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 Core Fund

Net Total Return*

1 Month 3 Month 1 Year Since Inception**
-1.85% -1.32% -6.00% 2.60%
As of September 28, 2022

Net Asset Value

$19.612
As of September 28, 2022
  • Carries the highest rating by Moody's, Aaa/bf
  • *Annualized
  • **Inception July 17, 1996

View Performance

Convenience Fund (CVF)

Yield

1 Day
2.78%
7 Day
2.76%
30 Day
2.27%
As of September 28, 2022

FED Funds Rate

3.00% - 3.25%
As of September 28, 2022
  • 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

View Performance

Recent News

IMET AUGUST 2022 Monthly Newsletter
August 25, 2022

In this month's monthly newsletter, you will be able to read about the ICTA Annual Summer Conference that took place in Carbondale, see all the upcoming events IMET will be participating in, review the latest economic update, and view the performance report for July 2022. 

Read more
IMET JULY 2022 Monthly Newsletter
July 12, 2022

In this month's monthly newsletter, you will be able to read about the IMTA Annual Summer Conference that took place in Springfield, see all the upcoming events IMET will be participating in, review the latest economic update, and view the performance report for June 2022. 

Read more
IMET June 2022 Monthly Newsletter
June 09, 2022

In this month's monthly newsletter, you will be introduced to IMETs new Associate Director, see the upcoming events IMET will be participating in, review the latest economic update, and view the performance report for May 2022.  

Read more
Meet Ethan Lord
June 08, 2022

We are excited to introduce Ethan Lord, our new Associate Director, who will be working out of Edwardsville.

Read more
View All News