0000745463
2014-03-06
2014-03-06
0000745463
evmft:S000019373Member
2014-03-06
2014-03-06
0000745463
evmft:S000019373Member
evmft:C000053808Member
2014-03-06
2014-03-06
0000745463
evmft:S000019373Member
evmft:C000053809Member
2014-03-06
2014-03-06
0000745463
evmft:S000019373Member
evmft:C000053810Member
2014-03-06
2014-03-06
0000745463
evmft:S000019373Member
evmft:C000053811Member
2014-03-06
2014-03-06
0000745463
evmft:S000019373Member
evmft:C000053812Member
2014-03-06
2014-03-06
iso4217:USD
xbrli:pure
Other
2013-03-31
Eaton Vance Mutual Funds Trust
0000745463
false
2014-03-06
2014-03-06
2014-03-01
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">EATON VANCE FLOATING-RATE ADVANTAGE FUND<br />
EATON VANCE FLOATING-RATE FUND<br />
EATON VANCE FLOATING-RATE & HIGH INCOME FUND<br />
Supplement to Prospectus dated March 1, 2014</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">1.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: -1.5pt">The following replaces the Annual Fund
Operating Expenses table in “Fees and Expenses of the Fund” in “Fund Summaries – Floating-Rate Advantage
Fund”:</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"> </p>
<table cellspacing="0" cellpadding="0" style="width: 100%; font: 9pt Calibri, Helvetica, Sans-Serif">
<tr>
<td style="width: 60%"> </td>
<td style="width: 8%"> </td>
<td style="width: 8%"> </td>
<td style="width: 8%"> </td>
<td style="width: 8%"> </td>
<td style="width: 8%"> </td></tr>
<tr style="vertical-align: bottom; background-color: #E6E6E6">
<td style="border-bottom: black 1pt solid; padding-top: 2.25pt; padding-bottom: 2.25pt; line-height: 107%"><font style="font: 9pt Times New Roman, Times, Serif">Annual Fund Operating Expenses (expenses you pay each year as a percentage of the value of your investments)<sup>(1)</sup></font></td>
<td style="border-bottom: black 1pt solid; padding-top: 2.25pt; padding-bottom: 2.25pt; text-align: center; line-height: 107%"><font style="font: 9pt Times New Roman, Times, Serif">Advisers Class</font></td>
<td style="border-bottom: black 1pt solid; padding-top: 2.25pt; padding-bottom: 2.25pt; text-align: center; line-height: 107%"><font style="font: 9pt Times New Roman, Times, Serif">Class A</font></td>
<td style="border-bottom: black 1pt solid; padding-top: 2.25pt; padding-bottom: 2.25pt; text-align: center; line-height: 107%"><font style="font: 9pt Times New Roman, Times, Serif">Class B</font></td>
<td style="border-bottom: black 1pt solid; padding-top: 2.25pt; padding-bottom: 2.25pt; text-align: center; line-height: 107%"><font style="font: 9pt Times New Roman, Times, Serif">Class C</font></td>
<td style="border-bottom: black 1pt solid; padding-top: 2.25pt; padding-bottom: 2.25pt; text-align: center; line-height: 107%"><font style="font: 9pt Times New Roman, Times, Serif">Class I</font></td></tr>
<tr style="vertical-align: bottom; background-color: #E6E6E6">
<td style="padding-top: 2.25pt; padding-bottom: 2.25pt; line-height: 107%"><font style="font: 9pt Times New Roman, Times, Serif">Management Fees</font></td>
<td style="padding-top: 2.25pt; padding-bottom: 2.25pt; text-align: center; line-height: 107%"><font style="font: 9pt Times New Roman, Times, Serif">0.59%</font></td>
<td style="padding-top: 2.25pt; padding-bottom: 2.25pt; text-align: center; line-height: 107%"><font style="font: 9pt Times New Roman, Times, Serif">0.59%</font></td>
<td style="padding-top: 2.25pt; padding-bottom: 2.25pt; text-align: center; line-height: 107%"><font style="font: 9pt Times New Roman, Times, Serif">0.59%</font></td>
<td style="padding-top: 2.25pt; padding-bottom: 2.25pt; text-align: center; line-height: 107%"><font style="font: 9pt Times New Roman, Times, Serif">0.59%</font></td>
<td style="padding-top: 2.25pt; padding-bottom: 2.25pt; text-align: center; line-height: 107%"><font style="font: 9pt Times New Roman, Times, Serif">0.59%</font></td></tr>
<tr style="vertical-align: bottom; background-color: #E6E6E6">
<td style="padding-top: 2.25pt; padding-bottom: 2.25pt; line-height: 107%"><font style="font: 9pt Times New Roman, Times, Serif">Distribution and Service (12b-1) Fees</font></td>
<td style="padding-top: 2.25pt; padding-bottom: 2.25pt; text-align: center; line-height: 107%"><font style="font: 9pt Times New Roman, Times, Serif">0.25%</font></td>
<td style="padding-top: 2.25pt; padding-bottom: 2.25pt; text-align: center; line-height: 107%"><font style="font: 9pt Times New Roman, Times, Serif">0.25%</font></td>
