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
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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	24,131	150,652	SH		SOLE		144,737	0	5,915
ABBOTT LABORATORIES	COM	002824100	46,936	431,274	SH		SOLE		415,797	0	15,477
ABBVIE INC	COM	00287y109	26,606	303,755	SH		SOLE		290,735	0	13,020
ACCENTURE PLC-CL A	COM	g1151c101	24,948	110,396	SH		SOLE		105,446	0	4,950
ADOBE INC	COM	00724F101	247	504	SH		SOLE		489	0	15
AFLAC INC	COM	001055102	18,978	522,085	SH		SOLE		499,950	0	22,135
ALIBABA GROUP HOLDING LTD	COM	01609w102	255	866	SH		SOLE		866	0	0
ALLIANT ENERGY CORP	COM	018802108	29,244	566,188	SH		SOLE		543,533	0	22,655
ALLSTATE CORP	COM	020002101	22,427	238,225	SH		SOLE		229,511	0	8,714
ALPHABET INC CL A	COM	02079k305	353	241	SH		SOLE		241	0	0
ALPHABET INC CL C	COM	02079k107	428	291	SH		SOLE		286	0	5
ALTRIA GROUP INC	COM	02209S103	244	6,312	SH		SOLE		6,312	0	0
AMAZON.COM INC	COM	023135106	1,499	476	SH		SOLE		476	0	0
AMEREN CORPORATION	COM	023608102	652	8,246	SH		SOLE		7,568	0	678
AMERICAN ELECTRIC POWER	COM	025537101	28,387	347,322	SH		SOLE		333,682	0	13,640
AMERICAN EXPRESS CO	COM	025816109	25,289	252,264	SH		SOLE		242,389	0	9,875
AMGEN INC	COM	031162100	42,997	169,175	SH		SOLE		163,213	0	5,962
ANTS SOFTWARE INC	COM	037271103	0	46,666	SH		SOLE		46,666	0	0
APPLE INC	COM	037833100	5,193	44,844	SH		SOLE		43,472	0	1,372
AT&T INC	COM	00206R102	37,420	1,312,510	SH		SOLE		1,263,795	0	48,715
AUTOMATIC DATA PROCESSING	COM	053015103	483	3,462	SH		SOLE		3,442	0	20
BANK OF AMERICA CORP	COM	060505104	508	21,068	SH		SOLE		21,068	0	0
BANK OF NEW YORK MELLON CORP	COM	064058100	16,356	476,296	SH		SOLE		455,716	0	20,580
BAXTER INTERNATIONAL INC	COM	071813109	630	7,829	SH		SOLE		7,829	0	0
BECTON DICKINSON & CO	COM	075887109	282	1,212	SH		SOLE		1,212	0	0
BERKSHIRE HATHAWAY CL A	COM	084670108	320	1	SH		SOLE		1	0	0
BERKSHIRE HATHAWAY CL B	COM	084670702	1,260	5,917	SH		SOLE		5,770	0	147
BLACKROCK INC	COM	09247x101	29,315	52,018	SH		SOLE		50,412	0	1,606
BOEING CO	COM	097023105	2,079	12,580	SH		SOLE		12,580	0	0
BP PLC-SPONS ADR	COM	055622104	14,978	857,844	SH		SOLE		818,789	0	39,055
BRISTOL MYERS SQUIBB CO	COM	110122108	30,024	497,988	SH		SOLE		475,958	0	22,030
BROWN & BROWN INC	COM	115236101	4,536	100,200	SH		SOLE		100,200	0	0
CATERPILLAR INC	COM	149123101	11,046	74,063	SH		SOLE		73,263	0	800
CHARLES SCHWAB CORP	COM	808513105	16,741	462,073	SH		SOLE		441,179	0	20,894
CHARTER COMMUNICATIONS (NEW)	COM	16119p108	340	544	SH		SOLE		544	0	0
