Funds and Performance
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.
IMET Convenience Fund
Daily Yield
7 Day Yield
- Stable NAV pool designed for day-to-day cash management
- No corporate credit exposure
- Same day liquidity
- 24-hour access to online portal for transactions and statements
- No minimum investments or transaction costs
IMET Core Fund
Market Yield*
Total Return**
- Floating NAV pool designed for funds that may be invested for longer than one year
- Aa/bf rating from Moody's
- Target portfolio maturity between 1-3 years
- Offers next day liquidity
- No early withdrawal or redemption fees
- *Net annualized rate of return a new investor could earn at current market prices if the securities in the fund are held to maturity. This yield will fluctuate moving forward.
- **Net total return for prior one-year period.
Recent News
Click on the link below to read the latest IMET Monthly Newsletter:
IMET July 2025 Monthly Newsletter
Read moreClick on the link below to read the latest IMET Monthly Newsletter:
IMET June 2025 Monthly Newsletter
Read moreThis article highlights how the IMET Core Fund remains a strong, reliable longer-term investment solution for Illinois public agencies, well-positioned to benefit from potential rate cuts in today’s shifting market.
Looking for a longer-term investment option? "Set it and forget it"...It's that simple.
Read moreThis article provides an overview of economic conditions in Spring 2025, including the impact of tariffs, interest rate expectations, inflation trends, and the outlook moving forward.
Spring 2025 Overview and Future Outlook
Read more