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, 2016 through June 30, 2017 Company			Mtg	Matter			Who	Mgmt	Vote Symbol/Cusip		Date	Voted On		From	Rec	Cast --------------		----	---------------		----	----	---- Unisys Corp		4/26	Election of Directors 	Co	FOR	FOR UIS 909214306	4/26	Ratify KPMG Acctnts	Co	FOR	FOR 			4/26	Incrs # auth shares	Co	FOR	FOR 			4/26	Apprv Exec Compnsation	Co	FOR	FOR 			4/26	Freq of exec comp	Co	1YR	1YR Gulf Island Fabricat	4/26	Election of Directors 	Co	FOR	FOR GIFI 402307102	4/26	Ratify Appt of Accntnts	Co	FOR	FOR 			4/26	Apprv Exec Compnsation	Co	FOR	FOR 			4/26	Freq of exec comp	Co	1YR	1YR Waddell & Reed Fin	4/27	Election of Directors	Co	FOR	FOR WDR 930059100	4/27	Apprv Exec Compnsation	Co	FOR	FOR 			4/27	Freq of exec comp	Co	1YR	1YR 			4/27	Ratify KPMG Acctnts	Co	FOR	FOR Trinity Industries	5/01	Election of Directors	Co	FOR	FOR TRN 896522109	5/01	Apprv stck & incntv pln	Co	FOR	FOR 			5/01	Freq of exec comp	Co	1YR	1YR 			5/01	Apprv Exec Compnsation	Co	FOR	FOR 			5/01	Ratify Appt of Accntnts	Co	FOR	FOR Arcbest Corp		5/02	Election of Directors	Co	FOR	FOR ARCB 03937C105	5/02	Ratify Ernst&Yng Acctnt Co	FOR	FOR 			5/02	Apprv offcr compnsation Co	FOR	FOR 			5/02	Freq of exec comp	Co	1YR	1YR Cooper Tire & Rubber	5/05	Election of Directors	Co	FOR	FOR CTB 216831107	5/05	Ratify Appt of Accntnts	Co	FOR	FOR 			5/05	Apprv offcr compnsation Co	FOR	FOR 			5/05	Freq of exec comp	Co	1YR	1YR IAMGOLD Corp		5/10	Election of Directors	Co	FOR	FOR IAG 450913108	5/10	Ratify KPMG Acctnts	Co	FOR	FOR 			5/10	Apprv offcr compnsation Co	FOR	FOR Hawaiian Holdings	5/10	Election of Directors	Co	FOR	FOR HA	419879101	5/10	Select Ernst&Yng AccntntCo	FOR	FOR 			5/10	Apprv Exec Compnsation	Co	FOR	FOR 			5/10	Freq of exec comp	Co	1YR	1YR FreightCar America Inc 	5/11	Election of Directors	Co	FOR	FOR RAIL 357023100	5/11	Apprv Exec Compnsation	Co	FOR	FOR 			5/11	Freq of exec comp	Co	1YR	1YR 			5/11	Ratify appt of Deloitte Co	FOR	FOR Marlin Business Servc	5/18	Election of Directors	Co	FOR	FOR MRLN	571157106	5/18	Apprv Exec Compnsation	Co	FOR	FOR 			5/18	Freq of exec comp	Co	1YR	1YR 			5/18	Ratify appt of Deloitte	Co	FOR	FOR 			5/18	Transact Other Business	Co	FOR	FOR The Buckle Inc		5/30	Election of Directors	Co	FOR	FOR BKE 118440106	5/30	Ratify appt of Deloitte Co	FOR	FOR 			5/30	Apprv mgmt incentv pln	Co	FOR	FOR 			5/30	Apprv Exec Compnsation	Co	FOR	FOR 			5/30	Freq of exec comp	Co	3YR	3YR 			5/30	Liability of directors	Co	FOR	FOR 			5/30	Indemnifictn of direct 	Co	FOR	FOR 			5/30	Spcl mtngs of stckhldrs	Co	FOR	FOR Abercrombie & Fitch Co	6/15	Election of Directors	Co	FOR	FOR ANF 002896207	6/15	Freq of exec comp	Co	1YR	1YR 			6/15	Apprv Exec Compnsation	Co	FOR	FOR 			6/15	ST Cash Incntv Comp Pln Co	FOR	FOR 			6/15	LT Cash Incntv Comp Pln	Co	FOR	FOR 			6/15	LT Auth addtl 400k shrs	Co	FOR	FOR 			6/15	LT Auth addtl 1200kshrs	Co	FOR	FOR 			6/15	Apprv PricWatrHousCoopr Co	FOR	FOR Guess? Inc		6/29	Election of Directors	Co	FOR	FOR GES	401617105	6/29	Apprv incentive pln	Co	FOR	FOR 			6/29	Apprv Exec Compnsation	Co	FOR	FOR 			6/29	Freq of exec comp	Co	1YR	1YR 			6/29	Ratify Ernst&Yng Accnt	Co	FOR	FOR 			6/29	Sr Exec Severance 	Co	AGN	AGN Office Depot Inc	7/20	Election of Directors	Co	FOR	FOR ODP 676220106	7/20	Ratify appt of Deloitte Co	FOR	FOR 			7/20	LT incentive plan	Co	FOR	FOR 			7/20	Apprv Exec Compnsation	Co	FOR	FOR 			7/20	Freq of exec comp	Co	1YR	1YR -------------------------------------------------------------------------------- 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: 07/12/17