The Cohen & Steers Low Duration Preferred and Income Fund, Inc. Class Z (LPXZX) 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. The Class Z shares of this fund are designed for institutional investors and have a lower expense ratio compared to other share classes. LPXZX offers a diversified portfolio of high-quality securities, making it a suitable option for investors seeking a conservative approach to income generation.