchanges or in the over-the-counter market (including depositary receipts that evidence ownership in underlying foreign stocks). The Fund may invest in exchange-traded funds (“ETFs”), a type of pooled investment vehicle, in order to manage cash positions or seek exposure to certain markets or market sectors. The Fund may also invest in publicly traded real estate investment trusts (“REITs”) and may lend its securities.

Investment decisions are made primarily on the basis of fundamental research. The portfolio managers utilize information provided by, and the expertise of, the investment adviser’s research staff in making investment decisions. In selecting stocks, the portfolio managers consider (among other factors) a company’s earnings or cash flow capabilities, dividend prospects, financial strength, growth potential, the strength of the company’s business franchises and management team, sustainability of a company’s competitiveness, and estimates of the company’s net value. The portfolio managers may sell a security when the investment adviser’s price objective for the security is reached, the fundamentals of the company deteriorate, a security’s price falls below acquisition cost or to pursue more attractive investment options. The portfolio managers seek to manage investment risk by maintaining broad issuer and industry diversification among the Fund’s holdings, and by conducting an analysis of the risk and return characteristics of securities (as described above) in which the Fund invests.

Principal Risks

Market Risk. The value of investments held by the Fund may increase or decrease in response to economic, political and financial events (whether real, expected or perceived) in the U.S. and global markets. The frequency and magnitude of such changes in value cannot be predicted. Certain securities and other investments held by the Fund may experience increased volatility, illiquidity, or other potentially adverse effects in reaction to changing market conditions. Actions taken by the U.S. Federal Reserve or foreign central banks to stimulate or stabilize economic growth, such as decreases or increases in short-term interest rates, could cause high volatility in markets.

Equity Securities Risk. The value of equity securities and related instruments may decline in response to adverse changes in the economy or the economic outlook; deterioration in investor sentiment; interest rate, currency, and commodity price fluctuations; adverse geopolitical, social or environmental developments; issuer and sector-specific considerations; or other factors. Market conditions may affect certain types of stocks to a greater extent than other types of stocks. If the stock market declines in value, the value of the Fund’s equity securities will also likely decline. Although prices can rebound, there is no assurance that values will return to previous levels.

Large-Cap Value Risk. Because the Fund normally invests primarily in value stocks of large-cap companies, it is subject to the risk of underperforming the overall stock market during periods in which stocks of such companies are out of favor and generate lower returns than the market as a whole.

Convertible Securities Risk. Convertible securities generally possess characteristics common to both equity and debt securities. In addition to risks associated with investing in income securities, such as interest rate and credit risks, convertible securities may be subject to issuer-specific and market risks generally applicable to equity securities. Convertible securities may also react to changes in the value of the common stock into which they convert, and are thus subject to equity investing and market risks. A convertible security may be converted at an inopportune time, which may decrease the Fund’s return.

Foreign Investment Risk. Foreign investments can be adversely affected by political, economic and market developments abroad, including the imposition of economic and other sanctions by the United States or another country. Foreign markets may be smaller, less liquid and more volatile than the major markets in the United States, and as a result, Fund share values may be more volatile. Trading in foreign 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. Depositary receipts are subject to many of the risks associated with investing directly in foreign instruments.

Emerging Markets Investment Risk. Investment markets in emerging market countries are typically smaller, less liquid and more volatile than developed markets, and emerging market securities often involve greater risks than developed market securities.

Currency Risk. Exchange rates for currencies fluctuate daily. The value of foreign investments may be affected favorably or unfavorably by changes in currency exchange rates in relation to the U.S. dollar. Currency markets generally are not as regulated as securities markets and currency transactions are subject to settlement, custodial and other operational risks.

Lower Rated Investments Risk. Investments rated below investment grade and comparable unrated investments (sometimes referred to as “junk”) have speculative characteristics because of the credit risk associated with their issuers. Changes in economic conditions or other circumstances typically have a greater effect on the ability of issuers of lower rated investments to make principal and interest payments than they do on issuers of higher rated investments. An economic downturn generally leads to a higher non-payment rate, and a lower rated investment may lose significant value before a default occurs. Lower rated investments typically are subject to greater price volatility and illiquidity than higher rated investments.

