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 Convenience Fund
Daily Yield
7 Day Yield
- Stable NAV pool designed for day-to-day cash management
- No corporate credit exposure
- Same day liquidity
- 24-hour access to online portal for transactions and statements
- No minimum investments or transaction costs
IMET Core Fund
Market Yield*
Total Return**
- Floating NAV pool designed for funds that may be invested for longer than one year
- Aa/bf rating from Moody's
- Target portfolio maturity between 1-3 years
- Offers next day liquidity
- No early withdrawal or redemption fees
- *Net annualized rate of return a new investor could earn at current market prices if the securities in the fund are held to maturity. This yield will fluctuate moving forward.
- **Net total return for prior one-year period.
Recent News
Learn how the Village of Woodridge and Finance Director John Harrington use IMET to support reserves, liquidity, and investment diversification.
IMET PARTICIPANT SPOTLIGHT HIGHLIGHTS: Village of Woodridge
Read moreLearn how you can put your property tax receipts to work for you in the IMET Convenience Fund
Put Your Property Tax Receipts to Work with the IMET Convenience Fund
Read moreIn the summer market update, we discuss the Federal Reserve’s June decision to hold rates steady and what may come next.
Summertime Market Outlook 2026
Read moreClick on the link below to read the latest IMET Monthly Newsletter:
IMET May 2026 - Monthly Newsletter
Read more