Limited Duration Investment Grade Preferred Securities Fund is an investment fund. The Fund's objectives are to provide shareholders with stable stream of monthly distributions; to preserve the net asset value (NAV) per Unit, and to reduce the risk of rising interest rates by managing portfolio duration. The Fund invests approximately 80% of the total assets in preferred securities (including hybrid securities); over 80% of the total assets in investment grade securities, and approximately 100% of the total assets in the United States dollar denominated securities. The Fund invests primarily in preferred securities issued by companies in the financial services sector and in securities of companies in other sectors, such as energy, industrials, utilities, pipelines, healthcare and telecommunications. The Fund may invest in preferred securities and debt instruments, and securities of other investment companies. Nuveen Asset Management, LLC acts as the investment advisor for the Fund.