ETF Risk. ETFs are subject to the risks of investing in the underlying securities or other investments. ETF shares may trade at a premium or discount to net asset value and are subject to secondary market trading risks. In addition, the Fund will bear a pro rata portion of the operating expenses of an ETF in which it invests. Other pooled investment vehicles generally are subject to risks similar to those of ETFs.

Real Estate Risk. Real estate investments are subject to risks associated with owning real estate, including declines in real estate values, increases in property taxes, fluctuations in interest rates, limited availability of mortgage financing, decreases in revenues from underlying real estate assets, declines in occupancy rates, changes in government regulations affecting zoning, land use, and rents, environmental liabilities, and risks related to the management skill and creditworthiness of the issuer. Companies in the real estate industry may also be subject to liabilities under environmental and hazardous waste laws, among others. REITs must satisfy specific requirements for favorable tax treatment and can involve unique risks in addition to the risks generally affecting the real estate industry. The Fund is not eligible for a deduction from dividends received from REITs that is available to individuals who invest directly in REITs. Changes in underlying real estate values may have an exaggerated effect to the extent that investments are concentrated in particular geographic regions or property types.

Securities Lending Risk. Securities lending involves a possible delay in recovery of the loaned securities or a possible loss of rights in the collateral if the borrower fails financially. The Fund could also lose money if the value of the collateral decreases.

Portfolio Turnover Risk. The annual portfolio turnover rate of the Fund may exceed 100%. A mutual fund with a high turnover rate (100% or more) may generate more capital gains and may involve greater expenses (which may reduce return) than a fund with a lower rate. Capital gains distributions will be made to shareholders if offsetting capital loss carry forwards do not exist.

Risks Associated with Active Management. The success of the Fund’s investment strategy depends on portfolio management’s successful application of analytical skills and investment judgment. Active management involves subjective decisions.

General Fund Investing Risks. The Fund is not a complete investment program and there is no guarantee that the Fund will achieve its investment objective. It is possible to lose money by investing in the Fund. The Fund is designed to be a long-term investment vehicle and is not suited for short-term trading. Investors in the Fund should have a long-term investment perspective and be able to tolerate potentially sharp declines in value. Purchase and redemption activities by Fund shareholders may impact the management of the Fund and its ability to achieve its investment objective(s). 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. 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.

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-based securities market index. 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 not necessarily an indication of how the Fund will perform in the future. Updated Fund performance information can be obtained by visiting www.eatonvance.com.

Bar Chart

For the ten years ended December 31, 2017, the highest quarterly total return for Class A was 15.09% for the quarter ended September 30, 2009, and the lowest quarterly return was -21.37% for the quarter ended December 31, 2008.

Average Annual Total Return as of December 31, 2017

Average Annual Total Returns - Eaton Vance Large-Cap Value Fund
One Year
Five Years
Ten Years
Inception Date
Class A 8.20% 10.97% 4.62%  
Class A | After Taxes on Distributions 6.73% 8.17% 3.18%  
Class A | After Taxes on Distributions and Sales 5.81% 8.26% 3.44%  
Class C 12.96% 11.45% 4.45%  
Class I 15.10% 12.56% 5.51%  
Class R 14.50% 12.00% 4.97%  
Class R6 15.25% 12.64% 5.54% Jul. 01, 2014
Russell 1000® Value Index 13.66% 14.03% 7.10%  

These returns reflect the maximum sales charge for Class A (5.75%) and any applicable contingent deferred sales charge (“CDSC”) for Class C. The Class R6 performance shown above for the period prior to July 1, 2014 (commencement of operations) is the performance of Class I shares at net asset value without adjustment for any differences in the expenses of the two classes. If adjusted for such differences, returns would be different. 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.

