About Us
The Illinois Metropolitan Investment Fund (IMET) is a local government investment pool. IMET offers two investment funds for finance officers, treasurers, and other official custodians of municipal funds, and other public agency monies in the State of Illinois. These funds are the IMET Core Fund and the IMET Convenience Fund. IMET also offers a bond and lease DashBoard, arbitrage rebate calculation services for participants whose bond proceeds are subject to federal arbitrage restrictions and cash flow projection modeling.
Welcome
Created in 1996, under the Intergovernmental Cooperation Act and the Illinois Municipal Code, IMET was formed to provide Illinois government agencies with safe, liquid, attractive alternatives for investing. IMET offers participants two separate vehicles to meet their investment needs.
The IMET Core Fund is designed for public funds that may be invested for longer than one year. The Core Fund carries Moody's rating Aaf/bf for such funds.
The IMET Convenience Fund (CVF) is designed to accommodate funds requiring high liquidity, including short term cash management programs and temporary investment of bond proceeds. It is comprised of collateralized and FHLB LoC backed bank deposits, FDIC insured certificates of deposit and US government securities.
IMET Annual Comprehensive Financial Reports
View our most recent Comprehensive Annual Financial Reports below or view a full list here.
- IMET 2024 Annual Financial Report
- IMET 2023 Annual Comprehensive Financial Report
- IMET 2022 Annual Comprehensive Financial Report
- IMET 2021 Annual Comprehensive Financial Report
- IMET 2020 Annual Comprehensive Financial Report
- IMET 2019 Annual Comprehensive Financial Report
- IMET 2018 Annual Comprehensive Financial Report
- IMET 2017 Annual Comprehensive Financial Report
- IMET 2016 Annual Comprehensive Financial Report
- IMET 2015 Annual Comprehensive Financial Report
Recent News
The IMET Board of Trustees is soliciting interest from eligible IMET participants who would like to serve as a trustee of the IMET Board. One board position is now open as of August 11th, 2025. For more information click on the link below:
Get involved with IMET! Serve on the IMET Board of Trustees!
Read moreThis article discusses the Federal Reserve’s current rate stance and how the IMET Core Fund offers Illinois public agencies a safe, liquid, and flexible investment option amid uncertainty heading into fall.
Summer Projections Heading Into Fall
Read moreClick on the link below to read the latest IMET Monthly Newsletter:
IMET July 2025 Monthly Newsletter
Read moreClick on the link below to read the latest IMET Monthly Newsletter:
IMET June 2025 Monthly Newsletter
Read more