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
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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	20,113	147,340	SH		SOLE		141,470	0	5,870
ABBOTT LABORATORIES	COM	002824100	34,385	435,748	SH		SOLE		419,736	0	16,012
ABBVIE INC	COM	00287y109	21,782	285,885	SH		SOLE		274,055	0	11,830
ACCENTURE PLC-CL A	COM	g1151c101	263	1,613	SH		SOLE		1,593	0	20
AFFILIATED MANAGERS GROUP INC	COM	008252108	248	4,197	SH		SOLE		4,197	0	0
AFLAC INC	COM	001055102	17,287	504,880	SH		SOLE		483,655	0	21,225
ALERIAN MLP ETF	COM	00162q866	978	284,236	SH		SOLE		272,786	0	11,450
ALLIANT ENERGY CORP	COM	018802108	26,575	550,328	SH		SOLE		527,713	0	22,615
ALLSTATE CORP	COM	020002101	21,451	233,849	SH		SOLE		225,100	0	8,749
ALPHABET INC CL A	COM	02079k305	328	282	SH		SOLE		282	0	0
ALPHABET INC CL C	COM	02079k107	292	251	SH		SOLE		246	0	5
ALTRIA GROUP INC	COM	02209S103	229	5,909	SH		SOLE		5,909	0	0
AMAZON.COM INC	COM	023135106	581	298	SH		SOLE		298	0	0
AMEREN CORPORATION	COM	023608102	600	8,242	SH		SOLE		7,767	0	475
AMERICAN ELECTRIC POWER	COM	025537101	26,932	336,729	SH		SOLE		323,509	0	13,220
AMERICAN EXPRESS CO	COM	025816109	20,973	244,980	SH		SOLE		235,905	0	9,075
AMGEN INC	COM	031162100	34,201	168,702	SH		SOLE		162,670	0	6,032
ANTS SOFTWARE INC	COM	037271103	0	46,666	SH		SOLE		46,666	0	0
APPLE INC	COM	037833100	2,762	10,862	SH		SOLE		10,519	0	343
AT&T INC	COM	00206R102	37,042	1,270,740	SH		SOLE		1,223,646	0	47,094
AUTOMATIC DATA PROCESSING	COM	053015103	473	3,462	SH		SOLE		3,442	0	20
BANK OF AMERICA CORP	COM	060505104	439	20,676	SH		SOLE		20,676	0	0
BANK OF NEW YORK MELLON CORP	COM	064058100	14,791	439,148	SH		SOLE		421,538	0	17,610
BAXTER INTERNATIONAL INC	COM	071813109	636	7,829	SH		SOLE		7,829	0	0
BECTON DICKINSON & CO	COM	075887109	333	1,451	SH		SOLE		1,451	0	0
BERKSHIRE HATHAWAY CL A	COM	084670108	544	2	SH		SOLE		2	0	0
BERKSHIRE HATHAWAY CL B	COM	084670702	1,054	5,767	SH		SOLE		5,620	0	147
BLACKROCK INC	COM	09247x101	22,797	51,815	SH		SOLE		50,449	0	1,366
BOEING CO	COM	097023105	2,487	16,674	SH		SOLE		16,674	0	0
BP PLC-SPONS ADR	COM	055622104	15,568	638,293	SH		SOLE		611,318	0	26,975
BRINKER INTL INC	COM	109641100	5,513	459,003	SH		SOLE		441,093	0	17,910
BRISTOL MYERS SQUIBB CO	COM	110122108	27,228	488,480	SH		SOLE		466,130	0	22,350
BROWN & BROWN INC	COM	115236101	7,244	200,000	SH		SOLE		200,000	0	0
CATERPILLAR INC	COM	149123101	8,397	72,361	SH		SOLE		71,221	0	1,140
CHARLES SCHWAB CORP	COM	808513105	14,847	441,601	SH		SOLE		421,497	0	20,104
