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	26,659	152,517	SH		SOLE		144,963	0	7,554
ABBOTT LABORATORIES	COM	002824100	46,735	426,840	SH		SOLE		408,633	0	18,207
ABBVIE INC	COM	00287y109	33,311	310,878	SH		SOLE		295,008	0	15,870
ACCENTURE PLC-CL A	COM	g1151c101	30,134	115,362	SH		SOLE		108,907	0	6,455
ADOBE INC	COM	00724F101	225	450	SH		SOLE		435	0	15
AFLAC INC	COM	001055102	698	15,685	SH		SOLE		13,985	0	1,700
ALAMO GROUP INC	COM	011311107	207	1,500	SH		SOLE		1,500	0	0
ALLIANT ENERGY CORP	COM	018802108	29,558	573,604	SH		SOLE		545,444	0	28,160
ALLSTATE CORP	COM	020002101	26,192	238,264	SH		SOLE		227,841	0	10,423
ALPHABET INC CL A	COM	02079k305	405	231	SH		SOLE		200	0	31
ALPHABET INC CL C	COM	02079k107	426	243	SH		SOLE		231	0	12
ALTRIA GROUP INC	COM	02209S103	296	7,212	SH		SOLE		7,212	0	0
AMAZON.COM INC	COM	023135106	945	290	SH		SOLE		256	0	34
AMEREN CORPORATION	COM	023608102	645	8,264	SH		SOLE		7,586	0	678
AMERICAN ELECTRIC POWER	COM	025537101	29,396	353,022	SH		SOLE		335,594	0	17,428
AMERICAN EXPRESS CO	COM	025816109	30,505	252,297	SH		SOLE		240,363	0	11,934
AMGEN INC	COM	031162100	39,102	170,066	SH		SOLE		162,692	0	7,374
ANTS SOFTWARE INC	COM	037271103	0	46,666	SH		SOLE		46,666	0	0
APPLE INC	COM	037833100	4,636	34,939	SH		SOLE		33,599	0	1,340
APPLIED MATERIALS INC	COM	038222105	247	2,868	SH		SOLE		2,868	0	0
AT&T INC	COM	00206R102	37,478	1,303,136	SH		SOLE		1,243,131	0	60,005
AUTOMATIC DATA PROCESSING	COM	053015103	25,042	142,123	SH		SOLE		133,258	0	8,865
BANK OF AMERICA CORP	COM	060505104	643	21,229	SH		SOLE		21,229	0	0
BANK OF NEW YORK MELLON CORP	COM	064058100	20,434	481,472	SH		SOLE		455,738	0	25,734
BAXTER INTERNATIONAL INC	COM	071813109	564	7,029	SH		SOLE		7,029	0	0
BECTON DICKINSON & CO	COM	075887109	276	1,104	SH		SOLE		1,104	0	0
BERKSHIRE HATHAWAY CL A	COM	084670108	348	1	SH		SOLE		1	0	0
BERKSHIRE HATHAWAY CL B	COM	084670702	1,254	5,408	SH		SOLE		5,286	0	122
BLACKROCK INC	COM	09247x101	37,092	51,407	SH		SOLE		49,313	0	2,094
BOEING CO	COM	097023105	2,575	12,028	SH		SOLE		11,928	0	100
BP PLC-SPONS ADR	COM	055622104	17,137	835,122	SH		SOLE		789,191	0	45,931
BRISTOL MYERS SQUIBB CO	COM	110122108	31,623	509,796	SH		SOLE		482,996	0	26,800
BROWN & BROWN INC	COM	115236101	4,750	100,200	SH		SOLE		100,200	0	0
CATERPILLAR INC	COM	149123101	12,710	69,825	SH		SOLE		69,425	0	400
CHARLES SCHWAB CORP	COM	808513105	24,902	469,495	SH		SOLE		444,601	0	24,894
CHARTER COMMUNICATIONS (NEW)	COM	16119p108	360	544	SH		SOLE		544	0	0
CHEVRON CORPORATION	COM	166764100	23,083	273,330	SH		SOLE		258,136	0	15,195
CIGNA CORP NEW	COM	125523100	228	1,093	SH		SOLE		1,088	0	5
CISCO SYSTEMS INC	COM	17275R102	41,798	934,041	SH		SOLE		894,690	0	39,351
