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
$20.157
As of October 21, 2019
$20.143
As of September 30, 2019
Recent Performance
| 1 Month | 3 Month | 1 Year | |
|---|---|---|---|
| NET | (0.10)% | 0.65% | 3.83% |
| GROSS | (0.08)% | 0.72% | 4.12% |
- 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
1.90%
As of October 21, 2019
FED Funds Rate
1.75% - 2.00%
As of October 21, 2019
Recent Performance
N/A
Avg. Daily Yield of Month
2.24%
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
Recent News
GFOA Executive Board Adopts Two Best Practices
October 03, 2019
The GFOA Executive Board adopted two best practices pertaining to investing at its September 20, 2019 meeting, Collateralizing Public Deposits and Using Cash Flow Forecasts for Treasury and Operations Liquidity.
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