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**
-0.03% 1.29% 4.73% 2.69%
As of February 28, 2024

Net Asset Value

$20.841
As of February 28, 2024
  • Carries the highest rating by Moody's, Aaa/bf
  • *Annualized
  • **Inception July 17, 1996

View Performance

Convenience Fund (CVF)

Yield

1 Day
5.00%
7 Day
5.02%
30 Day
5.01%
As of February 28, 2024

FED Funds Rate

5.25% - 5.50%
As of February 28, 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

View Performance

Recent News

IMET FEBRUARY 2024 Monthly Newsletter
February 13, 2024

In this month's newsletter, see the info for IMET's upcoming Annual Participant meeting happening March 19th, review the IMET Economic Update Webinar from February 13th, read about the completion of IMETs audit, view IMETs upcoming schedule of conferences and events, read our economic update, and view the January 2024 fund performance.

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IMET JANUARY 2024 Monthly Newsletter
January 15, 2024

In this month's newsletter, view the IMET schedule for the beginning of 2024, see the info for IMET's upcoming Annual Participant meeting happening March 19th, look at the upcoming IMET Economic Update webinar registration with Meeder Public Funds on February 13th, read our economic update, and view the December 2023 fund performance.

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IMET DECEMBER 2023 Monthly Newsletter
December 15, 2023

In this month's newsletter, view the IMET holiday schedule for the end of 2023/beginning of 2024, see the info for IMET's upcoming Annual Participant meeting happening March 19th, 2024, read our economic update, and view the November 2023 fund performance.

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Holiday Tips from IMET for this December 2023
December 11, 2023

IMET offers tips for Risk Management and Safety for the Holidays...with some humor involved.  We hope you enjoy! Happy Holidays! 

The article can be found here: Holiday Tips from IMET for this December 2023

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