CLOROX COMPANY	COM	189054109	351	1,736	SH		SOLE		1,736	0	0
COCA COLA CO	COM	191216100	29,018	529,140	SH		SOLE		503,375	0	25,765
COLGATE PALMOLIVE CO	COM	194162103	784	9,165	SH		SOLE		6,665	0	2,500
COMCAST CORP CLASS A	COM	20030N101	27,838	531,257	SH		SOLE		501,882	0	29,375
COMMERCE BANCSHARES INC	COM	200525103	1,492	22,705	SH		SOLE		17,517	0	5,188
COMMUNICATION SERV SEL SEC SPDR ETF	COM	81369y852	1,062	15,738	SH		SOLE		9,367	0	6,371
CONOCOPHILLIPS	COM	20825C104	20,515	513,001	SH		SOLE		488,424	0	24,577
CONSOLIDATED EDISON INC	COM	209115104	2,463	34,082	SH		SOLE		34,030	0	52
CONSUMER DISC SELECT SECTOR SPDR	COM	81369Y407	1,589	9,882	SH		SOLE		9,882	0	0
COSTCO WHOLESALE CORP	COM	22160K105	643	1,707	SH		SOLE		1,692	0	15
CSX CORP	COM	126408103	1,243	13,700	SH		SOLE		13,700	0	0
CVS HEALTH CORP	COM	126650100	20,535	300,661	SH		SOLE		282,372	0	18,289
DARDEN RESTAURANTS INC	COM	237194105	792	6,652	SH		SOLE		6,652	0	0
DEERE & CO	COM	244199105	56,329	209,364	SH		SOLE		200,275	0	9,089
DISCOVER FINANCIAL SERVICES	COM	254709108	35,494	392,072	SH		SOLE		372,667	0	19,405
DOMINION ENERGY INC	COM	25746U109	24,996	332,391	SH		SOLE		313,917	0	18,474
DOW INC	COM	260557103	257	4,633	SH		SOLE		4,633	0	0
DTE ENERGY COMPANY	COM	233331107	25,921	213,500	SH		SOLE		202,345	0	11,155
DUKE ENERGY HOLDING CORP	COM	26441c204	26,898	293,772	SH		SOLE		276,708	0	17,064
DUPONT DE NEMOURS INC	COM	26614n102	264	3,709	SH		SOLE		3,709	0	0
EASTMAN CHEMICAL COMPANY	COM	277432100	32,684	325,930	SH		SOLE		310,890	0	15,040
EDISON INTERNATIONAL	COM	281020107	351	5,580	SH		SOLE		5,580	0	0
ELI LILLY & CO	COM	532457108	541	3,203	SH		SOLE		3,203	0	0
EMERSON ELECTRIC CO	COM	291011104	295	3,674	SH		SOLE		3,674	0	0
ENBRIDGE INC	COM	29250n105	23,015	719,447	SH		SOLE		680,032	0	39,415
ENERGY SELECT SECTOR SPDR	COM	81369y506	1,778	46,924	SH		SOLE		32,850	0	14,074
ENTERGY CORP	COM	29364G103	23,554	235,922	SH		SOLE		221,380	0	14,542
EVERGY INC	COM	30034w106	24,973	449,889	SH		SOLE		422,201	0	27,688
EVERSOURCE ENERGY	COM	30040w108	32,655	377,468	SH		SOLE		357,166	0	20,302
EXELON CORPORATION	COM	30161N101	26,634	630,831	SH		SOLE		601,754	0	29,077
EXXON MOBIL CORPORATION	COM	30231g102	2,105	51,065	SH		SOLE		51,065	0	0
FACEBOOK INC A	COM	30303m102	551	2,016	SH		SOLE		2,016	0	0
FINANCIAL SELECT SECTOR SPDR	COM	81369Y605	3,142	106,570	SH		SOLE		72,639	0	33,931
FIRST HORIZON CORP	COM	320517105	257	20,142	SH		SOLE		20,142	0	0
FIRSTENERGY CORP	COM	337932107	23,643	772,390	SH		SOLE		730,666	0	41,725
GENERAL DYNAMICS CORP	COM	369550108	23,256	156,272	SH		SOLE		149,680	0	6,592
GENERAL ELECTRIC CO	COM	369604103	425	39,366	SH		SOLE		36,304	0	3,062
GENERAL MILLS INC	COM	370334104	27,594	469,289	SH		SOLE		446,328	0	22,961
