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The Illinois Metropolitan Investment Fund (IMET) was developed in July 1996 as a cooperative endeavor to assist Illinois municipalities with the investment of their intermediate-term dollars. IMET was established as a not-for-profit investment fund under the Illinois Municipal Code. Currently serving 290 municipalities and public entities, IMET offers two separate investment vehicles, the 1-3 Year Fund and the Convenience Fund, to meet the investment needs of public entities.   The IMET 1-3 Year Fund continues to provide the  highest U.S.Government Securities' rating.    
More about IMET


  June 2014 IMET Performance Annualized
IMET 1-3 Year Fund
One Month
3 Months
One Year
3 Years
5 Years
Since Inception
Net of Fees
-0.04%
0.24%
0.56%
0.22%
0.82%
3.67%
Gross of Fees
-0.02%
0.29%
0.79%
0.47%
1.09%
3.98%

June 2014 IMET Convenience Fund Performance
IMET Convenience Fund - Past 12 Months
0.35%
Convenience Fund - Avg. Daily Yield for Month
0.36%

For prior 1-3 Year Fund daily NAV values and Convenience
Fund rates, please call the Operations Desk
1-888-288-IMET (4638)
Current Convenience Fund Rate * 1-3 Year Fund NAV
0.37%
as of Jul. 23rd, 2014
$19.101
as of Jul. 23rd, 2014

NAV at Jun. 30th, 2014
was $19.104
Current Fed Funds Rate
0.00% - 0.25%

* The Convenience Fund rate provides a minimum rate of Fed Funds, plus an enhancement that may fluctuate daily


 

 

"The staff at IMET are always very pleasant, which makes dealing with them a joy.  Also, the process for wiring money out of IMET to a local branch is one of the easiest processes of any institution I've worked with."

Brad Wilson, Finance Director, City of Wood Dale


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For easy access to wire instructions for purchases, redemptions or transfers
please call the operations/help desk at 1-888-288-IMET(4638)
IMET Operations Desk
8:00 a.m. - 4:30 p.m. (CST) bus. days.
Telephone: (888) 288-IMET (4638) 
 
New Members
The IMET Board and staff are very pleased to welcome the following new participants:
  • Acorn Public Library District
  • City of Lincoln
  • Bolingbrook Park District
  • Mill Creek Water Reclamation Dist
  • College of DuPage
  • City of Tuscola
Audit Confirmation Request
Please send requests for audit confirmations to:

Ms. Paula Cooper
PMA Financial Network, Inc.
2135 CityGate Lane
7th Floor
Naperville, IL 60563
630-657-6450
or
Fax requests to: 630-718-8701
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