Cohen & Steers Limited Duration Preferred and Income Fund (NYSE:LDP) is a closed-end management investment company that seeks to provide current income and capital appreciation by primarily investing in preferred and other income-producing securities. The fund’s approach emphasizes managing interest rate risk through a limited-duration strategy, aiming to offer investors downside protection in rising-rate environments while still capturing attractive yield opportunities.
The fund allocates capital across U.S. and global markets, with a focus on preferred stocks, hybrid securities, and other structured income instruments issued by financial institutions, utilities, and communications firms. Portfolio managers employ rigorous fundamental credit research and interest rate analysis to select securities that meet quality and duration targets. Active duration management and sector diversification are central to the fund’s risk management discipline, helping to mitigate volatility and enhance risk-adjusted returns.
Launched as part of the broader Cohen & Steers family of funds, LDP leverages the firm’s more than three decades of experience in income and real estate investment. Since its inception, Cohen & Steers has built a reputation for disciplined credit analysis, robust risk controls, and a commitment to transparency in portfolio construction. The fund benefits from the firm’s global research platform and long-standing relationships with issuers and underwriters.
The fund is overseen by a dedicated team of portfolio managers and supported by Cohen & Steers’ in-house credit analysts and risk management professionals. This integrated structure allows for seamless communication of market insights and timely adjustments to the portfolio in response to evolving economic and credit conditions. Through its limited-duration preferred strategy, LDP aims to serve investors seeking a balanced approach to income generation and interest rate resilience.
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