Vaughan David Investments 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL

OMB Number:		3235-0006
Expires:	Oct 31, 2018
Estimated average burden
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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
3M COMPANY	COM	88579Y101	24,696	142,472	SH		SOLE		137,622	0	4,850
ABBOTT LABORATORIES	COM	002824100	38,256	454,886	SH		SOLE		438,688	0	16,198
ABBVIE INC	COM	00287y109	1,616	22,218	SH		SOLE		21,729	0	489
ACCENTURE PLC-CL A	COM	g1151c101	396	2,142	SH		SOLE		2,093	0	49
AFFILIATED MANAGERS GROUP INC	COM	008252108	10,276	111,523	SH		SOLE		107,898	0	3,625
AFLAC INC	COM	001055102	27,780	506,849	SH		SOLE		487,224	0	19,625
ALERIAN MLP ETF	COM	00162q866	16,467	1,671,810	SH		SOLE		1,603,460	0	68,350
ALLIANT ENERGY CORP	COM	018802108	27,077	551,685	SH		SOLE		531,310	0	20,375
ALLSTATE CORP	COM	020002101	23,764	233,687	SH		SOLE		225,876	0	7,811
ALPHABET INC CL A	COM	02079k305	370	342	SH		SOLE		342	0	0
ALPHABET INC CL C	COM	02079k107	366	339	SH		SOLE		319	0	20
ALTRIA GROUP INC	COM	02209S103	298	6,297	SH		SOLE		6,207	0	90
AMAZON.COM INC	COM	023135106	507	268	SH		SOLE		255	0	13
AMEREN CORPORATION	COM	023608102	810	10,785	SH		SOLE		10,585	0	200
AMERICAN ELECTRIC POWER	COM	025537101	30,275	343,992	SH		SOLE		332,382	0	11,610
AMERICAN EXPRESS CO	COM	025816109	30,989	251,044	SH		SOLE		242,124	0	8,920
AMERISOURCE BERGEN CORP	COM	03073E105	17,555	205,896	SH		SOLE		197,221	0	8,675
AMGEN INC	COM	031162100	31,658	171,793	SH		SOLE		166,686	0	5,107
ANTS SOFTWARE INC	COM	037271103	0	46,666	SH		SOLE		46,666	0	0
APPLE INC	COM	037833100	2,274	11,487	SH		SOLE		10,213	0	1,274
AT&T INC	COM	00206R102	43,841	1,308,297	SH		SOLE		1,263,750	0	44,547
AUTOMATIC DATA PROCESSING	COM	053015103	606	3,667	SH		SOLE		3,642	0	25
BANK OF AMERICA CORP	COM	060505104	748	25,809	SH		SOLE		25,809	0	0
BANK OF NEW YORK MELLON CORP	COM	064058100	18,881	427,653	SH		SOLE		410,783	0	16,870
BAXTER INTERNATIONAL INC	COM	071813109	835	10,191	SH		SOLE		10,191	0	0
BB & T CORPORATION	COM	054937107	24,357	495,770	SH		SOLE		481,260	0	14,510
BECTON DICKINSON & CO	COM	075887109	423	1,680	SH		SOLE		1,669	0	11
BERKSHIRE HATHAWAY CL A 1/100	COM	084990175	318	100	SH		SOLE		100	0	0
BERKSHIRE HATHAWAY CL B	COM	084670702	1,353	6,345	SH		SOLE		6,218	0	127
BLACKROCK INC	COM	09247x101	24,793	52,829	SH		SOLE		51,638	0	1,191
BOEING CO	COM	097023105	6,774	18,609	SH		SOLE		18,609	0	0
BP PLC-SPONS ADR	COM	055622104	804	19,284	SH		SOLE		16,749	0	2,535
BRINKER INTL INC	COM	109641100	17,356	441,065	SH		SOLE		425,905	0	15,160
BRISTOL MYERS SQUIBB CO	COM	110122108	20,848	459,708	SH		SOLE		443,333	0	16,375
BROWN & BROWN INC	COM	115236101	6,700	200,000	SH		SOLE		200,000	0	0
