FORM N-Q SECURITIES AND EXCHANGE COMMISSION

Transcription

SECURITIES AND EXCHANGE COMMISSION
FORM N-Q
Quarterly schedule of portfolio holdings of registered management investment company filed
on Form N-Q
Filing Date: 2014-10-20 | Period of Report: 2014-09-30
SEC Accession No. 0001330833-14-000023
(HTML Version on secdatabase.com)
FILER
Small Cap Value Fund, Inc.
CIK:1330833| IRS No.: 000000000 | State of Incorp.:TX | Fiscal Year End: 1231
Type: N-Q | Act: 40 | File No.: 811-21782 | Film No.: 141163405
Mailing Address
8150 N. CENTRAL
EXPRESSWAY SUITE 101
DALLAS TX 75206
Copyright © 2014 www.secdatabase.com. All Rights Reserved.
Please Consider the Environment Before Printing This Document
Business Address
8150 N. CENTRAL
EXPRESSWAY SUITE 101
DALLAS TX 75206
214-360-7410
FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT
INVESTMENT COMPANY
Investment Company Act File Number
811-21782
Exact Name of registrant as
Specified in charter
Address of principal executive office
8150 N. Central Expwy
Suite #M1120
Dallas, Texas 75206
Name and address of agent for service
Laura S. Adams
8150 N. Central Expwy
Suite #M1120
Dallas, Texas 75206
Registrants telephone number, inc. area code 214-360-7418
Date of fiscal year end:
12/31
Date of reporting period:
9/30/2014
Item 1.
Schedule of Investments
SMALL CAP VALUE FUND, INC.
SCHEDULE OF INVESTMENTS (Unaudited)
SEPTEMBER 30, 2014
DESCRIPTION
-----------
SHARES
------
FAIR VALUE
------------
COMMON STOCKS ? 88.39%
Freight Transportation Arrangement-4.96%
Brink?s Co.
43,074
Gold/Siver Ore-2.80%
Coeur Mining Inc.
1,035,499
117,955
Crude Petroleum and Natural Gas-13.35%
Stone Energy Corp. (a)
Swift Energy Co. (a)
Vaalco Energy Inc. (a)
Fabricated Rubber Products-8.44%
Cooper Tire & Rubber
15,179
72,945
189,283
585,057
476,013
700,272
1,608,906
-------2,785,191
61,403
Retail-7.84%
EZ Corp. (a)
1,762,266
165,120
Air Transportation, Scheduled-8.83%
Hawaiian Holdings Inc. (a)
Skywest Inc.
1,636,339
86,690
87,015
1,165,980
Gold Ore Mining-4.78%
IAMGOLD (a)
676,977
-------1,842,957
361,387
Apparel and Accessory Stores-14.34%
Tilly?s Inc. (a)
Express Inc. (a)
Equipment Rental and Leasing-4.61%
Marlin Business Services Corp
997,428
129,870
129,120
976,623
2,015,563
-------2,992,186
52,493
961,672
-
Continued ?
SCHEDULE OF INVESTMENTS, continued
SEPTEMBER 30, 2014
DESCRIPTION
-----------
SHARES
------
FAIR VALUE
-----------
Colleges, Universities & Prof Schools-2.32%
ITT Educational Services (a)
112,641
483,230
Misc. Shopping Goods Stores-3.64%
Big 5 Sporting Goods (a)
81,000
758,970
Oil & Gas Field Exploration Services-3.80%
Dawson Geophysical
43,638
793,339
314,097
691,013
81,500
1,120,625
--------
Drilling Oil & Gas Wells-3.31%
Hercules Offshore (a)
Business Services-5.37%
Liquidity Services (a)
Total common stocks (cost $21,315,790)
$
18,445,772
-
Continued ?
SCHEDULE OF INVESTMENTS, continued
SEPTEMBER 30, 2014
SHORT-TERM INVESTMENTS ? 11.68%
Schwab Money Market Fund-current interest
at 0.00%
SHARES
------
Total short-term investments (cost $ 2,437,533)
2,437,533 $ 2,437,533
-------2,437,533
--------
Total investment securities ? 100.07% (cost $23,753,323)
Other assets less liabilities ? (0.07)%
Net assets ? 100.00%
FAIR VALUE
---------
20,883,305
(14,453)
--------
$
20,868,852
============
(a) Presently non-income producing
The Fund adopted Financial Accounting Standards Board Statement of
Financial Accounting Standards No. 157, Fair Value Measurements (FAS
157). In accordance with FAS 157, fair value is defined as the price
that the Fund would receive to sell an asset or pay to transfer a
liability in an orderly transaction between market participants at the
measurement date. FAS 157 also establishes a framework for measuring
fair value, and a three-level hierarchy for fair value measurements
based upon the transparency of inputs to the valuation of an asset or
liability. Inputs may be observable or unobservable and refer broadly
to the assumptions that market participants would use in pricing the
asset or liability. Observable inputs reflect the assumptions market
participants would use in pricing the asset or liability based on
market data obtained from sources independent of the Fund. Unobservable
inputs reflect the Fund's own assumptions about the assumptions that
market participants would use in pricing the asset or liability
developed based on the best information available in the circumstances.
Each investment is assigned a level based upon the observability of the
inputs which are significant to the overall valuation. The three-tier
hierarchy of inputs is summarized below.
Level 1 - quoted prices in active markets for identical investments.
Level 2 - other significant observable inputs (including quoted prices
for similar investments, interest rates, prepayment speeds, credit
risk, etc.)
Level 3 - significant unobservable inputs (including the Fund's own
assumptions in determining the fair value of investments)
The following table summarizes the valuation of the Fund's investments
by the above fair value hierarchy levels as of September 30, 2014:
Level
----Level 1
Level 2
Level 3
Total
Investments
in
Securities
---------$20,883,315
0
0
----------$20,883,315
===========
Other
Financial
Instruments *
----------$
0
0
0
-----------$
0
============
* Other financial instruments are derivative instruments not reflected
in the Portfolio of Investments, such as futures forwards and swap
contracts, which are valued at the unrealized appreciation /
