Vaughan David Investments 13FHR Quarterly holdings report by institutional manager | SEC 2 May 23

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
APPLE INC	aapl	037833100	6,158	37,341	SH		SOLE		33,870	0	3,471
ABBVIE INC	abbv	00287y109	55,638	349,111	SH		SOLE		323,722	0	25,389
ABBOTT LABORATORIES	abt	002824100	41,808	412,874	SH		SOLE		387,578	0	25,296
ACCENTURE PLC-CL A	acn	g1151c101	34,948	122,276	SH		SOLE		112,726	0	9,550
ADOBE INC	adbe	00724F101	224	581	SH		SOLE		425	0	156
ARCHER DANIELS MIDLAND	adm	039483102	221	2,772	SH		SOLE		1,632	0	1,140
AUTOMATIC DATA PROCESSING	adp	053015103	6,947	31,203	SH		SOLE		30,288	0	915
AMEREN CORPORATION	aee	023608102	715	8,278	SH		SOLE		7,053	0	1,225
AMERICAN ELECTRIC POWER	aep	025537101	37,876	416,266	SH		SOLE		386,306	0	29,960
AFLAC INC	afl	001055102	397	6,160	SH		SOLE		5,560	0	600
AMERICAN INTERNATIONAL GRP	aig	026874784	21,369	424,322	SH		SOLE		390,607	0	33,715
ALAMO GROUP INC	alg	011311107	276	1,500	SH		SOLE		1,500	0	0
ALLSTATE CORP	all	020002101	29,518	266,384	SH		SOLE		249,915	0	16,469
APPLIED MATERIALS INC	amat	038222105	303	2,468	SH		SOLE		1,968	0	500
AMGEN INC	amgn	031162100	41,854	173,128	SH		SOLE		163,032	0	10,096
AMAZON.COM INC	amzn	023135106	682	6,605	SH		SOLE		4,385	0	2,220
VANECK VECTORS FALLEN ANGEL HIGH YI	angl	92189f437	291	10,369	SH		SOLE		0	0	10,369
ANTS SOFTWARE INC	ants	037271103	0	46,666	SH		SOLE		46,666	0	0
APOLLO GLOBAL MANAGEMENT LLC	apo	03769m106	34,116	540,155	SH		SOLE		497,567	0	42,588
ATI PHYSICAL THERAPY INC	atip	00216w109	3	10,000	SH		SOLE		10,000	0	0
ACTIVISION BLIZZARD INC	atvi	00507v109	31,890	372,588	SH		SOLE		350,850	0	21,738
BROADCOM INC	avgo	11135f101	45,880	71,515	SH		SOLE		66,438	0	5,077
AMERICAN EXPRESS CO	axp	025816109	42,254	256,162	SH		SOLE		238,845	0	17,317
BOEING CO	ba	097023105	1,760	8,287	SH		SOLE		8,287	0	0
BANK OF AMERICA CORP	bac	060505104	558	19,499	SH		SOLE		19,159	0	340
BOOZ ALLEN HAMILTON HOLDING CORP	bah	099502106	37,978	409,734	SH		SOLE		381,119	0	28,615
BAXTER INTERNATIONAL INC	bax	071813109	227	5,594	SH		SOLE		5,594	0	0
BANK OF NEW YORK MELLON CORP	bk	064058100	736	16,189	SH		SOLE		16,189	0	0
BLACKROCK INC	blk	09247x101	35,400	52,906	SH		SOLE		49,771	0	3,135
BRISTOL MYERS SQUIBB CO	bmy	110122108	40,614	585,978	SH		SOLE		544,765	0	41,213
BP PLC-SPONS ADR	bp	055622104	35,956	947,708	SH		SOLE		875,407	0	72,301
BERKSHIRE HATHAWAY CL A	brk.a	084670108	466	1	SH		SOLE		1	0	0
