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 more than 253 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 |
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April 2012 IMET Performance |
Annualized |
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IMET 1-3 Year Fund |
One Month |
3 Months |
One Year |
3 Years |
5 Years |
Since Inception |
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Net of Fees |
0.13% |
0.02% |
0.27% |
1.24% |
3.00% |
4.14% |
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Gross of Fees |
0.15% |
0.09% |
0.56% |
1.52% |
3.28% |
4.47% |
| April 2012 IMET Convenience Fund Performance |
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IMET Convenience Fund - Past 12 Months |
0.29% |
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Convenience Fund - Earnings Rate |
0.27%
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For prior 1-3 Year Fund daily NAV values and Convenience
Fund rates, please call the Operations Desk 1-888-288-IMET (4638)
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| Current Convenience Fund Rate * |
1-3 Year Fund NAV |
as of May. 16th, 2012 |
as of May. 16th, 2012
NAV at Apr. 30th, 2012
was $18.988 |
| Current Fed Funds Rate |
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* The Convenience Fund rate provides a minimum rate of Fed Funds, plus an enhancement that may fluctuate daily
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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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