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, 2013 through June 30, 2014 Company			Mtg	Matter			Who	Mgmt	Vote Symbol/Cusip		Date	Voted On		From	Rec	Cast --------------		----	---------------		----	----	---- Telenav Inc.		12/3	Election of Directors	Co	FOR	FOR TNAV	879455103	12/3	Select Ernst&Yng AccntntCo	FOR	FOR EZCorp Inc.		3/24	Apprv Share increase	Co	FOR	FOR EZPW	302301106	3/24	Apprv Add'l proxies	Co	FOR	FOR The Brink's Co		5/02	Election of Directors	Co	FOR	FOR BCO	109696104	5/02	Apprv offcr compnsation Co	FOR	FOR 			5/02	Apprv KPMG Accting firm	Co	FOR	FOR 			5/02	Elect each Dir annually	Co	AGN	AGN Comstock Resources	5/08	Election of Directors	Co	FOR	FOR CRK	205768203	5/08	Apprv amndmnt to Bylaws	Co	FOR	FOR 			5/08	Ratify Appt of Accntnts	Co	FOR	FOR 			5/08	Apprv Advisory Resolutn	Co	FOR	FOR 			5/08	SH proposal 5		Co	AGN	AGN 			5/08	SH proposal 6		Co	AGN	AGN Coeur Mining		5/13	Election of Directors	Co	FOR	FOR CDE	192108504	5/13	Apprv Exec Compnsation	Co	FOR	FOR 			5/13	Apprv KPMG Accting firm	Co	FOR	FOR Swift Energy		5/20	Election of Directors	Co	FOR	FOR SFY	870738101	5/20	Incr shrs of common stk	Co	FOR	FOR 			5/20	Apprv Exec Compnsation	Co	FOR	FOR 			5/20	Select Ernst&Yng AccntntCo	FOR	FOR Hawaiian Holdings	5/22	Election of Directors	Co	FOR	FOR HA	419879101	5/22	Select Ernst&Yng AccntntCo	FOR	FOR 			5/22	Apprv Exec Compnsation	Co	FOR	FOR Telephone and Data Sys	5/22	Election of Directors	Co	FOR	FOR TDS	879433829	5/22	Ratify Accntnts 2014	Co	FOR	FOR 			5/22	Apprv Perf goals terms	Co	FOR	FOR 			5/22	Apprv Exec Compnsation	Co	FOR	FOR Stone Energy		5/22	Election of Directors	Co	FOR	FOR SGY	861642106	5/22	Select Ernst&Yng AccntntCo	FOR	FOR 			5/22	Apprv Exec Compnsation	Co	FOR	FOR Cooper Tire & Rubber	5/23	Election of Directors	Co	FOR	FOR CTB	216831107	5/23	Ratify Appt of Accntnts	Co	FOR	FOR 			5/23	Incentv Compensation plnCo	FOR	FOR 			5/23	Apprv Exec Compnsation	Co	FOR	FOR American Eagle		5/29	Election of Directors	Co	FOR	FOR AEO	02553E106	5/29	Apprv Exec Compnsation	Co	FOR	FOR 			5/29	Apprv Stk Incentv Pln	Co	FOR	FOR 			5/29	Select Ernst&Yng AccntntCo	FOR	FOR Interdigital		6/12	Election of Directors	Co	FOR	FOR IDC	45867G101	6/12	Apprv Stk Incentv Pln	Co	FOR	FOR 			6/12	Apprv Exec Compnsation	Co	FOR	FOR 			6/12	Apprv PricWatrHousCoopr Co	FOR	FOR Express Inc.		6/12	Election of Directors	Co	FOR	FOR EXPR	30219E103	6/12	Apprv Exec Compnsation	Co	FOR	FOR 			6/12	Apprv PricWatrHousCoopr 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: 07/31/14