depreciation on the instrument.
THIS IS AN UNAUDITED STATEMENT
See accompanying notes to these financial statements.
NOTES TO FINANCIAL STATEMENTS
Investment Transactions ? Purchases and Sales of investment securities
(excluding money market funds) for the nine months ended September 30,
2014 were $19,998,599 and $10,860,721, respectively. At the end of the
period, net unrealized depreciation for Federal Income tax purposes
aggregated ($2,870,018), of which $1,642,372 related to unrealized
appreciation of securities and ($4,512,390) related to unrealized
depreciation of securities. The cost of investments at September 30,
2014 for Federal Income tax purposes was $21,315,790, excluding short
term investments.
Item 2.
Controls and Procedures
a)
Laura S. Adams is the President and Treasurer of the Fund and has
concluded that the Registrant?s disclosure controls and
procedures(as defined in Rule 30a-3(c) under the Investment
Company Act of 1940 are effective as of a date within 90 days of
the filing date of this report that includes the disclosure
required by this paragraph, based on the evaluation of these
controls and procedures required by Rule 30a-3(b) under the
Investment Company Act of 1940 and Rules 15d-15(b) under the
Securities Exchange Act of 1934, as amended.
b)
There were no changes in the Registrant?s internal control over
financial reporting (as defined in Rule 30a-3(d) under the
Investment Company Act of 1940 that occurred during the
Registrant?s last fiscal half-year that has materially affected,
or is reasonably likely to material affect, the Registrant?s
internal control over financial reporting.
Item 3.
Exhibits
Separate certifications for each principal executive officer and
principal financial officer of the registrant as required by Rule 30a2(a) under the Investment Company act of 1940 are filed herewith.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and
the Investment Company Act of 1940, the registrant has duly caused this
report to be signed on its behalf by the undersigned, thereunto duly
authorized.
By /s/ Laura S. Adams
------------------------Laura S. Adams
President
Date:
10/20/2014
Pursuant to the requirements of the Securities Exchange Act of 1934 and
the Investment Company Act of 1940, the registrant has duly caused this
report to be signed on its behalf by the undersigned, thereunto duly
authorized.
By /s/ Laura S. Adams
------------------------Laura S. Adams
Treasurer
Date:
10/20/2014
CERTIFICATION
I, Laura S. Adams, certify that:
1. I have reviewed this report on Form N-Q of Small Cap Value Fund, Inc.
2. Based on my knowledge, this report does not contain any untrue
statement of a material fact or omit to state a material fact
necessary to make the statements made, in light of the
circumstances under which such statements were made, not misleading
with respect to the period covered by this report;
3. Based on my knowledge, the schedule of investments included in
this report fairly present in all material respects the investments
of the registrant as of the end of the fiscal quarter for which the
report is filed;
4. I am responsible for establishing and maintaining disclosure
controls and procedures(as defined in Rule 30a-2(c) under the
Investment Company Act of 1940) and internal control over financial
reporting(as defined in Rule 30a-3(d) under the Investment Company
act of 1940) for the registrant and have:
a) Designed such disclosure controls and procedures, or caused
such disclosure controls and procedures to be designed under my
supervision, to ensure that material information relating to
the registrant, including its consolidated subsidiaries, is
made known to me by others within those entities, particularly
during the period which this report is being prepared;
b) Designed such internal control over financial reporting, or
caused such internal control over financial reporting to be
designed under my supervision, to provide reasonable assurance
regarding the reliability of financial reporting and the
preparation of financial statements for external purposes in
accordance with generally accepted accounting principles;
c) Evaluated the effectiveness of the registrant's disclosure
controls and procedures and resented in this report my
conclusion about the effectiveness of the disclosure controls
and procedures, as of a date within 90 days prior to the filing
of this report, based on such evaluation; and
d) Disclosed in this report any change in the registrant's
internal control over financial reporting that occurred during
the registrant's most resent fiscal quarter that has materially
affected, or is reasonably likely to material affect, the
registrant's internal control over financial reporting; and
5. I have disclosed to the registrant's auditors or persons
performingthe equivalent functions:
a) All significant deficiencies and material weaknesses in the
design or operation of internal control over financial
reporting which are reasonably likely to adversely affect the
registrant's ability to record, process, summarize, and report
financial information; and
b) Any fraud, whether or not material, that involves management
orother employees who have a significant role in the registrant's
internal control of financial reporting.
Date: 10/20/14
By:
/s/ Laura S. Adams
-------------Laura S. Adams
President

FORM N-Q SECURITIES AND EXCHANGE COMMISSION

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