TXNM Energy, Inc.

Frequently Asked Questions About TXNM

What does TXNM invest in?

TXNM Energy, Inc., through its various subsidiaries, supplies electricity and related services across the United States. Its operations are organized into two main divisions: Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP). The PNM segment is responsible for producing, transmitting, and distributing electrical energy. This division either owns or leases essential assets, including communication systems, office and other equipment, office spaces, vehicles, and real estate. PNM generates electricity from a diverse portfolio of sources such as coal, natural gas, oil, nuclear fuel and waste, alongside renewables like solar, wind, geothermal, and battery storage. In contrast, the TNMP segment focuses on providing regulated transmission and distribution infrastructure. It also maintains a fleet of vehicles, service facilities, and office locations, which are either owned or leased throughout its service area. The company delivers power to residential, commercial, and industrial consumers, as well as other electricity end-users in New Mexico and Texas. Originally established in 1882 and headquartered in Albuquerque, New Mexico, the company adopted its current name, TXNM Energy, Inc., in August 2024, having previously operated as PNM Resources, Inc.

What is the expense ratio of TXNM?

An expense ratio for TXNM Energy, Inc. (TXNM) is not available from our data sources — neither our market-data feed nor the SEC's structured prospectus and annual-report datasets report one for this share class. The fund's prospectus on the issuer's site carries the authoritative fee.

How big is TXNM?

TXNM Energy, Inc. (TXNM) manages $6.45B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is TXNM actively managed or an index fund?

TXNM's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was TXNM launched?

TXNM Energy, Inc. (TXNM) launched in February 1973 and is managed by the fund issuer.

How has TXNM performed?

TXNM's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.