XML 12 R3.htm IDEA: XBRL DOCUMENT v3.8.0.1
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Central Index Key dei_EntityCentralIndexKey 0000031266
Eaton Vance Large-Cap Value Fund  
Risk/Return: rr_RiskReturnAbstract  
Investment Objective, Heading rr_ObjectiveHeading

Investment Objective

Investment Objective, Primary rr_ObjectivePrimaryTextBlock

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

Expense, Heading rr_ExpenseHeading

Fees and Expenses of the Fund

Expense, Narrative rr_ExpenseNarrativeTextBlock

This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. Investors may also pay commissions or other fees to their financial intermediary when they buy and hold shares of the Fund, which are not reflected below. You may qualify for a reduced sales charge on purchases of Class A shares if you invest, or agree to invest over a 13-month period, at least $50,000 in Eaton Vance funds. Certain financial intermediaries also may offer variations in Fund sales charges to their customers as described in Appendix A – Financial Intermediary Sales Charge Variations in this Prospectus. More information about these and other discounts is available from your financial intermediary and in Sales Charges beginning on page 45 of this Prospectus and page 24 of the Fund’s Statement of Additional Information.

Shareholder Fees, Caption rr_ShareholderFeesCaption

Shareholder Fees (fees paid directly from your investment)

Operating Expenses, Caption 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 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, Large-Cap Value Portfolio’s (the “Portfolio”), the Fund’s former master portfolio, portfolio turnover rate was 105% of the average value of its portfolio.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 105.00%
Expense Breakpoint, Discounts rr_ExpenseBreakpointDiscounts

You may qualify for a reduced sales charge on purchases of Class A shares if you invest, or agree to invest over a 13-month period, at least $50,000 in Eaton Vance funds. Certain financial intermediaries also may offer variations in Fund sales charges to their customers as described in Appendix A – Financial Intermediary Sales Charge Variations in this Prospectus. More information about these and other discounts is available from your financial intermediary and in Sales Charges beginning on page 45 of this Prospectus and page 24 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 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, that the operating expenses remain the same and that any reimbursement arrangement remains in place for the contractual period. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Investment Strategy, Heading rr_StrategyHeading

Principal Investment Strategies

Investment Strategy, Narrative rr_StrategyNarrativeTextBlock

Under normal market conditions, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities of large-cap companies (the “80% Policy”). The portfolio managers generally consider large-cap companies to be those companies having market capitalizations within the range of companies included in the Russell 1000® Value Index, although the portfolio will generally consist of stocks with a market capitalization equal to or greater than the median market capitalization of companies included in such index.  As of December 31, 2017, the range of companies in the Russell 1000® Value Index was $654 million to $489.1 billion and the median market capitalization was $9.7 billion. Under normal market conditions, the Fund invests primarily in value stocks. Value stocks are common stocks that, in the opinion of the investment adviser, are inexpensive or undervalued relative to the overall stock market. The Fund primarily invests in dividend-paying stocks, but also may invest in non-income producing stocks. The Fund may invest in convertible debt securities of any credit quality (including securities rated below investment grade (so-called “junk”)). The Fund may invest up to 25% of its total assets in foreign securities, some of which may be issued by companies domiciled in emerging market countries. As an alternative to holding foreign stocks directly, the Fund may invest in U.S. dollar-denominated securities of foreign companies that trade on U.S. exchanges or in the over-the-counter market (including depositary receipts that evidence ownership in underlying foreign stocks). The Fund may invest in exchange-traded funds (“ETFs”), a type of pooled investment vehicle, in order to manage cash positions or seek exposure to certain markets or market sectors. The Fund may also invest in publicly traded real estate investment trusts (“REITs”) and may lend its securities.

Investment decisions are made primarily on the basis of fundamental research. The portfolio managers utilize information provided by, and the expertise of, the investment adviser’s research staff in making investment decisions. In selecting stocks, the portfolio managers consider (among other factors) a company’s earnings or cash flow capabilities, dividend prospects, financial strength, growth potential, the strength of the company’s business franchises and management team, sustainability of a company’s competitiveness, and estimates of the company’s net value. The portfolio managers may sell a security when the investment adviser’s price objective for the security is reached, the fundamentals of the company deteriorate, a security’s price falls below acquisition cost or to pursue more attractive investment options. The portfolio managers seek to manage investment risk by maintaining broad issuer and industry diversification among the Fund’s holdings, and by conducting an analysis of the risk and return characteristics of securities (as described above) in which the Fund invests.

