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
Click on the link below to read the latest IMET Monthly Newsletter:
IMET AUGUST 2026 Monthly Newsletter
Read moreThe August 2026 Market Overview provides the latest updates on economic growth, inflation, employment, and Federal Reserve rate expectations.
Read moreClick on the link below to read the latest IMET Monthly Newsletter:
IMET July 2026 - Monthly Newsletter
Read moreBased on GFOA best practices, this article explains how public agencies can evaluate investment portfolio performance and use a scorecard to track safety, liquidity, return, and overall policy objectives.
Reporting on the Performance of Public Investment Portfolios
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