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, 2018 through June 30, 2019 Company			Mtg	Matter			Who	Mgmt	Vote Symbol/Cusip		Date	Voted On		From	Rec	Cast --------------		----	---------------		----	----	---- Tile Shop Holdings Inc. 7/10	Election of Directors 	Co	FOR	FOR TSS	88677Q109	7/10	Ratify Ernst&Yng Acctnt Co	FOR	FOR 			7/10	Apprv Exec Compnsation	Co	FOR	FOR Universal Corp.		8/02	Election of Directors 	Co	FOR	FOR UVV	913456109	8/02	Apprv Exec Compnsation	Co	FOR	FOR 			8/02	Ratify Ernst&Yng Acctnt Co	FOR	FOR Cirrus Logic Inc.	8/03	Election of Directors 	Co	FOR	FOR CRUS	172755100	8/03	Ratify Ernst&Yng Acctnt Co	FOR	FOR 			8/03	Apprv Exec Compnsation	Co	FOR	FOR 			8/03	Apprvl LngTerm Incnt Pl	Co	FOR	FOR Synchronoss Tech Inc	8/27	Election of Directors 	Co	FOR	FOR SNCR	87157B103	8/27	Ratify Ernst&Yng Acctnt Co	FOR	FOR 			8/27	Apprv Exec Compnsation	Co	FOR	FOR 			8/27	Incrs Stck Purch Pln	Co	FOR	FOR Patterson Companies	9/17	Election of Directors 	Co	FOR	FOR PDCO	703395103	9/17	Apprvl Omnibus Incn Pl	Co	FOR	FOR 			9/17	Apprv Exec Compnsation	Co	FOR	FOR 			9/17	Ratify Ernst&Yng Acctnt Co	FOR	FOR Schnitzer Steel Ind	12/03	Election of Directors 	Co	FOR	FOR SCHN	806882106	12/03	Apprv Exec Compnsation	Co	FOR	FOR 			12/03	Ratify Appt of Accntnts	Co	FOR	FOR Rowan Companies Plc	1/23	Apprv Exec Compnsation	Co	FOR	FOR RDC	G7665A101	1/23	Prspsl Scheme & Artcl	Co	FOR	FOR Sanderson Farms Inc	2/14	Election of Directors 	Co	FOR	FOR SAFM	800013104	2/14	Apprv Exec Compnsation	Co	FOR	FOR 			2/14	Ratify Ernst&Yng Acctnt Co	FOR	FOR LSC Communications 	2/22	Adpt Merger Pln		Co	FOR	FOR LKSD	50218P107	2/22	Apprv Exec Compnsation	Co	FOR	FOR 			2/22	Adjrn Spc Meetng	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: 07/12/17