LPXCX is a mutual fund offered by Cohen & Steers that focuses on low duration preferred and income securities. This fund, classified as Class C, aims to provide investors with a steady stream of income while also minimizing interest rate risk. LPXCX invests in a variety of preferred stocks, convertible securities, and other income-producing assets, with a focus on shorter-term maturities. This makes it a suitable option for investors seeking a balance between income and stability in their portfolio.