GENUINE PARTS CO	COM	372460105	25,592	254,821	SH		SOLE		241,962	0	12,859
HEALTH CARE SELECT SECTOR SPDR	COM	81369Y209	3,596	31,698	SH		SOLE		23,775	0	7,923
HOME DEPOT INC	COM	437076102	27,842	104,820	SH		SOLE		98,875	0	5,945
HONEYWELL INTERNATL INC	COM	438516106	49,286	231,714	SH		SOLE		222,502	0	9,212
ILLINOIS TOOL WORKS	COM	452308109	516	2,533	SH		SOLE		2,533	0	0
INDUSTRIAL SELECT SECTOR SPDR	COM	81369y704	804	9,084	SH		SOLE		9,084	0	0
INTEL CORPORATION	COM	458140100	41,596	834,931	SH		SOLE		796,860	0	38,071
INTL BUSINESS MACHINES CORP	COM	459200101	3,067	24,362	SH		SOLE		24,042	0	320
INTUITIVE SURGICAL INC	COM	46120E602	294	359	SH		SOLE		359	0	0
INVESCO BULLETSHARES 2021 CORP BOND	COM	46138j700	5,146	242,631	SH		SOLE		134,266	0	108,365
INVESCO BULLETSHARES 2022 CORP BOND	COM	46138j882	4,287	197,104	SH		SOLE		102,445	0	94,659
INVESCO BULLETSHARES 2023 CORP BOND	COM	46138j866	3,696	168,747	SH		SOLE		80,219	0	88,528
INVESCO BULLETSHARES 2024 CORP BOND	COM	46138j841	1,605	71,692	SH		SOLE		35,545	0	36,147
INVESCO BULLETSHARES 2025 CORP BOND	COM	46138j825	1,039	45,930	SH		SOLE		16,181	0	29,749
INVESCO QQQ TRUST SERIES 1	COM	46090e103	403	1,286	SH		SOLE		1,286	0	0
ISHARES CORE DIVIDEND GROWTH ETF	COM	46434v621	11,992	267,550	SH		SOLE		171,862	0	95,688
ISHARES CORE MSCI EMERGING MKTS ETF	COM	46434g103	844	13,599	SH		SOLE		13,599	0	0
ISHARES MSCI EAFE ETF	COM	464287465	5,692	78,021	SH		SOLE		78,021	0	0
ISHARES RUSSELL 3000 ETF	COM	464287689	12,245	54,775	SH		SOLE		54,775	0	0
ISHARES S&P500 VALUE INDEX ETF	COM	464287408	238	1,856	SH		SOLE		1,856	0	0
JOHNSON & JOHNSON	COM	478160104	44,803	284,679	SH		SOLE		269,948	0	14,731
JP MORGAN CHASE & CO	COM	46625H100	45,828	360,652	SH		SOLE		344,443	0	16,209
KIMBERLY CLARK CORP	COM	494368103	27,582	204,567	SH		SOLE		194,403	0	10,164
KROGER CO	COM	501044101	237	7,465	SH		SOLE		7,165	0	300
LOCKHEED MARTIN CORP	COM	539830109	10,221	28,794	SH		SOLE		26,989	0	1,805
LOWES COS INC	COM	548661107	972	6,054	SH		SOLE		6,054	0	0
MARSH & MCLENNAN COS	COM	571748102	31,879	272,467	SH		SOLE		258,891	0	13,576
MASCO CORP	COM	574599106	214	3,900	SH		SOLE		3,900	0	0
MCCORMICK & CO INC	COM	579780206	5,546	58,008	SH		SOLE		57,728	0	280
MCDONALDS CORPORATION	COM	580135101	1,309	6,101	SH		SOLE		6,101	0	0
MEDTRONIC PLC	COM	g5960l103	25,831	220,516	SH		SOLE		207,602	0	12,914
MERCK AND CO INC NEW	COM	58933y105	24,199	295,828	SH		SOLE		277,568	0	18,260
METLIFE INC	COM	59156r108	482	10,275	SH		SOLE		9,775	0	500
MICROSOFT CORP	COM	594918104	95,599	429,813	SH		SOLE		415,608	0	14,205
MONDELEZ INTL INC	COM	609207105	25,365	433,806	SH		SOLE		409,071	0	24,735
NATIONAL FUEL GAS CO	COM	636180101	283	6,883	SH		SOLE		6,883	0	0
