Morningstar Ratings & Rankings

  Morningstar Ratings™ as of 8/31/2019

Fund Name/
Inception Date
Category
Rating / Number of funds in the category
3-Year
5-Year
10-Year
Overall
Rating
Value Fund - Investor Class
(05/09/1986)
Large Growth

out of 1236

out of 1110

out of 819

out of 1236
Value Fund- Institutional Class
(05/09/1986)
Large Growth

out of 1236

out of 1110

out of 819

out of 1236
Partners Value Fund - Investor Class
(06/01/1983)
Large Growth

out of 1236

out of 1110

out of 819

out of 1236
Partners Value Fund- Institutional Class
(06/01/1983)
Large Growth

out of 1236

out of 1110

out of 819

out of 1236
Partners III Opportunity Fund - Investor Class
(06/01/1983)
Long-Short Equity

out of 200

out of 141

out of 35

out of 200
Partners III Opportunity Fund - Institutional Class
(06/01/1983)
Long-Short Equity

out of 200

out of 141

out of 35

out of 200
Hickory Fund
(04/01/1993)
Mid-Cap Blend

out of 363

out of 308

out of 227

out of 363
Balanced Fund - Investor Class
(10/01/2003)
Allocation--30% to 50% Equity

out of 494

out of 399

out of 267

out of 494
Balanced Fund - Institutional Class
(10/01/2003)
Allocation--30% to 50% Equity

out of 494

out of 399

out of 267

out of 494
Core Plus Income Fund - Investor Class
(07/31/2014)
Intermediate Core-Plus Bond

out of 536

out of 448
n/a

out of 536
Core Plus Income Fund- Institutional Class
(07/31/2014)
Intermediate Core-Plus Bond

out of 536

out of 448
n/a

out of 536
Short Duration Income Fund - Investor Class
(12/23/1988)
Short-Term Bond

out of 490

out of 437

out of 277

out of 490
Short Duration Income Fund - Institutional Class
(12/23/1988)
Short-Term Bond

out of 490

out of 437

out of 277

out of 490
Nebraska Tax-Free Income Fund
(10/01/1985)
Muni Single State Interm

out of 136

out of 131

out of 111

out of 136
Ratings are based on past performance data and represents past performance, which does not guarantee future results.
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The Morningstar RatingTM for funds, or “star rating”, is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.

Morningstar Rankings™ as of 8/31/2019

Fund Name/
Inception Date
Category
Ranking / Number of funds in the category
Percentile Ranking
1-Year
3-Year
5-Year
10-Year
Value Fund - Investor Class
(05/09/1986)
Large Growth
117 / 1382
8
1106 / 1236
90
1059 / 1110
94
731 / 819
87
Value Fund- Institutional Class
(05/09/1986)
Large Growth
109 / 1382
8
1085 / 1236
88
1040 / 1110
92
n/a
Partners Value Fund - Investor Class
(06/01/1983)
Large Growth
668 / 1382
47
1221 / 1236
99
1101 / 1110
100
796 / 819
97
Partners Value Fund- Institutional Class
(06/01/1983)
Large Growth
615 / 1382
43
1220 / 1236
99
1099 / 1110
99
n/a
Partners III Opportunity Fund - Investor Class
(06/01/1983)
Long-Short Equity
4 / 248
2
13 / 200
6
20 / 141
16
n/a
Partners III Opportunity Fund - Institutional Class
(06/01/1983)
Long-Short Equity
3 / 248
1
10 / 200
5
14 / 141
11
1 / 35
1
Hickory Fund
(04/01/1993)
Mid-Cap Blend
25 / 426
5
255 / 363
74
217 / 308
73
141 / 227
71
Balanced Fund - Investor Class
(10/01/2003)
Allocation--30% to 50% Equity
41 / 558
8
19 / 494
6
43 / 399
10
39 / 267
16
Balanced Fund - Institutional Class
(10/01/2003)
Allocation--30% to 50% Equity
n/a
n/a
n/a
n/a
Core Plus Income Fund - Investor Class
(07/31/2014)
Intermediate Core-Plus Bond
434 / 618
69
203 / 536
40
44 / 448
10
n/a
Core Plus Income Fund- Institutional Class
(07/31/2014)
Intermediate Core-Plus Bond
406 / 618
66
125 / 536
23
23 / 448
6
n/a
Short Duration Income Fund - Investor Class
(12/23/1988)
Short-Term Bond
387 / 552
69
329 / 490
72
197 / 437
49
n/a
Short Duration Income Fund - Institutional Class
(12/23/1988)
Short-Term Bond
330 / 552
59
254 / 490
56
121 / 437
33
85 / 277
35
Ultra Short Government Fund
(08/01/1991)
Short Government
83 / 101
82
n/a
n/a
n/a
Nebraska Tax-Free Income Fund
(10/01/1985)
Muni Single State Interm
145 / 148
99
114 / 136
87
130 / 131
100
110 / 111
100
Morningstar Ranking / # of Funds in Category displays the fund's actual rank within its Morningstar Category based on average annual total return and number of Funds in that Category.
The Morningstar Percentile Ranking compares a Fund's Morningstar risk and return scores with all the Funds in the same Category, where 1% = Best and 100% = Worst.
Morningstar Ranking / # of Funds in Category displays the fund's actual rank within its Morningstar Category based on average annual total return and number of Funds in that Category.
The Morningstar Percentile Ranking compares a Fund's Morningstar risk and return scores with all the Funds in the same Category, where 1% = Best and 100% = Worst.