BERKSHIRE HATHAWAY CL B	brkb	084670702	1,619	5,244	SH		SOLE		4,865	0	379
BROWN & BROWN INC	bro	115236101	5,742	100,000	SH		SOLE		100,000	0	0
INVESCO BULLETSHARES 2023 CORP BOND	bscn	46138j866	9,061	429,834	SH		SOLE		183,984	0	245,850
INVESCO BULLETSHARES 2024 CORP BOND	bsco	46138j841	8,604	417,895	SH		SOLE		180,030	0	237,865
INVESCO BULLETSHARES 2025 CORP BOND	bscp	46138j825	6,015	296,587	SH		SOLE		130,371	0	166,216
INVESCO BULLETSHARES 2026 CORP BOND	bscq	46138j791	4,443	231,872	SH		SOLE		85,786	0	146,086
INVESCO BULLETSHARES 2027 CORP BOND	bscr	46138j783	1,055	54,624	SH		SOLE		24,834	0	29,790
BLACKSTONE INC	bx	09260d107	292	3,325	SH		SOLE		3,325	0	0
CATERPILLAR INC	cat	149123101	22,212	97,062	SH		SOLE		96,884	0	178
COMMERCE BANCSHARES INC	cbsh	200525103	1,096	18,788	SH		SOLE		13,068	0	5,720
CONSTELLATION ENERGY CORP	ceg	21037t109	16,288	207,487	SH		SOLE		195,931	0	11,556
CIGNA GROUP	ci	125523100	35,367	138,407	SH		SOLE		127,167	0	11,240
COLGATE PALMOLIVE CO	cl	194162103	604	8,035	SH		SOLE		6,535	0	1,500
CLOROX COMPANY	clx	189054109	209	1,320	SH		SOLE		1,320	0	0
COMCAST CORP CLASS A	cmcsa	20030N101	25,801	680,574	SH		SOLE		620,739	0	59,835
CONOCOPHILLIPS	cop	20825C104	49,689	500,850	SH		SOLE		466,559	0	34,291
COSTCO WHOLESALE CORP	cost	22160K105	1,007	2,027	SH		SOLE		2,027	0	0
CISCO SYSTEMS INC	csco	17275R102	48,973	936,828	SH		SOLE		884,499	0	52,329
CSX CORP	csx	126408103	1,156	38,600	SH		SOLE		38,600	0	0
CVS HEALTH CORP	cvs	126650100	26,809	360,772	SH		SOLE		329,032	0	31,740
CHEVRON CORPORATION	cvx	166764100	47,637	291,967	SH		SOLE		270,497	0	21,470
DOMINION ENERGY INC	d	25746U109	25,943	464,022	SH		SOLE		428,044	0	35,978
DEERE & CO	de	244199105	70,398	170,505	SH		SOLE		160,594	0	9,911
DISCOVER FINANCIAL SERVICES	dfs	254709108	5,269	53,308	SH		SOLE		51,708	0	1,600
ISHARES CORE DIVIDEND GROWTH ETF	dgro	46434v621	22,453	449,143	SH		SOLE		240,975	0	208,168
THE WALT DISNEY CO	dis	254687106	29,662	296,239	SH		SOLE		276,573	0	19,666
AMDOCS LTD	dox	g02602103	33,270	346,459	SH		SOLE		318,879	0	27,580
DARDEN RESTAURANTS INC	dri	237194105	834	5,375	SH		SOLE		5,375	0	0
DTE ENERGY COMPANY	dte	233331107	28,630	261,368	SH		SOLE		241,834	0	19,534
DT MIDSTREAM INC	dtm	23345m107	2,614	52,954	SH		SOLE		47,324	0	5,630
DUKE ENERGY HOLDING CORP	duk	26441c204	32,325	335,077	SH		SOLE		310,065	0	25,012
CONSOLIDATED EDISON INC	ed	209115104	2,334	24,393	SH		SOLE		24,393	0	0