NATIONAL GRID PLC	COM	636274409	260	4,404	SH		SOLE		2,741	0	1,663
NESTLE SA SPONSORED ADR	COM	641069406	311	2,643	SH		SOLE		2,643	0	0
NEW JERSEY RESOURCES CORP	COM	646025106	210	5,900	SH		SOLE		5,900	0	0
NEXTERA ENERGY INC	COM	65339f101	47,324	613,398	SH		SOLE		579,780	0	33,618
NORFOLK SOUTHERN CORP	COM	655844108	28,430	119,650	SH		SOLE		112,248	0	7,402
NORTHROP GRUMMAN CORP	COM	666807102	413	1,356	SH		SOLE		1,356	0	0
OGE ENERGY CORP	COM	670837103	316	9,934	SH		SOLE		9,934	0	0
OMNICOM GROUP	COM	681919106	22,540	361,390	SH		SOLE		341,015	0	20,375
ORACLE CORP	COM	68389X105	39,254	606,798	SH		SOLE		583,763	0	23,035
PEPSICO INC	COM	713448108	36,835	248,383	SH		SOLE		237,010	0	11,373
PFIZER INC	COM	717081103	2,522	68,516	SH		SOLE		67,016	0	1,500
PHILIP MORRIS INTL	COM	718172109	22,612	273,126	SH		SOLE		257,276	0	15,850
PHILLIPS 66	COM	718546104	435	6,218	SH		SOLE		6,218	0	0
PHILLIPS EDISON & COMPANY	COM	71844v102	410	46,846	SH		SOLE		46,846	0	0
PNC FINANCIAL SERVICES GROUP	COM	693475105	33,092	222,091	SH		SOLE		211,127	0	10,964
PORTLAND GENERAL ELECTRIC CO	COM	736508847	2,513	58,746	SH		SOLE		56,369	0	2,377
PPG INDUSTRIES INC	COM	693506107	30,415	210,892	SH		SOLE		202,012	0	8,880
PRIMERICA INC	COM	74164m108	25,080	187,260	SH		SOLE		177,175	0	10,085
PROCTER & GAMBLE CO	COM	742718109	39,040	280,578	SH		SOLE		267,903	0	12,675
PROGRESSIVE CORP	COM	743315103	27,973	282,902	SH		SOLE		268,172	0	14,730
QUALCOMM INC	COM	747525103	54,250	356,110	SH		SOLE		337,580	0	18,531
QUEST DIAGNOSTICS INC	COM	74834L100	28,685	240,702	SH		SOLE		227,992	0	12,710
RAYTHEON TECHNOLOGIES CORP	COM	75513e101	446	6,243	SH		SOLE		6,243	0	0
RLI CORP	COM	749607107	213,688	2,051,737	SH		SOLE		2,051,637	0	100
ROYAL DUTCH SHELL PLC A	COM	780259206	257	7,305	SH		SOLE		7,305	0	0
RPM INTERNATIONAL INC	COM	749685103	5,722	63,030	SH		SOLE		58,768	0	4,262
S&P GLOBAL INC	COM	78409v104	40,624	123,578	SH		SOLE		118,896	0	4,682
SCHWAB US AGGREGATE BOND ETF	COM	808524839	944	16,841	SH		SOLE		6,506	0	10,335
SCHWAB US BROAD MKT ETF	COM	808524102	469	5,151	SH		SOLE		5,151	0	0
SCHWAB US DVD EQUITY ETF	COM	808524797	13,474	210,071	SH		SOLE		139,060	0	71,011
SCHWAB US LARGE GROWTH ETF	COM	808524300	345	2,689	SH		SOLE		2,689	0	0
SEMPRA ENERGY	COM	816851109	235	1,843	SH		SOLE		1,843	0	0
SHERWIN WILLIAMS CO	COM	824348106	415	565	SH		SOLE		565	0	0
SOUTH JERSEY INDUSTRIES	COM	838518108	415	19,247	SH		SOLE		13,152	0	6,095
SOUTHERN CO	COM	842587107	29,552	481,069	SH		SOLE		454,209	0	26,860
SPDR GOLD TRUST	COM	78463v107	242	1,355	SH		SOLE		1,355	0	0
SPDR S&P 500 ETF TRUST	COM	78462f103	1,793	4,796	SH		SOLE		2,280	0	2,516
STANLEY BLACK & DECKER INC.	COM	854502101	35,154	196,875	SH		SOLE		187,000	0	9,875
