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Why Invest in IMET?

By pooling the cash from many public entities into a single fund, IMET seeks to earn a higher return for its participants than could be achieved by individual investing. The combined purchasing power of IMET and its longer maturity structure benefits participants.


The numerous other advantages of investing in IMET are:
  • Purchasing Power - By pooling the cash from many public entities into a single fund, IMET seeks to earn a higher return for its participants than could be achieved by individual investing. The combined purchasing power of IMET and its longer maturity structure benefits participants.

  • Exceptional Quality - The IMET 1-3 Year Fund carries the highest rating by Moody's, Aaa/bf based on the very high quality and short-term maturity of the fund's portfolio, as well as for strong risk management and compliance oversight capabilities. The highly stable character of the fund's asset base, in addition to its stringent withdrawal restrictions, further contribute to the fund's ratings.

  • Government Backed Instruments - Primary investments include U.S. Treasuries, agencies, agency mortgage pass-through securities and cash equivalents with maturities generally not exceeding five (5) years.

  • Liquidity - Daily mark-to-market pricing, recommended for local government investment pools by the U.S. and Canadian Government Finance Officers Association, is conducted by IMET to keep participants constantly aware of the market value of the portfolio. Due to the intermediate-term maturity of IMET, the fund is designed for investments of longer than one year. Within this framework, participants are able to redeem investment shares with five business days notice to the IMET operations desk.

  • Results Oriented - Funds are invested with the goal of meeting or exceeding the Barclay's Capital 1-3 Year Government Bond Index while maintaining preservation of principal and liquidity.

  • Unmatched Oversight - IMET is governed by a Board of Trustees comprised of Illinois municipal officials representing the fund's investors. They meet monthly to review goals, objectives and the direction of the fund. Participants also benefit from an unqualified auditors opinion.

  • Approved for Operating and Pension Funds - The Illinois Department of Insurance has approved IMET as an authorized investment for police and firefighter pension funds.

  • Excellent Service With Professional Management - Custodial services are contracted with Harris Bank N.A. The strict investment guidelines adopted by the IMET Board of Trustees are adhered to by the investment professionals at JP Morgan Asset Management.
 
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