First Trust MLP and Energy Income Fund : Holdings as of 1/31/2022

Portfolio of Investments

Shares/

Units Description

COMMON STOCKS (a) - 65.3%

Value
20,500	Quanta Services, Inc .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $	2,105,760
Electric Utilities - 14.8%
78,100	Alliant Energy Corp . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	4,675,066
81,150	American Electric Power Co., Inc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	7,335,960
26,800	Duke Energy Corp . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	2,815,608
9,500	Emera, Inc. (CAD) ....................................................................................	450,132
590,683	EnelS.p.A.,ADR .....................................................................................	4,506,911
12,700	Eversource Energy . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	1,136,523
150,000	Exelon Corp. (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	8,692,500
10,100	Fortis, Inc. (CAD) ....................................................................................	479,753
14,500	Iberdrola S.A., ADR ..................................................................................	664,680
32,400	IDACORP, Inc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	3,571,128
32,150	NextEraEnergy,Inc.(b) ..............................................................................	2,511,558
10,700	Orsted A/S, ADR . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	378,031
260,880	PPL Corp. (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	7,742,919
146,400	Southern (The) Co. (b) ................................................................................	10,173,336
34,500	Xcel Energy, Inc .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	2,403,270
57,537,375
Gas Utilities - 8.0%
462,190	AltaGas Ltd. (CAD) ..................................................................................	9,493,593
42,900	Atmos Energy Corp . ..................................................................................	4,599,738
20,000	National Fuel Gas Co . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	1,214,600
122,960	New Jersey Resources Corp . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	4,944,222
45,500	ONE Gas, Inc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	3,543,995
36,000	Southwest Gas Holdings, Inc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	2,454,480
105,880	UGI Corp . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	4,801,658
31,052,286
Independent Power & Renewable Electricity Producers - 1.0%
43,670	AES (The) Corp .......................................................................................	968,601
77,403	Clearway Energy, Inc., Class A .......................................................................	2,387,882
17,900	EDP Renovaveis S.A. (EUR) (c) ......................................................................	376,284
3,732,767
Multi-Utilities - 9.1%
145,000	Atco Ltd., Class I (CAD) .............................................................................	4,884,475
25,650	Black Hills Corp . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	1,737,531
60,089	CenterPoint Energy, Inc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	1,704,124
37,790	CMS Energy Corp .....................................................................................	2,432,920
28,980	Dominion Energy, Inc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	2,337,527
41,000	DTE Energy Co . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	4,937,630
139,630	Public Service Enterprise Group, Inc. (b) .............................................................	9,289,584
51,690	Sempra Energy (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	7,141,490
7,360	WEC Energy Group, Inc . .............................................................................	714,214
35,179,495
Oil, Gas & Consumable Fuels - 31.6%
21,820	Cheniere Energy, Inc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	2,441,658
306,000	DT Midstream, Inc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	15,820,200
319,873	Enbridge, Inc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	13,521,032
305,695	Equitrans Midstream Corp .............................................................................	2,479,186
309,996	Keyera Corp. (CAD) ..................................................................................	7,294,167
712,353	Kinder Morgan, Inc. (b) ...............................................................................	12,366,448

Construction & Engineering - 0.5%

Shares/

Units

Description

Value

COMMON STOCKS (a) (Continued)

Oil, Gas & Consumable Fuels (Continued)

240,397 ONEOK, Inc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 14,587,290

78,000 Shell PLC, ADR . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 510,034 TC Energy Corp ....................................................................................... 805,642 Williams (The) Cos., Inc. (b) ..........................................................................

4,009,200 26,343,256 24,120,922 122,983,359

Semiconductors & Semiconductor Equipment - 0.1%

2,500 Enphase Energy, Inc. (d) .............................................................................. 351,175

Water Utilities - 0.2%

5,500 American Water Works Co., Inc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 884,400

Total Common Stocks ............................................................................... (Cost $237,081,429)

253,826,617

MASTER LIMITED PARTNERSHIPS (a) - 58.2%

Chemicals - 3.2%

469,120 Westlake Chemical Partners, L.P . ..................................................................... 12,520,813

Gas Utilities - 0.8%

• 204,400 Suburban Propane Partners, L.P . ......................................................................

  Independent Power & Renewable Electricity Producers - 2.1%

• 108,689 NextEra Energy Partners, L.P. (e) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

  3,031,252 8,175,586

  Oil, Gas & Consumable Fuels - 52.1%

• 605,423 Cheniere Energy Partners, L.P ......................................................................... 29,811,029

2,809,409

Energy Transfer, L.P ...................................................................................

26,886,044

1,779,041 Enterprise Products Partners, L.P . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 42,056,529

• 572,310 Hess Midstream, L.P., Class A (e) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16,803,022

• 392,887 Holly Energy Partners, L.P . ...........................................................................

  7,350,916

• 777,735 Magellan Midstream Partners, L.P ..................................................................... 38,007,909

450,000 MPLX, L.P ............................................................................................ 14,769,000 1,694,720 PlainsAllAmericanPipeline,L.P.(b) ................................................................. 18,252,134

692,332 Shell Midstream Partners, L.P . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

8,806,463 202,743,046

Total Master Limited Partnerships .................................................................. 226,470,697 (Cost $169,352,969)

Total Investments - 123.5% ........................................................................ 480,297,314 (Cost $406,434,398)

Number of ContractsDescriptionNotional AmountExerciseExpiration

Price

Date

ValueCALL OPTIONS WRITTEN - (0.7)%

(1,500)ExelonCorp ......................................... $

(8,692,500) $

60.00

02/18/22 (75,000)

(4,000)KinderMorgan,Inc ..................................