CHARTER COMMUNICATIONS (NEW)	COM	16119p108	237	544	SH		SOLE		544	0	0
CHEVRON CORPORATION	COM	166764100	17,900	247,028	SH		SOLE		237,298	0	9,730
CIGNA CORP NEW	COM	125523100	214	1,209	SH		SOLE		1,209	0	0
CISCO SYSTEMS INC	COM	17275R102	36,672	932,897	SH		SOLE		899,650	0	33,247
CLOROX COMPANY	COM	189054109	298	1,720	SH		SOLE		1,720	0	0
COCA COLA CO	COM	191216100	22,131	500,132	SH		SOLE		480,957	0	19,175
COLGATE PALMOLIVE CO	COM	194162103	713	10,746	SH		SOLE		7,646	0	3,100
COMCAST CORP CLASS A	COM	20030N101	15,812	459,914	SH		SOLE		438,434	0	21,480
COMMERCE BANCSHARES INC	COM	200525103	771	15,314	SH		SOLE		15,314	0	0
CONOCOPHILLIPS	COM	20825C104	14,686	476,832	SH		SOLE		457,992	0	18,840
CONSOLIDATED EDISON INC	COM	209115104	3,231	41,427	SH		SOLE		41,227	0	200
CONSUMER DISC SELECT SECTOR SPDR	COM	81369Y407	969	9,882	SH		SOLE		9,882	0	0
COSTCO WHOLESALE CORP	COM	22160K105	476	1,669	SH		SOLE		1,654	0	15
CSX CORP	COM	126408103	785	13,700	SH		SOLE		13,700	0	0
CVS HEALTH CORP	COM	126650100	16,870	284,348	SH		SOLE		270,973	0	13,375
DARDEN RESTAURANTS INC	COM	237194105	365	6,700	SH		SOLE		6,700	0	0
DEERE & CO	COM	244199105	29,929	216,623	SH		SOLE		209,078	0	7,545
DISCOVER FINANCIAL SERVICES	COM	254709108	12,756	357,616	SH		SOLE		342,996	0	14,620
DOMINION ENERGY INC	COM	25746U109	22,300	308,907	SH		SOLE		295,622	0	13,285
DTE ENERGY COMPANY	COM	233331107	18,840	198,377	SH		SOLE		190,142	0	8,235
DUKE ENERGY HOLDING CORP	COM	26441c204	22,359	276,452	SH		SOLE		263,218	0	13,234
EDISON INTERNATIONAL	COM	281020107	304	5,550	SH		SOLE		5,550	0	0
ELI LILLY & CO	COM	532457108	459	3,310	SH		SOLE		3,310	0	0
ENBRIDGE INC	COM	29250n105	18,658	641,404	SH		SOLE		612,596	0	28,808
ENERGY SELECT SECTOR SPDR	COM	81369y506	1,098	37,781	SH		SOLE		28,440	0	9,341
EVERGY INC	COM	30034w106	21,307	387,041	SH		SOLE		368,327	0	18,714
EVERSOURCE ENERGY	COM	30040w108	28,912	369,668	SH		SOLE		353,858	0	15,810
EXELON CORPORATION	COM	30161N101	19,528	530,509	SH		SOLE		514,584	0	15,925
EXXON MOBIL CORPORATION	COM	30231g102	3,623	95,418	SH		SOLE		95,018	0	400
FACEBOOK INC A	COM	30303m102	329	1,973	SH		SOLE		1,973	0	0
FINANCIAL SELECT SECTOR SPDR	COM	81369Y605	2,420	116,230	SH		SOLE		84,256	0	31,974
FIRSTENERGY CORP	COM	337932107	25,836	644,775	SH		SOLE		616,245	0	28,530
GENERAL DYNAMICS CORP	COM	369550108	20,173	152,464	SH		SOLE		147,629	0	4,835
GENERAL ELECTRIC CO	COM	369604103	360	45,344	SH		SOLE		44,844	0	500
GENERAL MILLS INC	COM	370334104	24,774	469,466	SH		SOLE		449,231	0	20,235
