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 Asset Value
Recent Performance
| 1 Month | 3 Month | 1 Year | |
|---|---|---|---|
| NET | 0.42% | 1.26% | 3.47% |
| GROSS | 0.44% | 1.33% | 3.75% |
- Average portfolio maturity of 1-to-3 years with no 'early' withdrawal fees
- Carries the highest rating by Moody's, Aaa/bf
Convenience Fund (CVF)
CVF Fund Rate
FED Funds Rate
Recent Performance
- Designed to accommodate funds requiring high liquidity, including short term cash management programs and temporary investment of bond proceed
- Enhanced diversification with no minimum investment
Recent News
The Internal Revenue Service and the Treasury Department have issued final rules blocking certain states’ attempts to work around the new $10,000 cap for state and local tax deductions.
Read moreDownload the June 2019 IMET Monthly Newsletter here
Read more"Fade the futures.” That’s market jargon for going against the financial futures market, in this case the contracts on what the federal-funds rate will be in months hence. The market is betting on multiple reductions in the Federal Reserve’s main interest-rate target later this year. The trouble is, the futures market was just as certain late last year that multiple rate increases were ahead.
Read more