Welcome to IMET
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 Core Fund (fka the 1-3 Year 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. The IMET Core Fund performance is listed on IMET's home page.
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 bank deposits, FDIC inusred certificates of deposit and US government securities. The current Convenience Fund rate is listed on IMET's home page.
IMET Annual Comprehensive Financial Report
Click here to download IMET's Annual Comprehensive Financial Report.
Recent News
Click on the link below to read the latest IMET Monthly Newsletter:
IMET July 2026 - Monthly Newsletter
Read moreBased on GFOA best practices, this article explains how public agencies can evaluate investment portfolio performance and use a scorecard to track safety, liquidity, return, and overall policy objectives.
Reporting on the Performance of Public Investment Portfolios
Read moreIMET celebrates Executive Director Sofia Anastopoulos and the steady leadership, professionalism, and dedication she has provided throughout her 10 years of service to IMET.
Celebrating 10 Years of Leadership: Sofia Anastopoulos Marks a Decade with IMET
Read moreLearn how the Village of Woodridge and Finance Director John Harrington use IMET to support reserves, liquidity, and investment diversification.
IMET PARTICIPANT SPOTLIGHT HIGHLIGHTS: Village of Woodridge
Read more