CHEVRON CORPORATION	COM	166764100	18,633	258,792	SH		SOLE		247,962	0	10,830
CISCO SYSTEMS INC	COM	17275R102	36,943	937,866	SH		SOLE		904,599	0	33,267
CLOROX COMPANY	COM	189054109	361	1,720	SH		SOLE		1,720	0	0
COCA COLA CO	COM	191216100	25,707	520,694	SH		SOLE		500,379	0	20,315
COLGATE PALMOLIVE CO	COM	194162103	729	9,446	SH		SOLE		7,046	0	2,400
COMCAST CORP CLASS A	COM	20030N101	23,611	510,400	SH		SOLE		485,825	0	24,575
COMMERCE BANCSHARES INC	COM	200525103	940	16,691	SH		SOLE		16,691	0	0
COMMUNICATION SERV SEL SEC SPDR ETF	COM	81369y852	754	12,698	SH		SOLE		6,954	0	5,744
CONOCOPHILLIPS	COM	20825C104	16,610	505,794	SH		SOLE		485,629	0	20,165
CONSOLIDATED EDISON INC	COM	209115104	3,078	39,563	SH		SOLE		39,363	0	200
CONSUMER DISC SELECT SECTOR SPDR	COM	81369Y407	1,452	9,882	SH		SOLE		9,882	0	0
COSTCO WHOLESALE CORP	COM	22160K105	605	1,704	SH		SOLE		1,689	0	15
CSX CORP	COM	126408103	1,064	13,700	SH		SOLE		13,700	0	0
CVS HEALTH CORP	COM	126650100	17,126	293,253	SH		SOLE		278,618	0	14,635
DARDEN RESTAURANTS INC	COM	237194105	670	6,652	SH		SOLE		6,652	0	0
DEERE & CO	COM	244199105	47,571	214,640	SH		SOLE		206,710	0	7,930
DISCOVER FINANCIAL SERVICES	COM	254709108	22,691	392,712	SH		SOLE		377,057	0	15,655
DOMINION ENERGY INC	COM	25746U109	25,200	319,269	SH		SOLE		305,269	0	14,000
DOW INC	COM	260557103	219	4,658	SH		SOLE		4,658	0	0
DTE ENERGY COMPANY	COM	233331107	23,863	207,432	SH		SOLE		198,442	0	8,990
DUKE ENERGY HOLDING CORP	COM	26441c204	25,356	286,319	SH		SOLE		272,352	0	13,967
DUPONT DE NEMOURS INC	COM	26614n102	207	3,722	SH		SOLE		3,722	0	0
EASTMAN CHEMICAL COMPANY	COM	277432100	24,753	316,861	SH		SOLE		306,356	0	10,505
EDISON INTERNATIONAL	COM	281020107	284	5,580	SH		SOLE		5,580	0	0
ELI LILLY & CO	COM	532457108	471	3,185	SH		SOLE		3,185	0	0
EMERSON ELECTRIC CO	COM	291011104	241	3,674	SH		SOLE		3,674	0	0
ENBRIDGE INC	COM	29250n105	19,539	669,130	SH		SOLE		639,052	0	30,078
ENERGY SELECT SECTOR SPDR	COM	81369y506	1,129	37,704	SH		SOLE		26,209	0	11,495
EVERGY INC	COM	30034w106	20,908	411,415	SH		SOLE		391,254	0	20,161
EVERSOURCE ENERGY	COM	30040w108	31,350	375,223	SH		SOLE		358,403	0	16,820
EXELON CORPORATION	COM	30161N101	21,314	596,035	SH		SOLE		574,480	0	21,555
EXXON MOBIL CORPORATION	COM	30231g102	1,779	51,835	SH		SOLE		51,835	0	0
FACEBOOK INC A	COM	30303m102	527	2,013	SH		SOLE		2,013	0	0
FINANCIAL SELECT SECTOR SPDR	COM	81369Y605	2,985	123,999	SH		SOLE		87,193	0	36,806
FIRST HORIZON NATIONAL CORP	COM	320517105	190	20,142	SH		SOLE		20,142	0	0
FIRSTENERGY CORP	COM	337932107	19,846	691,268	SH		SOLE		660,222	0	31,045
