Funds and Performance

Created more than 20 years ago, 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.

IMET Core Fund

Net Total Return*

1 Month 3 Month 1 Year Since Inception**
1.24% 3.04% -2.21% 2.67%
As of February 03, 2023

Net Asset Value

$20.145
As of February 03, 2023
  • Carries the highest rating by Moody's, Aaa/bf
  • *Annualized
  • **Inception July 17, 1996

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Convenience Fund (CVF)

Yield

1 Day
4.05%
7 Day
3.91%
30 Day
3.87%
As of February 03, 2023

FED Funds Rate

4.50% - 4.75%
As of February 04, 2023
  • Designed to accommodate funds requiring high liquidity, including short term cash management programs and temporary investment of bond proceeds
  • Enhanced diversification with no minimum investment

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Recent News

IMET JANUARY 2022 Monthly Newsletter
January 13, 2023

In this month's monthly newsletter, you will learn about IMET's Annual Participant Meeting coming this March, read about IMET Funds Performance, see all the upcoming events IMET will be participating in for the beginning of the new year, review the latest economic update, learn about some of IMET's additional services, and view the performance report for December 2022. 

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IMET DECEMBER 2022 Monthly Newsletter
December 12, 2022

In this month's monthly newsletter, you will see IMET's Holiday Schedule, learn about IMET's Annual Participant Meeting coming March 2023, read about IMET Funds Performance, see all the upcoming events IMET will be participating in the remainder of the year, review the latest economic update, learn about some of IMET's additional services, and view the performance report for November 2022. 

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IMET NOVEMBER 2022 Monthly Newsletter
November 10, 2022

In this month's monthly newsletter, you will learn about IMET's Annual Participant Meeting coming March 2023, read about IMET Funds Performance, see all the upcoming events IMET will be participating in the remainder of the year, review the latest economic update, learn about some of IMET's additional services, and view the performance report for October 2022. 

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IMET OCTOBER 2022 Monthly Newsletter
October 17, 2022

In this month's monthly newsletter, you will be able to read about IMET Funds Performance, see all the upcoming events IMET will be participating in this fall, review the latest economic update, and view the performance report for September 2022. 

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