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
Recent Performance
| 1 Month | 3 Month | 1 Year | |
|---|---|---|---|
| NET | 0.18% | 0.87% | 2.73% |
| GROSS | 0.20% | 0.93% | 3.01% |
- 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
FED Funds Rate
Recent Performance
- Designed to accommodate funds requiring high liquidity, including short term cash management programs and temporary investment of bond proceed
- Enhanced diversification with no minimum investment
Recent News
Download the May 2019 IMET Monthly Newsletter
Read moreFederal Reserve officials voted to hold interest rates steady Wednesday, as a lack of inflation pressure outweighed an economy that otherwise is growing strongly.
Read moreWASHINGTON—Several states are rolling out stricter standards for investment-broker conduct, bucking industry warnings about an unwieldy patchwork of rules around the country.
Read moreWeaning off the scandal-plagued Libor benchmark is a gigantic problem for global rates markets, one that increasingly looks too burdensome for a single replacement to handle in the U.S.
Read more