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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 more than 253 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


  April 2012 IMET Performance Annualized
IMET 1-3 Year Fund
One Month
3 Months
One Year
3 Years
5 Years
Since Inception
Net of Fees
0.13%
0.02%
0.27%
1.24%
3.00%
4.14%
Gross of Fees
0.15%
0.09%
0.56%
1.52%
3.28%
4.47%

April 2012 IMET Convenience Fund Performance
IMET Convenience Fund - Past 12 Months
0.29%
Convenience Fund - Earnings Rate
0.27%

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
0.28%
as of May. 16th, 2012
$18.983
as of May. 16th, 2012

NAV at Apr. 30th, 2012
was $18.988
Current Fed Funds Rate
0.00% - 0.25%

* The Convenience Fund rate provides a minimum rate of Fed Funds, plus an enhancement that may fluctuate daily


Elizabeth Holleb (Trustee) is the Finance Director for the City of Highland Park since joining the City in October of 2003. A Certified Public Accountant, she brings more than 19 years of work experience in municipal finance with employers that include the Government Finance Officers Association, the Village of Northbrook, the Village of Oak Park, and the City of Highland Park. Public and professional contributions have included serving on the Coverage, Claims, and Litigation Committee of the Intergovernmental Risk Management Agency and as Highland Park's Delegate to IRMA's Board of Directors, as well as various officer roles with the Metro Chapter Board of the IGFOA. She is a member of the Government Finance Officer Association (GFOA) and the Illinois GFOA.  Elizabeth served as Chair of the IMET Board of Trustees from 2009 - 2012.


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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. - 4:30 p.m. (CST) bus. days.
Telephone: (888) 288-IMET (4638) 
 
New Members
The IMET Board and staff are very pleased to welcome the following new participants:
  • Evergreen Park Public Library
  • Forest Preserve District of Kane County
  • Park District of Highland Park
  • Oak Park Elementary School District 97
  • Park Ridge Recreation & Park District
  • Lisle Library District
Audit Confirmation Request
Please send requests for audit confirmations to:

Ms. Paula Cooper
PMA Financial Network, Inc.
2135 CityGate Lane
7th Floor
Naperville, IL 60563
630-657-6450
or
Fax requests to: 630-718-8701
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