Morningstar Ratings & Rankings

  Morningstar Ratings™ as of 3/31/2017

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 1306

out of 1154

out of 800

out of 1306
Value Fund- Institutional Class
(05/09/1986)
Large Growth

out of 1306

out of 1154

out of 800

out of 1306
Partners Value Fund - Investor Class
(06/01/1983)
Large Blend

out of 1248

out of 1113

out of 822

out of 1248
Partners Value Fund- Institutional Class
(06/01/1983)
Large Blend

out of 1248

out of 1113

out of 822

out of 1248
Partners III Opportunity Fund - Investor Class
(06/01/1983)
Long-Short Equity

out of 166

out of 81

out of 26

out of 166
Partners III Opportunity Fund - Institutional Class
(06/01/1983)
Long-Short Equity

out of 166

out of 81

out of 26

out of 166
Research Fund
(04/01/2005)
Mid-Cap Growth

out of 580

out of 500
n/a

out of 580
Hickory Fund
(04/01/1993)
Mid-Cap Blend

out of 377

out of 340

out of 219

out of 377
Balanced Fund
(10/01/2003)
Allocation--30% to 50% Equity

out of 408

out of 350

out of 243

out of 408
Short Duration Income Fund - Investor Class
(12/23/1988)
Short-Term Bond

out of 444

out of 359

out of 257

out of 444
Short Duration Income Fund - Institutional Class
(12/23/1988)
Short-Term Bond

out of 444

out of 359

out of 257

out of 444
Nebraska Tax-Free Income Fund
(10/01/1985)
Muni Single State Interm

out of 160

out of 148

out of 128

out of 160
Ratings are based on risk-adjusted returns and are historical and do not represent future results. The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-year, five-year, and ten-year (if applicable) Morningstar Ratings metrics.
Please note, some of the Morningstar proprietary calculations, including the Morningstar Rating™, are not customarily calculated based on adjusted historical returns. The evaluation of this investment does not affect the retail mutual fund data published by Morningstar. For each retail mutual fund with at least a three-year history, Morningstar calculates a Morningstar Rating based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund’s monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each 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. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) The Overall Morningstar Rating for a retail mutual fund is derived from a weighted average of the performance figures associated with its three-, five- and 10-year (if applicable) Morningstar Rating metrics. This investment’s independent Morningstar Rating metric is then compared against the retail mutual fund universe breakpoints to determine its hypothetical rating. 
© 2017 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

Morningstar Rankings™ as of 3/31/2017

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
1360 / 1454
93
1277 / 1306
97
1038 / 1154
90
790 / 800
98
Partners Value Fund - Investor Class
(06/01/1983)
Large Blend
1303 / 1404
92
1230 / 1248
98
1022 / 1113
91
729 / 822
88
Partners III Opportunity Fund - Investor Class
(06/01/1983)
Long-Short Equity
97 / 305
32
89 / 166
53
16 / 81
19
n/a
Partners III Opportunity Fund - Institutional Class
(06/01/1983)
Long-Short Equity
86 / 305
28
81 / 166
49
12 / 81
14
7 / 26
24
Research Fund
(04/01/2005)
Mid-Cap Growth
576 / 635
90
483 / 580
83
445 / 500
89
n/a
Hickory Fund
(04/01/1993)
Mid-Cap Blend
397 / 441
90
328 / 377
87
308 / 340
90
192 / 219
87
Balanced Fund
(10/01/2003)
Allocation--30% to 50% Equity
405 / 513
79
257 / 408
63
102 / 350
29
153 / 243
63
Short Duration Income Fund - Investor Class
(12/23/1988)
Short-Term Bond
134 / 516
26
117 / 444
26
106 / 359
30
n/a
Short Duration Income Fund - Institutional Class
(12/23/1988)
Short-Term Bond
110 / 516
21
68 / 444
15
73 / 359
20
24 / 257
9
Nebraska Tax-Free Income Fund
(10/01/1985)
Muni Single State Interm
72 / 161
44
160 / 160
100
141 / 148
95
109 / 128
85
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.