Why Invest In IMET?

ENHANCED DIVERSIFICATION

IMET’s two funds, the Core Fund (fka 1-3 Year Series) and the Convenience Series, can complement a participant's own investment program. Adding different strategies increases diversification which may enhance safety. Each series is comprised of a diversified basket of investments.

LIQUIDITY

IMET conducts daily mark-to-market pricing, recommended by the GFOA, to keep participants constantly aware of the market value of the Core Fund (1-3 Year Series) portfolio. While designed for investments of longer than one year, participants are able to redeem their shares of the Core Fund (1-3 Year Series) with 5 business days notice. The Convenience Series provides daily liquidity to participants.

RESULTS-ORIENTED

IMET funds are managed with the goal of meeting or exceeding their respective benchmark. The Core Fund (1-3 Year Series) is benchmarked to the Bloomberg Barclay’s 1-3 Year Government Total Return Index. The Convenience Series is benchmarked to the Federal Funds Rate.

No Minimums / No Maximums

There are no minimum investment requirements to join or participate. There are no maximum limits on the number of accounts participants can establish.

Best Practices

IMET practices – continuously – are aligned with GFOA and industry best practice and operational excellence - including collateralization, third party custody, and periodic competitive procurement.

Oversight

IMET is governed by a Board of Trustees comprised of Illinois public officials representing IMET participants. The Board meets monthly to review goals, objectives and the direction of IMET. Participants also benefit from an independent administrator that acts as transfer agent and provides fund accounting and reporting, and a third party custodian.

Recent News

IMET May 2023 Monthly Newsletter
May 10, 2023

In this month's newsletter, you can see the conferences and events IMET will be participating in over the next few months, learn about DebtBook and how you can take part in their webinar discussing their services on May 17th, read about additional services IMET offers participants, review the latest economic update, and view the performance report for April 2023.

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IMET April 2023 Monthly Newsletter
April 11, 2023

In this month's newsletter, you can see the overview on the IMET Annual Participant Meeting that took place on March 21st at the NIU Conference Center in Naperville, read about the additional services IMET offers participants, review the latest economic update, and view the performance report for March 2023

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IMET MARCH 2023 Monthly Newsletter
March 09, 2023

In this month's newsletter, you will get a reminder to register for the IMET Annual Participant Meeting happening March 21st at the NIU Conference Center in Naperville, read Sofia's perspective on inflation in Sofia's Spot, and get an economic update and a performance overview for February for IMET funds.

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IMET FEBRUARY 2023 Monthly Newsletter
February 09, 2023

In this month's monthly newsletter, you will learn about and be able to register for the IMET Annual Participant Meeting happening March 21st in Naperville, learn about the Arbitrage Rebate Calculation webinar presented by Ice Miller on February 22nd at 10am CST, read about IMET Funds Performance, see all the upcoming events IMET will be participating in the coming months, review the latest economic update, and view the performance report for January 2023. 

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