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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 293 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

Announcements

IMET's Convenience Fund Investment Disclosure is available under the "Latest News and Articles" links located near the bottom of IMET's homepage.


  September 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%
0.02%
0.37%
0.13%
0.68%
3.62%
Gross of Fees
-0.02%
0.07%
0.60%
0.38%
0.95%
3.93%

September 2014 IMET Convenience Fund Performance
IMET Convenience Fund - Past 12 Months
0.36%
Convenience Fund - Avg. Daily Yield for Month
0.40%

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
0.41%
as of Oct. 20th, 2014
$19.170
as of Oct. 20th, 2014

NAV at Sep. 30th, 2014
was $19.107
Current Fed Funds Rate
0.00% - 0.25%


Gary Szott (Treasurer) is the Finance Director/Treasurer for the Village of Bloomingdale having held this position since May of 1991. Prior to this, he had attained the Assistant Finance Director position for the City of Wheaton after working in various other capacities for Wheaton since 1985. He is a Certified Public Accountant, a Certified Public Finance Officer and holds a Bachelors Degree in Accounting from Rockford College, Rockford, IL. He is a member of the American Institute of Certified Public Accountants (AICPA), the Illinois Society of Certified Public Accountants (ICPAS), the Government Finance Officers Association of United States and Canada (GFOA) and the Illinois Government Finance Officers Association (IGFOA). He has served as Chair of the Intergovernmental Risk Management Agency (IRMA) and has served as Chair and committee member of IRMA's Finance and Administration Committee. He is a Past President of IGFOA and has served IGFOA in a number of various other capacities including leading the IGFOA's Career Development Revenue team in developing and providing educational seminars for its members. Mr. Szott has been a speaker and made presentations at IGFOA, Illinois Municipal League and Du Page Mayors and Managers Conference seminars and conferences.


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