GENERAL DYNAMICS CORP	COM	369550108	21,924	158,373	SH		SOLE		152,963	0	5,410
GENERAL ELECTRIC CO	COM	369604103	261	41,856	SH		SOLE		41,356	0	500
GENERAL MILLS INC	COM	370334104	28,875	468,141	SH		SOLE		448,796	0	19,345
GENUINE PARTS CO	COM	372460105	23,947	251,626	SH		SOLE		241,191	0	10,435
HEALTH CARE SELECT SECTOR SPDR	COM	81369Y209	2,796	26,508	SH		SOLE		20,438	0	6,070
HOME DEPOT INC	COM	437076102	28,666	103,223	SH		SOLE		98,308	0	4,915
HONEYWELL INTERNATL INC	COM	438516106	38,723	235,239	SH		SOLE		227,509	0	7,730
ILLINOIS TOOL WORKS	COM	452308109	519	2,686	SH		SOLE		2,686	0	0
INDUSTRIAL SELECT SECTOR SPDR	COM	81369y704	699	9,084	SH		SOLE		9,084	0	0
INTEL CORPORATION	COM	458140100	43,378	837,743	SH		SOLE		806,447	0	31,296
INTL BUSINESS MACHINES CORP	COM	459200101	22,873	187,996	SH		SOLE		180,456	0	7,540
INTUITIVE SURGICAL INC	COM	46120E602	275	388	SH		SOLE		388	0	0
INVESCO BULLETSHARES 2020 CORP BOND	COM	46138j502	872	41,097	SH		SOLE		33,822	0	7,275
INVESCO BULLETSHARES 2021 CORP BOND	COM	46138j700	3,686	172,875	SH		SOLE		88,830	0	84,045
INVESCO BULLETSHARES 2022 CORP BOND	COM	46138j882	3,316	151,841	SH		SOLE		79,987	0	71,854
INVESCO BULLETSHARES 2023 CORP BOND	COM	46138j866	2,647	121,495	SH		SOLE		55,817	0	65,678
INVESCO BULLETSHARES 2024 CORP BOND	COM	46138j841	1,754	79,064	SH		SOLE		39,217	0	39,847
INVESCO BULLETSHARES 2025 CORP BOND	COM	46138j825	1,194	53,415	SH		SOLE		21,076	0	32,339
INVESCO QQQ TRUST SERIES 1	COM	46090e103	357	1,286	SH		SOLE		1,286	0	0
ISHARES CORE DIVIDEND GROWTH ETF	COM	46434v621	9,655	242,648	SH		SOLE		156,897	0	85,751
ISHARES CORE MSCI EMERGING MKTS ETF	COM	46434g103	702	13,296	SH		SOLE		13,296	0	0
ISHARES MSCI EAFE ETF	COM	464287465	4,966	78,021	SH		SOLE		78,021	0	0
ISHARES RUSSELL 3000 ETF	COM	464287689	10,720	54,775	SH		SOLE		54,775	0	0
ISHARES RUSSELL MIDCAP ETF	COM	464287499	316	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	42,368	284,576	SH		SOLE		272,492	0	12,084
JP MORGAN CHASE & CO	COM	46625H100	34,895	362,466	SH		SOLE		348,863	0	13,603
KIMBERLY CLARK CORP	COM	494368103	29,402	199,118	SH		SOLE		191,158	0	7,960
KROGER CO	COM	501044101	367	10,825	SH		SOLE		10,475	0	350
LOCKHEED MARTIN CORP	COM	539830109	404	1,055	SH		SOLE		1,055	0	0
LOWES COS INC	COM	548661107	1,004	6,056	SH		SOLE		6,056	0	0
MARSH & MCLENNAN COS	COM	571748102	31,336	273,199	SH		SOLE		261,910	0	11,289
MASCO CORP	COM	574599106	215	3,900	SH		SOLE		3,900	0	0
MCCORMICK & CO INC	COM	579780206	6,848	35,280	SH		SOLE		35,140	0	140
MCDONALDS CORPORATION	COM	580135101	1,444	6,578	SH		SOLE		6,578	0	0
