First Trust MLP and Energy Income Fund : Annual Report for the year ended October 31, 2023

FIRST TRUST

MLP AND ENERGY INCOME FUND (FEI)

ANNUAL REPORT

FOR THE YEAR ENDED

OCTOBER 31, 2023

Table of Contents
First Trust MLP and Energy Income Fund (FEI)
Annual Report
October 31, 2023
Shareholder Letter	1
At a Glance	2
Portfolio Commentary	3
Portfolio of Investments	7
Statement of Assets and Liabilities	11
Statement of Operations	12
Statements of Changes in Net Assets	13
Statement of Cash Flows	14
Financial Highlights	15
Notes to Financial Statements	16
Report of Independent Registered Public Accounting Firm	25
Additional Information	26
Investment Objective, Policies, Risks and Effects of Leverage	30
Board of Trustees and Officers	36
Privacy Policy	38

Caution Regarding Forward-Looking Statements

This report contains certain forward-looking statements within the meaning of the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended. Forward-looking statements include statements regarding the goals, beliefs, plans or current expectations of First Trust Advisors L.P. ("First Trust" or the "Advisor") and/or Energy Income Partners, LLC ("EIP" or the "Sub-Advisor") and their respective representatives, taking into account the information currently available to them. Forward-looking statements include all statements that do not relate solely to current or historical fact. For example, forward-looking statements include the use of words such as "anticipate," "estimate," "intend," "expect," "believe," "plan," "may," "should," "would" or other words that convey uncertainty of future events or outcomes.

Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of First Trust MLP and Energy Income Fund (the "Fund") to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. When evaluating the information included in this report, you are cautioned not to place undue reliance on these forward-looking statements, which reflect the judgment of the Advisor and/or Sub-Advisor and their respective representatives only as of the date hereof. We undertake no obligation to publicly revise or update these forward-looking statements to reflect events and circumstances that arise after the date hereof.

Performance and Risk Disclosure

There is no assurance that the Fund will achieve its investment objective. The Fund is subject to market risk, which is the possibility that the market values of securities owned by the Fund will decline and that the value of the Fund's shares may therefore be less than what you paid for them. Accordingly, you can lose money by investing in the Fund. See "Principal Risks" in the Investment Objective, Policies, Risks and Effects of Leverage section of this report for a discussion of certain other risks of investing in the Fund.

Performance data quoted represents past performance, which is no guarantee of future results, and current performance may be lower or higher than the figures shown. For the most recent month-end performance figures, please visit www.ftportfolios.comor speak with your financial advisor. Investment returns, net asset value and common share price will fluctuate and Fund shares, when sold, may be worth more or less than their original cost.

The Advisor may also periodically provide additional information on Fund performance on the Fund's web page at www.ftportfolios.com.

How to Read This Report

This report contains information that may help you evaluate your investment in the Fund. It includes details about the Fund and presents data and analysis that provide insight into the Fund's performance and investment approach.

By reading the portfolio commentary by the portfolio management team of the Fund, you may obtain an understanding of how the market environment affected the Fund's performance. The statistical information that follows may help you understand the Fund's performance compared to that of relevant market benchmarks.

It is important to keep in mind that the opinions expressed by personnel of First Trust and EIP are just that: informed opinions. They should not be considered to be promises or advice. The opinions, like the statistics, cover the period through the date on the cover of this report. The material risks of investing in the Fund are spelled out in the prospectus, the statement of additional information, this report and other Fund regulatory filings.

Shareholder Letter

First Trust MLP and Energy Income Fund (FEI)

Annual Letter from the Chairman and CEO

October 31, 2023

Dear Shareholders,

First Trust is pleased to provide you with the annual report for the First Trust MLP and Energy Income Fund (the "Fund"), which contains detailed information about the Fund for the twelve months ended October 31, 2023.

