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
hours per response:		23.8

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
APPLE INC	COM	037833100	3,335	11,357	SH		SOLE		11,014	0	343
ISHARES MSCI ALL COUNTRY ASIA	COM	464288182	275	3,739	SH		SOLE		0	0	3,739
ABBVIE INC	COM	00287y109	1,899	21,452	SH		SOLE		20,963	0	489
ABBOTT LABORATORIES	COM	002824100	38,374	441,792	SH		SOLE		426,524	0	15,268
ACCENTURE PLC-CL A	COM	g1151c101	340	1,613	SH		SOLE		1,593	0	20
AUTOMATIC DATA PROCESSING	COM	053015103	595	3,487	SH		SOLE		3,442	0	45
AMEREN CORPORATION	COM	023608102	633	8,242	SH		SOLE		7,767	0	475
AMERICAN ELECTRIC POWER	COM	025537101	32,214	340,848	SH		SOLE		329,253	0	11,595
AFLAC INC	COM	001055102	26,758	505,829	SH		SOLE		486,869	0	18,960
ALLSTATE CORP	COM	020002101	26,109	232,180	SH		SOLE		224,051	0	8,129
AFFILIATED MANAGERS GROUP INC	COM	008252108	421	4,972	SH		SOLE		4,972	0	0
AMGEN INC	COM	031162100	41,578	172,472	SH		SOLE		167,100	0	5,372
ALERIAN MLP ETF	COM	00162q866	13,482	1,586,071	SH		SOLE		1,519,296	0	66,775
AMAZON.COM INC	COM	023135106	495	268	SH		SOLE		268	0	0
ANTS SOFTWARE INC	COM	037271103	0	46,666	SH		SOLE		46,666	0	0
AMERICAN EXPRESS CO	COM	025816109	30,936	248,500	SH		SOLE		239,790	0	8,710
BOEING CO	COM	097023105	5,736	17,607	SH		SOLE		17,607	0	0
BANK OF AMERICA CORP	COM	060505104	868	24,647	SH		SOLE		24,647	0	0
BAXTER INTERNATIONAL INC	COM	071813109	679	8,116	SH		SOLE		8,116	0	0
BECTON DICKINSON & CO	COM	075887109	395	1,451	SH		SOLE		1,451	0	0
BANK OF NEW YORK MELLON CORP	COM	064058100	21,709	431,332	SH		SOLE		414,287	0	17,045
BLACKROCK INC	COM	09247x101	26,740	53,192	SH		SOLE		51,856	0	1,336
BRISTOL MYERS SQUIBB CO	COM	110122108	30,569	476,230	SH		SOLE		456,280	0	19,950
BP PLC-SPONS ADR	COM	055622104	743	19,685	SH		SOLE		17,150	0	2,535
BERKSHIRE HATHAWAY CL A	COM	084670108	679	2	SH		SOLE		2	0	0
BERKSHIRE HATHAWAY CL B	COM	084670702	1,499	6,617	SH		SOLE		6,470	0	147
BROWN & BROWN INC	COM	115236101	7,896	200,000	SH		SOLE		200,000	0	0
INVESCO BULLETSHARES 2020 CORP BOND	COM	46138j502	1,483	69,657	SH		SOLE		30,799	0	38,858
INVESCO BULLETSHARES 2021 CORP BOND	COM	46138j700	1,508	70,976	SH		SOLE		32,633	0	38,343
INVESCO BULLETSHARES 2022 CORP BOND	COM	46138j882	1,484	68,988	SH		SOLE		30,661	0	38,327
INVESCO BULLETSHARES 2023 CORP BOND	COM	46138j866	1,457	68,362	SH		SOLE		30,185	0	38,177
INVESCO BULLETSHARES 2024 CORP BOND	COM	46138j841	1,419	66,073	SH		SOLE		28,591	0	37,482
CITIGROUP INC	COM	172967424	275	3,442	SH		SOLE		3,274	0	168
CATERPILLAR INC	COM	149123101	10,028	67,904	SH		SOLE		67,904	0	0
COMMERCE BANCSHARES INC	COM	200525103	1,385	20,387	SH		SOLE		20,387	0	0