Strategy Portfolio Concentration rr_StrategyPortfolioConcentration

Under normal market conditions, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities of large-cap companies (the “80% Policy”). The portfolio managers generally consider large-cap companies to be those companies having market capitalizations within the range of companies included in the Russell 1000® Value Index, although the portfolio will generally consist of stocks with a market capitalization equal to or greater than the median market capitalization of companies included in such index. As of December 31, 2017, the range of companies in the Russell 1000® Value Index was $654 million to $489.1 billion and the median market capitalization was $9.7 billion. Under normal market conditions, the Fund invests primarily in value stocks. Value stocks are common stocks that, in the opinion of the investment adviser, are inexpensive or undervalued relative to the overall stock market. The Fund primarily invests in dividend-paying stocks, but also may invest in non-income producing stocks. The Fund may invest in convertible debt securities of any credit quality (including securities rated below investment grade (so-called “junk”)). The Fund may invest up to 25% of its total assets in foreign securities, some of which may be issued by companies domiciled in emerging market countries. As an alternative to holding foreign stocks directly, the Fund may invest in U.S. dollar-denominated securities of foreign companies that trade on U.S. exchanges or in the over-the-counter market (including depositary receipts that evidence ownership in underlying foreign stocks). The Fund may invest in exchange-traded funds (“ETFs”), a type of pooled investment vehicle, in order to manage cash positions or seek exposure to certain markets or market sectors. The Fund may also invest in publicly traded real estate investment trusts (“REITs”) and may lend its securities.

Risk, Heading rr_RiskHeading

Principal Risks

Risk, Narrative rr_RiskNarrativeTextBlock

Market Risk. The value of investments held by the Fund may increase or decrease in response to economic, political and financial events (whether real, expected or perceived) in the U.S. and global markets. The frequency and magnitude of such changes in value cannot be predicted. Certain securities and other investments held by the Fund may experience increased volatility, illiquidity, or other potentially adverse effects in reaction to changing market conditions. Actions taken by the U.S. Federal Reserve or foreign central banks to stimulate or stabilize economic growth, such as decreases or increases in short-term interest rates, could cause high volatility in markets.

Equity Securities Risk. The value of equity securities and related instruments may decline in response to adverse changes in the economy or the economic outlook; deterioration in investor sentiment; interest rate, currency, and commodity price fluctuations; adverse geopolitical, social or environmental developments; issuer and sector-specific considerations; or other factors. Market conditions may affect certain types of stocks to a greater extent than other types of stocks. If the stock market declines in value, the value of the Fund’s equity securities will also likely decline. Although prices can rebound, there is no assurance that values will return to previous levels.

Large-Cap Value Risk. Because the Fund normally invests primarily in value stocks of large-cap companies, it is subject to the risk of underperforming the overall stock market during periods in which stocks of such companies are out of favor and generate lower returns than the market as a whole.

Convertible Securities Risk. Convertible securities generally possess characteristics common to both equity and debt securities. In addition to risks associated with investing in income securities, such as interest rate and credit risks, convertible securities may be subject to issuer-specific and market risks generally applicable to equity securities. Convertible securities may also react to changes in the value of the common stock into which they convert, and are thus subject to equity investing and market risks. A convertible security may be converted at an inopportune time, which may decrease the Fund’s return.

Foreign Investment Risk. Foreign investments can be adversely affected by political, economic and market developments abroad, including the imposition of economic and other sanctions by the United States or another country. Foreign markets may be smaller, less liquid and more volatile than the major markets in the United States, and as a result, Fund share values may be more volatile. Trading in foreign 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. Depositary receipts are subject to many of the risks associated with investing directly in foreign instruments.

Emerging Markets Investment Risk. Investment markets in emerging market countries are typically smaller, less liquid and more volatile than developed markets, and emerging market securities often involve greater risks than developed market securities.

