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.