EDISON INTERNATIONAL	eix	281020107	392	5,560	SH		SOLE		5,560	0	0
EASTMAN CHEMICAL COMPANY	emn	277432100	28,544	338,442	SH		SOLE		313,648	0	24,794
EMERSON ELECTRIC CO	emr	291011104	279	3,200	SH		SOLE		3,200	0	0
ENBRIDGE INC	enb	29250n105	31,357	821,931	SH		SOLE		759,216	0	62,715
EOG RESOURCES INC	eog	26875P101	31,379	273,742	SH		SOLE		253,124	0	20,618
ENTERPRISE PRODUCTS	epd	293792107	219	8,440	SH		SOLE		8,440	0	0
EVERSOURCE ENERGY	es	30040w108	11,390	145,536	SH		SOLE		135,653	0	9,883
EATON CORPORATION PLC F	etn	G29183103	35,378	206,477	SH		SOLE		190,108	0	16,369
ENTERGY CORP	etr	29364G103	33,714	312,923	SH		SOLE		288,257	0	24,666
EVERGY INC	evrg	30034w106	35,440	579,843	SH		SOLE		534,365	0	45,478
EXELON CORPORATION	exc	30161N101	33,047	788,897	SH		SOLE		732,865	0	56,032
FREEPORT MCMORAN INC	fcx	35671D857	223	5,451	SH		SOLE		849	0	4,602
FIRSTENERGY CORP	fe	337932107	37,904	946,188	SH		SOLE		875,639	0	70,549
FIRST HORIZON CORP	fhn	320517105	358	20,142	SH		SOLE		20,142	0	0
GENERAL DYNAMICS CORP	gd	369550108	8,909	39,040	SH		SOLE		37,972	0	1,068
GENERAL ELECTRIC CO	ge	369604301	275	2,878	SH		SOLE		2,297	0	581
GENERAL MILLS INC	gis	370334104	40,607	475,153	SH		SOLE		444,644	0	30,509
SPDR GOLD TRUST	gld	78463v107	804	4,386	SH		SOLE		4,086	0	300
ALPHABET INC CL C	goog	02079k107	633	6,090	SH		SOLE		6,090	0	0
ALPHABET INC CL A	googl	02079k305	722	6,960	SH		SOLE		4,020	0	2,940
GENUINE PARTS CO	gpc	372460105	43,483	259,895	SH		SOLE		240,530	0	19,365
HOME DEPOT INC	hd	437076102	35,126	119,023	SH		SOLE		109,474	0	9,549
HONEYWELL INTERNATL INC	hon	438516106	44,393	232,279	SH		SOLE		219,694	0	12,585
THE HERSHEY COMPANY	hsy	427866108	349	1,370	SH		SOLE		1,370	0	0
INTL BUSINESS MACHINES CORP	ibm	459200101	1,815	13,845	SH		SOLE		13,845	0	0
INTERCONTINENTIAL EXCHANGE INC	ice	45866F104	26,685	255,870	SH		SOLE		235,240	0	20,630
INTEL CORPORATION	intc	458140100	3,520	107,752	SH		SOLE		104,752	0	3,000
ILLINOIS TOOL WORKS	itw	452308109	605	2,485	SH		SOLE		2,485	0	0
ISHARES S&P500 VALUE INDEX ETF	ive	464287408	308	2,028	SH		SOLE		2,028	0	0
ISHARES RUSSELL 2000 GROWTH ETF	iwo	464287648	227	1,000	SH		SOLE		1,000	0	0
ISHARES RUSSELL MIDCAP GROWTH ETF	iwp	464287481	378	4,147	SH		SOLE		4,147	0	0
JOHNSON & JOHNSON	jnj	478160104	45,641	294,461	SH		SOLE		273,759	0	20,702
JP MORGAN CHASE & CO	jpm	46625H100	48,075	368,925	SH		SOLE		345,972	0	22,953
KIMBERLY CLARK CORP	kmb	494368103	32,609	242,955	SH		SOLE		225,895	0	17,060