CHARTER COMMUNICATIONS (NEW)	COM	16119p108	279	576	SH		SOLE		576	0	0
COLGATE PALMOLIVE CO	COM	194162103	823	11,962	SH		SOLE		8,862	0	3,100
CLOROX COMPANY	COM	189054109	335	2,185	SH		SOLE		2,170	0	15
COMCAST CORP CLASS A	COM	20030N101	557	12,387	SH		SOLE		12,387	0	0
CONOCOPHILLIPS	COM	20825C104	27,548	423,614	SH		SOLE		409,829	0	13,785
COSTCO WHOLESALE CORP	COM	22160K105	489	1,664	SH		SOLE		1,619	0	45
CISCO SYSTEMS INC	COM	17275R102	44,690	931,813	SH		SOLE		900,411	0	31,402
CSX CORP	COM	126408103	991	13,700	SH		SOLE		13,700	0	0
CVS HEALTH CORP	COM	126650100	21,457	288,821	SH		SOLE		275,951	0	12,870
CHEVRON CORPORATION	COM	166764100	27,374	227,150	SH		SOLE		219,085	0	8,065
DOMINION ENERGY INC	COM	25746U109	25,220	304,516	SH		SOLE		291,906	0	12,610
DUPONT DE NEMOURS INC	COM	26614n102	237	3,698	SH		SOLE		3,698	0	0
DEERE & CO	COM	244199105	38,253	220,784	SH		SOLE		213,904	0	6,880
DISCOVER FINANCIAL SERVICES	COM	254709108	28,730	338,713	SH		SOLE		325,868	0	12,845
ISHARES CORE DIVIDEND GROWTH ETF	COM	46434v621	7,104	168,856	SH		SOLE		111,125	0	57,731
QUEST DIAGNOSTICS INC	COM	74834L100	24,505	229,470	SH		SOLE		220,875	0	8,595
THE WALT DISNEY CO	COM	254687106	41,115	284,274	SH		SOLE		275,626	0	8,648
DOW INC	COM	260557103	280	5,118	SH		SOLE		5,118	0	0
DARDEN RESTAURANTS INC	COM	237194105	703	6,450	SH		SOLE		6,450	0	0
DTE ENERGY COMPANY	COM	233331107	25,003	192,526	SH		SOLE		184,531	0	7,995
DUKE ENERGY HOLDING CORP	COM	26441c204	24,986	273,940	SH		SOLE		261,214	0	12,726
BRINKER INTL INC	COM	109641100	19,087	454,452	SH		SOLE		438,667	0	15,785
CONSOLIDATED EDISON INC	COM	209115104	4,078	45,074	SH		SOLE		44,874	0	200
ISHARES MSCI EAFE ETF	COM	464287465	5,419	78,036	SH		SOLE		77,671	0	365
EDISON INTERNATIONAL	COM	281020107	414	5,490	SH		SOLE		5,490	0	0
EMERSON ELECTRIC CO	COM	291011104	347	4,549	SH		SOLE		4,549	0	0
ENBRIDGE INC	COM	29250n105	24,013	603,807	SH		SOLE		580,043	0	23,764
ENTERPRISE PRODUCTS	COM	293792107	1,899	67,440	SH		SOLE		67,440	0	0
EVERSOURCE ENERGY	COM	30040w108	32,412	381,007	SH		SOLE		365,707	0	15,300
ENTERGY CORP	COM	29364G103	219	1,830	SH		SOLE		1,830	0	0
EVERGY INC	COM	30034w106	24,938	383,134	SH		SOLE		365,860	0	17,274
EXELON CORPORATION	COM	30161N101	19,457	426,784	SH		SOLE		412,509	0	14,275
FACEBOOK INC A	COM	30303m102	362	1,763	SH		SOLE		1,763	0	0
FIRSTENERGY CORP	COM	337932107	30,962	637,075	SH		SOLE		610,270	0	26,805
GENERAL DYNAMICS CORP	COM	369550108	26,662	151,186	SH		SOLE		146,716	0	4,470
GENERAL ELECTRIC CO	COM	369604103	722	64,712	SH		SOLE		63,900	0	812
GENERAL MILLS INC	COM	370334104	24,922	465,319	SH		SOLE		447,109	0	18,210
ALPHABET INC CL C	COM	02079k107	389	291	SH		SOLE		286	0	5
