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

$20.153
As of August 20, 2019
$19.995
As of July 31, 2019
Recent Performance
  1 Month 3 Month 1 Year
NET -0.08% 1.00% 3.37%
GROSS -0.06% 1.06% 3.65%
  • Average portfolio maturity of 1-to-3 years with no 'early' withdrawal fees
  • Carries the highest rating by Moody's, Aaa/bf

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Convenience Fund (CVF)

CVF Fund Rate

2.11%
As of August 20, 2019

FED Funds Rate

2.00% - 2.25%
As of August 21, 2019

Recent Performance

N/A
Avg. Daily Yield of Month
2.22%
Past 12 Months
  • 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

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Recent News

August 2019 IMET Monthly Newsletter
August 12, 2019

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July 2019 IMET Monthly Newsletter
July 10, 2019

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Feds Block Tax Breaks for Donating to these Charitable State Funds
June 14, 2019

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.

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June 2019 IMET Monthly Newsletter
June 14, 2019

Download the June 2019 IMET Monthly Newsletter here

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