The Bureau of Economic Analysis recently announced that U.S. real gross domestic product ("GDP") grew by a staggering 4.9% in the third quarter of 2023 and is now up 2.9% on a year-over-year basis from where it stood in the third quarter of 2022. The most recent quarter's GDP data represents the fastest growth rate for any quarter since 2014. Consumer spending, which rose by 4.0% over the period, was responsible for 2.7 percentage points of the total increase in GDP. Whether the consumer can keep up this pace of spending remains to be seen, especially given recent news that excess savings from the pandemic-era stimulus have likely been depleted. From a global perspective, the International Monetary Fund ("IMF") notes that progress in fighting inflation has led to lower economic growth. In their October 2023 publication of the World Economic Outlook, the IMF projected that the growth in world economic output is expected to slow from 3.5% in 2022 to 2.9% in 2024. The economic growth in advanced economies is projected to plummet from 2.6% in 2022 to 1.4% in 2024.

In the notes to their September 2023 meeting, the Federal Open Market Committee revealed that they may need to keep interest rates "higher for longer" as they continue to battle stubbornly high inflation. As many investors are likely aware, a higher Federal Funds target rate can have deep implications for consumers, such as driving up the cost of borrowing for homes, automobiles, and other large purchases. The American consumer has yet to feel the full weight of those burdens, in my opinion. That said, the data reveals a different story among corporate America. S&P Global Market Intelligence reported that a total of 516 U.S. corporations filed for bankruptcy protection on a year-to-date basis through September 30, 2023, up from a total of 263 corporate bankruptcy filings over the same period last year. Higher interest rates and Treasury bond yields have also sapped demand for commercial property loans. Data from Trepp, LLC, a leading provider of data and analytics to the commercial real estate and banking markets, revealed that just $28.2 billion of loans converted into commercial mortgage-backed securities have been issued in 2023, the lowest figure since 2011.

The financial markets battled a myriad of headwinds over the past year, from geopolitical uncertainty resulting from war (the conflicts between Israel and Hamas and Russia and Ukraine), to slowing global economic growth and sticky inflation. Brian Wesbury, Chief Economist at First Trust, notes that a U.S. economic recession is likely to begin at some point early next year. While calls for a recession may concern some investors, the following may offer solace. Data from Bloomberg reveals that the S&P 500® Index has posted positive total returns over the 3-year period following every recession since 1948.

Thank you for giving First Trust the opportunity to play a role in your financial future. We value our relationship with you and will report on the Fund again in six months.

Sincerely,

James A. Bowen

Chairman of the Board of Trustees

Chief Executive Officer of First Trust Advisors L.P.

Page 1

First Trust MLP and Energy Income Fund (FEI)

"AT A GLANCE"

As of October 31, 2023 (Unaudited)

Fund Statistics

Symbol on New York Stock Exchange	FEI
Common Share Price	$8.43
Common Share Net Asset Value ("NAV")	$9.15
Premium (Discount) to NAV	(7.87)%
Net Assets Applicable to Common Shares	$414,030,427
Current Distribution per Common Share(1)	$0.0500
Current Annualized Distribution per Common Share	$0.6000
Current Distribution Rate on Common Share Price(2)	7.12%
Current Distribution Rate on NAV(2)	6.56%

Common Share Price & NAV (weekly closing price)

						Common Share Price		NAV
$10.00
$9.00
$8.00
$7.00
$6.00
0/22	22		2		3	3	3/23	3	3	6/23	7/23	3	/23		3
	/2	2	/2	4/2	/2	/2		/2
11/	2	1/		2	5	8	9	0
1	1												1

Performance

						Average Annual Total Returns
	1 Year Ended	5 Years Ended	10 Years Ended	Inception (11/27/12)
	10/31/23		10/31/23	10/31/23	to 10/31/23
Fund Performance(3)
NAV	7.55%		3.76%	0.87%	2.03%
Market Value	14.27%		3.93%	0.62%	0.84%
Index Performance
S&P 500® Index	10.14%		11.00%	11.17%	12.70%
Alerian MLP Total Return Index	16.60%		8.69%	1.70%	3.41%
		% of					% of Total
Asset Classification	Long-Term					Long-Term
Investments			Top Ten Holdings		Investments
Natural Gas Transmission	26.3%			Enterprise Products Partners, L.P.	9.6%
Petroleum Product Transmission	25.8
			Energy Transfer, L.P.		8.0
Electric Power & Transmission	19.9
			Cheniere Energy Partners, L.P.	6.3
Crude Oil Transmission	12.6
			MPLX, L.P.		5.4
Other	10.8
			ONEOK, Inc.		5.1
Natural Gas Gathering & Processing	3.7
			Plains All American Pipeline, L.P.	5.0
Propane	0.9
			Williams (The) Cos., Inc.	4.4
Total	100.0%			DT Midstream, Inc.		3.4
						Kinder Morgan, Inc.		3.2
						Hess Midstream, L.P., Class A	3.1
						Total		53.5%
						Fund Allocation		% of Net Assets
						Common Stocks		64.6%
						Master Limited Partnerships	49.3
						Money Market Funds		8.5
						Call Options Written		(0.3)
						Outstanding Loans		(22.8)
						Net Other Assets and Liabilities(4)	0.7
						Total		100.0%