GENUINE PARTS CO	COM	372460105	16,288	241,920	SH		SOLE		232,300	0	9,620
HEALTH CARE SELECT SECTOR SPDR	COM	81369Y209	2,171	24,512	SH		SOLE		20,147	0	4,365
HOME DEPOT INC	COM	437076102	18,645	99,861	SH		SOLE		95,141	0	4,720
HONEYWELL INTERNATL INC	COM	438516106	30,882	230,828	SH		SOLE		223,778	0	7,050
ILLINOIS TOOL WORKS	COM	452308109	382	2,686	SH		SOLE		2,686	0	0
INDUSTRIAL SELECT SECTOR SPDR	COM	81369y704	575	9,745	SH		SOLE		9,745	0	0
INTEL CORPORATION	COM	458140100	44,914	829,904	SH		SOLE		799,833	0	30,071
INTL BUSINESS MACHINES CORP	COM	459200101	20,053	180,773	SH		SOLE		173,468	0	7,305
INVESCO BULLETSHARES 2020 CORP BOND	COM	46138j502	1,627	77,419	SH		SOLE		40,737	0	36,682
INVESCO BULLETSHARES 2021 CORP BOND	COM	46138j700	2,434	116,082	SH		SOLE		56,197	0	59,885
INVESCO BULLETSHARES 2022 CORP BOND	COM	46138j882	2,252	106,311	SH		SOLE		55,326	0	50,985
INVESCO BULLETSHARES 2023 CORP BOND	COM	46138j866	1,704	82,199	SH		SOLE		37,192	0	45,007
INVESCO BULLETSHARES 2024 CORP BOND	COM	46138j841	1,662	80,471	SH		SOLE		35,560	0	44,911
INVESCO BULLETSHARES 2025 CORP BOND	COM	46138j825	406	19,759	SH		SOLE		11,099	0	8,660
INVESCO QQQ TRUST SERIES 1	COM	46090e103	413	2,171	SH		SOLE		2,171	0	0
ISHARES CORE DIVIDEND GROWTH ETF	COM	46434v621	6,386	195,956	SH		SOLE		131,363	0	64,593
ISHARES CORE MSCI EMERGING MKTS ETF	COM	46434g103	538	13,296	SH		SOLE		13,296	0	0
ISHARES MSCI ALL COUNTRY ASIA	COM	464288182	223	3,739	SH		SOLE		0	0	3,739
ISHARES MSCI EAFE ETF	COM	464287465	4,172	78,036	SH		SOLE		77,671	0	365
ISHARES RUSSELL 3000 ETF	COM	464287689	8,125	54,775	SH		SOLE		54,775	0	0
ISHARES RUSSELL MIDCAP ETF	COM	464287499	237	5,500	SH		SOLE		5,500	0	0
ISHARES SHORT TREASURY BOND ETF	COM	464288679	205	1,850	SH		SOLE		1,850	0	0
JOHNSON & JOHNSON	COM	478160104	37,121	283,085	SH		SOLE		271,341	0	11,744
JP MORGAN CHASE & CO	COM	46625H100	31,926	354,612	SH		SOLE		342,074	0	12,538
KIMBERLY CLARK CORP	COM	494368103	25,201	197,084	SH		SOLE		189,029	0	8,055
KROGER CO	COM	501044101	19,647	652,289	SH		SOLE		625,174	0	27,115
LOCKHEED MARTIN CORP	COM	539830109	343	1,011	SH		SOLE		1,011	0	0
LOWES COS INC	COM	548661107	519	6,030	SH		SOLE		6,030	0	0
MARATHON PETROLEUM CORP	COM	56585a102	267	11,318	SH		SOLE		6,275	0	5,043
MARSH & MCLENNAN COS	COM	571748102	23,679	273,869	SH		SOLE		262,450	0	11,419
MATTEL INC	COM	577081102	104	11,796	SH		SOLE		11,796	0	0
MCCORMICK & CO INC	COM	579780206	9,167	64,918	SH		SOLE		63,028	0	1,890
MCDONALDS CORPORATION	COM	580135101	1,073	6,492	SH		SOLE		6,492	0	0
