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 Convenience Fund
Daily Yield
7 Day Yield
- Stable NAV pool designed for day-to-day cash management
- No corporate credit exposure
- Same day liquidity
- 24-hour access to online portal for transactions and statements
- No minimum investments or transaction costs
IMET Core Fund
Market Yield*
Total Return**
- Floating NAV pool designed for funds that may be invested for longer than one year
- Aa/bf rating from Moody's
- Target portfolio maturity between 1-3 years
- Offers next day liquidity
- No early withdrawal or redemption fees
- *Net annualized rate of return a new investor could earn at current market prices if the securities in the fund are held to maturity. This yield will fluctuate moving forward.
- **Net total return for prior one-year period.
Recent News
Halloween offers a lighthearted reminder that public fund investing can come with fewer surprises. A sound investment policy, cash flow forecasts, and diversification help local governments protect public funds, maintain liquidity, and pursue prudent returns.
No Tricks, Just Sound Investment Practices: Keeping Public Funds Safe
Read moreClick on the link below to read the latest IMET Monthly Newsletter:
IMET OCTOBER 2026 Monthly Newsletter
Read moreClick on the link below to read the latest IMET Monthly Newsletter:
IMET SEPTEMBER 2026 Monthly Newsletter
Read moreIMET’s first IAWA Conference was a valuable opportunity to listen, learn, and connect with Illinois wastewater professionals while gaining a better understanding of the communities they serve.
The IAWA Conference: Listening, Learning and Serving Illinois Communities
Read more