As of May 31, 2016, PineBridge Investment Grade Preferred Securities Fund has gone out of business. PineBridge Investment Grade Preferred Securities Fund is a closed ended fixed income mutual fund launched by BMO Nesbitt Burns, Inc. The fund is managed by PineBridge Investments LLC. It invests in fixed income markets of the United States. The fund seeks to invest in securities of companies that are operating in the financial services sector. It primarily invests in investment grade preferred securities that are rated at least BBB- by S&P or Baa3 by Moody's. The fund seeks to maintain a weighted average portfolio duration of less than 4.5 years. It employs fundamental analysis with both top-down and bottom-up security selection approaches, focusing on such factors as cash flows, balance sheet strength, financial policies, and industry fundamental trends to create its portfolio. The fund is actively managed. It benchmarks the performance of its portfolio against the BofAML Fixed Rate Preferred Securities Index. PineBridge Investment Grade Preferred Securities Fund was formed on May 28, 2014 and is domiciled in Canada.