Committed to being your trusted investment steward, earning your trust and deserving your confidence.

IMET was created over 20 years ago by and for finance officers and administrators of public funds to enhance investment opportunities.

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Why Invest in IMET?

By pooling funds from many government agencies, IMET enjoys advantages that can lead to higher risk-adjusted returns.

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We offer two separate funds to meet your investment needs.

IMET 1-3 Year Fund

Net Asset Value

$20.822
As of May 29, 2020
$20.798
As of April 30, 2020
Recent Performance
  1 Month 3 Month 1 Year
NET 0.26% 2.25% 5.05%
GROSS 0.38% 2.32% 5.34%
  • Average portfolio maturity of 1-to-3 years with no 'early' withdrawal fees
  • Carries the highest rating by Moody's, Aaa/bf

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Convenience Fund (CVF)

CVF Fund Rate

0.00%
As of May 29, 2020

FED Funds Rate

0.00% - 0.25%
As of May 30, 2020

Recent Performance

.43%
Avg. Daily Yield of Month
1.74%
Past 12 Months
  • Designed to accommodate funds requiring high liquidity, including short term cash management programs and temporary investment of bond proceeds
  • Enhanced diversification with no minimum investment

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Recent News

GFOA Launches Economic Indicator Dashboard
May 28, 2020

GFOA Launches Economic Indicator Dashboard

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Laurence Msall Column in Crain's Chicago Business, "No state or local government can weather this crisis on its own"
May 27, 2020

Laurence Msall wrote a column for Crain's Chicago Business, May 8, 2020, asserting that no state or local government can weather this crisis on its own. His argument is that to exclude Illinois, Chicago or other major governments from future rounds of federal relief because of past bad fiscal decisionmaking are misguided and threaten full national economic recovery.

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Updated GFOA Best Practice: Using Safekeeping and Third-Party Custodian Services
April 30, 2020

The safety of public funds should be the primary investment objective of all governments.  One of the most important protections and a control against fraud is the separation of the safekeeping function from the investment function.

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Federal Reserve Press Release
April 29, 2020

The Federal Reserve left rates unchanged at its April policy meeting, while its statement addressed the dramatic deterioration of the economic outlook since their last meeting in March and made clear they are “committed to using its full range of tools to support the U.S. economy in this challenging time.” The committee kept the interest rate paid on required and excess reserves unchanged at 0.10%.

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