1. Most recent distribution paid through October 31, 2023. Subject to change in the future.
2. Distribution rates are calculated by annualizing the most recent distribution paid through the report date and then dividing by Common Share Price or NAV, as applicable, as of October 31, 2023. Subject to change in the future.
3. Total return is based on the combination of reinvested dividend, capital gain, and return of capital distributions, if any, at prices obtained by the Dividend Reinvestment Plan and changes in NAV per share for NAV returns and changes in Common Share Price for market value returns. Total returns do not reflect sales load and are not annualized for periods of less than one year. Past performance is not indicative of future results.
4. Includes swap contracts.

Page 2

Portfolio Commentary

First Trust MLP and Energy Income Fund (FEI)

Annual Report

October 31, 2023 (Unaudited)

Proposed Reorganization

First Trust MLP and Energy Income Fund (the "Fund") will call a special meeting of shareholders to consider merging the Fund into a wholly-owned subsidiary of a newly created exchange-traded fund ("ETF") that would be traded on the NYSE Arca, Inc. and would be an actively managed ETF managed by First Trust Advisors L.P. ("First Trust" or the "Advisor") and sub-advised by Energy Income Partners, LLC ("EIP"), the Fund's current sub-advisor. More information on the proposed transaction, including the risks and considerations associated with the proposed transaction, will be contained in registration statement/proxy materials. This note is not intended to solicit a proxy from any shareholder of the Fund and is not intended to, and shall not, constitute an offer to purchase or sell shares of the Fund or a to-be-formed ETF.

Advisor

First Trust serves as the investment advisor to the Fund. First Trust is responsible for the ongoing monitoring of the Fund's investment portfolio, managing the Fund's business affairs and providing certain administrative services necessary for the management of the Fund.

Sub-Advisor

Energy Income Partners, LLC

EIP, located in Westport, CT, was founded in 2003 to provide professional asset management services in publicly traded energy-related infrastructure companies with above average dividend payout ratios operating pipelines and related storage and handling facilities, electric power transmission and distribution as well as long contracted or regulated power generation from renewables and other sources. The corporate structure of the portfolio companies includes C-corporations, partnerships and energy infrastructure real estate investment trusts. EIP mainly focuses on investments in assets that receive steady fee-based or regulated income from their corporate and individual customers. EIP manages or supervises approximately $4.9 billion of assets as of October 31, 2023. EIP advises two privately offered partnerships for U.S. high net worth individuals and an open-end mutual fund. EIP also manages separately managed accounts and provides its model portfolio to unified managed accounts. Finally, EIP serves as a sub-advisor to three closed-end management investment companies in addition to the Fund, three actively managed exchange-traded funds and a sleeve of a series of a variable insurance trust. EIP is a registered investment advisor with the Securities and Exchange Commission.

Portfolio Management Team

James J. Murchie - Co-Portfolio Manager, Founder and CEO of Energy Income Partners, LLC

Eva Pao - Co-Portfolio Manager, Principal of Energy Income Partners, LLC

John Tysseland - Co-Portfolio Manager, Principal of Energy Income Partners, LLC

The portfolio managers are primarily and jointly responsible for the day-to-day management of the Fund's portfolio.

