This privacy policy applies to Oak Value Capital Management, Inc. and the Oak Value Fund (together, "Oak Value" or "we"). Oak Value 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?

When you open a separately managed account or an account with the Oak Value Fund and become a client or shareholder, we may collect personal information that we receive from you such as information that you supply to us during the account opening process or after you become a client or shareholder and any correspondence or communications that you have with Oak Value or its service providers. We also will have access to information about the services that Oak Value provides to you, including your account history, securities positions, account balances and transactions, as applicable.

When you contact us through the oakvalue.com or oakvaluefund.com web sites or sign up to be included on our mailing list, we will ask you to provide us with your contact information. In addition, we may request that you indicate the nature of your current or prospective relationship with Oak Value. This contact information will be added to our mailing list enabling you to receive future paper and/or electronic communications about the various products and services, including separate accounts and mutual funds, offered by Oak Value. If you do not wish to receive these communications, you will have an opportunity to decline this option on the "Contact Us" page. We will provide you with a frequent and convenient method to discontinue receiving communications from Oak Value at your discretion via an "unsubscribe" option on the "Mailing List" page. This option will also be attached to our periodic e-mail communications. We do not use "cookies" to identify or track users of the Oak Value web sites.

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

Oak Value 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 Oak Value, including third parties that assist us in servicing your account and offering and providing various products and services to you. Oak Value 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. Oak Value does not disclose any personal information about customers or former customers to anyone, except as permitted by law.

Nothing in this privacy policy is intended to interfere with the ability of Oak Value to transfer all or part of its business and/or assets to an affiliate 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 Oak Value. Oak Value 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.