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 Core Fund

Net Total Return*

1 Month 3 Month 1 Year Since Inception**
1.02% 2.35% 5.59% 2.74%
As of July 26, 2024

Net Asset Value

$21.354
As of July 26, 2024
  • Carries the highest rating by Moody's, Aaa/bf
  • *Annualized
  • **Inception July 17, 1996

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Convenience Fund (CVF)

Yield

1 Day
5.10%
7 Day
5.10%
30 Day
5.10%
As of July 26, 2024

FED Funds Rate

5.25% - 5.50%
As of July 26, 2024
  • 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 JULY 2024 Monthly Newsletter
July 17, 2024

In this month's newsletter view our upcoming schedule for conferences and events, read our economic update, and see the June 2024 fund performance.

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IMET JUNE 2024 Monthly Newsletter
June 26, 2024

In this month's newsletter view our upcoming schedule for conferences and events, read our economic update, and see the May 2024 fund performance.

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IMET MAY 2024 Monthly Newsletter
May 16, 2024

In this month's newsletter view our upcoming schedule for conferences and events, read our economic update, and see the April 2024 fund performance.

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IMET APRIL 2024 Monthly Newsletter
April 17, 2024

In this month's newsletter, read how the IMET Core Fund is favorably positioned in the current environment, review our economic update, and see the March 2024 fund performance.

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