Morningstar Ratings & Rankings

  Morningstar Ratings™ as of 4/30/2018

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 1246

out of 1125

out of 802

out of 1246
Value Fund- Institutional Class
(05/09/1986)
Large Growth

out of 1246

out of 1125

out of 802

out of 1246
Partners Value Fund - Investor Class
(06/01/1983)
Large Growth

out of 1246

out of 1125

out of 802

out of 1246
Partners Value Fund- Institutional Class
(06/01/1983)
Large Growth

out of 1246

out of 1125

out of 802

out of 1246
Partners III Opportunity Fund - Investor Class
(06/01/1983)
Long-Short Equity

out of 192

out of 101

out of 28

out of 192
Partners III Opportunity Fund - Institutional Class
(06/01/1983)
Long-Short Equity

out of 192

out of 101

out of 28

out of 192
Hickory Fund
(04/01/1993)
Mid-Cap Blend

out of 363

out of 327

out of 231

out of 363
Core Plus Income Fund - Investor Class
(07/31/2014)
Intermediate-Term Bond

out of 863
n/a
n/a

out of 863
Core Plus Income Fund- Institutional Class
(07/31/2014)
Intermediate-Term Bond

out of 863
n/a
n/a

out of 863
Balanced Fund
(10/01/2003)
Allocation--30% to 50% Equity

out of 419

out of 354

out of 260

out of 419
Short Duration Income Fund - Investor Class
(12/23/1988)
Short-Term Bond

out of 447

out of 386

out of 254

out of 447
Short Duration Income Fund - Institutional Class
(12/23/1988)
Short-Term Bond

out of 447

out of 386

out of 254

out of 447
Nebraska Tax-Free Income Fund
(10/01/1985)
Muni Single State Interm

out of 146

out of 142

out of 120

out of 146
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 4/30/2018

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
1406 / 1429
98
1232 / 1246
98
1113 / 1125
99
722 / 802
89
Value Fund- Institutional Class
(05/09/1986)
Large Growth
1401 / 1429
98
1228 / 1246
98
n/a
n/a
Partners Value Fund - Investor Class
(06/01/1983)
Large Growth
1427 / 1429
100
1237 / 1246
99
1119 / 1125
100
689 / 802
84
Partners Value Fund- Institutional Class
(06/01/1983)
Large Growth
1426 / 1429
100
1236 / 1246
99
n/a
n/a
Partners III Opportunity Fund - Investor Class
(06/01/1983)
Long-Short Equity
261 / 274
96
165 / 192
85
59 / 101
55
n/a
Partners III Opportunity Fund - Institutional Class
(06/01/1983)
Long-Short Equity
258 / 274
95
159 / 192
82
52 / 101
49
4 / 28
13
Hickory Fund
(04/01/1993)
Mid-Cap Blend
445 / 453
99
344 / 363
96
311 / 327
97
162 / 231
73
Core Plus Income Fund - Investor Class
(07/31/2014)
Intermediate-Term Bond
312 / 1000
31
40 / 863
5
n/a
n/a
Core Plus Income Fund- Institutional Class
(07/31/2014)
Intermediate-Term Bond
237 / 1000
23
29 / 863
4
n/a
n/a
Balanced Fund
(10/01/2003)
Allocation--30% to 50% Equity
135 / 518
26
145 / 419
35
78 / 354
24
25 / 260
15
Short Duration Income Fund - Investor Class
(12/23/1988)
Short-Term Bond
323 / 519
71
174 / 447
45
146 / 386
44
n/a
Short Duration Income Fund - Institutional Class
(12/23/1988)
Short-Term Bond
266 / 519
59
124 / 447
33
97 / 386
29
44 / 254
19
Nebraska Tax-Free Income Fund
(10/01/1985)
Muni Single State Interm
145 / 159
92
141 / 146
98
128 / 142
94
118 / 120
99
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.