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
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.
Effective immediately, the Government Finance Officers Association (GFOA) is asking all industry affiliates to immediately stop using the common four-letter acronym most often associated with the Comprehensive Annual Financial Report. Instead, GFOA recommends referring to the report by either the full name or by using a shortened format that does not include the four-letter acronym. For instance, the “Annual Report” would be acceptable.Read more