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 FEBRUARY 2024 Monthly Newsletter
February 13, 2024

In this month's newsletter, see the info for IMET's upcoming Annual Participant meeting happening March 19th, review the IMET Economic Update Webinar from February 13th, read about the completion of IMETs audit, view IMETs upcoming schedule of conferences and events, read our economic update, and view the January 2024 fund performance.

Read more
IMET JANUARY 2024 Monthly Newsletter
January 15, 2024

In this month's newsletter, view the IMET schedule for the beginning of 2024, see the info for IMET's upcoming Annual Participant meeting happening March 19th, look at the upcoming IMET Economic Update webinar registration with Meeder Public Funds on February 13th, read our economic update, and view the December 2023 fund performance.

Read more
IMET DECEMBER 2023 Monthly Newsletter
December 15, 2023

In this month's newsletter, view the IMET holiday schedule for the end of 2023/beginning of 2024, see the info for IMET's upcoming Annual Participant meeting happening March 19th, 2024, read our economic update, and view the November 2023 fund performance.

Read more
Holiday Tips from IMET for this December 2023
December 11, 2023

IMET offers tips for Risk Management and Safety for the Holidays...with some humor involved.  We hope you enjoy! Happy Holidays! 

The article can be found here: Holiday Tips from IMET for this December 2023

Read more
View All News