<td style="padding-top: 2.25pt; padding-bottom: 2.25pt; text-align: center; line-height: 107%"><font style="font: 9pt Times New Roman, Times, Serif">0.60%</font></td>
<td style="padding-top: 2.25pt; padding-bottom: 2.25pt; text-align: center; line-height: 107%"><font style="font: 9pt Times New Roman, Times, Serif">0.75%</font></td>
<td style="padding-top: 2.25pt; padding-bottom: 2.25pt; text-align: center; line-height: 107%"><font style="font: 9pt Times New Roman, Times, Serif">n/a</font></td></tr>
<tr style="vertical-align: bottom; background-color: #E6E6E6">
<td style="padding-top: 2.25pt; padding-bottom: 2.25pt; line-height: 107%"><font style="font: 9pt Times New Roman, Times, Serif">Other Expenses<sup>(2)</sup></font></td>
<td style="padding-top: 2.25pt; padding-bottom: 2.25pt; text-align: center; line-height: 107%"><font style="font: 9pt Times New Roman, Times, Serif"><u>0.34</u>%</font></td>
<td style="padding-top: 2.25pt; padding-bottom: 2.25pt; text-align: center; line-height: 107%"><font style="font: 9pt Times New Roman, Times, Serif"><u>0.35</u>%</font></td>
<td style="padding-top: 2.25pt; padding-bottom: 2.25pt; text-align: center; line-height: 107%"><font style="font: 9pt Times New Roman, Times, Serif"><u>0.36</u>%</font></td>
<td style="padding-top: 2.25pt; padding-bottom: 2.25pt; text-align: center; line-height: 107%"><font style="font: 9pt Times New Roman, Times, Serif"><u>0.35</u>%</font></td>
<td style="padding-top: 2.25pt; padding-bottom: 2.25pt; text-align: center; line-height: 107%"><font style="font: 9pt Times New Roman, Times, Serif"><u>0.35</u>%</font></td></tr>
<tr style="vertical-align: bottom; background-color: #E6E6E6">
<td style="padding-top: 2.25pt; padding-bottom: 2.25pt; line-height: 107%"><font style="font: 9pt Times New Roman, Times, Serif">Total Annual Fund Operating Expenses </font></td>
<td style="padding-top: 2.25pt; padding-bottom: 2.25pt; text-align: center; line-height: 107%"><font style="font: 9pt Times New Roman, Times, Serif">1.18%</font></td>
<td style="padding-top: 2.25pt; padding-bottom: 2.25pt; text-align: center; line-height: 107%"><font style="font: 9pt Times New Roman, Times, Serif">1.19%</font></td>
<td style="padding-top: 2.25pt; padding-bottom: 2.25pt; text-align: center; line-height: 107%"><font style="font: 9pt Times New Roman, Times, Serif">1.55%</font></td>
<td style="padding-top: 2.25pt; padding-bottom: 2.25pt; text-align: center; line-height: 107%"><font style="font: 9pt Times New Roman, Times, Serif">1.69%</font></td>
<td style="padding-top: 2.25pt; padding-bottom: 2.25pt; text-align: center; line-height: 107%"><font style="font: 9pt Times New Roman, Times, Serif">0.94%</font></td></tr>
</table>
<p style="font: 9pt/10pt Times New Roman, Times, Serif; margin: 0"><sup>(1)</sup></p>
<p style="font: 9pt/10pt Times New Roman, Times, Serif; margin: 0 0 2.25pt; text-indent: -1.5pt">Expenses in the table above and
the Example below reflect the expenses of the Fund and the Senior Debt Portfolio (the “Portfolio”), the Fund’s
master Portfolio.</p>
<p style="font: 9pt/10pt Times New Roman, Times, Serif; margin: 0"><sup>(2)</sup></p>
<p style="font: 9pt/10pt Times New Roman, Times, Serif; margin: 0 0 2.25pt; text-indent: -1.5pt">Includes interest expense of 0.22%
for each Class.</p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"> </p>
<table cellspacing="0" cellpadding="0" style="width: 100%; font: 9pt Calibri, Helvetica, Sans-Serif">
<tr>
<td style="width: 50%"> </td>
<td style="width: 50%"> </td></tr>
<tr style="vertical-align: top">
<td style="line-height: 107%; font-size: 10pt"><font style="font: 10pt Times New Roman, Times, Serif">March 6, 2014</font></td>
<td style="text-align: right; line-height: 107%; font-size: 10pt"><font style="font: 10pt Times New Roman, Times, Serif">14520 3.6.14</font></td></tr>
</table>
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"> </p>
EVFAX
EAFAX
EBFAX
ECFAX
EIFAX
0.0059
0.0059
0.0059
0.0059
0.0059
0.0025
0.0025
0.0060
0.0075
0
0.0118
0.0119
0.0155
0.0169
0.0094
<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>
<div style="display: none">~ http://xbrl.sec.gov/rr/role/OperatingExpensesData column period compact * column dei_LegalEntityAxis compact evmft_S000019373Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div>
<p style="font: 9pt/10pt Times New Roman, Times, Serif; margin: 0 0 2.25pt; text-indent: -1.5pt">* Expenses in the table above and
the Example below reflect the expenses of the Fund and the Senior Debt Portfolio (the “Portfolio”), the Fund’s
master Portfolio.</p>
Includes interest expense of 0.22% for each Class.