CATERPILLAR INC	COM	149123101	9,678	71,007	SH		SOLE		70,992	0	15
CHARLES SCHWAB CORP	COM	808513105	16,303	405,648	SH		SOLE		388,194	0	17,454
CHARTER COMMUNICATIONS (NEW)	COM	16119p108	242	612	SH		SOLE		612	0	0
CHEVRON CORPORATION	COM	166764100	27,963	224,710	SH		SOLE		216,733	0	7,977
CISCO SYSTEMS INC	COM	17275R102	51,477	940,566	SH		SOLE		910,214	0	30,352
CITIGROUP INC	COM	172967424	288	4,119	SH		SOLE		3,951	0	168
CLOROX COMPANY	COM	189054109	338	2,207	SH		SOLE		1,992	0	215
COCA COLA CO	COM	191216100	25,561	501,982	SH		SOLE		484,982	0	17,000
COLGATE PALMOLIVE CO	COM	194162103	1,077	15,023	SH		SOLE		10,421	0	4,602
COMCAST CORP CLASS A	COM	20030N101	652	15,429	SH		SOLE		15,146	0	283
COMMERCE BANCSHARES INC	COM	200525103	1,172	19,652	SH		SOLE		13,831	0	5,821
CONOCOPHILLIPS	COM	20825C104	25,327	415,194	SH		SOLE		401,469	0	13,725
CONSOLIDATED EDISON INC	COM	209115104	5,191	59,207	SH		SOLE		58,907	0	300
CONSUMER DISC SELECT SECTOR SPDR	COM	81369Y407	1,214	10,182	SH		SOLE		10,182	0	0
CONSUMER STAPLES SELECT SECTOR SPDR	COM	81369y308	312	5,375	SH		SOLE		5,375	0	0
COSTCO WHOLESALE CORP	COM	22160K105	469	1,775	SH		SOLE		1,745	0	30
CSX CORP	COM	126408103	1,060	13,700	SH		SOLE		13,700	0	0
CVS HEALTH CORP	COM	126650100	14,828	272,130	SH		SOLE		260,380	0	11,750
DARDEN RESTAURANTS INC	COM	237194105	785	6,450	SH		SOLE		6,450	0	0
DEERE & CO	COM	244199105	37,441	225,945	SH		SOLE		219,060	0	6,885
DISCOVER FINANCIAL SERVICES	COM	254709108	26,336	339,425	SH		SOLE		327,155	0	12,270
DOMINION ENERGY INC	COM	25746U109	23,246	300,651	SH		SOLE		288,253	0	12,398
DOW INC	COM	260557103	300	6,087	SH		SOLE		6,087	0	0
DTE ENERGY COMPANY	COM	233331107	24,081	188,309	SH		SOLE		181,069	0	7,240
DUKE ENERGY HOLDING CORP	COM	26441c204	23,762	269,287	SH		SOLE		257,303	0	11,984
DUPONT DE NEMOURS INC	COM	26614n102	411	5,479	SH		SOLE		5,479	0	0
EDISON INTERNATIONAL	COM	281020107	370	5,490	SH		SOLE		5,490	0	0
ELI LILLY & CO	COM	532457108	378	3,415	SH		SOLE		3,415	0	0
EMERSON ELECTRIC CO	COM	291011104	309	4,633	SH		SOLE		4,633	0	0
ENBRIDGE INC	COM	29250n105	20,570	570,115	SH		SOLE		548,981	0	21,134
ENERGY SELECT SECTOR SPDR	COM	81369y506	1,893	29,711	SH		SOLE		22,353	0	7,358
ENTERGY CORP	COM	29364G103	212	2,056	SH		SOLE		2,056	0	0
ENTERPRISE PRODUCTS	COM	293792107	1,982	68,668	SH		SOLE		68,668	0	0
EVERGY INC	COM	30034w106	22,654	376,619	SH		SOLE		359,235	0	17,384
EVERSOURCE ENERGY	COM	30040w108	28,710	378,966	SH		SOLE		363,901	0	15,065
EXELON CORPORATION	COM	30161N101	299	6,236	SH		SOLE		6,045	0	191
EXXON MOBIL CORPORATION	COM	30231g102	23,464	306,200	SH		SOLE		299,967	0	6,233
FACEBOOK INC A	COM	30303m102	366	1,897	SH		SOLE		1,691	0	206
FINANCIAL SELECT SECTOR SPDR	COM	81369Y605	2,768	100,280	SH		SOLE		71,993	0	28,287
