IMET 1-3 Year Series

The IMET 1-3 Year Series is designed for public funds that may be invested for longer than one year. Although the 1-3 Year Series 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 1-3 Year Series provides 5 day liquidity; participants are able to redeem investment shares with 5 business days notice to the IMET Operations desk. The IMET 1-3 Year Series has a fluctuating net asset value (NAV) and an average portfolio maturity of 1 to 3 years. The 1-3 Year Series is invested primarily in U.S. government backed securities (Treasuries and Agencies). Due to its investment policy, objectives and constraints, the 1-3 Year Series carries the highest rating by Moody's, Aaa/bf.

1-3 Year Fund Performance Summary

Or Filter By Month and Year:

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

GFOA Launches Economic Indicator Dashboard
May 28, 2020

GFOA Launches Economic Indicator Dashboard

Read more
Laurence Msall Column in Crain's Chicago Business, "No state or local government can weather this crisis on its own"
May 27, 2020

Laurence Msall wrote a column for Crain's Chicago Business, May 8, 2020, asserting that no state or local government can weather this crisis on its own. His argument is that to exclude Illinois, Chicago or other major governments from future rounds of federal relief because of past bad fiscal decisionmaking are misguided and threaten full national economic recovery.

Read more
Updated GFOA Best Practice: Using Safekeeping and Third-Party Custodian Services
April 30, 2020

The safety of public funds should be the primary investment objective of all governments.  One of the most important protections and a control against fraud is the separation of the safekeeping function from the investment function.

Read more
Federal Reserve Press Release
April 29, 2020

The Federal Reserve left rates unchanged at its April policy meeting, while its statement addressed the dramatic deterioration of the economic outlook since their last meeting in March and made clear they are “committed to using its full range of tools to support the U.S. economy in this challenging time.” The committee kept the interest rate paid on required and excess reserves unchanged at 0.10%.

Read more
View All News