Commentary

First Trust MLP and Energy Income Fund

The Fund's investment objective is to seek a high level of total return with an emphasis on current distributions paid to common shareholders. Under normal market conditions, the Fund invests at least 85% of its managed assets in equity and debt securities of publicly traded master limited partnerships ("MLPs"), MLP-related entities and other energy sector and energy utilities companies that EIP believes offer opportunities for growth and income. There can be no assurance that the Fund's investment objective will be achieved. The Fund may not be appropriate for all investors.

Market Recap

As measured by the Alerian MLP Total Return Index ("AMZX" or "MLP Benchmark"), the total return for the MLP Benchmark for the 12-month period ended October 31, 2023 was 16.60%. For AMZX, this return reflects a positive 9.34% from distribution payments, while the remaining return is due to share price appreciation. These figures are according to data collected from Bloomberg. While in the short term, market share price appreciation can be volatile, we believe that over the long term, share price appreciation will approximate growth in per share earnings and quarterly cash distributions paid by the companies in the portfolio.

Page 3

Portfolio Commentary (Continued)

First Trust MLP and Energy Income Fund (FEI)

Annual Report

October 31, 2023 (Unaudited)

Performance Analysis
		Average Annual Total Returns
	1 Year Ended	5 Years Ended	10 Years Ended	Inception (11/27/12)
	10/31/23	10/31/23	10/31/23	to 10/31/23
Fund Performance(1)
NAV	7.55%	3.76%	0.87%	2.03%
Market Value	14.27%	3.93%	0.62%	0.84%
Index Performance
S&P 500® Index	10.14%	11.00%	11.17%	12.70%
Alerian MLP Total Return Index	16.60%	8.69%	1.70%	3.41%

Performance of a $10,000 Initial Investment

									October 31, 2013 - October 31, 2023
$40,000
$30,000																														$28,843
$20,000
																																$11,845
$10,000																														$10,643
	$0
		3			4			5			6			7			8			9			0			1			2			3
		/1			/1			/1			/1			/1			/1			/1			/2			/2			/2			/2
	1		1		1		1		1		1		1		1		1		1		1
	/3			/3			/3			/3			/3			/3			/3			/3			/3			/3			/3
0		0		0		0		0		0		0		0		0		0		0
1			1			1			1			1			1			1			1			1			1			1

First Trust MLP and Energy Income Fund

Alerian MLP Total Return Index

S&P 500® Index

Performance figures assume reinvestment of all distributions and do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. An index is a statistical composite that tracks a specified financial market or sector. Unlike the Fund, the indices do not actually hold a portfolio of securities and therefore do not incur the expenses incurred by the Fund. These expenses negatively impact the performance of the Fund. The Fund's past performance does not predict future performance.

On a net asset value ("NAV") basis, for the 12-month period ended October 31, 2023, the Fund provided a total return(1) of 7.55%, including the reinvestment of distributions. This compares, according to collected data, to a total return of 10.14% for the S&P 500® Index (the "Index") and 16.60% for AMZX. On a market value basis, the Fund had a total return(1), including the reinvestment of distributions, of 14.27% for the same period. At the end of the period, the Fund was priced at $8.43 per Common Share, while the NAV was $9.15 per Common Share, a discount of 7.87%. On October 31, 2022, the Fund was priced at $7.96 per Common Share, while the NAV was $9.18 per Common Share, a discount of 13.29%.

For the 12-month period ended October 31, 2023, the Fund's NAV underperformed the MLP Benchmark by 905 basis points ("bps"). While strong performance of the Fund's pipeline and midstream infrastructure companies helped drive positive returns over the last twelve months, the underperformance of the Fund relative to the MLP Benchmark was due to overweight positions in renewable developers and electric utilities that are not included in the MLP Benchmark.

The selloff in utilities was driven by concerns about higher costs for renewables as a bellwether large-cap company in the utilities sector reduced the growth outlook for its renewable subsidiary. This subsidiary provides the parent with a publicly traded financing option for completed renewable projects. However, declining share prices for all renewable developers led to a negative feedback loop rendering this financing vehicle less economic and ultimately led to the parent cutting its growth rate for the subsidiary in half. While this was a drag on sentiment for regulated utilities broadly, EIP does not view higher costs for renewables as an ongoing risk for the utility sector.

