Privacy Notice
Financial companies choose how they share your personal information. Federal law gives consumers the right to limit some but not all sharing. Federal law also requires us to tell you how we collect, share, and protect your personal information. Please read this notice carefully to understand what we do.
Personal information we collect.
We may collect personal information about you for the purpose of processing your requests and transactions, maintaining your account and providing high-quality customer service. This information may include your name, home address, telephone number, date of birth, social security number, and other information such as ACH/wire transfer instructions.
How we collect this information.
We may collect this information through a number of means. For example:
- we receive information from you to open an account;
- we generate information to service your account, such as account statements;
- we may receive information from our affiliates or other nonaffiliated third parties with respect to your account, such as trade confirmations with brokerage firms; and
- we may use cookies, relating to your access and use of any of our websites.
How we use this information.
All financial companies need to share customers’ personal information to run their everyday business and we use the personal information we collect from you for our everyday business purposes. These purposes may include opening an account, processing a transaction for your account, and responding to court orders and legal investigations.
Disclosure to others.
We may disclose your personal information to our affiliates and to nonaffiliated third parties that assist us in servicing your account and have a need for such information, as permitted or required by law, or with your authorization. We require nonaffiliated third-party service providers, via written agreement, to protect the confidentiality of your information and to use the information only for the purposes for which we disclose the information to them. These sharing practices are consistent with Federal privacy and related laws, and in general, you may not limit our use of your personal information for these purposes under such laws. We note that the Federal privacy laws only give you the right to limit the certain types of information sharing that we do not engage in.
How we protect your personal information.
We do not sell personal information to anyone. Our internal policies prohibit employees who have access to our customers’ personal information from using or disclosing the information except for business use. All employees are required to sign a confidentiality agreement that requires them to protect your personal information.
Updating Your Personal Information.
We encourage you to review this information and notify us if you believe any information should be updated or corrected.
Business Continuity Statement
Davis Selected Advisers, L.P. (“Davis”) has adopted certain Business Continuity Policies and Procedures (the “Plan”) which are designed to respond to a Significant Business Disruption (“SBD”). The Plan will be updated as necessary and will be reviewed annually.
The Plan addresses how Davis will handle disruptive events of varying scope (e.g., an internal business disruption, an external business disruption, an event during business hours, and an event during non-business hours). The Plan includes backup systems for critical data and operations, as well as for critical employees. The Plan is designed to continue business operations if an SBD should occur.
Davis has offices in multiple U.S. cities. In the event of a disruption to a single building, a single city, or a region, we may allow our Mission Critical staff to perform tasks utilizing remote access via a secure Internet portal or we may move certain staff and operations from the affected office(s) to the closest unaffected office.
In the event of an internal or external SBD, if telephone service is available, our registered persons will take literature requests and answer general fund inquiries.
In the event of a firm-wide disruption or a disruption affecting the securities industry, we will contact our critical counter-parties, such as the Funds’ distributor, transfer agent, custodian and broker-dealers, to make alternative arrangements to complete those transactions as soon as possible. In addition, Davis maintains daily backup for critical systems and data.
While it is Davis’ objective that our recovery time for business resumption is four (4) hours, the recovery objective may be negatively affected by the unavailability of external resources and circumstances beyond our control. While Davis has taken many steps to develop an effective Plan, we cannot guarantee that the systems will always be available or operable after an SBD.
Davis will mail a copy of this Business Continuity Statement upon request to its customers as well as maintain a copy on the fund(s) website.
