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Risk/Return: rr_RiskReturnAbstract  
Central Index Key dei_EntityCentralIndexKey 0000745463
PARAMETRIC COMMODITY STRATEGY FUND  
Risk/Return: rr_RiskReturnAbstract  
Supplement, Text Block evmft_SupplementTextBlock

PARAMETRIC COMMODITY STRATEGY FUND
Supplement to Prospectus dated May 1, 2016

 

The following changes are effective immediately:

 

1. The following replaces “Fees and Expenses of the Fund” in “Fund Summaries – Parametric Commodity Strategy Fund”:

 

This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund.  

 

Shareholder Fees (fees paid directly from your investment) Investor Class Institutional Class
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) None None
Maximum Deferred Sales Charge (Load) (as a percentage of the lower of net asset value at purchase or redemption) None None

1.

Annual Fund Operating Expenses (expenses you pay each year as a percentage of the value of your investment)(1) Investor Class Institutional Class
Management Fees of the Fund and Subsidiary 0.55% 0.55%
Distribution and Service (12b-1) Fees 0.25% None
Other Expenses (of the Fund and Subsidiary)    
 Other Expenses of the Fund 0.26% 0.26%
 Other Expenses of the Subsidiary 0.13% 0.13%
Total Other Expenses 0.39% 0.39%
Total Annual Fund Operating Expenses 1.19% 0.94%
Expense Reimbursement(1)(2) (0.29)% (0.29)%
Total Annual Fund Operating Expenses After Expense Reimbursement 0.90% 0.65%
 (1) “Management Fees” reflect a fee reduction agreement to the Fund’s investment advisory agreement effective November 1, 2016, and “Management Fees” and “Expense Reimbursement” have been restated to reflect the fees as if the Fund’s revised advisory fee was in effect for the Fund’s full fiscal year ended December 31, 2015.
 (2) The investment adviser and administrator and sub-adviser have agreed to reimburse the Fund’s expenses to the extent that Total Annual Fund Operating Expenses exceed 0.90% for Investor Class shares and 0.65% for Institutional Class shares.  This expense reimbursement will continue through April 30, 2018.  Any amendment to or termination of this reimbursement would require 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 and administrator and sub-adviser during the same 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:

 

  1 Year 3 Years 5 Years 10 Years
Investor Class shares $92 $349 $626 $1,417
Institutional Class shares $66 $271 $492 $1,128

 

2. The following replaces Parametric Commodity Strategy Fund’s investment advisory fee schedule under “Management.” in “Management and Organization”:

 

Parametric Commodity Strategy Fund. Under its investment advisory and administrative agreement with the Fund, Eaton Vance receives a monthly fee as follows:

 

Average Daily Net Assets for the Month Annual Fee Rate
(for each level)
Up to $1 billion 0.550%
$1 billion but less than $2.5 billion 0.525%
$2.5 billion but less than $5 billion 0.505%
$5 billion and over 0.490%

 

* Pursuant to a fee reduction agreement dated November 1, 2016, Eaton Vance contractually agreed to reduce its investment advisory and administration fee as stated above. These contractual reductions cannot be terminated or reduced without Trustee and shareholder approval.

 

Prior to November 1, 2016, Eaton Vance received a monthly investment advisory and administration agreement fee as follows:

 

Average Daily Net Assets Annual Fee Rate
(for each level)
up to $500 million 0.600%
$500 million but less than $1 billion 0.575%
$1 billion but less than $2.5 billion 0.550%
$2.5 billion but less than $5 billion 0.530%
$5 billion and over 0.515%

 

   
November 1, 2016 23334  11.1.16
Expense, Narrative rr_ExpenseNarrativeTextBlock

This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund.
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)

 [1]
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 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:
PARAMETRIC COMMODITY STRATEGY FUND | Investor Class  
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 of the Fund and Subsidiary rr_ManagementFeesOverAssets 0.55%
Distribution and Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses of the Fund rr_Component1OtherExpensesOverAssets 0.26%
Other Expenses of the Subsidiary rr_Component2OtherExpensesOverAssets 0.13%
Total Other Expenses rr_OtherExpensesOverAssets 0.39%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.19%
Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.29%) [1],[2]
Total Annual Fund Operating Expenses After Expense Reimbursement rr_NetExpensesOverAssets 0.90%
1 Year rr_ExpenseExampleYear01 $ 92
3 Years rr_ExpenseExampleYear03 349
5 Years rr_ExpenseExampleYear05 626
10 Years rr_ExpenseExampleYear10 $ 1,417
PARAMETRIC COMMODITY STRATEGY FUND | Institutional Class  
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 of the Fund and Subsidiary rr_ManagementFeesOverAssets 0.55%
Distribution and Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses of the Fund rr_Component1OtherExpensesOverAssets 0.26%
Other Expenses of the Subsidiary rr_Component2OtherExpensesOverAssets 0.13%
Total Other Expenses rr_OtherExpensesOverAssets 0.39%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.94%
Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.29%) [1],[2]
Total Annual Fund Operating Expenses After Expense Reimbursement rr_NetExpensesOverAssets 0.65%
1 Year rr_ExpenseExampleYear01 $ 66
3 Years rr_ExpenseExampleYear03 271
5 Years rr_ExpenseExampleYear05 492
10 Years rr_ExpenseExampleYear10 $ 1,128
[1] Management Fees" reflect a fee reduction agreement to the Fund's investment advisory agreement effective November 1, 2016, and "Management Fees" and "Expense Reimbursement" have been restated to reflect the fees as if the Fund's revised advisory fee was in effect for the Fund's full fiscal year ended December 31, 2015.
[2] The investment adviser and administrator and sub-adviser have agreed to reimburse the Fund's expenses to the extent that Total Annual Fund Operating Expenses exceed 0.90% for Investor Class shares and 0.65% for Institutional Class shares. This expense reimbursement will continue through April 30, 2018. Any amendment to or termination of this reimbursement would require 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 and administrator and sub-adviser during the same fiscal year to the extent actual expenses are less than the contractual expense cap during such year.