1. Total return is based on the combination of reinvested dividend, capital gain and return of capital distributions, if any, at prices obtained by the Dividend Reinvestment Plan and changes in NAV per Common Share for NAV returns and changes in Common Share price for market value returns. Total returns do not reflect a sales load and are not annualized for periods of less than one year.

Page 4

Portfolio Commentary (Continued)

First Trust MLP and Energy Income Fund (FEI)

Annual Report

October 31, 2023 (Unaudited)

Most renewable projects are built by so-called renewable developers, not by the regulated utilities that are monopolies earning a regulated return on all investment. But it just so happens that a few utility parent companies also engage in renewable development as a separate business, and it is that connection that EIP believes scared investors in late September. Onshore wind and solar still account for 90% of planned capacity additions over the next five years and remain the low-cost source of power generation in the U.S.(2) EIP believes any cost pressures driven by supply chain issues and higher financing costs will be passed through in higher prices sufficient to allow developers to make a competitive return on invested capital.

As for the Fund's MLP Benchmark, it has continued to become more concentrated as companies representing over 19% of the MLP Benchmark were acquired and are no longer trading as separately traded MLPs (thus excluded from the MLP Benchmark). EIP has sought to consistently run a more conservative portfolio compared to the MLP Benchmark. This conservatism is reflected in holding a more diversified set of higher quality companies that themselves have more conservative balance sheets, lower dividend payout ratios, less exposure to commodity prices and more stable cash flows.

While the Fund's portfolio is dominated by companies that own natural and legal monopolies operating transport infrastructure in both the pipeline and power sectors, EIP selectively owns more diversified energy companies where EIP believes valuations indicate the cyclical, non-infrastructure portion of their assets are grossly mispriced. EIP believes integrated oil and gas companies ("IOCs") possess those characteristics today and so EIP initiated positions in some of these companies over the last two years. At the end of this period, IOCs represented about 6% of the Fund's portfolio.

Two important factors affecting the return of the Fund, relative to the MLP Benchmark, are the Fund's accrual for taxes and the use of financial leverage through a line of credit. The Fund uses leverage because its portfolio managers believe that, over time, leverage can enhance total return for common shareholders. However, the use of leverage can also increase the volatility of the NAV and, therefore, the share price. For example, if the prices of securities held by the Fund decline, the effect of changes in common share NAV and common share total return loss would be magnified by the use of leverage. Conversely, leverage may enhance common share returns during periods when the prices of securities held by the Fund generally are rising. Unlike the Fund, the MLP Benchmark is not leveraged, nor are its returns net of an accrual for taxes. Leverage had a positive impact on the performance of the Fund over the period. Derivatives also had a positive impact on the performance of the Fund over the reporting period. The accrual for taxes had a negative impact on the performance of the Fund over the reporting period.

The Fund has a practice of seeking to maintain a relatively stable monthly distribution, which may be changed at any time. The practice has no impact on the Fund's investment strategy and may reduce the Fund's NAV. However, the Advisor believes the practice helps maintain the Fund's competitiveness and may benefit the Fund's market price and premium/discount to the Fund's NAV. The monthly distribution rate began and ended the period at $0.05 per share. At the $0.05 per share monthly distribution rate, the annualized distribution rate at October 31, 2023 was 6.56% at NAV and 7.12% at market price. For the twelve months ended October 31, 2023, 21% of the distributions were characterized as ordinary income and 79% of the distributions were characterized as net realized gain. The final determination of the source and tax status of all 2023 distributions will be made after the end of 2023 and will be provided on Form 1099-DIV. The foregoing is not to be construed as tax advice. Please consult your tax advisor for further information regarding tax matters.

Market and Fund Outlook

The underperformance of the Fund relative to the broad market was not remarkable as most of the Index performance was driven by fewer than 10 stocks. The nine largest companies of the Index accounted for over 90% of the Index performance in this period. As of October 31, 2023, the Fund trades at a 34% discount relative to the Index that trades at a forward 12-month P/E of 17.6x versus 16.5x a year ago.(3) Our view is optimistic regarding the Fund's portfolio based on continued earnings growth among the energy infrastructure companies coupled with low valuations relative to the Index based on forward 12-month earnings expectations.

