This privacy policy applies to the Oak Value Fund ("Fund" or "we"). The Fund recognizes the importance of protecting your nonpublic personal information ("personal information") and is committed to maintaining the privacy and confidentiality of that information. We may change this privacy policy at any time on notice to you.

What types of personal information do we collect from you?

We may collect personal information about you from a variety of sources. When you sign up for our e-mail list or contact us through the Fund's web site, we will ask you to provide us with your name, phone number and e-mail address. In addition, we will request that you indicate whether you are a current or prospective shareholder of the Fund. When you request a new account kit through the Fund's web site, we will also ask you for your mailing address. This personal information will be added to our mailing list enabling you to receive future paper and/or electronic communications about the Fund. If you do not wish to receive these communications, you will have an opportunity to decline this option on the request new account kit form under "special requests." We do not use "cookies" to identify or track users of the Fund's web site.

We may collect additional personal information that we receive from you such as information provided on applications, information that you supply to us during the account opening process or after you become a shareholder and any correspondence or communications that you have with the Fund or its service providers. We also will have access to information about your account history, including your transactions and account balances.

How does the Fund use the personal information that it collects and with whom does it share information?

The Fund does not sell personal information that is collected from customers. We use all of the personal information that we collect (as described above) to provide you with the products and services that you request and to fulfill legal and regulatory requirements. We may share your personal information with affiliated and unaffiliated third parties that provide services to, or on behalf of, the Fund, including third parties that assist us in servicing your account and offering and providing various products and services to you. The Fund may, among other things, disclose or report personal information in certain circumstances where we believe disclosure is required under law, to cooperate with regulators or law enforcement authorities and to protect our rights or property. We also may share personal information with your designated agent or other parties that you authorize. The Fund does not disclose any personal information about customers or former customers to anyone, except as permitted by law.

Although we do not currently have any arrangements in place, the Fund reserves the right to disclose all of the personal information that we collect (as described above) to other financial institutions with whom we may, from time to time, establish joint marketing arrangements. Any such joint marketer will be required to agree to maintain the confidentiality of your personal information.

Nothing in this privacy policy is intended to interfere with the ability of the Fund to transfer all or part of its business and/or assets to an affiliated or unaffiliated third party at any time, for any purpose, without any limitation whatsoever.

How is my personal information protected?

We will limit access to your personal information to those persons that need the information to service your account or to offer and provide products and services to you and the Fund. The Fund maintains physical, electronic, and procedural safeguards that comply with federal standards to guard your personal information.

Who should I contact if I want more information about this privacy policy?

Please let us know if we can answer any questions you may have regarding our privacy policy. You may contact us via e-mail at info@oakvalue.com or by telephone at (800) 680-4199.