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 Core Fund

Net Total Return*

1 Month 3 Month 1 Year Since Inception**
-0.69% -1.56% -4.51% 2.69%
As of June 23, 2022

Net Asset Value

$19.917
As of June 23, 2022
  • Carries the highest rating by Moody's, Aaa/bf
  • *Annualized
  • **Inception July 17, 1996

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Convenience Fund (CVF)

Yield

1 Day
1.31%
7 Day
1.28%
30 Day
0.89%
As of June 23, 2022

FED Funds Rate

1.50% - 1.75%
As of June 24, 2022
  • 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 June 2022 Monthly Newsletter
June 09, 2022

In this month's monthly newsletter, you will be introduced to IMETs new Associate Director, see the upcoming events IMET will be participating in, review the latest economic update, and view the performance report for May 2022.  

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Meet Ethan Lord
June 08, 2022

We are excited to introduce Ethan Lord, our new Associate Director, who will be working out of Edwardsville.

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IMET May 2022 Monthly Newsletter
May 13, 2022

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IMET April 2022 Monthly Newsletter
April 18, 2022

26th Annual Participants' Meeting

Thanks to all who joined us remotely for the 26th Annual Participants Meeting. For those who were not able to join us, please Click Here for the Annual Meeting Packet and Core Fund presentation.

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