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 1-3 Year Fund

Net Asset Value

$20.713
As of March 26, 2020
$20.515
As of February 29, 2020
Recent Performance
  1 Month 3 Month 1 Year
NET 0.86%% 1.58%% 4.40%%
GROSS 0.88%% 1.65%% 4.%
  • Average portfolio maturity of 1-to-3 years with no 'early' withdrawal fees
  • Carries the highest rating by Moody's, Aaa/bf

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Convenience Fund (CVF)

CVF Fund Rate

0.39%
As of March 26, 2020

FED Funds Rate

0.00% - 0.25%
As of March 29, 2020

Recent Performance

N/A
Avg. Daily Yield of Month
N/A
Past 12 Months
  • 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

GFOA Summarizes Provisions of Senate Stimulus Helpful to Local Governments
March 26, 2020

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March 2020 IMET Monthly Newsletter
March 26, 2020

March 2020 IMET Monthly Newsletter

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COVID-19 Update from IMET
March 23, 2020

COVID 19 Update from IMET

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IMET Board Decides to Host IMET Annual Meeting Via Telephone Conference Call
March 13, 2020

The IMET Board of Trustees has decided to hold this year's annual meeting by telephone conference call.

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