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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 274 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.    
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Announcements

PLEASE NOTE: THE FUND WILL BE CLOSED FEBRUARY 15TH IN OBSERVANCE OF THE PRESIDENTS' DAY HOLIDAY. 


  January 2016 IMET Performance Annualized
IMET 1-3 Year Fund
One Month
3 Months
One Year
3 Years
5 Years
Since Inception
Net of Fees
0.45%
0.15%
0.34%
0.43%
0.38%
3.41%
Gross of Fees
0.48%
0.22%
0.62%
0.68%
0.64%
3.72%

January 2016 IMET Convenience Fund Performance
IMET Convenience Fund - Past 12 Months
0.27%
Convenience Fund - Avg. Daily Yield for Month
0.48%

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
0.49%
as of Feb. 10th, 2016
$19.285
as of Feb. 10th, 2016

NAV at Jan. 31st, 2016
was $19.260
Current Fed Funds Rate
0.25% - 0.50%


John (Secretary) joined the Village of Minooka as the Finance Director in January 2007 and brings over twenty years of accounting experience.  Prior to joining the Village, he was the Controller of the Housing Authority of the County of Cook and an audit manager for the accounting firm BDO Seidman, LLP in Chicago. He received a B.S. degree in Accounting from North Central College in Naperville and is a CPA.

John currently serves as the Past-President of the South Metro Chapter of the IGFOA and Division Chair for the Greater Channahon Minooka Chamber of Commerce.


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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. - 6:00 p.m. (CST) bus. days.
Telephone: (888) 288-IMET (4638) 
 
Audit Confirmation Request
Please send requests for audit confirmations to:

Illinois Metropolitan Investment Fund
1220 Oak Brook rd.
Oak Brook, IL 60523
630-571-0480, ext. 229
or
Fax requests to: 630-571-0484
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