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, 2017 through June 30, 2018 Company			Mtg	Matter			Who	Mgmt	Vote Symbol/Cusip		Date	Voted On		From	Rec	Cast --------------		----	---------------		----	----	---- Superior Industries	8/30	Prpsl Equity Rights	Co	FOR	FOR SUP 868168105	8/30	Prpsl Adjorn Spec Mtgs	Co	FOR	FOR Myriad Genetics Inc	10/4	Election of Directors 	Co	FOR	FOR MYGN 62855J104	10/4	Apprv Equity Incent Pl	Co	FOR	FOR 			10/4	Apprv Exec Incent Pl	Co	FOR	FOR 			10/4	Ratify Ernst&Yng Acctnt Co	FOR	FOR 			10/4	Apprv Exec Compnsation	Co	FOR	FOR 			10/4	Freq of exec comp	Co	1YR	1YR Unisys Corp		4/26	Election of Directors 	Co	FOR	FOR UIS 909214306	4/26	Ratify KPMG Acctnts	Co	FOR	FOR 			4/26	Apprv Exec Compnsation	Co	FOR	FOR Waddell & Reed Fin	4/26	Election of Directors	Co	FOR	FOR WDR 930059100	4/26	Apprv Exec Compnsation	Co	FOR	FOR 			4/26	Ratify KPMG Acctnts	Co	FOR	FOR Tahoe Resources Inc	5/03	Election of Directors	Co	FOR	FOR TAHO	873868103	5/03	Ratify appt of Deloitte Co	FOR	FOR 			5/03	Apprv Exec Compnsation	Co	FOR	FOR 			5/03	Apprv Incentive Plan	Co	FOR	FOR 			5/03	Apprv perf share award Co	FOR	FOR 			5/03	Amnd incrs quorum mtgs	Co	FOR	FOR 			5/03	Amnd delete provisions	Co	FOR	FOR Cooper Tire & Rubber	5/04	Election of Directors	Co	FOR	FOR CTB 216831107	5/04	Ratify Appt of Accntnts	Co	FOR	FOR 			5/04	Apprv offcr compnsation Co	FOR	FOR Office Depot Inc	5/04	Election of Directors	Co	FOR	FOR ODP 676220106	5/04	Ratify appt of Deloitte Co	FOR	FOR 			5/04	Apprv Exec Compnsation	Co	FOR	FOR Superior Industries	5/07	Election of Directors	Co	FOR	FOR SUP 868168105	5/07	Apprv Exec Compnsation	Co	FOR	FOR 			5/07	Appr Equity Incent Pln	Co	FOR	FOR 			5/07	Ratify appt of Deloitte Co	FOR	FOR 			5/07	Apprv Annual Mtg postpn	Co	FOR	FOR IAMGOLD Corp		5/08	Election of Directors	Co	FOR	FOR IAG 450913108	5/08	Ratify KPMG Acctnts	Co	FOR	FOR 			5/08	Apprv offcr compnsation Co	FOR	FOR 			5/08	Apprv Incentive Plan	Co	FOR	FOR Green Plans Inc		5/09	Election of Directors	Co	FOR	FOR GPRE	393222104	5/09	Apprv Exec Compnsation	Co	FOR	FOR Del Taco Restaurants	5/17	Election of Directors	Co	FOR	FOR 			5/17	Ratify Ernst&Yng Acctnt Co	FOR	FOR Hawaiian Holdings	5/23	Election of Directors	Co	FOR	FOR HA	419879101	5/23	Ratify Ernst&Yng Acctnt Co	FOR	FOR 			5/23	Apprv Exec Compnsation	Co	FOR	FOR Forterra Inc		5/24	Election of Directors 	Co	FOR	FOR FRTA 	34960W106	5/24	Ratify Ernst&Yng Acctnt Co	FOR	FOR 			5/24	Apprv Exec Compnsation	Co	FOR	FOR 			5/24	Apprv 2018 Stck Incent	Co	FOR	FOR Rowan Companies Plc	5/24	Election of Directors 	Co	FOR	FOR RDC	G7665A101	5/24	Apprv Exec Compnsation	Co	FOR	FOR 			5/24	Apprv Advisory Resolut	Co	FOR	FOR 			5/24	Recv Annual Rpt & Accts	Co	FOR	FOR 			5/24	Ratify appt of Deloitte Co	FOR	FOR 			5/24	Re-appt Deloitte auditorCo	FOR	FOR 			5/24	Authorize Audit Commtte Co	FOR	FOR 			5/24	Apprv repurch contrcts	Co	FOR	FOR 			5/24	Act excers to allot shr Co	FOR	FOR 			5/24	Allot securites for csh Co	FOR	FOR 			5/24	Auth spcl resolution	Co	FOR	FOR Interdigital Inc	5/31	Election of Directors	Co	FOR	FOR IDCC	45867G101	5/31	Apprv offcr compnsation Co	FOR	FOR 			5/31	Ratify Pricewater acctntCo	FOR	FOR The Buckle Inc		6/01	Election of Directors	Co	FOR	FOR BKE 118440106	6/01	Ratify appt of Deloitte Co	FOR	FOR 			6/01	Apprv mgmt incentv pln	Co	FOR	FOR 			6/01	Rstatd 2005 Restct Stck	Co	FOR	FOR 			6/01	Freq of exec comp	Co	3YR	3YR 			6/01	Liability of directors	Co	FOR	FOR 			6/01	Indemnifictn of direct 	Co	FOR	FOR 			6/01	Spcl mtngs of stckhldrs	Co	FOR	FOR Big 5 Sporting Goods	6/08	Election of Directors	Co	FOR	FOR BGFV	08915P101	6/08	Apprv Exec Compnsation	Co	FOR	FOR 			6/08	Ratify appt of Deloitte Co	FOR	FOR Epress Inc		6/13	Election of Directors	Co	FOR	FOR EXPR	30219E103	6/13	Apprv Exec Compnsation	Co	FOR	FOR 			6/13	Ratify Pricewater acctntCo	FOR	FOR 			6/13	Apprv Incent Comp Plan	Co	FOR	FOR Acacia Research Corp	6/14	Election of Directors	Co	FOR	FOR ACIA	003881307	6/14	Ratify GrantThorton act	Co	FOR	FOR 			6/14	Apprv Exec Compnsation	Co	FOR	FOR 			6/14	Apprv Stck Incent Plan	Co	FOR	FOR Abercrombie & Fitch Co	6/14	Election of Directors	Co	FOR	FOR ANF 002896207	6/14	Apprv Exec Compnsation	Co	FOR	FOR 			6/14	Apprv Lt Incent Plan Co	FOR	FOR 			6/14	Apprv PricWatrHousCoopr Co	FOR	FOR 			6/14	Prpsl Sr vesting Equity Co	AGN	AGN Selecta Biosciences	6/15	Election of Directors	Co	FOR	FOR SELB	816212104	6/15	Ratify Ernst&Yng Acctnt Co	FOR	FOR Pier 1 Imports		6/26	Election of Directors 	Co	FOR	FOR PIR	720279108	6/26	Apprv Exec Compnsation	Co	FOR	FOR 			6/26	Ratify Ernst&Yng Acctnt Co	FOR	FOR GameStop Corp		6/26	Election of Directors	Co	FOR	FOR GME	36467W109	6/26	Apprv Exec Compnsation	Co	FOR	FOR 			6/26	Ratify appt of Deloitte 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: 07/18/18