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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 291 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. 25th, 2014
$19.097
as of Jul. 25th, 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


Kevin Barr (Trustee) is the Village Manager for the Village of Schiller Park, and has held this position since 2000. Prior to Schiller Park, he served for seven years as the Assistant Village Manager for the Village of Bensenville and served six years with the Village of Northbrook. Kevin has significant familiarity with intergovernmental agencies, including serving on the executive boards of the Intergovernmental Risk Management Agency (IRMA) and the West Cook County Solid Waste Agency. Kevin holds a Bachelor Degree in History and Political Science and a Master's Degree in public Administration from the University of Illinois at Champaign/Urbana.


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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 La Grange Park
  • Acorn Public Library District
  • City of Lincoln
  • Bolingbrook Park District
  • Mill Creek Water Reclamation Dist
  • College of DuPage
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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