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*
0.16% 0.32% 3.77% 3.09%
As of August 13, 2020

Net Asset Value

$20.840
As of August 13, 2020
  • Carries the highest rating by Moody's, Aaa/bf
  • *Inception July 17, 1996

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Convenience Fund (CVF)

Yield

1 Day
0.35%
7 Day
0.35%
30 Day
0.33%
As of August 13, 2020

FED Funds Rate

0.00% - 0.25%
As of August 13, 2020
  • 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

Measuring the Performance of Moden Public Funds Investment Portfolios
August 13, 2020

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Fed Wrestles With Its Next Moves as Virus Stalls U.S. Economy
July 29, 2020

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IMET July 2020 Monthly Newsletter
July 20, 2020

Download the July 2020 IMET Monthly Newsletter

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The Biggest US Banks Have Some Bad News About the American Economy
July 20, 2020

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