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.

Recent News

IMET NOVEMBER 2025 Monthly Newsletter
November 17, 2025

Click on the link below to read the latest IMET Monthly Newsletter:

IMET November 2025 - Monthly Newsletter

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Market Overview and IMET Performance (Fall 2025)
November 10, 2025

The Fall 2025 Market Overview highlights steady economic growth, moderate inflation, and the Federal Reserve’s gradual shift toward rate cuts following the September adjustment. IMET Performance reflects how these market conditions influenced the Core and Convenience Series during the period.

Market Overview and IMET Performance - Fall 2025

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Fed Eases Rates Again — What It Means for Public Investors
October 30, 2025

This article explains the Federal Reserve’s October 29, 2025, 0.25% rate cut to a 3.75%–4.00% target range—the second cut of the year—signaling a gradual easing path amid policy uncertainty, with balance sheet runoff ending December 1 to support liquidity.

Fed Eases Rates Again — What It Means for Public Funds Investors

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IMET Participant Spotlight: Johnson County
October 28, 2025

In this edition of the IMET Participant Spotlight, we feature Johnson County Treasurer Mitch McClellan, who shares how IMET has helped diversify the County’s investment portfolio and strengthen its financial foundation.

IMET PARTICIPANT SPOTLIGHT HIGHLIGHTS: JOHNSON COUNTY

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