MEDTRONIC PLC	COM	g5960l103	590	6,540	SH		SOLE		6,530	0	10
MERCK AND CO INC NEW	COM	58933y105	21,261	276,333	SH		SOLE		262,043	0	14,290
METLIFE INC	COM	59156r108	460	15,035	SH		SOLE		13,535	0	1,500
MICROSOFT CORP	COM	594918104	76,498	485,058	SH		SOLE		472,275	0	12,783
MONDELEZ INTL INC	COM	609207105	18,655	372,501	SH		SOLE		355,201	0	17,300
NATIONAL FUEL GAS CO	COM	636180101	268	7,183	SH		SOLE		6,583	0	600
NATIONAL GRID PLC	COM	636274409	17,316	297,167	SH		SOLE		278,162	0	19,005
NESTLE SA SPONSORED ADR	COM	641069406	267	2,597	SH		SOLE		2,597	0	0
NEW JERSEY RESOURCES CORP	COM	646025106	226	6,650	SH		SOLE		6,650	0	0
NEXTERA ENERGY INC	COM	65339f101	37,663	156,524	SH		SOLE		149,129	0	7,395
NORFOLK SOUTHERN CORP	COM	655844108	17,182	117,686	SH		SOLE		111,154	0	6,532
NORTHROP GRUMMAN CORP	COM	666807102	410	1,356	SH		SOLE		1,356	0	0
OGE ENERGY CORP	COM	670837103	305	9,934	SH		SOLE		9,934	0	0
ORACLE CORP	COM	68389X105	29,006	600,166	SH		SOLE		584,466	0	15,700
PEPSICO INC	COM	713448108	29,311	244,053	SH		SOLE		235,728	0	8,325
PFIZER INC	COM	717081103	3,418	104,711	SH		SOLE		100,848	0	3,863
PHILIP MORRIS INTL	COM	718172109	17,933	245,799	SH		SOLE		235,249	0	10,550
PHILLIPS 66	COM	718546104	322	6,003	SH		SOLE		5,993	0	10
PNC FINANCIAL SERVICES GROUP	COM	693475105	18,256	190,728	SH		SOLE		183,863	0	6,865
PORTLAND GENERAL ELECTRIC CO	COM	736508847	4,515	94,170	SH		SOLE		86,405	0	7,765
PPG INDUSTRIES INC	COM	693506107	17,142	205,043	SH		SOLE		198,313	0	6,730
PROCTER & GAMBLE CO	COM	742718109	30,483	277,119	SH		SOLE		267,170	0	9,949
PROGRESSIVE CORP	COM	743315103	20,566	278,515	SH		SOLE		268,730	0	9,785
QUALCOMM INC	COM	747525103	24,095	356,165	SH		SOLE		340,364	0	15,801
QUEST DIAGNOSTICS INC	COM	74834L100	18,850	234,745	SH		SOLE		225,455	0	9,290
RAYTHEON COMPANY	COM	755111507	211	1,607	SH		SOLE		1,607	0	0
RESIDEO TECHNOLOGIES INC	COM	76118y104	67	13,857	SH		SOLE		13,556	0	301
RLI CORP	COM	749607107	181,809	2,067,657	SH		SOLE		2,067,657	0	0
ROYAL DUTCH SHELL PLC A	COM	780259206	255	7,305	SH		SOLE		7,305	0	0
ROYAL DUTCH SHELL PLC B ADR	COM	780259107	341	10,426	SH		SOLE		5,650	0	4,776
RPM INTERNATIONAL INC	COM	749685103	25,069	421,325	SH		SOLE		406,860	0	14,465
S&P GLOBAL INC	COM	78409v104	32,642	133,207	SH		SOLE		129,327	0	3,880
SCHWAB US AGGREGATE BOND ETF	COM	808524839	1,309	24,124	SH		SOLE		11,004	0	13,120
SCHWAB US DVD EQUITY ETF	COM	808524797	7,233	160,801	SH		SOLE		112,097	0	48,704
SCHWAB US LARGE GROWTH ETF	COM	808524300	217	2,721	SH		SOLE		2,721	0	0
SEMPRA ENERGY	COM	816851109	207	1,828	SH		SOLE		1,828	0	0