FIRSTENERGY CORP	COM	337932107	27,280	637,240	SH		SOLE		610,425	0	26,815
GARRETT MOTION INC	COM	366505105	195	12,688	SH		SOLE		12,398	0	290
GENERAL DYNAMICS CORP	COM	369550108	27,418	150,798	SH		SOLE		146,478	0	4,320
GENERAL ELECTRIC CO	COM	369604103	771	73,431	SH		SOLE		72,119	0	1,312
GENERAL MILLS INC	COM	370334104	24,110	459,060	SH		SOLE		439,935	0	19,125
GENUINE PARTS CO	COM	372460105	23,878	230,530	SH		SOLE		222,380	0	8,150
HAWAIIAN ELEC INDS	COM	419870100	200	4,600	SH		SOLE		4,600	0	0
HEALTH CARE SELECT SECTOR SPDR	COM	81369Y209	2,043	22,050	SH		SOLE		19,511	0	2,539
HOME DEPOT INC	COM	437076102	14,327	68,890	SH		SOLE		65,731	0	3,159
HONEYWELL INTERNATL INC	COM	438516106	40,625	232,689	SH		SOLE		226,394	0	6,295
IBERIABANK CORP	COM	450828108	333	4,394	SH		SOLE		4,394	0	0
ILLINOIS TOOL WORKS	COM	452308109	418	2,770	SH		SOLE		2,720	0	50
INDUSTRIAL SELECT SECTOR SPDR	COM	81369y704	793	10,245	SH		SOLE		10,245	0	0
INGERSOLL RAND PLC	COM	g47791101	252	1,990	SH		SOLE		1,990	0	0
INTEL CORPORATION	COM	458140100	41,872	874,709	SH		SOLE		846,074	0	28,635
INTL BUSINESS MACHINES CORP	COM	459200101	24,800	179,838	SH		SOLE		173,752	0	6,086
INVESCO BULLETSHARES 2020 CORP BOND	COM	46138j502	659	31,004	SH		SOLE		11,789	0	19,215
INVESCO BULLETSHARES 2021 CORP BOND	COM	46138j700	671	31,679	SH		SOLE		12,392	0	19,287
INVESCO BULLETSHARES 2022 CORP BOND	COM	46138j882	678	31,694	SH		SOLE		12,407	0	19,287
INVESCO BULLETSHARES 2023 CORP BOND	COM	46138j866	643	30,392	SH		SOLE		11,035	0	19,357
INVESCO BULLETSHARES 2024 CORP BOND	COM	46138j841	593	27,922	SH		SOLE		8,935	0	18,987
INVESCO QQQ TRUST SERIES 1	COM	46090e103	213	1,140	SH		SOLE		1,140	0	0
ISHARES CORE DIVIDEND GROWTH ETF	COM	46434v621	4,319	113,070	SH		SOLE		77,137	0	35,933
ISHARES CORE MSCI EMERGING MKTS ETF	COM	46434g103	684	13,296	SH		SOLE		13,296	0	0
ISHARES MSCI ALL COUNTRY ASIA	COM	464288182	262	3,739	SH		SOLE		0	0	3,739
ISHARES MSCI EAFE ETF	COM	464287465	5,129	78,036	SH		SOLE		77,671	0	365
ISHARES RUSSELL 3000 ETF	COM	464287689	9,441	54,775	SH		SOLE		54,775	0	0
ISHARES RUSSELL MIDCAP ETF	COM	464287499	307	5,500	SH		SOLE		5,500	0	0
ISHARES S&P500 VALUE INDEX ETF	COM	464287408	300	2,570	SH		SOLE		2,452	0	118
ISHARES SHORT TREASURY BOND ETF	COM	464288679	202	1,825	SH		SOLE		1,825	0	0
JOHNSON & JOHNSON	COM	478160104	38,905	279,326	SH		SOLE		267,887	0	11,439
JP MORGAN CHASE & CO	COM	46625H100	42,583	380,886	SH		SOLE		369,144	0	11,742
KIMBERLY CLARK CORP	COM	494368103	26,505	198,868	SH		SOLE		191,893	0	6,975
KROGER CO	COM	501044101	13,518	622,660	SH		SOLE		597,785	0	24,875
LOCKHEED MARTIN CORP	COM	539830109	355	977	SH		SOLE		977	0	0
LOWES COS INC	COM	548661107	603	5,978	SH		SOLE		5,905	0	73
