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

$19.991
As of July 15, 2019
$20.012
As of June 30, 2019
Recent Performance
  1 Month 3 Month 1 Year
NET 0.42% 1.26% 3.47%
GROSS 0.44% 1.33% 3.75%
  • 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

2.33%
As of July 15, 2019

FED Funds Rate

2.25% - 2.50%
As of July 15, 2019

Recent Performance

2.32%
Avg. Daily Yield of Month
2.18%
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

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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Don't Count on the Fed Cutting Rates When the Economy is this Good
June 12, 2019

"Fade the futures.” That’s market jargon for going against the financial futures market, in this case the contracts on what the federal-funds rate will be in months hence. The market is betting on multiple reductions in the Federal Reserve’s main interest-rate target later this year. The trouble is, the futures market was just as certain late last year that multiple rate increases were ahead.

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