497 1 pro_saistkr-392.htm COMBO MEGA STICKER

SUPPLEMENT TO THE CURRENTLY EFFECTIVE PROSPECTUSES AND STATEMENTS OF ADDITIONAL INFORMATION OF EACH OF THE LISTED FUNDS

 

 

Deutsche Bond VIP

Deutsche California Tax-Free Income Fund

Deutsche Enhanced Commodity Strategy Fund

Deutsche Floating Rate Fund

Deutsche Global High Income Fund

Deutsche Global Inflation Fund

Deutsche High Conviction Global Bond Fund

Deutsche High Income Fund

Deutsche High Income VIP

Deutsche Intermediate Tax/AMT Free Fund

Deutsche Managed Municipal Bond Fund

Deutsche Massachusetts Tax-Free Fund

Deutsche New York Tax-Free Income Fund

Deutsche Short-Term Municipal Bond Fund

Deutsche Strategic High Yield Tax-Free Fund

Deutsche Total Return Bond Fund

 

 

 

Effective on or about November 1, 2017, the following disclosure is added to the “Main investments” disclosure contained in the “Fund Details” section of each fund's prospectus and in the sub-section “Bonds and Commercial Paper Ratings” of the “RATINGS OF INVESTMENTS” section in Part II of each fund’s Statement of Additional Information:

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.

Please Retain This Supplement for Future Reference

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

October 30, 2017

PRO-SAISTKR-392

logo3.jpg