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The Illinois Metropolitan Investment Fund (IMET) was developed in July 1996 as a cooperative endeavor to assist Illinois municipalities with the investment of their intermediate-term dollars. IMET was established as a not-for-profit investment fund under the Illinois Municipal Code. Currently serving 274 municipalities and public entities, IMET offers two separate investment vehicles, the 1-3 Year Fund and the Convenience Fund, to meet the investment needs of public entities.   The IMET 1-3 Year Fund continues to provide the  highest U.S.Government Securities' rating.    
More about IMET


  May 2016 IMET Performance Annualized
IMET 1-3 Year Fund
One Month
3 Months
One Year
3 Years
5 Years
Since Inception
Net of Fees
-0.09%
0.08%
0.44%
0.49%
0.33%
3.36%
Gross of Fees
-0.07%
0.15%
0.72%
0.77%
0.61%
3.68%

May 2016 IMET Convenience Fund Performance
IMET Convenience Fund - Past 12 Months
0.36%
Convenience Fund - Avg. Daily Yield for Month
0.45%

For prior 1-3 Year Fund daily NAV values and Convenience
Fund rates, please call the Operations Desk
1-888-288-IMET (4638)
Current Convenience Fund Rate 1-3 Year Fund NAV
0.48%
as of Jun. 23rd, 2016
$19.326
as of Jun. 23rd, 2016

NAV at May. 31st, 2016
was $19.291
Current Fed Funds Rate
0.25% - 0.50%


Chris Minick (Trustee) is currently the Finance Director for the City of St Charles, Illinois and has served in this capacity since April of 2008.  Chris has over 20 years' experience in municipal accounting and finance.  Prior to his tenure in St Charles, Chris served as the Village Administrator and Director of Management Services for the Village of Plainfield, Illinois.  Chris also served as the Senior Accountant for the Wheeling Park District for approximately two years.  He began his career performing audits of local governmental units for CPA firms in the Chicago region and spent approximately six years performing various financial statement and compliance audits for units of government in Illinois.  Chris has a Bachelor of Science Degree in Accounting and Finance from St. Joseph's College in Rensselaer, IN.  He has served as the Chairman for the Southwest Agency for Risk Management (SWARM, a municipal risk insurance pool), Chairman for the Southwest Agency for Health Management (a municipal health insurance pool), the Membership Committee of the Intergovernmental Personnel Benefits Cooperative, and the Chairman of the Audit Committee for the Illinois Government Finance Officers Association. 

Chris serves as the Secretary of the IMET Board and is the Chairman of the New Products Committee.


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For easy access to wire instructions for purchases, redemptions or transfers
please call the operations/help desk at 1-888-288-IMET(4638)
IMET Operations Desk
8:00 a.m. - 6:00 p.m. (CST) bus. days.
Telephone: (888) 288-IMET (4638) 
 
Audit Confirmation Request
Please send requests for audit confirmations to:

IMET FUNDS
ATTN: PROCESSING TEAM 2
P.O. BOX 1920
DENVER, CO 80201
Or
Fax requests to: 866-205-1499
Or
Overnight Mail:
IMET FUNDS
ATTN: PROCESSING TEAM 2
1290 BROADWAY, SUITE 1100
DENVER, CO 80203
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