ALPHABET INC CL A	COM	02079k305	388	290	SH		SOLE		290	0	0
GENUINE PARTS CO	COM	372460105	25,006	235,396	SH		SOLE		226,846	0	8,550
HOME DEPOT INC	COM	437076102	19,365	88,675	SH		SOLE		84,315	0	4,360
HAWAIIAN ELEC INDS	COM	419870100	220	4,694	SH		SOLE		4,694	0	0
HONEYWELL INTERNATL INC	COM	438516106	40,747	230,208	SH		SOLE		223,873	0	6,335
THE HERSHEY COMPANY	COM	427866108	226	1,541	SH		SOLE		1,541	0	0
IBERIABANK CORP	COM	450828108	329	4,394	SH		SOLE		4,394	0	0
INTL BUSINESS MACHINES CORP	COM	459200101	24,318	181,422	SH		SOLE		175,007	0	6,415
ISHARES CORE MSCI EMERGING MKTS ETF	COM	46434g103	715	13,296	SH		SOLE		13,296	0	0
INTEL CORPORATION	COM	458140100	50,926	850,900	SH		SOLE		822,515	0	28,385
ILLINOIS TOOL WORKS	COM	452308109	490	2,728	SH		SOLE		2,678	0	50
ISHARES S&P500 VALUE INDEX ETF	COM	464287408	216	1,662	SH		SOLE		1,662	0	0
ISHARES RUSSELL MIDCAP ETF	COM	464287499	328	5,500	SH		SOLE		5,500	0	0
ISHARES RUSSELL 3000 ETF	COM	464287689	10,325	54,775	SH		SOLE		54,775	0	0
JOHNSON & JOHNSON	COM	478160104	40,996	281,043	SH		SOLE		269,924	0	11,119
JP MORGAN CHASE & CO	COM	46625H100	51,439	369,006	SH		SOLE		357,679	0	11,327
KIMBERLY CLARK CORP	COM	494368103	27,593	200,603	SH		SOLE		193,038	0	7,565
COCA COLA CO	COM	191216100	28,013	506,102	SH		SOLE		488,292	0	17,810
KROGER CO	COM	501044101	18,817	649,081	SH		SOLE		622,981	0	26,100
ELI LILLY & CO	COM	532457108	435	3,310	SH		SOLE		3,310	0	0
LOCKHEED MARTIN CORP	COM	539830109	394	1,011	SH		SOLE		1,011	0	0
ALLIANT ENERGY CORP	COM	018802108	29,963	547,561	SH		SOLE		526,261	0	21,300
LOWES COS INC	COM	548661107	685	5,718	SH		SOLE		5,718	0	0
MASCO CORP	COM	574599106	235	4,900	SH		SOLE		4,900	0	0
MATTEL INC	COM	577081102	160	11,796	SH		SOLE		11,796	0	0
MCDONALDS CORPORATION	COM	580135101	1,263	6,392	SH		SOLE		6,392	0	0
MEDTRONIC PLC	COM	g5960l103	719	6,340	SH		SOLE		6,230	0	110
METLIFE INC	COM	59156r108	863	16,939	SH		SOLE		15,439	0	1,500
MCCORMICK & CO INC	COM	579780206	31,585	186,091	SH		SOLE		181,201	0	4,890
MARSH & MCLENNAN COS	COM	571748102	30,723	275,765	SH		SOLE		265,046	0	10,719
3M COMPANY	COM	88579Y101	25,882	146,709	SH		SOLE		141,129	0	5,580
ALTRIA GROUP INC	COM	02209S103	306	6,130	SH		SOLE		6,130	0	0
MARATHON PETROLEUM CORP	COM	56585a102	19,380	321,660	SH		SOLE		306,867	0	14,793
MERCK AND CO INC NEW	COM	58933y105	24,011	264,004	SH		SOLE		251,294	0	12,710
MICROSOFT CORP	COM	594918104	79,828	506,201	SH		SOLE		493,504	0	12,697
NEXTERA ENERGY INC	COM	65339f101	39,010	161,090	SH		SOLE		153,870	0	7,220
NATIONAL FUEL GAS CO	COM	636180101	334	7,183	SH		SOLE		6,583	0	600
NATIONAL GRID PLC	COM	636274409	18,454	294,465	SH		SOLE		276,936	0	17,529
