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 the highest rating available (AAAf/bf) from Moody's 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 September 2023 Monthly Newsletter
September 13, 2023

In this month's newsletter, read about upcoming conferences and events IMET will be attending, read our economic update, and view the August 2023 fund performance.

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IMET August 2023 Monthly Newsletter
August 11, 2023

In this month's newsletter, read about upcoming conferences and events IMET will be attending, find links to our most recent articles, read our economic update, and view the July 2023 fund performance.

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2023 Brings More Money Market Fund Reforms
August 07, 2023

More changes to MMFs

To learn more about the Fitch downgrades follow the link below.

More Changes to MMFs

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Fitch Downgrades Top-Tier US rating.
August 04, 2023

Why and what does it mean? 

To learn more about the Fitch downgrades follow the link below.

Fitch Cuts Top-Tier US Rating

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