0000088053-18-000553.txt : 20180518 0000088053-18-000553.hdr.sgml : 20180518 20180518144044 ACCESSION NUMBER: 0000088053-18-000553 CONFORMED SUBMISSION TYPE: 497K PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20180518 DATE AS OF CHANGE: 20180518 EFFECTIVENESS DATE: 20180518 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DEUTSCHE MUNICIPAL TRUST CENTRAL INDEX KEY: 0000203142 IRS NUMBER: 046396607 STATE OF INCORPORATION: MA FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: 497K SEC ACT: 1933 Act SEC FILE NUMBER: 002-57139 FILM NUMBER: 18846213 BUSINESS ADDRESS: STREET 1: 345 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10154-0004 BUSINESS PHONE: 212-454-6778 MAIL ADDRESS: STREET 1: 345 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10154-0004 FORMER COMPANY: FORMER CONFORMED NAME: DWS MUNICIPAL TRUST DATE OF NAME CHANGE: 20060207 FORMER COMPANY: FORMER CONFORMED NAME: SCUDDER MUNICIPAL TRUST DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: SCUDDER MANAGED MUNICIPAL BONDS DATE OF NAME CHANGE: 19880302 0000203142 S000031144 Deutsche Short-Term Municipal Bond Fund C000096616 Class A SRMAX C000096618 Class C SRMCX C000096619 Class S SRMSX C000096620 Institutional Class MGSMX C000177623 Class T SRMTX 497K 1 sk_prostkr-1038.htm DEUTSCHE SHORT-TERM MUNICIPAL BOND FUND

SUPPLEMENT TO THE CURRENTLY EFFECTIVE SUMMARY PROSPECTUSES OF EACH OF THE LISTED FUNDS

     

The following changes will take effect on or about July 2, 2018:

Deutsche Investment Management Americas Inc., the investment advisor for the below-listed funds, will be renamed to DWS Investment Management Americas, Inc. In addition, the “Deutsche funds” will become known as the “DWS funds” and the below-listed Deutsche funds and share classes, as applicable, will be renamed as follows:

Current Fund Name New Fund Name

Deutsche California Tax-Free Income Fund
DWS California Tax-Free Income Fund
Deutsche Capital Growth Fund DWS Capital Growth Fund
Deutsche Communications Fund DWS Communications Fund
Deutsche Core Equity Fund DWS Core Equity Fund
Deutsche CROCI® Equity Dividend Fund DWS CROCI® Equity Dividend Fund
Deutsche CROCI® International Fund DWS CROCI® International Fund
Deutsche CROCI® Sector Opportunities Fund DWS CROCI® Sector Opportunities Fund
Deutsche CROCI® U.S. Fund DWS CROCI® U.S. Fund
Deutsche EAFE® Equity Index Fund DWS EAFE® Equity Index Fund
Deutsche Emerging Markets Equity Fund DWS Emerging Markets Equity Fund
Deutsche Emerging Markets Fixed Income Fund DWS Emerging Markets Fixed Income Fund
Deutsche Enhanced Commodity Strategy Fund DWS Enhanced Commodity Strategy Fund

Deutsche Equity 500 Index Fund

         (a feeder fund of Deutsche Equity 500 Index Portfolio)

DWS Equity 500 Index Fund

(a feeder fund of Deutsche DWS Equity 500 Index Portfolio)

Deutsche European Equity Fund DWS European Equity Fund
Deutsche Fixed Income Opportunities Fund DWS Fixed Income Opportunities Fund
Deutsche Floating Rate Fund DWS Floating Rate Fund
Deutsche Global High Income Fund DWS Global High Income Fund
Deutsche Global Income Builder Fund DWS Global Income Builder Fund
Deutsche Global Infrastructure Fund DWS RREEF Global Infrastructure Fund
Deutsche Global Macro Fund DWS Global Macro Fund
Deutsche Global Real Estate Securities Fund DWS RREEF Global Real Estate Securities Fund
Deutsche Global Small Cap Fund DWS Global Small Cap Fund
Deutsche GNMA Fund DWS GNMA Fund
Deutsche Health and Wellness Fund DWS Health and Wellness Fund
Deutsche High Conviction Global Bond Fund DWS High Conviction Global Bond Fund
Deutsche High Income Fund DWS High Income Fund
Deutsche Intermediate Tax/AMT Free Fund DWS Intermediate Tax/AMT Free Fund
Deutsche International Growth Fund DWS International Growth Fund
Deutsche Large Cap Focus Growth Fund DWS Large Cap Focus Growth Fund
Deutsche Latin America Equity Fund DWS Latin America Equity Fund
Deutsche Managed Municipal Bond Fund DWS Managed Municipal Bond Fund
Deutsche Massachusetts Tax-Free Fund DWS Massachusetts Tax-Free Fund
Deutsche Mid Cap Value Fund DWS Mid Cap Value Fund
Deutsche MLP & Energy Infrastructure Fund DWS RREEF MLP & Energy Infrastructure Fund
Deutsche Money Market Prime Series DWS Money Market Prime Series

