EX-99.77D POLICIES 2 ex77D.txt Item 77D - Deutsche Managed Municipal Bond Fund and Deutsche Strategic High Yield Tax-Free Fund (each, a series of Deutsche Municipal Trust) (each, the "Fund") Effective on or about November 1, 2017, the Fund's principal investment strategy was amended to include the following: If a fixed income security is rated differently among the three major ratings agencies (i.e. Moody's Investor Services, Inc., Fitch Investors Services, Inc., and Standard & Poor's Ratings Group), portfolio management would rely on the highest credit rating for purposes of the fund's investment policies.