(6,944,000)

17.00

03/18/22 (332,000)

(209) NextEra Energy, Inc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(1,632,708)

92.50

02/18/22 (1,045)

(2,728) Plains All American Pipeline, L.P . . . . . . . . . . . . . . . . . . . .

(2,938,056)

10.00

02/18/22 (259,160)

(2,608) PPL Corp . ...........................................

(7,740,544)

31.00

02/18/22 (13,040)

(1,396) Public Service Enterprise Group, Inc .. . . . . . . . . . . . . . . .

(9,287,588)

70.00

03/18/22 (69,800)

(366) Sempra Energy . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(5,056,656)

140.00

02/18/22 (51,240)

(1,464)Southern(The)Co ...................................

(10,173,336)

70.00

02/18/22 (139,080)

Number of

ContractsCALL OPTIONS WRITTEN (Continued)

(8,056)Williams(The)Cos.,Inc ............................. $ (24,119,664)$

Value
(1,691,760)
Total Call Options Written ..........................................................................	(2,632,125)
(Premiums received $1,022,669)
Outstanding Loans - (25.7)% .......................................................................	(100,000,000)
Net Other Assets and Liabilities - 2.9% ............................................................	11,139,797

Notional Amount

ExerciseExpirationDescription

Price

Date

28.00

02/18/22 $

Net Assets - 100.0% . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 388,804,986

Interest Rate Swap Agreements:

Unrealized AppreciationCounterparty

Rate Receivable Expiration DateNotional Amount

(Depreciation)/Rate Payable

Value

Bank of Nova Scotia (1)

Bank of Nova Scotia (1)

N/A (4) (5)

N/A (4) (5)

0.107% (2) 0.107% (2) 0.080% (6) 0.080% (6)

• 09/03/24 $47,000,000

2.367% (3)

• $ (1,323,761)

  10/08/23 10/21/22 10/21/25

  10,250,000 2.734% (3)

  (296,777)

  3,506,783 0.052% (7) 979

  411,980

  0.060% (8) 152

  $61,168,763 $ (1,619,407)

  • (1) Payment frequency is monthly

  • (2) 1 month LIBOR

  • (3) Fixed Rate

  • (4) Centrally cleared on the Chicago Mercantile Exchange

  • (5) No cash payments are made by either party prior to the expiration dates shown above

  • (6) Federal Funds Rate

  • (7) SOFR + 0.00183%

  • (8) SOFR + 0.01036%

  (a) All of these securities are available to serve as collateral for the outstanding loans.

  • (b) All or a portion of this security's position represents cover for outstanding options written.

  • (c) This security is fair valued by the Advisor's Pricing Committee in accordance with procedures adopted by the Fund's Board of Trustees, and in accordance with the provisions of the Investment Company Act of 1940, as amended. At January 31, 2022, the security noted as such is valued at $376,284 or 0.1% of net assets. The security is fair valued using a factor provided by a third-party pricing service due to the change in value between the foreign markets' close and the New York Stock Exchange close exceeding a certain threshold. On days when this threshold is not exceeded, the security is typically valued at the last sale price on the exchange on which it is principally traded.

  • (d) Non-income producing security.

  • (e) This security is taxed as a "C" corporation for federal income tax purposes.

  ADR	American Depositary Receipt
  CAD	Canadian Dollar
  EUR	Euro
  LIBOR	London Interbank Offered Rate
  SOFR	Secured Overnight Financing Rate

  Valuation Inputs

  The Fund is subject to fair value accounting standards that define fair value, establish the framework for measuring fair value and provide a three-level hierarchy for fair valuation based upon the inputs to the valuation as of the measurement date. The three levels of the fair value hierarchy are as follows:

  • • Level 1 - Level 1 inputs are quoted prices in active markets for identical investments.

  • • Level 2 - Level 2 inputs are observable inputs, either directly or indirectly. (Quoted prices for similar investments, valuations based on interest rates and yield curves, or valuations derived from observable market data.)

• • Level 3 - Level 3 inputs are unobservable inputs that may reflect the reporting entity's own assumptions about the assumptions that market participants would use in pricing the investment.

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in those investments.

A summary of the inputs used to value the Fund's investments as of January 31, 2022 is as follows:

Common Stocks:

Independent Power & Renewable Electricity Producers . . Otherindustrycategories* ...............................

MasterLimitedPartnerships* .............................

TotalInvestments ......................................... InterestRateSwapAgreements ...........................

Total ......................................................

ASSETS TABLE

Total Value at 1/31/2022

$ 3,732,767

250,093,850

226,470,697

480,297,314

1,131

$ 480,298,445

LIABILITIES TABLETotal Value at 1/31/2022

Level 1 Quoted Prices

$ 3,356,483

250,093,850

226,470,697

479,921,030 -

$ 479,921,030

Level 2 Level 3

Significant Observable

InputsSignificant Unobservable

Inputs

$

376,284 - - 376,284 1,131

$- - - - -

$

377,415

$-

Level 1 Quoted Prices

Level 2 Significant Observable

InputsLevel 3 Significant Unobservable

Inputs

CallOptionsWritten ...................................... InterestRateSwapAgreements ...........................

Total ......................................................

* See Portfolio of Investments for industry breakout.

$

• (2,632,125) $ (2,632,125)

(1,620,538)

-

$

- (1,620,538)

$- -

$

(4,252,663)

$ (2,632,125)

$ (1,620,538)

$-