MARATHON PETROLEUM CORP	COM	56585a102	16,147	288,957	SH		SOLE		275,894	0	13,063
MARSH & MCLENNAN COS	COM	571748102	27,909	279,786	SH		SOLE		269,662	0	10,124
MASCO CORP	COM	574599106	200	5,100	SH		SOLE		5,100	0	0
MATTEL INC	COM	577081102	139	12,385	SH		SOLE		11,885	0	500
MCCORMICK & CO INC	COM	579780206	30,559	197,145	SH		SOLE		191,870	0	5,275
MCDONALDS CORPORATION	COM	580135101	1,341	6,456	SH		SOLE		6,456	0	0
MEDTRONIC PLC	COM	g5960l103	873	8,966	SH		SOLE		8,733	0	233
MERCK AND CO INC NEW	COM	58933y105	20,860	248,775	SH		SOLE		236,765	0	12,010
METLIFE INC	COM	59156r108	1,128	22,709	SH		SOLE		20,991	0	1,718
MICROSOFT CORP	COM	594918104	72,208	539,027	SH		SOLE		524,565	0	14,462
NATIONAL FUEL GAS CO	COM	636180101	405	7,683	SH		SOLE		7,083	0	600
NATIONAL GRID PLC	COM	636274409	14,911	280,383	SH		SOLE		263,760	0	16,623
NESTLE SA SPONSORED ADR	COM	641069406	269	2,597	SH		SOLE		2,597	0	0
NEW JERSEY RESOURCES CORP	COM	646025106	331	6,650	SH		SOLE		6,650	0	0
NEXTERA ENERGY INC	COM	65339f101	33,682	164,417	SH		SOLE		157,477	0	6,940
NORFOLK SOUTHERN CORP	COM	655844108	20,942	105,060	SH		SOLE		99,503	0	5,557
OGE ENERGY CORP	COM	670837103	423	9,934	SH		SOLE		9,934	0	0
ORACLE CORP	COM	68389X105	34,044	597,576	SH		SOLE		583,221	0	14,355
PEPSICO INC	COM	713448108	32,623	248,785	SH		SOLE		241,450	0	7,335
PFIZER INC	COM	717081103	31,307	722,681	SH		SOLE		698,730	0	23,951
PHILIP MORRIS INTL	COM	718172109	17,775	226,341	SH		SOLE		218,111	0	8,230
PHILLIPS 66	COM	718546104	587	6,276	SH		SOLE		6,076	0	200
PNC FINANCIAL SERVICES GROUP	COM	693475105	26,665	194,236	SH		SOLE		188,421	0	5,815
PORTLAND GENERAL ELECTRIC CO	COM	736508847	25,291	466,888	SH		SOLE		449,023	0	17,865
PPG INDUSTRIES INC	COM	693506107	24,009	205,719	SH		SOLE		199,704	0	6,015
PROCTER & GAMBLE CO	COM	742718109	31,050	283,175	SH		SOLE		272,911	0	10,264
QUALCOMM INC	COM	747525103	27,306	358,957	SH		SOLE		344,574	0	14,383
RAYTHEON COMPANY	COM	755111507	285	1,637	SH		SOLE		1,598	0	39
RESIDEO TECHNOLOGIES INC	COM	76118y104	637	29,044	SH		SOLE		28,418	0	626
RLI CORP	COM	749607107	177,141	2,066,750	SH		SOLE		2,066,750	0	0
ROYAL CARIBBEAN CRUISE	COM	v7780t103	22,449	185,205	SH		SOLE		178,215	0	6,990
ROYAL DUTCH SHELL PLC A	COM	780259206	493	7,570	SH		SOLE		7,570	0	0
ROYAL DUTCH SHELL PLC B ADR	COM	780259107	23,678	360,174	SH		SOLE		346,554	0	13,620
RPM INTERNATIONAL INC	COM	749685103	27,027	442,268	SH		SOLE		428,693	0	13,575
S&P GLOBAL INC	COM	78409v104	33,724	148,049	SH		SOLE		144,119	0	3,930
SCHLUMBERGER LTD	COM	806857108	14,518	365,322	SH		SOLE		348,254	0	17,068
SCHWAB US AGGREGATE BOND ETF	COM	808524839	2,465	46,514	SH		SOLE		18,105	0	28,409
SCHWAB US BROAD MKT ETF	COM	808524102	578	8,194	SH		SOLE		8,194	0	0
SCHWAB US DVD EQUITY ETF	COM	808524797	5,609	105,685	SH		SOLE		73,132	0	32,553
