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 Total Return*

1 Month 3 Month 1 Year Since Inception**
-0.14% -0.17% -0.09% 2.95%
As of October 19, 2021

Net Asset Value

$20.847
As of October 19, 2021
  • Carries the highest rating by Moody's, Aaa/bf
  • *Annualized
  • **Inception July 17, 1996

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Convenience Fund (CVF)

Yield

1 Day
0.14%
7 Day
0.14%
30 Day
0.15%
As of October 19, 2021

FED Funds Rate

0.00% - 0.25%
As of October 20, 2021
  • 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 October 2021 Monthly Newsletter
October 14, 2021

IMET October 2021 Monthly Newsletter

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2020 GFOA Certificate Of Achievement For Excellence In Financial Reporting Award
September 30, 2021

2020 GFOA Certificate Of Achievement For Excellence In Financial Reporting Award

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IGFOA Article, "Getting the Best Out of Your RFPs"
September 24, 2021

Sofia Anastopoulos, along with Aimee Briles, of Wintrust, wrote "Practical Tips for Getting the Best Out of Your RFPs" for the IGFOA.  While numerous resources exist for the creation and use of RFPs in competitive procurements, this article strives to present useful tips to enhance the productively of your RFPs. Read full article here.

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IMET September 2021 Newsletter
September 20, 2021

IMET September 2021 Newsletter

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