COCA COLA CO	ko	191216100	36,568	589,529	SH		SOLE		548,202	0	41,327
LINCOLN ELECTRIC HOLDINGS INC	leco	533900106	37,639	222,585	SH		SOLE		204,060	0	18,525
ELI LILLY & CO	lly	532457108	1,225	3,567	SH		SOLE		2,517	0	1,050
LOCKHEED MARTIN CORP	lmt	539830109	38,424	81,281	SH		SOLE		74,572	0	6,709
ALLIANT ENERGY CORP	lnt	018802108	34,889	653,343	SH		SOLE		607,975	0	45,368
LOWES COS INC	low	548661107	1,191	5,957	SH		SOLE		5,957	0	0
LAM RESEARCH CORP	lrcx	512807108	35,014	66,049	SH		SOLE		59,979	0	6,070
MASTERCARD INC	ma	57636q104	204	562	SH		SOLE		522	0	40
MCDONALDS CORPORATION	mcd	580135101	1,617	5,782	SH		SOLE		5,782	0	0
MONDELEZ INTL INC	mdlz	609207105	35,339	506,865	SH		SOLE		467,728	0	39,137
MEDTRONIC PLC	mdt	g5960l103	25,567	317,134	SH		SOLE		292,865	0	24,269
METLIFE INC	met	59156r108	208	3,590	SH		SOLE		3,590	0	0
META PLATFORMS INC CL A	meta	30303m102	426	2,008	SH		SOLE		1,808	0	200
MCCORMICK & CO INC	mkc	579780206	3,455	41,526	SH		SOLE		41,496	0	30
MARSH & MCLENNAN COS	mmc	571748102	42,334	254,183	SH		SOLE		237,693	0	16,490
3M COMPANY	mmm	88579y101	1,586	15,086	SH		SOLE		15,086	0	0
MERCK AND CO INC NEW	mrk	58933y105	38,642	363,210	SH		SOLE		335,797	0	27,413
MICROSOFT CORP	msft	594918104	95,941	332,781	SH		SOLE		317,976	0	14,805
NEXTERA ENERGY INC	nee	65339f101	47,097	611,013	SH		SOLE		569,578	0	41,435
NATIONAL FUEL GAS CO	nfg	636180101	260	4,500	SH		SOLE		4,500	0	0
NORTHROP GRUMMAN CORP	noc	666807102	625	1,354	SH		SOLE		1,185	0	169
NORFOLK SOUTHERN CORP	nsc	655844108	4,664	22,002	SH		SOLE		21,802	0	200
NESTLE SA SPONSORED ADR	nsrgy	641069406	295	2,427	SH		SOLE		2,427	0	0
NVIDIA CORP	nvda	67066G104	637	2,295	SH		SOLE		1,479	0	816
OGE ENERGY CORP	oge	670837103	392	10,400	SH		SOLE		10,400	0	0
OMNICOM GROUP	omc	681919106	38,654	409,731	SH		SOLE		376,203	0	33,528
ORACLE CORP	orcl	68389X105	54,395	585,393	SH		SOLE		553,449	0	31,944
O'REILLY AUTOMOTIVE INC	orly	67103h107	329	388	SH		SOLE		338	0	50
PAYCHEX INC	payx	704326107	222	1,940	SH		SOLE		600	0	1,340
PHILLIPS EDISON & CO INC	peco	71844v201	649	19,882	SH		SOLE		19,882	0	0
PEPSICO INC	pep	713448108	47,816	262,290	SH		SOLE		244,878	0	17,412
PFIZER INC	pfe	717081103	962	23,588	SH		SOLE		22,588	0	1,000
PROCTER & GAMBLE CO	pg	742718109	43,710	293,966	SH		SOLE		275,568	0	18,398
PROGRESSIVE CORP	pgr	743315103	598	4,183	SH		SOLE		3,148	0	1,035
POLARIS INDUSTRIES INC	pii	731068102	23,625	213,553	SH		SOLE		193,605	0	19,948
