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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 more than 175 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.   IMET continues to receive the  highest rating available (AAAf/S1) from Standard & Poor's Rating Service.    
More about IMET


May 2008 IMET Performance
Annualized
IMET 1-3 Year Fund
One Month
3 Months
One Year
3 Years
5 Years
Since Inception
Net of Fees
-0.34%
-0.60%
6.61%
4.47%
3.06%
4.80%
Gross of Fees
-0.32%
-0.53%
6.89%
4.75%
3.35%
5.13%

May 2008 IMET Convenience Fund Performance
IMET Convenience Fund - Past 12 Months
4.14%
Convenience Fund - Earnings Rate
2.01%

For daily NAV values, please call the Operations Desk
1-888-288-IMET (4638)
Convenience Fund Rate NAV
2.00%
as of Jul. 6, 2008
$17.490
as of Jul. 1st, 2008

NAV at Jun. 30th, 2008
was $17.496

Sunday, September 7th, 2008

IGFOA Annual Conference

IMET will be an exhibitor at the IGFOA Annual Conference in Champaign IL – September 7 – 9, 2008.

More IMET Events


Gary Szott (Trustee) is the Finance Director/Treasurer for the Village of Bloomingdale since May of 1991. Prior to this, Gary was the Assistant Finance Director for the City of Wheaton among other capacities for Wheaton since 1985. He is a CPA, a Certified Public Finance Officer and holds a Bachelors Degree in Accounting from Rockford College. 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 currently serves as Chair of the Intergovernmental Risk Management Agency (IRMA) and has served as Chair and committee member of its Finance and Administration Committee. He is a Past President of IGFOA and is currently leading the IGFOA's Career Development Revenue team in developing and providing educational seminars for its members.


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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:
  • Chicago Heights Park District
  • Sauk Village Firefighters Pension Plan
  • E-COM Dispatch Center
Audit Confirmation Request
Please send requests for audit confirmations to :

Ms. Paula Cooper
PMA Financial Network, Inc.
27545 Diehl Road, Suite 100
Warrenville, IL 60555
or
Fax requests to: 630-393-9595
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