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
$20.312
As of February 13, 2020
$20.341
As of January 31, 2020
Recent Performance
| 1 Month | 3 Month | 1 Year | |
|---|---|---|---|
| NET | 0.20% | 0.46% | 3.38% |
| GROSS | 0.22% | 0.53% | 3.66% |
- Average portfolio maturity of 1-to-3 years with no 'early' withdrawal fees
- Carries the highest rating by Moody's, Aaa/bf
Convenience Fund (CVF)
CVF Fund Rate
1.60%
As of February 13, 2020
FED Funds Rate
1.50% - 1.75%
As of February 17, 2020
Recent Performance
0.14%
Avg. Daily Yield of Month
2.15%
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
Recent News
January 2020 IMET Monthly Newsletter
January 22, 2020
January 2020 IMET Monthly Newsletter
Read moreTwo Keynote Speakers Announced for #GFOA2020
January 16, 2020
Sunday and Monday Keynote Speakers Announced for GFOA's 114th Annual Conference
Read more