SCHWAB US LARGE GROWTH ETF	COM	808524300	228	2,739	SH		SOLE		2,739	0	0
SEMPRA ENERGY	COM	816851109	320	2,328	SH		SOLE		2,328	0	0
SOUTH JERSEY INDUSTRIES	COM	838518108	19,746	585,399	SH		SOLE		561,199	0	24,200
SOUTHERN CO	COM	842587107	26,742	483,753	SH		SOLE		464,678	0	19,075
SPDR S&P 500 ETF TRUST	COM	78462f103	2,035	6,946	SH		SOLE		2,431	0	4,515
STANLEY BLACK & DECKER INC.	COM	854502101	430	2,972	SH		SOLE		2,972	0	0
STARBUCKS CORP	COM	855244109	354	4,217	SH		SOLE		4,104	0	113
STRYKER CORP	COM	863667101	835	4,064	SH		SOLE		4,064	0	0
T ROWE PRICE ASSOCIATES	COM	74144t108	23,970	218,489	SH		SOLE		211,394	0	7,095
TARGET CORP	COM	87612E106	27,257	314,710	SH		SOLE		303,459	0	11,251
TC ENERGY CORP	COM	87807b107	22,560	455,567	SH		SOLE		439,017	0	16,550
TECHNOLOGY SELECT SECTOR SPDR	COM	81369Y803	945	12,112	SH		SOLE		12,112	0	0
TEXAS INSTRUMENTS INC	COM	882508104	41,744	363,750	SH		SOLE		353,275	0	10,475
THE HERSHEY COMPANY	COM	427866108	244	1,822	SH		SOLE		1,822	0	0
THE WALT DISNEY CO	COM	254687106	40,691	291,398	SH		SOLE		282,550	0	8,848
TRAVELERS COMPANIES INC	COM	89417e109	1,588	10,620	SH		SOLE		10,620	0	0
UNION PACIFIC CORP	COM	907818108	1,177	6,960	SH		SOLE		6,790	0	170
UNITED PARCEL SERVICE B	COM	911312106	23,893	231,369	SH		SOLE		223,429	0	7,940
UNITED TECHNOLOGIES CORP	COM	913017109	26,373	202,560	SH		SOLE		196,991	0	5,569
UNITEDHEALTH GROUP	COM	91324P102	41,539	170,236	SH		SOLE		166,219	0	4,017
US BANCORP	COM	902973304	25,063	478,297	SH		SOLE		463,266	0	15,031
UTILITIES SELECT SECTOR SPDR	COM	81369Y886	2,637	44,220	SH		SOLE		28,373	0	15,847
VALHI INC	COM	918905100	34	11,421	SH		SOLE		0	0	11,421
VANECK VECTORS OIL SERVICE	COM	92189f718	1,513	102,075	SH		SOLE		102,075	0	0
VANGUARD DIVIDEND APPRECIATION ETF	COM	921908844	920	7,988	SH		SOLE		4,826	0	3,162
VANGUARD FTSE EMERGING MARKETS ETF	COM	922042858	1,263	29,702	SH		SOLE		29,447	0	255
VANGUARD S&P 500 ETF	COM	922908363	825	3,067	SH		SOLE		90	0	2,977
VANGUARD SHORT-TERM CORPORATE ETF	COM	92206c409	2,038	25,258	SH		SOLE		11,189	0	14,069
VERIZON COMMUNICATIONS	COM	92343v104	39,748	695,743	SH		SOLE		670,895	0	24,848
WALGREENS BOOTS ALLIANCE INC	COM	931427108	444	8,122	SH		SOLE		7,967	0	155
WALMART INC	COM	931142103	1,102	9,972	SH		SOLE		9,972	0	0
WEC ENERGY GROUP INC	COM	92939u106	506	6,066	SH		SOLE		6,066	0	0
WELLS FARGO & COMPANY	COM	949746101	23,440	495,342	SH		SOLE		481,352	0	13,990
WESTERN DIGITAL CORP	COM	958102105	14,249	299,660	SH		SOLE		284,305	0	15,355
WILLIAMS COS INC	COM	969457100	14,688	523,809	SH		SOLE		502,359	0	21,450
WORTHINGTON INDUSTRIES INC	COM	981811102	639	15,876	SH		SOLE		15,876	0	0
XCEL ENERGY	COM	98389B100	30,628	514,835	SH		SOLE		495,384	0	19,451