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 1-3 Year Funds 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

IMET May 2023 Monthly Newsletter
May 10, 2023

In this month's newsletter, you can see the conferences and events IMET will be participating in over the next few months, learn about DebtBook and how you can take part in their webinar discussing their services on May 17th, read about additional services IMET offers participants, review the latest economic update, and view the performance report for April 2023.

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IMET April 2023 Monthly Newsletter
April 11, 2023

In this month's newsletter, you can see the overview on the IMET Annual Participant Meeting that took place on March 21st at the NIU Conference Center in Naperville, read about the additional services IMET offers participants, review the latest economic update, and view the performance report for March 2023

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IMET MARCH 2023 Monthly Newsletter
March 09, 2023

In this month's newsletter, you will get a reminder to register for the IMET Annual Participant Meeting happening March 21st at the NIU Conference Center in Naperville, read Sofia's perspective on inflation in Sofia's Spot, and get an economic update and a performance overview for February for IMET funds.

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IMET FEBRUARY 2023 Monthly Newsletter
February 09, 2023

In this month's monthly newsletter, you will learn about and be able to register for the IMET Annual Participant Meeting happening March 21st in Naperville, learn about the Arbitrage Rebate Calculation webinar presented by Ice Miller on February 22nd at 10am CST, read about IMET Funds Performance, see all the upcoming events IMET will be participating in the coming months, review the latest economic update, and view the performance report for January 2023. 

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