NEW JERSEY RESOURCES CORP	COM	646025106	296	6,650	SH		SOLE		6,650	0	0
NORFOLK SOUTHERN CORP	COM	655844108	21,557	111,046	SH		SOLE		104,884	0	6,162
NESTLE SA SPONSORED ADR	COM	641069406	281	2,597	SH		SOLE		2,597	0	0
OGE ENERGY CORP	COM	670837103	442	9,934	SH		SOLE		9,934	0	0
ORACLE CORP	COM	68389X105	31,318	591,134	SH		SOLE		576,379	0	14,755
PEPSICO INC	COM	713448108	33,386	244,282	SH		SOLE		236,837	0	7,445
PFIZER INC	COM	717081103	28,075	716,555	SH		SOLE		692,504	0	24,051
PROCTER & GAMBLE CO	COM	742718109	35,270	282,387	SH		SOLE		272,788	0	9,599
PROGRESSIVE CORP	COM	743315103	18,702	258,355	SH		SOLE		249,605	0	8,750
PHILIP MORRIS INTL	COM	718172109	20,458	240,433	SH		SOLE		230,988	0	9,445
PNC FINANCIAL SERVICES GROUP	COM	693475105	30,919	193,693	SH		SOLE		187,418	0	6,275
PORTLAND GENERAL ELECTRIC CO	COM	736508847	8,863	158,871	SH		SOLE		150,206	0	8,665
PPG INDUSTRIES INC	COM	693506107	27,356	204,928	SH		SOLE		198,763	0	6,165
PHILLIPS 66	COM	718546104	712	6,393	SH		SOLE		6,393	0	0
QUALCOMM INC	COM	747525103	31,608	358,241	SH		SOLE		344,450	0	13,791
ROYAL CARIBBEAN CRUISE	COM	v7780t103	25,481	190,856	SH		SOLE		183,751	0	7,105
ROYAL DUTCH SHELL PLC A	COM	780259206	526	8,925	SH		SOLE		8,925	0	0
ROYAL DUTCH SHELL PLC B ADR	COM	780259107	22,262	371,212	SH		SOLE		356,961	0	14,251
RESIDEO TECHNOLOGIES INC	COM	76118y104	199	16,721	SH		SOLE		16,354	0	367
RLI CORP	COM	749607107	169,354	1,881,298	SH		SOLE		1,881,298	0	0
RPM INTERNATIONAL INC	COM	749685103	33,540	436,940	SH		SOLE		423,550	0	13,390
RAYTHEON COMPANY	COM	755111507	351	1,598	SH		SOLE		1,598	0	0
STARBUCKS CORP	COM	855244109	365	4,154	SH		SOLE		4,104	0	50
SCHWAB US BROAD MKT ETF	COM	808524102	561	7,303	SH		SOLE		7,303	0	0
SCHWAB US DVD EQUITY ETF	COM	808524797	8,098	139,818	SH		SOLE		96,055	0	43,763
SCHWAB US LARGE GROWTH ETF	COM	808524300	245	2,639	SH		SOLE		2,639	0	0
CHARLES SCHWAB CORP	COM	808513105	20,167	424,029	SH		SOLE		404,525	0	19,504
SCHWAB US AGGREGATE BOND ETF	COM	808524839	1,470	27,506	SH		SOLE		12,791	0	14,715
ISHARES SHORT TREASURY BOND ETF	COM	464288679	204	1,850	SH		SOLE		1,850	0	0
SOUTH JERSEY INDUSTRIES	COM	838518108	19,843	601,675	SH		SOLE		576,100	0	25,575
SCHLUMBERGER LTD	COM	806857108	412	10,242	SH		SOLE		10,242	0	0
SOUTHERN CO	COM	842587107	29,961	470,352	SH		SOLE		450,527	0	19,825
S&P GLOBAL INC	COM	78409v104	38,072	139,433	SH		SOLE		135,588	0	3,845
SPDR S&P 500 ETF TRUST	COM	78462f103	2,289	7,113	SH		SOLE		2,598	0	4,515
SEMPRA ENERGY	COM	816851109	350	2,313	SH		SOLE		2,313	0	0
STANLEY BLACK & DECKER INC.	COM	854502101	401	2,422	SH		SOLE		2,422	0	0
STRYKER CORP	COM	863667101	848	4,038	SH		SOLE		4,038	0	0
