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 Total Return*

1 Month 3 Month 1 Year Since Inception**
-0.09% -0.55% 0.61% 3.02%
As of May 05, 2021

Net Asset Value

$20.927
As of May 05, 2021
  • Carries the highest rating by Moody's, Aaa/bf
  • *Annualized
  • **Inception July 17, 1996

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Convenience Fund (CVF)

Yield

1 Day
0.21%
7 Day
0.21%
30 Day
0.21%
As of May 05, 2021

FED Funds Rate

0.00% - 0.25%
As of May 06, 2021
  • 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

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Recent News

IMET April 2021 Newsletter
April 19, 2021

IMET April 2021 Newsletter

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IMET March 2021 Monthly Newsletter
March 12, 2021

IMET March 2021 Monthly Newsletter

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GFOA Policy re: Proper Referencing of the Comprehensive Annual Financial Report
March 09, 2021

Effective immediately, the Government Finance Officers Association (GFOA) is asking all industry affiliates to immediately stop using the common four-letter acronym most often associated with the Comprehensive Annual Financial Report. Instead, GFOA recommends referring to the report by either the full name or by using a shortened format that does not include the four-letter acronym. For instance, the “Annual Report” would be acceptable.

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The IMET 2020 Comprehensive Annual Financial Report is now available
February 26, 2021

The IMET 2020 Annual Report is now available

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