MEDTRONIC PLC	COM	g5960l103	21,851	210,270	SH		SOLE		200,115	0	10,155
MERCK AND CO INC NEW	COM	58933y105	23,767	286,528	SH		SOLE		271,578	0	14,950
METLIFE INC	COM	59156r108	475	12,775	SH		SOLE		12,275	0	500
MICROSOFT CORP	COM	594918104	98,289	467,307	SH		SOLE		454,569	0	12,738
MONDELEZ INTL INC	COM	609207105	23,483	408,751	SH		SOLE		389,121	0	19,630
NATIONAL FUEL GAS CO	COM	636180101	279	6,883	SH		SOLE		6,283	0	600
NATIONAL GRID PLC	COM	636274409	17,553	303,742	SH		SOLE		285,506	0	18,236
NESTLE SA SPONSORED ADR	COM	641069406	310	2,597	SH		SOLE		2,597	0	0
NEXTERA ENERGY INC	COM	65339f101	43,074	155,189	SH		SOLE		148,014	0	7,175
NORFOLK SOUTHERN CORP	COM	655844108	25,647	119,853	SH		SOLE		113,341	0	6,512
NORTHROP GRUMMAN CORP	COM	666807102	428	1,356	SH		SOLE		1,356	0	0
OGE ENERGY CORP	COM	670837103	298	9,934	SH		SOLE		9,934	0	0
ORACLE CORP	COM	68389X105	36,163	605,753	SH		SOLE		587,053	0	18,700
PEPSICO INC	COM	713448108	34,391	248,132	SH		SOLE		238,935	0	9,198
PFIZER INC	COM	717081103	2,950	80,373	SH		SOLE		78,998	0	1,375
PHILIP MORRIS INTL	COM	718172109	19,511	260,185	SH		SOLE		247,940	0	12,245
PHILLIPS 66	COM	718546104	322	6,203	SH		SOLE		6,203	0	0
PNC FINANCIAL SERVICES GROUP	COM	693475105	24,292	221,013	SH		SOLE		211,893	0	9,120
PORTLAND GENERAL ELECTRIC CO	COM	736508847	2,748	77,396	SH		SOLE		72,856	0	4,540
PPG INDUSTRIES INC	COM	693506107	25,740	210,846	SH		SOLE		203,471	0	7,375
PROCTER & GAMBLE CO	COM	742718109	38,839	279,439	SH		SOLE		268,945	0	10,494
PROGRESSIVE CORP	COM	743315103	27,121	286,480	SH		SOLE		274,500	0	11,980
QUALCOMM INC	COM	747525103	42,519	361,312	SH		SOLE		345,520	0	15,791
QUEST DIAGNOSTICS INC	COM	74834L100	27,440	239,668	SH		SOLE		229,072	0	10,595
RAYTHEON TECHNOLOGIES CORP	COM	75513e101	385	6,691	SH		SOLE		6,691	0	0
RLI CORP	COM	749607107	172,775	2,063,482	SH		SOLE		2,063,482	0	0
RPM INTERNATIONAL INC	COM	749685103	6,302	76,071	SH		SOLE		70,871	0	5,200
S&P GLOBAL INC	COM	78409v104	46,100	127,842	SH		SOLE		123,857	0	3,985
SCHWAB US AGGREGATE BOND ETF	COM	808524839	1,136	20,259	SH		SOLE		9,644	0	10,615
SCHWAB US BROAD MKT ETF	COM	808524102	299	3,751	SH		SOLE		3,751	0	0
SCHWAB US DVD EQUITY ETF	COM	808524797	10,806	195,412	SH		SOLE		131,272	0	64,140
SCHWAB US LARGE GROWTH ETF	COM	808524300	292	2,539	SH		SOLE		2,539	0	0
SEMPRA ENERGY	COM	816851109	218	1,843	SH		SOLE		1,843	0	0
SHERWIN WILLIAMS CO	COM	824348106	394	565	SH		SOLE		565	0	0
SOUTH JERSEY INDUSTRIES	COM	838518108	12,843	666,489	SH		SOLE		637,609	0	28,880
SOUTHERN CO	COM	842587107	25,828	476,347	SH		SOLE		454,272	0	22,075