PHILIP MORRIS INTL	pm	718172109	29,961	308,082	SH		SOLE		281,945	0	26,137
PNC FINANCIAL SERVICES GROUP	pnc	693475105	29,124	229,145	SH		SOLE		213,555	0	15,590
PORTLAND GENERAL ELECTRIC CO	por	736508847	2,061	42,147	SH		SOLE		40,147	0	2,000
PPG INDUSTRIES INC	ppg	693506107	32,046	239,899	SH		SOLE		223,622	0	16,277
PRIMERICA INC	pri	74164m108	254	1,472	SH		SOLE		1,142	0	330
PHILLIPS 66	psx	718546104	482	4,756	SH		SOLE		4,756	0	0
QUALCOMM INC	qcom	747525103	44,652	349,989	SH		SOLE		326,715	0	23,274
INVESCO QQQ TRUST SERIES 1	qqq	46090e103	338	1,054	SH		SOLE		1,054	0	0
REGIONS FINANCIAL CORP	rf	7591EP100	29,477	1,588,222	SH		SOLE		1,465,893	0	122,329
REINSURANCE GROUP OF AMERICA INC	rga	759351604	29,736	223,980	SH		SOLE		204,780	0	19,200
RLI CORP	rli	749607107	19,647	147,819	SH		SOLE		147,819	0	0
RPM INTERNATIONAL INC	rpm	749685103	3,763	43,136	SH		SOLE		42,036	0	1,100
INVESCO S&P 500 EQUAL WEIGHT ETF	rsp	46137v357	13,455	93,035	SH		SOLE		93,035	0	0
RAYTHEON TECHNOLOGIES CORP	rtx	75513e101	484	4,938	SH		SOLE		4,938	0	0
STARBUCKS CORP	sbux	855244109	35,180	337,848	SH		SOLE		311,004	0	26,844
SCHWAB US BROAD MKT ETF	schb	808524102	663	13,850	SH		SOLE		13,850	0	0
SCHWAB US DVD EQUITY ETF	schd	808524797	24,037	328,559	SH		SOLE		181,853	0	146,706
CHARLES SCHWAB CORP	schw	808513105	27,291	521,021	SH		SOLE		482,148	0	38,873
SCHWAB US AGGREGATE BOND ETF	schz	808524839	621	13,228	SH		SOLE		5,733	0	7,495
SHELL PLC ADR	shel	780259305	461	8,010	SH		SOLE		8,010	0	0
SIEMENS AG-SPONS ADR	siegy	826197501	235	2,905	SH		SOLE		2,480	0	425
SOUTHERN CO	so	842587107	36,497	524,529	SH		SOLE		486,129	0	38,400
S&P GLOBAL INC	spgi	78409v104	40,029	116,103	SH		SOLE		109,784	0	6,319
SPDR S&P 500 ETF TRUST	spy	78462f103	1,610	3,933	SH		SOLE		2,204	0	1,729
SEMPRA	sre	816851109	229	1,516	SH		SOLE		1,516	0	0
ISHARES 0-5 YEAR TIPS BOND	stip	46429b747	318	3,200	SH		SOLE		0	0	3,200
CONSTELLATION BRANDS INC	stz	21036p108	27,300	120,855	SH		SOLE		111,773	0	9,082
STANLEY BLACK & DECKER INC.	swk	854502101	19,386	240,583	SH		SOLE		221,202	0	19,381
STRYKER CORP	syk	863667101	1,163	4,075	SH		SOLE		4,075	0	0
AT&T INC	t	00206R102	32,872	1,707,661	SH		SOLE		1,582,445	0	125,216
TRUIST FINANCIAL CORP	tfc	89832q109	23,398	686,160	SH		SOLE		635,038	0	51,122
TARGET CORP	tgt	87612e106	44,451	268,375	SH		SOLE		250,962	0	17,413
THERMO FISHER SCIENTIFIC INC	tmo	883556102	293	509	SH		SOLE		209	0	300