Class Names:

Deutsche Cash Investment Trust Class A

Class Names:

 DWS Cash Investment Trust Class A

Deutsche Cash Investment Trust Class C  DWS Cash Investment Trust Class C
Deutsche Cash Investment Trust Class S  DWS Cash Investment Trust Class S
Deutsche Money Market Fund  DWS Money Market Fund
Deutsche Multi-Asset Conservative Allocation Fund DWS Multi-Asset Conservative Allocation Fund
Deutsche Multi-Asset Global Allocation Fund DWS Multi-Asset Global Allocation Fund
Deutsche Multi-Asset Moderate Allocation Fund DWS Multi-Asset Moderate Allocation Fund


May 18, 2018
PROSTKR-1038

 

 

Current Fund Name New Fund Name

Deutsche Multisector Income Fund
DWS Multisector Income Fund
Deutsche New York Tax-Free Income Fund DWS New York Tax-Free Income Fund
Deutsche Real Assets Fund DWS RREEF Real Assets Fund
Deutsche Real Estate Securities Fund DWS RREEF Real Estate Securities Fund

         Deutsche S&P 500 Index Fund

(a feeder fund of Deutsche Equity 500 Index Portfolio)

         DWS S&P 500 Index Fund

(a feeder fund of Deutsche DWS Equity 500 Index Portfolio)

Deutsche Science and Technology Fund DWS Science and Technology Fund
Deutsche Short Duration Fund DWS Short Duration Fund
Deutsche Short Duration High Income Fund DWS Short Duration High Income Fund
Deutsche Short-Term Municipal Bond Fund DWS Short-Term Municipal Bond Fund
Deutsche Small Cap Core Fund DWS Small Cap Core Fund
Deutsche Small Cap Growth Fund DWS Small Cap Growth Fund
Deutsche Strategic High Yield Tax-Free Fund DWS Strategic High Yield Tax-Free Fund
Deutsche Total Return Bond Fund DWS Total Return Bond Fund
Deutsche U.S. Bond Index Fund DWS U.S. Bond Index Fund
Deutsche U.S. Multi-Factor Fund DWS U.S. Multi-Factor Fund
Deutsche World Dividend Fund DWS World Dividend Fund
Deutsche Bond VIP DWS Bond VIP
Deutsche Capital Growth VIP DWS Capital Growth VIP
Deutsche Core Equity VIP DWS Core Equity VIP
Deutsche CROCI® International VIP DWS CROCI® International VIP
Deutsche Global Small Cap VIP DWS Global Small Cap VIP
Deutsche Equity 500 Index VIP DWS Equity 500 Index VIP
Deutsche Small Cap Index VIP DWS Small Cap Index VIP
Deutsche Alternative Asset Allocation VIP DWS Alternative Asset Allocation VIP
Deutsche CROCI® U.S. VIP DWS CROCI® U.S. VIP
Deutsche Global Equity VIP DWS Global Equity VIP
Deutsche Global Income Builder VIP DWS Global Income Builder VIP
Deutsche Government & Agency Securities VIP DWS Government & Agency Securities VIP
Deutsche Government Money Market VIP DWS Government Money Market VIP
Deutsche High Income VIP DWS High Income VIP
Deutsche International Growth VIP DWS International Growth VIP
Deutsche Multisector Income VIP DWS Multisector Income VIP
Deutsche Small Mid Cap Growth VIP DWS Small Mid Cap Growth VIP
Deutsche Small Mid Cap Value VIP DWS Small Mid Cap Value VIP

Please Retain This Supplement for Future Reference

 

 

 

 

 

2

 GRAPHIC 2 logo.jpg GRAPHIC begin 644 logo.jpg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end