Cohen & Steers Low Duration Preferred and Income Fund, Inc.
Actively managed global bond fund
The primary investment objective of Cohen & Steers Low Duration Preferred and Income Fund, Inc. (the Fund) is to seek to provide shareholders with high current income, and the secondary objective is to provide capital preservation.
The fund seeks high current income by investing in preferred and hybrid preferred securities, corporate debt, convertibles, and contingent capital securities issued by U.S. and non-U.S. companies, selected based on credit quality, relative value, and structural features including call and conversion provisions. The fund targets a weighted average modified duration of less than three years to manage interest rate sensitivity, though duration may extend beyond three years during extreme market movements. The fund maintains at least 25% of assets in the financials sector and may invest up to 15% in emerging market securities; because security selection depends on the manager's assessment of credit quality and relative value, performance will diverge from any benchmark.
What you own
| Company | Weight | Value | Shares |
|---|---|---|---|
TRUIST FINANCIAL CORP 6.67% · due 2026-09-01 | 1.62% | $31.30M | — |
CITIGROUP INC 6.88% · due 2030-08-15 | 1.36% | $26.28M | — |
UBS GROUP AG 6.63% · due 2031-01-08 | 1.27% | $24.58M | — |
ROYAL BANK OF CANADA 6.75% · due 2085-08-24 | 1.27% | $24.47M | — |
TRANSCANADA TRUST 5.88% · due 2076-08-15 | 1.26% | $24.23M | — |
ENBRIDGE INC 8.25% · due 2084-01-15 | 1.24% | $23.89M | — |
HSBC HOLDINGS PLC 7.05% · due 2030-06-05 | 1.23% | $23.68M | — |
CITIGROUP INC 7.63% · due 2028-11-15 | 1.18% | $22.74M | — |
EMERA INC 6.75% · due 2076-06-15 | 1.10% | $21.19M | — |
TORONTO-DOMINION BANK 8.13% · due 2082-10-31 | 1.09% | $21.02M | — |
The 200 largest of 253 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Bonds | 94.41% |
| Stocks | 3.96% |
| Cash & short-term | 0.77% |
| Derivatives | 0.01% |
Derivatives are shown at market value, not notional exposure.
By sector
- International
- 34.8%
- Financials
- 31.4%
- Utilities
- 12.0%
- Other
- 9.1%
- 9 other sectors
- 12.8%
- International
- 34.8%
- Financials
- 31.4%
- Utilities
- 12.0%
- Other
- 9.1%
- Real Estate
- 4.2%
- Energy
- 2.9%
- Government
- 1.6%
- Health Care
- 1.1%
- Communication Services
- 0.8%
- Cash
- 0.8%
- Information Technology
- 0.8%
- Consumer Discretionary
- 0.5%
- Materials
- 0.1%
How it has done
LPXAX share class · total returns with dividends reinvested
Volatility over the last 12 months: 2.52%. Past returns are a record, not a forecast.
Jun 2026 and Jul 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
The 6 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 0.95% | +6.67% | +26.03% | +19.17% | -1.52% | |
| 1.60% | +5.91% | +23.32% | +14.99% | -1.69% | |
| 0.60% | +6.97% | +27.12% | +21.02% | -1.50% | |
| 1.10% | +6.41% | +25.33% | +18.06% | -1.54% | |
| 0.60% | +6.98% | +27.17% | +20.80% | -1.50% | |
| 0.60% | +6.97% | +27.27% | +21.04% | -1.50% |
These classes hold the same portfolio, so the 6.04pp spread over 5 years is the cost difference between them — roughly 1.21pp a year — not a difference in what they own.
Fees & fund details
Cohen & Steers Low Duration Preferred and Income Fund, Inc. is an actively managed global bond fund.
- Asset class
- Bonds
- Region
- Global
- Management
- Actively managed
- Fund type
- Open-end fund
- Credit quality
- Mixed credit
- Rate sensitivity
- Short duration
- Expense ratio, by class
- 0.60% – 1.60%· LPXAX 0.95%
- Portfolio turnover
- 53.00% a year · as of 2025 Q3
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
28 new· the largest 8
14 exited· the largest 8
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-04-30
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Fixed rate | 96.8% |
| Floating rate | 3.2% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 7.0% |
| 1-3y | 22.1% |
| 3-5y | 25.8% |
| 5-10y | 7.5% |
| 10y+ | 37.5% |
| Unknown | 0.1% |
These three overlap — one holding can be in arrears and paying in kind at once — so they are shown separately and never summed.
Risk profile
Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2
More of this fund’s sensitivity sits in credit spreads than in interest rates — a rate rally that comes with a credit selloff works against it.
Where the loss would come from. The two shocks are the same size, so this is the balance of the fund's two sensitivities rather than a bet on one moving more.
| Credit spreads | 53% |
| Interest rates | 47% |
Filers report the impact of a 0.01% move only, so the total is our own scaling of that one number and overstates the loss on most bonds — read it as approximate, never as precise. The two sensitivities overlap rather than add up: they measure the same positions against different shocks, which is why the durations above are shown side by side and never summed.
Share of the fund's spread duration carried by each credit tier.
| Investment grade | +2.00 yr |
| High yield | +1.24 yr |
Share of duration at each point, shortest first. A positive figure loses value when spreads widen; a negative one offsets — a credit hedge.
| 3 mo | 0.03 yr | 1% |
| 1 yr | 0.81 yr | 28% |
| 5 yr | 1.89 yr | 65% |
| 10 yr | 0.13 yr | 5% |
| 30 yr | 0.05 yr | 2% |
| 3 mo | 0.03 yr | 1% |
| 1 yr | 0.85 yr | 26% |
| 5 yr | 1.92 yr | 59% |
| 10 yr | 0.28 yr | 8% |
| 30 yr | 0.17 yr | 5% |
The two bands measure the same positions against different shocks and do not add — a Treasury carries rate duration and no spread duration, a floating-rate credit the reverse. Rate tenors are also summed across every currency the fund discloses.
Show the numbers
| Tenor | Rate yrs | IG yrs | HY yrs | IG $/bp | HY $/bp |
|---|---|---|---|---|---|
| 3 mo | +0.03 | +0.02 | +0.01 | $3.7k | $1.7k |
| 1 yr | +0.81 | +0.56 | +0.29 | $108.1k | $56.5k |
| 5 yr | +1.89 | +1.18 | +0.73 | $228.0k | $141.6k |
| 10 yr | +0.13 | +0.15 | +0.13 | $28.7k | $24.5k |
| 30 yr | +0.05 | +0.09 | +0.08 | $18.2k | $14.8k |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
Duration contribution in years, summing to the fund's 2.92 yr.
This is where the fund's rate exposure sits, not its currency risk — most international bond funds hedge the currency back to dollars, and the size of those hedges is not in the filing. Tenors are also summed across curves, so a 5-year JPY point and a 5-year USD point are added together.
A newer credit-spread reading (2026Q3) is on file. This page holds one quarter across every figure on it, so that one appears here next quarter.
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