IMET Core Fund
The IMET Core Fund is designed for public funds that may be invested for longer than one year. Although the IMET Core Fund is designed for funds that may be invested for a year or longer, there is no minimum investment term and there are no 'early' withdrawal/redemption fees or penalties for funds invested for less than one year.
The IMET Core Fund provides next day liquidity; participants are able to redeem investment shares next day as long as IMET is notified by 3:00 PM CT. The Core Fund has a fluctuating net asset value (NAV) and an average portfolio maturity of 1 to 3 years. The Core Fund is invested primarily in U.S. government backed securities (Treasuries and Agencies). Due to its investment policy, objectives and constraints, the IMET Core Fund Series carries the highest rating by Moody's, Aaa/bf.
Core Fund Performance Summary
Ready to start investing?
Opening an account is simple!
- Pass an ordinance, resolution or adopt an investment policy authorizing participation in IMET.
- Complete and return an IMET Account Application.
- Return the Application along with your redemption instructions and fund your account with your initial investment. There are no restrictions to the number of accounts you can have.
Recent News
A fun Halloween themed article discussing safety, liquidity, and yield within the current market and the future outlook. Beware the Haunted Markets: Local Government Investing in Spooky Times
Read moreClick on the link below to read the latest IMET Monthly Newsletter:
IMET October 2024 Monthly Newsletter
Read moreThis article discusses the important aspects of transparency and accountability in public funds management. The aspects discussed are the principles, structure, reporting, audits, as well as standards and requirements. Transparency and Accountability in Public Fund Management
Read moreIn this month's newsletter view our upcoming schedule for conferences and events, check out the link to our other recent articles, read our economic update, and see the August 2024 fund performance.
Read more