The Cohen & Steers Low Duration Preferred and Income Fund, Inc. Class A (LPXAX) is a mutual fund that focuses on investing in preferred securities and fixed-income instruments with shorter durations. This fund is managed by Cohen & Steers, a leading investment management firm, and aims to provide investors with a steady stream of income while minimizing interest rate risk. LPXAX is suitable for investors seeking a conservative approach to generating income and potentially preserving capital.