AT&T INC	COM	00206R102	50,490	1,291,961	SH		SOLE		1,247,914	0	44,047
TRUIST FINANCIAL CORP	COM	89832q109	27,966	496,549	SH		SOLE		480,589	0	15,960
TARGET CORP	COM	87612E106	39,388	307,218	SH		SOLE		296,562	0	10,656
T ROWE PRICE ASSOCIATES	COM	74144t108	26,714	219,258	SH		SOLE		211,673	0	7,585
TC ENERGY CORP	COM	87807b107	24,421	458,088	SH		SOLE		440,798	0	17,290
TRAVELERS COMPANIES INC	COM	89417e109	1,265	9,237	SH		SOLE		9,237	0	0
TEXAS INSTRUMENTS INC	COM	882508104	44,677	348,250	SH		SOLE		337,375	0	10,875
UNITEDHEALTH GROUP	COM	91324P102	48,185	163,906	SH		SOLE		159,741	0	4,165
UNION PACIFIC CORP	COM	907818108	1,139	6,298	SH		SOLE		6,198	0	100
UNITED PARCEL SERVICE B	COM	911312106	27,129	231,750	SH		SOLE		223,465	0	8,285
US BANCORP	COM	902973304	28,219	475,957	SH		SOLE		460,741	0	15,216
UNITED TECHNOLOGIES CORP	COM	913017109	29,928	199,841	SH		SOLE		194,157	0	5,684
VANGUARD SHORT-TERM CORPORATE ETF	COM	92206c409	1,289	15,906	SH		SOLE		8,676	0	7,230
VALHI INC	COM	918905100	21	11,421	SH		SOLE		11,421	0	0
VANGUARD DIVIDEND APPRECIATION ETF	COM	921908844	803	6,444	SH		SOLE		5,044	0	1,400
VANGUARD S&P 500 ETF	COM	922908363	907	3,067	SH		SOLE		90	0	2,977
VANGUARD FTSE EMERGING MARKETS ETF	COM	922042858	1,310	29,447	SH		SOLE		29,447	0	0
VERIZON COMMUNICATIONS	COM	92343v104	43,086	701,720	SH		SOLE		676,681	0	25,039
WALGREENS BOOTS ALLIANCE INC	COM	931427108	406	6,892	SH		SOLE		6,737	0	155
WESTERN DIGITAL CORP	COM	958102105	19,545	307,946	SH		SOLE		291,926	0	16,020
WEC ENERGY GROUP INC	COM	92939u106	480	5,200	SH		SOLE		5,200	0	0
WELLS FARGO & COMPANY	COM	949746101	27,222	505,994	SH		SOLE		492,019	0	13,975
WILLIAMS COS INC	COM	969457100	15,299	644,989	SH		SOLE		616,104	0	28,885
WALMART INC	COM	931142103	1,189	10,001	SH		SOLE		10,001	0	0
WORTHINGTON INDUSTRIES INC	COM	981811102	594	14,076	SH		SOLE		14,076	0	0
XCEL ENERGY	COM	98389B100	32,526	512,307	SH		SOLE		492,071	0	20,236
ENERGY SELECT SECTOR SPDR	COM	81369y506	2,421	40,320	SH		SOLE		31,720	0	8,600
FINANCIAL SELECT SECTOR SPDR	COM	81369Y605	3,438	111,712	SH		SOLE		81,547	0	30,165
INDUSTRIAL SELECT SECTOR SPDR	COM	81369y704	835	10,245	SH		SOLE		10,245	0	0
TECHNOLOGY SELECT SECTOR SPDR	COM	81369Y803	964	10,517	SH		SOLE		10,517	0	0
CONSUMER STAPLES SELECT SECTOR SPDR	COM	81369y308	296	4,700	SH		SOLE		4,700	0	0
UTILITIES SELECT SECTOR SPDR	COM	81369Y886	3,887	60,152	SH		SOLE		39,627	0	20,525
HEALTH CARE SELECT SECTOR SPDR	COM	81369Y209	2,546	24,995	SH		SOLE		21,138	0	3,857
CONSUMER DISC SELECT SECTOR SPDR	COM	81369Y407	1,239	9,882	SH		SOLE		9,882	0	0
EXXON MOBIL CORPORATION	COM	30231g102	21,189	303,649	SH		SOLE		297,241	0	6,408