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.
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.
We may collect this information through a number of means. For example:
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.
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.
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.
If you need to correct or update your personal information, please call us at 800.279.0279. One of our investor service representatives will be able to review, correct, or update your personal information.
This privacy notice for California residents (notice) supplements the information contained in the Privacy Notice of Davis Selected Advisers, L.P. and its affiliates (collectively, Davis or us), and applies solely to residents of the State of California (you). We provide this notice to comply with the California Consumer Privacy Act, as modified by the California Privacy Rights Act of 2020 (CCPA) and the regulations issued under it; accordingly, this notice addresses the specific requirements of the CCPA and should be read together with the other Davis privacy notices that apply based on your relationships with us. Any terms defined in the CCPA have the same meaning when used in this notice; that may differ from what those terms mean when we use them in other policies or disclosures.
The CCPA provides specific privacy rights to California residents, including the right to receive a privacy notice and certain rights you may choose to exercise relating to your personal information. Personal information is information that identifies, relates to, describes, is reasonably capable of being associated with, or could reasonably be linked, directly or indirectly, with a particular person or household. Personal information does not include aggregate or deidentified information or publicly available information. This notice does not apply to all personal information we may collect about you. The CA Privacy Laws include certain exemptions that may apply to our collection and processing of your personal information. Therefore, it is possible that not all personal information we collect from or about you is fully covered by the CA Privacy Laws. Accordingly, the CA Privacy Laws privacy rights set out herein may not apply to you or to all of your personal information. For example, the following personal information is not covered by the CA Privacy Laws:
The table below explains the categories of personal information we collect from California residents generally, the sources of that information, the purposes for which we use the information, and the categories of unaffiliated parties to whom we disclose the information for business or commercial purposes. In the chart, we use the term everyday business purposes to encompass the business purposes defined in the CCPA, as well as the following related purposes for which Davis may use personal information:
The personal information we collect includes the following categories of sensitive personal information. Note that the sensitive personal information we collect may vary depending on the nature of your interactions with us and may not include all of the examples listed below. We do not use or disclose sensitive personal information for purposes to which the right to limit use and disclosure applies under the CCPA.
A. Identifiers
A real name, alias, postal address, unique personal identifier, online identifier, Internet Protocol address, email address, account name, Social Security number, driver's license number, passport number, or other similar identifiers.
YES
B. Personal information categories listed in the California Customer Records statute (Cal. Civ. Code § 1798.80(e))
A name, signature, Social Security number, physical characteristics or description, address, telephone number, passport number, driver's license or state identification card number, insurance policy number, education, employment, employment history, bank account number, credit card number, debit card number, or any other financial information, medical information, or health insurance information.
Some personal information included in this category may overlap with other categories.
C. Protected classification characteristics under California or federal law
Age (40 years or older), race, color, ancestry, national origin, citizenship, religion or creed, marital status, medical condition, physical or mental disability, sex (including gender, gender identity, gender expression, pregnancy or childbirth and related medical conditions), sexual orientation, veteran or military status, genetic information (including familial genetic information).
D. Commercial information
Records of personal property, products or services purchased, obtained, or considered, or other purchasing or consuming histories or tendencies.
E. Biometric information
Genetic, physiological, behavioral, and biological characteristics, or activity patterns used to extract a template or other identifier or identifying information, such as, fingerprints, faceprints, and voiceprints, iris or retina scans, keystroke, gait, or other physical patterns, and sleep, health, or exercise data.
NO
F. Internet or other similar network activity
Browsing history, search history, information on a consumer's interaction with a website, application, or advertisement.
G. Geolocation data
Physical location or movements.
H. Sensory data
Audio, electronic, visual, thermal, olfactory, or similar information.
I. Professional or employment-related information
Current or past job history or performance evaluations.
J. Non-public education information (per the Family Educational Rights and Privacy Act (20 U.S.C. Section 1232g, 34 C.F.R. Part 99))
Education records directly related to a student maintained by an educational institution or party acting on its behalf, such as grades, transcripts, class lists, student schedules, student identification codes, student financial information, or student disciplinary records.
K. Inferences drawn from other personal information
Profile reflecting a person's preferences, characteristics, psychological trends, predispositions, behavior, attitudes, intelligence, abilities, and aptitudes.
We obtain the categories of personal information listed above from the following categories of sources:
We may disclose your personal information to a third party for a business purpose. When doing so, we enter into a contract with the third party describing the purpose of such disclosure and requiring that such personal information be kept confidential and not used for any purpose except to perform the services contracted or respond to bona fide regulatory or law enforcement requests.
In the preceding twelve (12) months, we have not sold any personal information.
We keep the categories of Personal Information described above for as long as necessary or permitted for the purposes described in this Notice or otherwise authorized by law. This generally means holding the information for as long as one of the following apply:
Where personal information is used for more than one purpose, we will retain it until the purpose with the latest period expires. For more information about our retention policies, please contact us using the contact information on our page.
If you are a resident of California, you have the right to submit certain requests relating to your personal information as described below. In some circumstances, Davis may be a service provider to other businesses, and is not the proper party to respond directly to your privacy rights requests. If you are a retirement plan participant who would like to make a CCPA request, please submit your request directly to the Plan Sponsor using one of the methods it has designated for submitting such requests. Regardless of your relationship with us, Davis’s website and/or mobile app offer additional options for viewing, accessing, and updating your personal information.
You have the right to request that we disclose certain information to you about our collection and use of your personal information. Once we receive and confirm your verifiable request, we will disclose the following to you (unless an exception applies):
You have the right to request that we delete personal information we collected from you, subject to certain exceptions.
If you believe that personal information we maintain about you is inaccurate, you have the right to request that we correct that information.
If you choose to exercise any of your privacy rights under the CCPA, you also have the right not to receive discriminatory treatment by us.
If you are a California resident, you may exercise the rights described above by submitting a verifiable request to us by either:
Emailing us at one of the applicable email addresses listed below:
Calling us at one of the applicable phone numbers listed below::
If you have an account with us, please have your account information available when you call or log in to our secure website to facilitate verification for requests to know, requests to correct, and requests to delete. If you do not have an account or are unable to log in, you will be asked to provide 2-3 pieces of personal information that we will match against our records to verify your identity.
You may designate an authorized agent to make a request on your behalf; however, you will still need to verify your identity directly with us before your request can be processed. An authorized agent may submit a request on your behalf using the webform or toll-free number listed above.
We reserve the right to amend this notice at our discretion and at any time.
If you have any questions relating to this notice or how we handle your personal information, please email us or call us at the information listed in Section 9 of this notice.
Davis Distributors, LLC (Davis), a registered broker-dealer, is a wholly owned subsidiary of Davis Selected Advisers, L.P. (“Davis Advisors”). Davis’ sole activity is to underwrite and distribute shares of registered investment companies and offshore funds that Davis Advisors advises. Davis Distributors, LLC provides underwriting services for Davis Funds, Selected Funds, and Clipper Fund.
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 Selected Advisers, L.P., the parent company of 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 customer orders or instructions and contact our transfer agent on their behalf, and if our Web access is available, our firm will post on the fund(s) website that customers may access their funds and securities by contacting us at one of our office locations.
In the event of a firm-wide disruption or a disruption affecting the securities industry, we will contact our critical counter-parties, such as our transfer agent, custodian and other 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. Please contact your fund representative if you have any further questions regarding our Plan or for the most current copy of Davis’ Business Continuity Statement.
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