In EIP's opinion, the long-term outlook for electricity and natural gas infrastructure is positive. As low-cost renewables continue to grow, additional infrastructure is necessary to connect increasingly diverse sources of energy supply to consumers. Utilities are also now experiencing incremental electricity demand from the electrification of vehicles to power hungry data centers, while the negative impact of more efficient devices, especially LED lighting, abates as the replacement cycle matures. Additionally, the long-term trend away from coal-fired power generation seems likely to continue. Publicly owned utilities' five-year integrated resource plans and continued announcements of coal plant retirements support this view. In most cases, these retirements are being replaced with natural gas and/or renewables requiring new transport infrastructure. These necessary investments by utilities grow the investment base (known as "rate base") upon which they earn their allowed rates of return which in turn grow earnings.

1. Wolfe Research Power Supply Outlook: Implications for Power, Rail, Natural Gas, Turbines September 15, 2023.
2. Bloomberg.

Page 5

Portfolio Commentary (Continued)

First Trust MLP and Energy Income Fund (FEI)

Annual Report

October 31, 2023 (Unaudited)

EIP views the current level of capital discipline among conventional oil and gas producers as well as pipeline and midstream energy companies as a bullish development for investors. Global capital spending for upstream oil and gas has collapsed due to, in our opinion, previous over-investment, poor historical returns and ESG (environmental, social and corporate governance) pressures. Instead, cash flows are being redirected to share repurchase, debt reduction, special dividends and in some cases renewable investments. EIP views these trends as positive for investors, but EIP does not view the current amount of capital spending as being sufficient to offset natural production declines nor to grow capacity. Fossil fuels such as natural gas, oil, and coal still account for more than 82% of global primary energy use.(4) Global real gross domestic product ("GDP") has a strong historical relationship to global primary energy use. Over the last fifty-plus years there has never been a five-year period where average global GDP or average global primary energy use has declined.(5) In our opinion, the lack of conventional oil and gas supply growth and what appears to be inevitable demand growth over any reasonable investment horizon provides solid fundamentals for conventional energy investors.

EIP is also optimistic about the technological breakthroughs in energy and invest in companies like renewable developers and network utilities that, where renewable resources are abundant, benefit from the lower cost and higher performance of renewables, batteries, and other new grid-related innovations. But we are not a venture capitalist; companies in the Fund's portfolio must have a track record of profitability and a willingness to share some portion of that profitability through distributions. While the names in the portfolio change over time, the strategy and the sources of earnings stability and growth remain the same: investing in monopoly infrastructure that provides the low-cost way of shipping the lowest cost form of energy.

1. Energy Institute Statistical Review of World Energy, 2023.
2. World Bank, Energy Institute Statistical Review of World Energy - 2023, EIP Estimates. This information is based on assumptions made by EIP, changes to the assumptions will affect the information provided.

Page 6

First Trust MLP and Energy Income Fund (FEI)

Portfolio of Investments

October 31, 2023

Shares		Description		Value
COMMON STOCKS (a) (b) - 64.6%
		Electric Utilities - 11.2%
122,100		Alliant Energy Corp. (c)	$ 5,957,259
96,950		American Electric Power Co., Inc. (c)	7,323,603
99		Constellation Energy Corp	11,179
12,300		Duke Energy Corp	1,093,347
14,500		Emera, Inc. (CAD)	474,916
590,683		Enel S.p.A., ADR	3,709,489
12,500		Entergy Corp	1,194,875
54,700		Eversource Energy (c)	2,942,313
150,000		Exelon Corp	5,841,000
10,100		Fortis, Inc. (CAD)	401,014
14,500		Iberdrola S.A., ADR	643,945
24,900		IDACORP, Inc	2,358,279
47,350		NextEra Energy, Inc. (c)	2,760,505
15,700		Orsted A/S, ADR	252,456
176,980		PPL Corp. (c)	4,348,399
71,800		Southern (The) Co. (c)	4,832,140
39,500		Xcel Energy, Inc	2,341,165
				46,485,884