SPDR GOLD TRUST	COM	78463v107	240	1,355	SH		SOLE		1,355	0	0
SPDR S&P 500 ETF TRUST	COM	78462f103	1,623	4,846	SH		SOLE		2,330	0	2,516
STANLEY BLACK & DECKER INC.	COM	854502101	32,739	201,845	SH		SOLE		192,760	0	9,085
STARBUCKS CORP	COM	855244109	388	4,516	SH		SOLE		4,466	0	50
STRYKER CORP	COM	863667101	902	4,330	SH		SOLE		4,330	0	0
T ROWE PRICE ASSOCIATES	COM	74144t108	27,686	215,926	SH		SOLE		206,991	0	8,935
TARGET CORP	COM	87612E106	46,898	297,917	SH		SOLE		286,316	0	11,601
TC ENERGY CORP	COM	87807b107	20,309	483,327	SH		SOLE		462,062	0	21,265
TECHNOLOGY SELECT SECTOR SPDR	COM	81369Y803	1,085	9,297	SH		SOLE		9,297	0	0
TESLA INC	COM	88160r101	233	542	SH		SOLE		542	0	0
TEXAS INSTRUMENTS INC	COM	882508104	49,027	343,352	SH		SOLE		331,852	0	11,500
THE WALT DISNEY CO	COM	254687106	34,929	281,500	SH		SOLE		272,117	0	9,383
TRAVELERS COMPANIES INC	COM	89417e109	945	8,737	SH		SOLE		8,737	0	0
TRUIST FINANCIAL CORP	COM	89832q109	22,935	602,754	SH		SOLE		574,908	0	27,845
UNION PACIFIC CORP	COM	907818108	1,045	5,310	SH		SOLE		5,210	0	100
UNITED PARCEL SERVICE B	COM	911312106	39,474	236,896	SH		SOLE		228,013	0	8,883
UNITEDHEALTH GROUP	COM	91324P102	49,450	158,609	SH		SOLE		154,114	0	4,495
US BANCORP	COM	902973304	20,001	557,902	SH		SOLE		533,421	0	24,481
UTILITIES SELECT SECTOR SPDR	COM	81369Y886	5,077	85,507	SH		SOLE		55,694	0	29,813
VANGUARD DIVIDEND APPRECIATION ETF	COM	921908844	898	6,981	SH		SOLE		5,871	0	1,110
VANGUARD FTSE EMERGING MARKETS ETF	COM	922042858	1,234	28,534	SH		SOLE		28,534	0	0
VANGUARD S&P 500 ETF	COM	922908363	485	1,578	SH		SOLE		90	0	1,488
VANGUARD SHORT-TERM CORPORATE ETF	COM	92206c409	1,185	14,307	SH		SOLE		9,072	0	5,235
VANGUARD SHORT-TERM BOND ETF	COM	921937827	565	6,807	SH		SOLE		6,807	0	0
VANGUARD TOTAL BOND MKT	COM	921937835	272	3,078	SH		SOLE		3,078	0	0
VERIZON COMMUNICATIONS	COM	92343v104	42,397	712,667	SH		SOLE		683,803	0	28,864
VISA INC CLASS A SHARES	COM	92826c839	202	1,008	SH		SOLE		1,008	0	0
WALGREENS BOOTS ALLIANCE INC	COM	931427108	223	6,207	SH		SOLE		6,207	0	0
WALMART INC	COM	931142103	1,359	9,711	SH		SOLE		9,711	0	0
WASTE MANAGEMENT INC	COM	94106L109	204	1,799	SH		SOLE		1,799	0	0
WEC ENERGY GROUP INC	COM	92939u106	504	5,200	SH		SOLE		5,200	0	0
WELLS FARGO & COMPANY	COM	949746101	353	15,000	SH		SOLE		14,900	0	100
WESTERN DIGITAL CORP	COM	958102105	265	7,245	SH		SOLE		7,195	0	50
WILLIAMS COS INC	COM	969457100	16,446	836,941	SH		SOLE		792,861	0	44,080
WORTHINGTON INDUSTRIES INC	COM	981811102	533	13,063	SH		SOLE		13,063	0	0
XCEL ENERGY	COM	98389B100	35,619	516,136	SH		SOLE		494,200	0	21,936