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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 292 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


  August 2014 IMET Performance Annualized
IMET 1-3 Year Fund
One Month
3 Months
One Year
3 Years
5 Years
Since Inception
Net of Fees
0.11%
0.02%
0.56%
0.11%
0.73%
3.64%
Gross of Fees
0.13%
0.07%
0.79%
0.36%
0.99%
3.95%

August 2014 IMET Convenience Fund Performance
IMET Convenience Fund - Past 12 Months
0.35%
Convenience Fund - Avg. Daily Yield for Month
0.39%

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
0.39%
as of Sep. 17th, 2014
$19.101
as of Sep. 17th, 2014

NAV at Aug. 29th, 2014
was $19.114
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


Jerry Ducay (Chair) is the Village Administrator for the Village of Frankfort, Illinois.  Before joining the Village of Frankfort in 1999, Jerry was the Village Administrator for the Village of Crete where he served for five years.  Prior to Crete, Jerry served as the first-ever Village Administrator in the Village of Dolton, serving that community for four years.  Jerry has a Bachelor of Science Degree in Economics from Illinois State University, and a Masters of Business Administration (MBA) from Governors State University.  He has served as the Chairman for the Southwest Agency for Risk Management (SWARM, a municipal risk insurance pool) and was recently appointed to the Special Review Committee for the Illinois Government Finance Officers Association CAFR program. 


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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:
  • Palatine Park District
  • Will County Treasurer
  • Village of LaGrange Park
  • Acorn Public Library District
  • City of Lincoln
  • Bolingbrook Park District
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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