IMET Core Fund
The IMET Core Fund is designed for public funds that may be invested for longer than one year. Although the IMET 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 IMET 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 newsletter view our upcoming schedule for conferences and events, check out the link to our other recent articles, read our economic update, and see the July 2024 fund performance.
Read moreThis article gives a refresher for the GFOA's Best Practices as it pertains to managing public funds. Even though you may know them well, it is always helpful to review (one might call that a Best Practice). The article can be found here: Refresher: GFOA Best Practices for Managing Public Funds
Read moreThis article breaks down Cash Flow Forecasting (CFF). It focuses in on what CFF is, what CFF is not, and where to start.
The article can be found here: Navigating Fiscal Waters: The Art of Cash Flow Forecasting for Financial Stewardship
Read moreIn this month's newsletter view our upcoming schedule for conferences and events, read our economic update, and see the June 2024 fund performance.
Read more