IMET Core Fund
The IMET Core Fund (formerly known as the 1-3 Year Fund) is designed for public funds that may be invested for longer than one year. Although the Core Fund is designed for funds that may be invested for a year or longer, there is no minimum investment term and there are no 'early' withdrawal/redemption fees or penalties for funds invested for less than one year.
The Core Fund provides next day liquidity; participants are able to redeem investment shares next day as long as IMET is notified by 3:00 PM CT. The Core Fund has a fluctuating net asset value (NAV) and an average portfolio maturity of 1 to 3 years. The Core Fund is invested primarily in U.S. government backed securities (Treasuries and Agencies). Due to its investment policy, objectives and constraints, the IMET Core Fund Series carries the highest rating by Moody's, Aaa/bf.
Core Fund Performance Summary
Ready to start investing?
Opening an account is simple!
- Pass an ordinance, resolution or adopt an investment policy authorizing participation in IMET.
- Complete and return an IMET Account Application.
- Return the Application along with your redemption instructions and fund your account with your initial investment. There are no restrictions to the number of accounts you can have.
Recent News
In this month's monthly newsletter, you will be able to read about the ICTA Annual Summer Conference that took place in Carbondale, see all the upcoming events IMET will be participating in, review the latest economic update, and view the performance report for July 2022.
Read moreIn this month's monthly newsletter, you will be able to read about the IMTA Annual Summer Conference that took place in Springfield, see all the upcoming events IMET will be participating in, review the latest economic update, and view the performance report for June 2022.
Read moreIn 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.
Read moreWe are excited to introduce Ethan Lord, our new Associate Director, who will be working out of Edwardsville.
Read more