	Energy Equipment & Services - 1.0%
315,800	Archrock, Inc	4,001,186
	Gas Utilities - 6.9%
134,190	AltaGas Ltd. (CAD)	2,492,688
64,900	Atmos Energy Corp	6,987,134
244,600	National Fuel Gas Co	12,462,370
72,960	New Jersey Resources Corp	2,960,717
48,000	ONE Gas, Inc	2,899,200
32,839	UGI Corp	683,051
		28,485,160
	Independent Power & Renewable Electricity Producers - 1.2%
143,670	AES (The) Corp	2,140,683
127,403	Clearway Energy, Inc., Class A	2,595,199
17,900	EDP Renovaveis S.A. (EUR) (d)	287,956
		5,023,838
	Multi-Utilities - 9.1%
145,000	Atco Ltd., Class I (CAD)	3,717,144
18,089	CenterPoint Energy, Inc	486,232
39,690	CMS Energy Corp	2,156,755
53,000	DTE Energy Co	5,108,140
134,130	Public Service Enterprise Group, Inc	8,269,115
196,200	Sempra (c)	13,739,886
52,360	WEC Energy Group, Inc	4,261,580
		37,738,852
	Oil, Gas & Consumable Fuels - 34.4%
127,500	BP PLC, ADR (c)	4,663,950
21,820	Cheniere Energy, Inc. (c)	3,631,284
295,500	DT Midstream, Inc	15,948,135
331,873	Enbridge, Inc	10,633,211
125,000	Equitrans Midstream Corp	1,108,750
45,000	Exxon Mobil Corp	4,763,250
309,996	Keyera Corp. (CAD)	7,209,209
931,353	Kinder Morgan, Inc	15,087,919

See Notes to Financial Statements

Page 7

First Trust MLP and Energy Income Fund (FEI)

Portfolio of Investments (Continued)

October 31, 2023

Shares		Description		Value
COMMON STOCKS (a) (b) (Continued)
		Oil, Gas & Consumable Fuels (Continued)
368,370		ONEOK, Inc	$ 24,017,724
131,000		Shell PLC, ADR (c)	8,533,340
107,100		Targa Resources Corp	8,954,631
189,034		TC Energy Corp	6,512,221
155,300		TotalEnergies SE, ADR (c)	10,342,980
608,441		Williams (The) Cos., Inc. (c)		20,930,371
				142,336,975

		Professional Services - 0.6%
20,000		Jacobs Solutions, Inc. (c)	2,666,000
		Water Utilities - 0.2%
5,500		American Water Works Co., Inc		647,075
		Total Common Stocks
		(Cost $279,631,331)
Units		Description			Value
MASTER LIMITED PARTNERSHIPS (a) - 49.3%
		Chemicals - 2.8%
539,120		Westlake Chemical Partners, L.P	11,558,733
		Energy Equipment & Services - 0.5%
74,200		USA Compression Partners, L.P	1,862,420
		Gas Utilities - 0.9%
204,400		Suburban Propane Partners, L.P	3,595,396
		Independent Power & Renewable Electricity Producers - 1.4%
217,289		NextEra Energy Partners, L.P. (c) (e)	5,882,013
		Oil, Gas & Consumable Fuels - 43.7%
535,423		Cheniere Energy Partners, L.P	29,855,186
2,859,409		Energy Transfer, L.P	37,601,228
40,000		EnLink Midstream, LLC (e)	491,600
1,741,041		Enterprise Products Partners, L.P	45,336,708
490,502		Hess Midstream, L.P., Class A (e)	14,715,060
704,000		MPLX, L.P	25,372,160
1,551,620		Plains All American Pipeline, L.P	23,507,043
101,069		TXO Partners, L.P	1,973,878
85,000		Western Midstream Partners, L.P	2,280,550
				181,133,413
		Total Master Limited Partnerships
		(Cost $120,357,927)
Shares		Description			Value
MONEY MARKET FUNDS - 8.5%
35,279,520		Morgan Stanley Institutional Liquidity Funds - Treasury Portfolio - Institutional Class - 5.22% (f) . . .	35,279,520
		(Cost $35,279,520)
		Total Investments - 122.4%	506,696,465
		(Cost $435,268,778)

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See Notes to Financial Statements