SOUTH JERSEY INDUSTRIES	COM	838518108	15,213	608,538	SH		SOLE		582,113	0	26,425
SOUTHERN CO	COM	842587107	24,841	458,829	SH		SOLE		438,089	0	20,740
SPDR S&P 500 ETF TRUST	COM	78462f103	1,875	7,273	SH		SOLE		2,758	0	4,515
STARBUCKS CORP	COM	855244109	274	4,170	SH		SOLE		4,120	0	50
STRYKER CORP	COM	863667101	672	4,038	SH		SOLE		4,038	0	0
T ROWE PRICE ASSOCIATES	COM	74144t108	20,966	214,701	SH		SOLE		206,451	0	8,250
TARGET CORP	COM	87612E106	27,912	300,227	SH		SOLE		288,946	0	11,281
TC ENERGY CORP	COM	87807b107	20,454	461,718	SH		SOLE		440,688	0	21,030
TECHNOLOGY SELECT SECTOR SPDR	COM	81369Y803	830	10,332	SH		SOLE		10,332	0	0
TEXAS INSTRUMENTS INC	COM	882508104	34,674	346,984	SH		SOLE		335,079	0	11,905
THE WALT DISNEY CO	COM	254687106	27,196	281,533	SH		SOLE		272,540	0	8,993
TRAVELERS COMPANIES INC	COM	89417e109	898	9,037	SH		SOLE		9,037	0	0
TRUIST FINANCIAL CORP	COM	89832q109	15,390	499,037	SH		SOLE		482,267	0	16,770
UNION PACIFIC CORP	COM	907818108	888	6,298	SH		SOLE		6,198	0	100
UNITED PARCEL SERVICE B	COM	911312106	22,293	238,634	SH		SOLE		229,119	0	9,515
UNITED TECHNOLOGIES CORP	COM	913017109	261	2,771	SH		SOLE		2,571	0	200
UNITEDHEALTH GROUP	COM	91324P102	40,313	161,651	SH		SOLE		157,161	0	4,490
US BANCORP	COM	902973304	16,337	474,231	SH		SOLE		457,590	0	16,641
UTILITIES SELECT SECTOR SPDR	COM	81369Y886	3,753	67,732	SH		SOLE		45,499	0	22,233
VANECK VECTORS OIL REFINERS ETF	COM	92189f585	244	14,000	SH		SOLE		14,000	0	0
VANGUARD DIVIDEND APPRECIATION ETF	COM	921908844	676	6,535	SH		SOLE		5,235	0	1,300
VANGUARD FTSE EMERGING MARKETS ETF	COM	922042858	956	28,490	SH		SOLE		28,490	0	0
VANGUARD S&P 500 ETF	COM	922908363	726	3,067	SH		SOLE		90	0	2,977
VANGUARD SHORT-TERM CORPORATE ETF	COM	92206c409	1,220	15,418	SH		SOLE		8,861	0	6,557
VANGUARD SHORT-TERM BOND ETF	COM	921937827	203	2,469	SH		SOLE		2,469	0	0
VERIZON COMMUNICATIONS	COM	92343v104	37,753	702,648	SH		SOLE		675,389	0	27,259
WALGREENS BOOTS ALLIANCE INC	COM	931427108	311	6,807	SH		SOLE		6,707	0	100
WALMART INC	COM	931142103	1,118	9,841	SH		SOLE		9,841	0	0
WEC ENERGY GROUP INC	COM	92939u106	458	5,200	SH		SOLE		5,200	0	0
WELLS FARGO & COMPANY	COM	949746101	15,106	526,346	SH		SOLE		509,446	0	16,900
WESTERN DIGITAL CORP	COM	958102105	13,485	324,001	SH		SOLE		306,601	0	17,400
WILLIAMS COS INC	COM	969457100	11,340	801,421	SH		SOLE		760,456	0	40,965
WORTHINGTON INDUSTRIES INC	COM	981811102	363	13,813	SH		SOLE		13,813	0	0
XCEL ENERGY	COM	98389B100	30,792	510,644	SH		SOLE		489,833	0	20,811