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

Announcing IMET’s Arbitrage Rebate Calculation Services provided by Arbitrage Rebate Counselors, LLC
October 01, 2025

IMET is very pleased to announce that it now offers Arbitrage Rebate Calculation Services (ARCS) through an agreement with Arbitrage Rebate Counselors, LLC. Read more here:

Announcing IMET’s Arbitrage Rebate Calculation Services provided by Arbitrage Rebate Counselors, LLC

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Get involved with IMET! Serve on the IMET Board of Trustees!
September 30, 2025

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 2025. For more information click on the link below:

Serve on the IMET Board of Trustees  

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IMET Participant Spotlight: City of Champaign
September 24, 2025

In this edition of the IMET Participant Spotlight, we feature the City of Champaign, where Finance Director Kay Nees shares how IMET supports the City’s financial operations and investment goals. 

IMET Participant Spotlight: City of Champaign

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IMET SEPTEMBER 2025 Monthly Newsletter
September 22, 2025

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

IMET September 2025 - Monthly Newsletter

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