Currency Risk. Exchange rates for currencies fluctuate daily. The value of foreign investments may be affected favorably or unfavorably by changes in currency exchange rates in relation to the U.S. dollar. Currency markets generally are not as regulated as securities markets and currency transactions are subject to settlement, custodial and other operational risks.

Lower Rated Investments Risk. Investments rated below investment grade and comparable unrated investments (sometimes referred to as “junk”) have speculative characteristics because of the credit risk associated with their issuers. Changes in economic conditions or other circumstances typically have a greater effect on the ability of issuers of lower rated investments to make principal and interest payments than they do on issuers of higher rated investments. An economic downturn generally leads to a higher non-payment rate, and a lower rated investment may lose significant value before a default occurs. Lower rated investments typically are subject to greater price volatility and illiquidity than higher rated investments.

ETF Risk. ETFs are subject to the risks of investing in the underlying securities or other investments. ETF shares may trade at a premium or discount to net asset value and are subject to secondary market trading risks. In addition, the Fund will bear a pro rata portion of the operating expenses of an ETF in which it invests. Other pooled investment vehicles generally are subject to risks similar to those of ETFs.

Real Estate Risk. Real estate investments are subject to risks associated with owning real estate, including declines in real estate values, increases in property taxes, fluctuations in interest rates, limited availability of mortgage financing, decreases in revenues from underlying real estate assets, declines in occupancy rates, changes in government regulations affecting zoning, land use, and rents, environmental liabilities, and risks related to the management skill and creditworthiness of the issuer. Companies in the real estate industry may also be subject to liabilities under environmental and hazardous waste laws, among others. REITs must satisfy specific requirements for favorable tax treatment and can involve unique risks in addition to the risks generally affecting the real estate industry. The Fund is not eligible for a deduction from dividends received from REITs that is available to individuals who invest directly in REITs. Changes in underlying real estate values may have an exaggerated effect to the extent that investments are concentrated in particular geographic regions or property types.

Securities Lending Risk. Securities lending involves a possible delay in recovery of the loaned securities or a possible loss of rights in the collateral if the borrower fails financially. The Fund could also lose money if the value of the collateral decreases.

Portfolio Turnover Risk. The annual portfolio turnover rate of the Fund may exceed 100%. A mutual fund with a high turnover rate (100% or more) may generate more capital gains and may involve greater expenses (which may reduce return) than a fund with a lower rate. Capital gains distributions will be made to shareholders if offsetting capital loss carry forwards do not exist.

Risks Associated with Active Management. The success of the Fund’s investment strategy depends on portfolio management’s successful application of analytical skills and investment judgment. Active management involves subjective decisions.

General Fund Investing Risks. The Fund is not a complete investment program and there is no guarantee that the Fund will achieve its investment objective. It is possible to lose money by investing in the Fund. The Fund is designed to be a long-term investment vehicle and is not suited for short-term trading. Investors in the Fund should have a long-term investment perspective and be able to tolerate potentially sharp declines in value. Purchase and redemption activities by Fund shareholders may impact the management of the Fund and its ability to achieve its investment objective(s). 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. 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.

Risk, Lose Money rr_RiskLoseMoney

The Fund is not a complete investment program and there is no guarantee that the Fund will achieve its investment objective. It is possible to lose money by investing in the Fund.

Risk, Not Insured Depository Institution 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.

Bar Chart and Performance Table, Heading rr_BarChartAndPerformanceTableHeading

Performance

Performance, Narrative 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-based securities market index. 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 not necessarily an indication of how the Fund will perform in the future. Updated Fund performance information can be obtained by visiting www.eatonvance.com.

Performance, Information Illustrates Variability of Returns 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-based securities market index.

Performance Availability Website Address rr_PerformanceAvailabilityWebSiteAddress

www.eatonvance.com

Performance Past Does Not Indicate Future rr_PerformancePastDoesNotIndicateFuture

Past performance (both before and after taxes) is not necessarily an indication of how the Fund will perform in the future.

