Morningstar Ratings & Rankings

  Morningstar Ratings™ as of 10/31/2018

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 1253

out of 1120

out of 811

out of 1253
Value Fund- Institutional Class
(05/09/1986)
Large Growth

out of 1253

out of 1120

out of 811

out of 1253
Partners Value Fund - Investor Class
(06/01/1983)
Large Growth

out of 1253

out of 1120

out of 811

out of 1253
Partners Value Fund- Institutional Class
(06/01/1983)
Large Growth

out of 1253

out of 1120

out of 811

out of 1253
Partners III Opportunity Fund - Investor Class
(06/01/1983)
Long-Short Equity

out of 194

out of 105

out of 29

out of 194
Partners III Opportunity Fund - Institutional Class
(06/01/1983)
Long-Short Equity

out of 194

out of 105

out of 29

out of 194
Hickory Fund
(04/01/1993)
Mid-Cap Blend

out of 382

out of 341

out of 241

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

out of 460

out of 368

out of 261

out of 460
Core Plus Income Fund - Investor Class
(07/31/2014)
Intermediate-Term Bond

out of 887
n/a
n/a

out of 887
Core Plus Income Fund- Institutional Class
(07/31/2014)
Intermediate-Term Bond

out of 887
n/a
n/a

out of 887
Short Duration Income Fund - Investor Class
(12/23/1988)
Short-Term Bond

out of 472

out of 399

out of 260

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

out of 472

out of 399

out of 260

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

out of 138

out of 137

out of 115

out of 138
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 10/31/2018

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
1168 / 1427
81
1218 / 1253
97
1096 / 1120
97
745 / 811
91
Value Fund- Institutional Class
(05/09/1986)
Large Growth
1131 / 1427
78
1212 / 1253
96
n/a
n/a
Partners Value Fund - Investor Class
(06/01/1983)
Large Growth
1404 / 1427
99
1252 / 1253
100
1114 / 1120
100
764 / 811
93
Partners Value Fund- Institutional Class
(06/01/1983)
Large Growth
1399 / 1427
98
1250 / 1253
100
n/a
n/a
Partners III Opportunity Fund - Investor Class
(06/01/1983)
Long-Short Equity
108 / 266
45
122 / 194
64
70 / 105
67
n/a
Partners III Opportunity Fund - Institutional Class
(06/01/1983)
Long-Short Equity
94 / 266
42
101 / 194
55
66 / 105
61
2 / 29
7
Hickory Fund
(04/01/1993)
Mid-Cap Blend
436 / 465
94
343 / 382
90
322 / 341
96
174 / 241
75
Balanced Fund
(10/01/2003)
Allocation--30% to 50% Equity
19 / 532
5
75 / 460
18
89 / 368
22
26 / 261
12
Core Plus Income Fund - Investor Class
(07/31/2014)
Intermediate-Term Bond
40 / 1027
5
43 / 887
6
n/a
n/a
Core Plus Income Fund- Institutional Class
(07/31/2014)
Intermediate-Term Bond
31 / 1027
4
32 / 887
4
n/a
n/a
Short Duration Income Fund - Investor Class
(12/23/1988)
Short-Term Bond
238 / 536
49
176 / 472
42
134 / 399
41
n/a
Short Duration Income Fund - Institutional Class
(12/23/1988)
Short-Term Bond
187 / 536
39
126 / 472
30
90 / 399
26
54 / 260
21
Nebraska Tax-Free Income Fund
(10/01/1985)
Muni Single State Interm
97 / 151
69
126 / 138
94
136 / 137
100
113 / 115
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.