T ROWE PRICE ASSOCIATES	trow	74144t108	655	5,802	SH		SOLE		5,802	0	0
TC ENERGY CORP	trp	87807b107	720	18,514	SH		SOLE		17,614	0	900
TRAVELERS COMPANIES INC	trv	89417e109	1,185	6,915	SH		SOLE		6,915	0	0
TEXAS INSTRUMENTS INC	txn	882508104	51,176	275,126	SH		SOLE		259,921	0	15,205
UNITEDHEALTH GROUP	unh	91324P102	66,248	140,180	SH		SOLE		132,466	0	7,714
UNION PACIFIC CORP	unp	907818108	961	4,776	SH		SOLE		4,776	0	0
UNITED PARCEL SERVICE B	ups	911312106	4,912	25,321	SH		SOLE		25,321	0	0
US BANCORP	usb	902973304	23,755	658,945	SH		SOLE		609,418	0	49,527
VISA INC CLASS A SHARES	v	92826c839	322	1,427	SH		SOLE		1,069	0	358
VANGUARD SHORT-TERM CORPORATE ETF	vcsh	92206c409	665	8,722	SH		SOLE		5,332	0	3,390
VANGUARD FTSE DEV MKTS ETF	vea	921943858	369	8,170	SH		SOLE		0	0	8,170
VERU INC	veru	92536c103	17	15,000	SH		SOLE		15,000	0	0
VANGUARD DIVIDEND APPRECIATION ETF	vig	921908844	917	5,954	SH		SOLE		5,029	0	925
VANGUARD S&P 500 ETF	voo	922908363	263	700	SH		SOLE		0	0	700
VANGUARD GROWTH ETF	vug	922908736	294	1,177	SH		SOLE		577	0	600
VERIZON COMMUNICATIONS	vz	92343v104	32,157	826,859	SH		SOLE		767,243	0	59,616
WARNER BROS DISCOVERY INC	wbd	934423104	520	34,415	SH		SOLE		28,501	0	5,914
WEC ENERGY GROUP INC	wec	92939u106	262	2,763	SH		SOLE		2,763	0	0
WASTE MANAGEMENT INC	wm	94106L109	281	1,725	SH		SOLE		1,725	0	0
WILLIAMS COS INC	wmb	969457100	29,371	983,618	SH		SOLE		900,341	0	83,277
WALMART INC	wmt	931142103	1,363	9,244	SH		SOLE		8,826	0	418
WORTHINGTON INDUSTRIES INC	wor	981811102	360	5,563	SH		SOLE		5,563	0	0
WILLIAMS SONOMA	wsm	969904101	219	1,800	SH		SOLE		1,800	0	0
XCEL ENERGY	xel	98389B100	38,773	574,924	SH		SOLE		533,416	0	41,508
COMMUNICATION SERV SEL SEC SPDR ETF	xlc	81369y852	2,382	41,092	SH		SOLE		22,220	0	18,872
ENERGY SELECT SECTOR SPDR	xle	81369y506	4,620	55,779	SH		SOLE		30,520	0	25,259
FINANCIAL SELECT SECTOR SPDR	xlf	81369y605	4,356	135,505	SH		SOLE		76,036	0	59,469
INDUSTRIAL SELECT SECTOR SPDR	xli	81369y704	899	8,884	SH		SOLE		7,952	0	932
TECHNOLOGY SELECT SECTOR SPDR	xlk	81369y803	806	5,337	SH		SOLE		5,337	0	0
UTILITIES SELECT SECTOR SPDR	xlu	81369Y886	9,818	145,044	SH		SOLE		77,465	0	67,579
HEALTH CARE SELECT SECTOR SPDR	xlv	81369y209	4,241	32,762	SH		SOLE		20,912	0	11,850
EXXON MOBIL CORPORATION	xom	30231g102	5,191	47,335	SH		SOLE		47,269	0	66
YUM! BRANDS INC	yum	988498101	282	2,138	SH		SOLE		2,138	0	0

Vaughan David Investments 13F-HRQuarterly holdings report by institutional manager