N-2 |
6 Months Ended |
---|---|
Apr. 30, 2024
$ / shares
shares
| |
Cover [Abstract] | |
Entity Central Index Key | 0001556336 |
Amendment Flag | false |
Entity Inv Company Type | N-2 |
Document Type | N-CSRS |
Entity Registrant Name | First Trust MLP and Energy Income Fund |
General Description of Registrant [Abstract] | |
Investment Objectives and Practices [Text Block] | The Fund’s investment objective is to seek a high level of total return with an emphasis on current distributions paid to common shareholders. The Fund seeks to provide its common shareholders with a vehicle to
invest in a portfolio of cash-generating securities, with a focus on investing in publicly traded master limited partnerships (“MLPs”), MLP-related entities and other companies in the energy sector and energy utility industries. The Fund, under normal market conditions,
invests at least 85% of its managed assets in equity and debt securities of MLPs, MLP-related entities and other energy sector and
energy utility companies that Energy Income
Partners, LLC (“EIP” or the “Sub-Advisor”) believes offer opportunities for growth and income. There can be no assurance that the Fund will achieve its investment objective. The Fund may not be appropriate for all investors. |
Share Price | $ 9.67 |
NAV Per Share | $ 9.86 |
Latest Premium (Discount) to NAV [Percent] | (1.93%) |
Capital Stock, Long-Term Debt, and Other Securities [Abstract] | |
Outstanding Security, Title [Text Block] | Common Shares outstanding (unlimited number of Common Shares has been authorized) |
Outstanding Security, Held [Shares] | shares | 45,228,904 |
Document Period End Date | Apr. 30, 2024 |