Bar Chart Does Not Reflect Sales Loads 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 rr_BarChartClosingTextBlock

For the ten years ended December 31, 2017, the highest quarterly total return for Class A was 15.09% for the quarter ended September 30, 2009, and the lowest quarterly return was -21.37% for the quarter ended December 31, 2008.

Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel

For the ten years ended December 31, 2017, the highest quarterly total return for Class A was

Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Sep. 30, 2009
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 15.09%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel

and the lowest quarterly return was

Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Dec. 31, 2008
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (21.37%)
Performance Table Heading rr_PerformanceTableHeading

Average Annual Total Return as of December 31, 2017

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 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 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.

Performance Table Footnotes, Reason Performance Information for Class Different from Immediately Preceding Period [Text] rr_PerformanceTableFootnotesReasonPerformanceInformationForClassDifferentFromImmediatelyPrecedingPeriod

The Class R6 performance shown above for the period prior to July 1, 2014 (commencement of operations) is the performance of Class I shares at net asset value without adjustment for any differences in the expenses of the two classes. If adjusted for such differences, returns would be different.

Performance Table, Closing 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. The Class R6 performance shown above for the period prior to July 1, 2014 (commencement of operations) is the performance of Class I shares at net asset value without adjustment for any differences in the expenses of the two classes. If adjusted for such differences, returns would be different. 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 Large-Cap Value Fund | Russell 1000® Value Index  
Risk/Return: rr_RiskReturnAbstract  
Index No Deduction for Fees, Expenses, Taxes rr_IndexNoDeductionForFeesExpensesTaxes

(reflects no deductions for fees, expenses or taxes)

