497K 1 skprostkr-801.txt DEUTSCHE LATIN AMERICA EQUITY FUND SUPPLEMENT TO THE CURRENTLY EFFECTIVE SUMMARY PROSPECTUSES -------- Deutsche California Tax-Free Income Fund Deutsche Capital Growth Fund Deutsche Core Equity Fund Deutsche Core Fixed Income Fund Deutsche CROCI (Reg. TM) International Fund Deutsche CROCI (Reg. TM) Sector Opportunities Fund Deutsche CROCI (Reg. TM) U.S. Fund Deutsche Emerging Markets Equity Fund Deutsche Emerging Markets Frontier Fund Deutsche Enhanced Commodity Strategy Fund Deutsche Enhanced Emerging Markets Fixed Income Fund Deutsche Enhanced Global Bond Fund Deutsche European Equity Fund Deutsche Fixed Income Opportunities Fund Deutsche Floating Rate Fund Deutsche Global Equity Fund Deutsche Global Growth Fund Deutsche Global High Income Fund Deutsche Global Income Builder Fund Deutsche Global Inflation Fund Deutsche Global Small Cap Fund Deutsche GNMA Fund Deutsche Gold & Precious Metals Fund Deutsche Health and Wellness Fund Deutsche High Income Fund Deutsche Intermediate Tax/AMT Free Fund Deutsche Latin America Equity Fund Deutsche Large Cap Focus Growth Fund Deutsche Managed Municipal Bond Fund Deutsche Massachusetts Tax-Free Fund Deutsche Mid Cap Growth Fund Deutsche Money Market Prime Series Deutsche Multi-Asset Conservative Allocation Fund Deutsche Multi-Asset Global Allocation Fund Deutsche Multi-Asset Moderate Allocation Fund Deutsche New York Tax-Free Income Fund Deutsche Real Assets Fund Deutsche Science and Technology Fund Deutsche Short Duration Fund Deutsche Short-Term Municipal Bond Fund Deutsche Small Cap Core Fund Deutsche Small Cap Growth Fund Deutsche Strategic Government Securities Fund Deutsche Select Alternative Allocation Fund Deutsche Strategic High Yield Tax-Free Fund Deutsche Unconstrained Income Fund Deutsche World Dividend Fund Effective April 10, 2017, the following disclosure is added to the first paragraph under the "Fees and Expenses of the Fund" section of each fund's summary prospectus. Information about sales charge discounts and waivers that may be provided by certain intermediaries is described under "Appendix B - Sales Charge Waivers and Discounts Available Through Intermediaries," which has been added to the fund's prospectus by supplement. Please Retain This Supplement for Future Reference April 3, 2017 PROSTKR-801 Deutsche Asset Management [DB Logo]