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 June 2022 Monthly Newsletter
June 09, 2022

In this month's monthly newsletter, you will be introduced to IMETs new Associate Director, see the upcoming events IMET will be participating in, review the latest economic update, and view the performance report for May 2022.  

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Meet Ethan Lord
June 08, 2022

We are excited to introduce Ethan Lord, our new Associate Director, who will be working out of Edwardsville.

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IMET May 2022 Monthly Newsletter
May 13, 2022

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IMET April 2022 Monthly Newsletter
April 18, 2022

26th Annual Participants' Meeting

Thanks to all who joined us remotely for the 26th Annual Participants Meeting. For those who were not able to join us, please Click Here for the Annual Meeting Packet and Core Fund presentation.

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