One Year rr_AverageAnnualReturnYear01 13.66%
Five Years rr_AverageAnnualReturnYear05 14.03%
Ten Years rr_AverageAnnualReturnYear10 7.10%
Eaton Vance Large-Cap Value Fund | Class A  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases (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_MaximumDeferredSalesChargeOverOfferingPrice none
Management Fees rr_ManagementFeesOverAssets 0.62%
Distribution and Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 0.19%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.06%
1 Year rr_ExpenseExampleYear01 $ 677
3 Years rr_ExpenseExampleYear03 893
5 Years rr_ExpenseExampleYear05 1,126
10 Years rr_ExpenseExampleYear10 1,795
1 Year rr_ExpenseExampleNoRedemptionYear01 677
3 Years rr_ExpenseExampleNoRedemptionYear03 893
5 Years rr_ExpenseExampleNoRedemptionYear05 1,126
10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,795
Annual Return 2008 rr_AnnualReturn2008 (34.47%)
Annual Return 2009 rr_AnnualReturn2009 17.01%
Annual Return 2010 rr_AnnualReturn2010 10.05%
Annual Return 2011 rr_AnnualReturn2011 (4.48%)
Annual Return 2012 rr_AnnualReturn2012 15.77%
Annual Return 2013 rr_AnnualReturn2013 29.34%
Annual Return 2014 rr_AnnualReturn2014 10.96%
Annual Return 2015 rr_AnnualReturn2015 (1.08%)
Annual Return 2016 rr_AnnualReturn2016 9.56%
Annual Return 2017 rr_AnnualReturn2017 14.80%
One Year rr_AverageAnnualReturnYear01 8.20%
Five Years rr_AverageAnnualReturnYear05 10.97%
Ten Years rr_AverageAnnualReturnYear10 4.62%
Eaton Vance Large-Cap Value Fund | Class A | After Taxes on Distributions  
Risk/Return: rr_RiskReturnAbstract  
One Year rr_AverageAnnualReturnYear01 6.73%
Five Years rr_AverageAnnualReturnYear05 8.17%
Ten Years rr_AverageAnnualReturnYear10 3.18%
Eaton Vance Large-Cap Value Fund | Class A | After Taxes on Distributions and Sales  
Risk/Return: rr_RiskReturnAbstract  
One Year rr_AverageAnnualReturnYear01 5.81%
Five Years rr_AverageAnnualReturnYear05 8.26%
Ten Years rr_AverageAnnualReturnYear10 3.44%
Eaton Vance Large-Cap Value Fund | Class C  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases (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_MaximumDeferredSalesChargeOverOfferingPrice 1.00%
Management Fees rr_ManagementFeesOverAssets 0.62%
Distribution and Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other Expenses rr_OtherExpensesOverAssets 0.19%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.81%
1 Year rr_ExpenseExampleYear01 $ 284
3 Years rr_ExpenseExampleYear03 569
5 Years rr_ExpenseExampleYear05 980
10 Years rr_ExpenseExampleYear10 2,127
1 Year rr_ExpenseExampleNoRedemptionYear01 184
3 Years rr_ExpenseExampleNoRedemptionYear03 569
5 Years rr_ExpenseExampleNoRedemptionYear05 980
10 Years rr_ExpenseExampleNoRedemptionYear10 $ 2,127
One Year rr_AverageAnnualReturnYear01 12.96%
Five Years rr_AverageAnnualReturnYear05 11.45%
Ten Years rr_AverageAnnualReturnYear10 4.45%
Eaton Vance Large-Cap Value Fund | Class I  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases (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_MaximumDeferredSalesChargeOverOfferingPrice none
Management Fees rr_ManagementFeesOverAssets 0.62%
Distribution and Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.19%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.81%
1 Year rr_ExpenseExampleYear01 $ 83
3 Years rr_ExpenseExampleYear03 259
5 Years rr_ExpenseExampleYear05 450
10 Years rr_ExpenseExampleYear10 1,002
1 Year rr_ExpenseExampleNoRedemptionYear01 83
3 Years rr_ExpenseExampleNoRedemptionYear03 259
5 Years rr_ExpenseExampleNoRedemptionYear05 450
10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,002
One Year rr_AverageAnnualReturnYear01 15.10%
Five Years rr_AverageAnnualReturnYear05 12.56%
Ten Years rr_AverageAnnualReturnYear10 5.51%
Eaton Vance Large-Cap Value Fund | Class R  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases (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_MaximumDeferredSalesChargeOverOfferingPrice none
Management Fees rr_ManagementFeesOverAssets 0.62%
Distribution and Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.50%
Other Expenses rr_OtherExpensesOverAssets 0.19%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.31%
1 Year rr_ExpenseExampleYear01 $ 133
3 Years rr_ExpenseExampleYear03 415
5 Years rr_ExpenseExampleYear05 718
10 Years rr_ExpenseExampleYear10 1,579
1 Year rr_ExpenseExampleNoRedemptionYear01 133
3 Years rr_ExpenseExampleNoRedemptionYear03 415
5 Years rr_ExpenseExampleNoRedemptionYear05 718
10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,579
One Year rr_AverageAnnualReturnYear01 14.50%
Five Years rr_AverageAnnualReturnYear05 12.00%
Ten Years rr_AverageAnnualReturnYear10 4.97%
Eaton Vance Large-Cap Value Fund | Class R6  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases (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_MaximumDeferredSalesChargeOverOfferingPrice none
Management Fees rr_ManagementFeesOverAssets 0.62%
Distribution and Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.11%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.73%
1 Year rr_ExpenseExampleYear01 $ 75
3 Years rr_ExpenseExampleYear03 233
5 Years rr_ExpenseExampleYear05 406
10 Years rr_ExpenseExampleYear10 906
1 Year rr_ExpenseExampleNoRedemptionYear01 75
3 Years rr_ExpenseExampleNoRedemptionYear03 233
5 Years rr_ExpenseExampleNoRedemptionYear05 406
10 Years rr_ExpenseExampleNoRedemptionYear10 $ 906
One Year rr_AverageAnnualReturnYear01 15.25%
Five Years rr_AverageAnnualReturnYear05 12.64%
Ten Years rr_AverageAnnualReturnYear10 5.54%
Inception Date rr_AverageAnnualReturnInceptionDate Jul. 01, 2014
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Document Type dei_DocumentType 497
Document Period End Date dei_DocumentPeriodEndDate Dec. 31, 2017
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 Jun. 18, 2018
Document Effective Date dei_DocumentEffectiveDate Jun. 18, 2018
Prospectus Date rr_ProspectusDate May 01, 2018
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