UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington DC 20549 FORM N-PX ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT INVESTMENT COMPANIES Investment Company Act file number:			811-21782 Name of registrant:		Small Cap Value Fund Address:			8150 N. Central Expwy #M1120, Dallas, Texas 75206 Agent for service:		Laura S. Adams (same address) Registrants phone number:	214-360-7410 Date of fiscal year end:	December 31 Reporting period:		June 30, 2012 through June 30, 2013 Company			Mtg	Matter			Who	Mgmt	Vote Symbol/Cusip		Date	Voted On		From	Rec	Cast --------------		----	---------------		----	----	---- Devry Inc.		11/7	Election Of Directors	Co	FOR	FOR DV	251893103	11/7	Selectn PWHC Acct Firm	Co	FOR	FOR 			11/7	Apprv Declassify BOD	Co	FOR	FOR 			11/7	Advsry Vote of Officrs	Co	FOR	FOR Brink's			5/3	Election of Directors	Co	FOR	FOR BCO	109696104	5/3	Apprv Officer Compnstn Co	FOR	FOR 			5/3	Apprv 2013 Eqty Incntv	Co 	FOR	FOR 			5/3	Apprv KPMG Acctng Firm Co	FOR	FOR Cooper Tire Rubber	5/10	Election of Directors	Co	FOR	FOR CTB	216831107	5/10	Ratify Pub Acctant '13	Co	FOR	FOR Bill Barrett		5/10	Election of Directors	Co	FOR	FOR BBG	06846N104	5/10	Apprv "Say on Pay"	Co	FOR	FOR 			5/10	Appt Deloitte Acct Fm	Co	FOR	FOR Blyth, Inc.		5/14	Election of Directors	Co	FOR	FOR BTH	09643P207	5/14	Apprv Exec Compnsation Co	FOR	FOR 			5/14	Apprv 2nd Amndmnt pln	Co	FOR	FOR 			5/14	Appt Indepndnt Auditors Co	FOR	FOR Freightcar America	5/17	Election of Directors	Co	FOR	FOR RAIL	357023100	5/17	Apprv Exec Compnsation Co	FOR	FOR 			5/17	Apprv '05 LT Incntv Pln	Co	FOR	FOR 			5/17	Appt Deloitte Acct Fm	Co	FOR	FOR Swift Energy		5/21	Election of Directors	Co	FOR	FOR SFY	870738101	5/21	Apprv 2nd Amndmnt '05	Co	FOR	FOR 			5/21	Advsry Vote Exec Offcrs Co	FOR	FOR 			5/21	Select Ernst&Yng Auditr Co	FOR	FOR PDL Biopharma		5/21	Election of Directors	Co	FOR	FOR PDLI	69329Y104	5/21	Select Ernst&Yng Auditr Co	FOR	FOR 			5/21	Apprv Commn Share Captl Co	FOR	FOR 			5/21	Apprv Exec Compnsation Co	FOR	FOR Arkansas Best		5/21	Election of Directors	Co	FOR	FOR ABFS	040790107	5/21	Apprv Exec Compnsation Co	FOR	FOR Stone Energy		5/23	Election of Directors	Co	FOR	FOR SGY	861642106	5/23	Select Ernst&Yng Auditr Co	FOR	FOR 			5/23	Apprv Exec Compnsation Co	FOR	FOR Patterson UTI Energy	6/5	Election of Directors	Co	FOR	FOR PTEN	703481101	6/5	Apprv Exec Compnsation Co	FOR	FOR 			6/5	Selectn PWHC Acct Firm	Co	FOR	FOR Skullcandy Inc.		6/13	Election of Directors	Co	FOR	FOR SKUL	83083J104	6/13	Select Ernst&Yng Auditr Co	FOR	FOR 			6/13	Apprv "Say on Pay"	Co	FOR	FOR 			6/13	Apprv Option Exchange	Co	FOR	FOR Gamestop		6/25	Election of Directors	Co	FOR	FOR GME	36467W109	6/25	Apprv Exec Compnsation Co	FOR	FOR 			6/25	Apprv 2nd Amndmnt BOD	Co	FOR	FOR 			6/25	Apprv 2011 Incntv Plan	Co	FOR	FOR -------------------------------------------------------------------------------- SIGNATURES Pursuant to the requirements of the Investment Company Act of 1940 Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. (Registrant) SMALL CAP VALUE FUND Signature and Title By: /s/ Laura S. Adams President Date: 07/11/13