First Trust New Opportunities MLP & Energy Fund (FPL)
Company Profile
| N-2 | 6 Months Ended |
| Apr. 30, 2024 $ / shares shares | |
| Cover [Abstract] | |
| Entity Central Index Key | 0001589420 |
| Amendment Flag | false |
| Entity Inv Company Type | N-2 |
| Document Type | N-CSRS |
| Entity Registrant Name | First Trust New Opportunities MLP & Energy 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 that are weighted towards non-cyclical, fee-for-service revenues. Under normal market conditions, the Fund invests at least 85% of its managed assets in equity and debt securities of MLPs, MLP-related entities and other energy sector and energy utilities 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 | $ 7.66 |
| NAV Per Share | $ 7.77 |
| Latest Premium (Discount) to NAV [Percent] | (1.42%) |
| 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 | 23,447,660 |
| Document Period End Date | Apr. 30, 2024 |