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 1-3 Year Series and the IMET Convenience Series. IMET also offers arbitrage rebate calculation services for participants whose bond proceeds are subject to federal arbitrage restrictions and cash flow projection modeling.

Our Story

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 1-3 Year Series is designed for public funds that may be invested for longer than one year. The 1-3 Year Funds carries the highest rating available (AAAf/bf) from Moody's for such funds.

The IMET Convenience Series (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 Comprehensive Annual Financial Reports

View Our Most recent Comprehensive Annual Financial Reports below, or view a full list here.

Recent News

IMET March 2021 Monthly Newsletter
March 12, 2021

IMET March 2021 Monthly Newsletter

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GFOA Policy re: Proper Referencing of the Comprehensive Annual Financial Report
March 09, 2021

Effective immediately, the Government Finance Officers Association (GFOA) is asking all industry affiliates to immediately stop using the common four-letter acronym most often associated with the Comprehensive Annual Financial Report. Instead, GFOA recommends referring to the report by either the full name or by using a shortened format that does not include the four-letter acronym. For instance, the “Annual Report” would be acceptable.

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The IMET 2020 Comprehensive Annual Financial Report is now available
February 26, 2021

The IMET 2020 Annual Report is now available

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IMET February 2021 Monthly Newsletter
February 11, 2021

IMET February 2021 Monthly Newsletter

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