LMP Capital and Income Fund Inc. is a diversified mutual fund, focusing on a mix of public equity and fixed income investments globally. Managed by Legg Mason Partners Fund Advisor and co-managed by Clearbridge Investments and Western Asset Management, it aims to generate income and capital growth. The fund invests in large-cap stocks, corporate bonds rated A- or higher, master limited partnerships in both energy and non-energy sectors, and real estate investment trusts, adapting its strategy based on various economic and market conditions.