Morningstar Ratings & Rankings

  Morningstar Ratings™ as of 12/31/2018

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 1247

out of 1107

out of 799

out of 1247
Value Fund- Institutional Class
(05/09/1986)
Large Growth

out of 1247

out of 1107

out of 799

out of 1247
Partners Value Fund - Investor Class
(06/01/1983)
Large Growth

out of 1247

out of 1107

out of 799

out of 1247
Partners Value Fund- Institutional Class
(06/01/1983)
Large Growth

out of 1247

out of 1107

out of 799

out of 1247
Partners III Opportunity Fund - Investor Class
(06/01/1983)
Long-Short Equity

out of 199

out of 118

out of 33

out of 199
Partners III Opportunity Fund - Institutional Class
(06/01/1983)
Long-Short Equity

out of 199

out of 118

out of 33

out of 199
Hickory Fund
(04/01/1993)
Mid-Cap Blend

out of 382

out of 335

out of 235

out of 382
Balanced Fund
(10/01/2003)
Allocation--30% to 50% Equity

out of 463

out of 367

out of 261

out of 463
Core Plus Income Fund - Investor Class
(07/31/2014)
Intermediate-Term Bond

out of 876
n/a
n/a

out of 876
Core Plus Income Fund- Institutional Class
(07/31/2014)
Intermediate-Term Bond

out of 876
n/a
n/a

out of 876
Short Duration Income Fund - Investor Class
(12/23/1988)
Short-Term Bond

out of 472

out of 405

out of 263

out of 472
Short Duration Income Fund - Institutional Class
(12/23/1988)
Short-Term Bond

out of 472

out of 405

out of 263

out of 472
Nebraska Tax-Free Income Fund
(10/01/1985)
Muni Single State Interm

out of 139

out of 137

out of 116

out of 139
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 12/31/2018

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
1086 / 1405
77
1204 / 1247
96
1080 / 1107
97
743 / 799
91
Value Fund- Institutional Class
(05/09/1986)
Large Growth
1058 / 1405
75
1199 / 1247
96
n/a
n/a
Partners Value Fund - Investor Class
(06/01/1983)
Large Growth
1381 / 1405
99
1241 / 1247
100
1101 / 1107
100
773 / 799
96
Partners Value Fund- Institutional Class
(06/01/1983)
Large Growth
1378 / 1405
98
1240 / 1247
100
n/a
n/a
Partners III Opportunity Fund - Investor Class
(06/01/1983)
Long-Short Equity
129 / 263
50
137 / 199
68
96 / 118
81
n/a
Partners III Opportunity Fund - Institutional Class
(06/01/1983)
Long-Short Equity
118 / 263
47
110 / 199
58
90 / 118
74
3 / 33
10
Hickory Fund
(04/01/1993)
Mid-Cap Blend
333 / 464
77
345 / 382
91
310 / 335
95
167 / 235
74
Balanced Fund
(10/01/2003)
Allocation--30% to 50% Equity
7 / 541
3
107 / 463
27
122 / 367
35
23 / 261
11
Core Plus Income Fund - Investor Class
(07/31/2014)
Intermediate-Term Bond
35 / 1019
4
31 / 876
4
n/a
n/a
Core Plus Income Fund- Institutional Class
(07/31/2014)
Intermediate-Term Bond
27 / 1019
4
27 / 876
4
n/a
n/a
Short Duration Income Fund - Investor Class
(12/23/1988)
Short-Term Bond
206 / 530
47
148 / 472
36
141 / 405
42
n/a
Short Duration Income Fund - Institutional Class
(12/23/1988)
Short-Term Bond
117 / 530
29
106 / 472
25
90 / 405
28
76 / 263
31
Ultra Short Government Fund
(08/01/1991)
Short Government
7 / 104
12
n/a
n/a
n/a
Nebraska Tax-Free Income Fund
(10/01/1985)
Muni Single State Interm
79 / 155
53
123 / 139
91
137 / 137
100
114 / 116
98
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.