STARBUCKS CORP	COM	855244109	491	4,592	SH		SOLE		4,542	0	50
STRYKER CORP	COM	863667101	1,037	4,230	SH		SOLE		4,230	0	0
T ROWE PRICE ASSOCIATES	COM	74144t108	32,480	214,548	SH		SOLE		203,566	0	10,982
TARGET CORP	COM	87612E106	51,455	291,479	SH		SOLE		277,663	0	13,816
TC ENERGY CORP	COM	87807b107	20,649	507,087	SH		SOLE		480,646	0	26,441
TECHNOLOGY SELECT SECTOR SPDR	COM	81369Y803	1,235	9,497	SH		SOLE		9,497	0	0
TESLA INC	COM	88160r101	206	292	SH		SOLE		292	0	0
TEXAS INSTRUMENTS INC	COM	882508104	55,331	337,116	SH		SOLE		323,380	0	13,735
THE HERSHEY COMPANY	COM	427866108	212	1,389	SH		SOLE		1,389	0	0
THE WALT DISNEY CO	COM	254687106	50,382	278,079	SH		SOLE		266,377	0	11,702
TRANE TECHNOLOGIES PLC	COM	g8994e103	209	1,440	SH		SOLE		1,440	0	0
TRAVELERS COMPANIES INC	COM	89417e109	1,184	8,437	SH		SOLE		8,437	0	0
TRUIST FINANCIAL CORP	COM	89832q109	29,369	612,756	SH		SOLE		579,286	0	33,469
UNION PACIFIC CORP	COM	907818108	1,047	5,028	SH		SOLE		4,928	0	100
UNITED PARCEL SERVICE B	COM	911312106	39,267	233,178	SH		SOLE		223,146	0	10,032
UNITEDHEALTH GROUP	COM	91324P102	54,453	155,279	SH		SOLE		149,692	0	5,587
US BANCORP	COM	902973304	26,612	571,202	SH		SOLE		540,292	0	30,910
UTILITIES SELECT SECTOR SPDR	COM	81369Y886	6,029	96,154	SH		SOLE		63,001	0	33,153
VANGUARD DIVIDEND APPRECIATION ETF	COM	921908844	934	6,615	SH		SOLE		5,355	0	1,260
VANGUARD FTSE EMERGING MARKETS ETF	COM	922042858	1,436	28,649	SH		SOLE		28,649	0	0
VANGUARD GROWTH ETF	COM	922908736	1,825	7,203	SH		SOLE		7,203	0	0
VANGUARD S&P 500 ETF	COM	922908363	2,268	6,598	SH		SOLE		5,110	0	1,488
VANGUARD SHORT-TERM CORPORATE ETF	COM	92206c409	1,053	12,652	SH		SOLE		7,497	0	5,155
VANGUARD SHORT-TERM BOND ETF	COM	921937827	564	6,807	SH		SOLE		6,807	0	0
VANGUARD TOTAL BOND MKT	COM	921937835	271	3,078	SH		SOLE		3,078	0	0
VERIZON COMMUNICATIONS	COM	92343v104	41,994	714,785	SH		SOLE		679,706	0	35,079
VISA INC CLASS A SHARES	COM	92826c839	212	967	SH		SOLE		967	0	0
WALGREENS BOOTS ALLIANCE INC	COM	931427108	248	6,207	SH		SOLE		6,007	0	200
WALMART INC	COM	931142103	1,351	9,370	SH		SOLE		9,370	0	0
WASTE MANAGEMENT INC	COM	94106L109	211	1,792	SH		SOLE		1,792	0	0
WEC ENERGY GROUP INC	COM	92939u106	534	5,798	SH		SOLE		5,798	0	0
WELLS FARGO & COMPANY	COM	949746101	347	11,495	SH		SOLE		11,295	0	200
WESTERN DIGITAL CORP	COM	958102105	298	5,372	SH		SOLE		5,222	0	150
WILLIAMS COS INC	COM	969457100	17,365	866,061	SH		SOLE		810,471	0	55,590
WILLIAMS SONOMA	COM	969904101	204	2,000	SH		SOLE		2,000	0	0
WORTHINGTON INDUSTRIES INC	COM	981811102	429	8,363	SH		SOLE		8,363	0	0
XCEL ENERGY	COM	98389B100	34,783	521,724	SH		SOLE		494,999	0	26,725
YUM! BRANDS INC	COM	988498101	232	2,138	SH		SOLE		2,138	0	0