# EDGAR Filing Document

**Accession Number:** 0001063571
**File Stem:** 0001063571-23-000001
**Filing Date:** 2023-2
**Character Count:** 23089
**Document Hash:** cfa83ddfe355659e494258c3395d5895
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001063571-23-000001.hdr.sgml**: 20230207

**ACCESSION NUMBER**: 0001063571-23-000001

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230207

**DATE AS OF CHANGE**: 20230207

**EFFECTIVENESS DATE**: 20230207

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VAUGHAN DAVID INVESTMENTS LLC/IL
- **CENTRAL INDEX KEY:** 0001063571
- **IRS NUMBER:** 371272863
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-07218
- **FILM NUMBER:** 23593244

**BUSINESS ADDRESS:**
- **STREET 1:** 5823 N FOREST PARK DR
- **CITY:** PEORIA
- **STATE:** IL
- **ZIP:** 61614
- **BUSINESS PHONE:** 3096850033

**MAIL ADDRESS:**
- **STREET 1:** 5823 N FOREST PARK DR
- **CITY:** PEORIA
- **STATE:** IL
- **ZIP:** 61614

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** VAUGHAN DAVID INVESTMENTS INC/IL
- **DATE OF NAME CHANGE:** 19990322

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** VAUGHAN DAVID INVESTMENTS LLC/IL<br>**Address:** 5823 N FOREST PARK DR<br>PEORIA, IL 61614

**Form 13F File Number:** 028-07218

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Lawrence Williams IV<br>**Title:** Chairman President  CEO<br>**Phone:** 309-685-0033

**Signature, Place, and Date of Signing:**

Lawrence Williams IV  Peoria, IL  02-07-2023<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 199

**Form 13F Information Table Value Total:** $3360644

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| APPLE INC | aapl | 037833100 |  | 5183 | 39893 | SH |  | SOLE |  | 36422 | 0 | 3471 |
| ABBVIE INC | abbv | 00287y109 |  | 56932 | 352281 | SH |  | SOLE |  | 324967 | 0 | 27314 |
| ABBOTT LABORATORIES | abt | 002824100 |  | 45238 | 412039 | SH |  | SOLE |  | 385783 | 0 | 26256 |
| ACCENTURE PLC-CL A | acn | g1151c101 |  | 32469 | 121681 | SH |  | SOLE |  | 111701 | 0 | 9980 |
| ADOBE INC | adbe | 00724F101 |  | 247 | 735 | SH |  | SOLE |  | 425 | 0 | 310 |
| ARCHER DANIELS MIDLAND | adm | 039483102 |  | 257 | 2772 | SH |  | SOLE |  | 1632 | 0 | 1140 |
| AUTOMATIC DATA PROCESSING | adp | 053015103 |  | 8434 | 35310 | SH |  | SOLE |  | 33455 | 0 | 1855 |
| AMEREN CORPORATION | aee | 023608102 |  | 718 | 8078 | SH |  | SOLE |  | 6853 | 0 | 1225 |
| AMERICAN ELECTRIC POWER | aep | 025537101 |  | 39439 | 415366 | SH |  | SOLE |  | 384210 | 0 | 31155 |
| AFLAC INC | afl | 001055102 |  | 558 | 7760 | SH |  | SOLE |  | 7160 | 0 | 600 |
| AMERICAN INTERNATIONAL GRP | aig | 026874784 |  | 25930 | 410022 | SH |  | SOLE |  | 376222 | 0 | 33800 |
| ALAMO GROUP INC | alg | 011311107 |  | 212 | 1500 | SH |  | SOLE |  | 1500 | 0 | 0 |
| ALLSTATE CORP | all | 020002101 |  | 35916 | 264868 | SH |  | SOLE |  | 247529 | 0 | 17339 |
| APPLIED MATERIALS INC | amat | 038222105 |  | 240 | 2468 | SH |  | SOLE |  | 1968 | 0 | 500 |
| AMGEN INC | amgn | 031162100 |  | 45636 | 173757 | SH |  | SOLE |  | 163159 | 0 | 10598 |
| AMAZON.COM INC | amzn | 023135106 |  | 583 | 6945 | SH |  | SOLE |  | 4745 | 0 | 2200 |
| VANECK VECTORS FALLEN ANGEL HIGH YI | angl | 92189f437 |  | 280 | 10369 | SH |  | SOLE |  | 0 | 0 | 10369 |
| ANTS SOFTWARE INC | ants | 037271103 |  | 0 | 46666 | SH |  | SOLE |  | 46666 | 0 | 0 |
| APOLLO GLOBAL MANAGEMENT LLC | apo | 03769m106 |  | 34607 | 542515 | SH |  | SOLE |  | 496992 | 0 | 45523 |
| ATI PHYSICAL THERAPY INC | atip | 00216w109 |  | 3 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| ACTIVISION BLIZZARD INC | atvi | 00507v109 |  | 28196 | 368338 | SH |  | SOLE |  | 344275 | 0 | 24063 |
| BROADCOM INC | avgo | 11135f101 |  | 40278 | 72037 | SH |  | SOLE |  | 66525 | 0 | 5512 |
| AMERICAN EXPRESS CO | axp | 025816109 |  | 38104 | 257894 | SH |  | SOLE |  | 239392 | 0 | 18502 |
| BOEING CO | ba | 097023105 |  | 1683 | 8837 | SH |  | SOLE |  | 8837 | 0 | 0 |
| BANK OF AMERICA CORP | bac | 060505104 |  | 673 | 20330 | SH |  | SOLE |  | 18837 | 0 | 1493 |
| BOOZ ALLEN HAMILTON HOLDING CORP | bah | 099502106 |  | 42933 | 410764 | SH |  | SOLE |  | 379969 | 0 | 30795 |
| BAXTER INTERNATIONAL INC | bax | 071813109 |  | 298 | 5844 | SH |  | SOLE |  | 5844 | 0 | 0 |
| BANK OF NEW YORK MELLON CORP | bk | 064058100 |  | 949 | 20844 | SH |  | SOLE |  | 20844 | 0 | 0 |
| BLACKROCK INC | blk | 09247x101 |  | 37751 | 53273 | SH |  | SOLE |  | 49818 | 0 | 3455 |
| BRISTOL MYERS SQUIBB CO | bmy | 110122108 |  | 42151 | 585832 | SH |  | SOLE |  | 541664 | 0 | 44168 |
| BP PLC-SPONS ADR | bp | 055622104 |  | 32959 | 943586 | SH |  | SOLE |  | 866292 | 0 | 77294 |
| BERKSHIRE HATHAWAY CL A | brk.a | 084670108 |  | 469 | 1 | SH |  | SOLE |  | 1 | 0 | 0 |
| BERKSHIRE HATHAWAY CL B | brkb | 084670702 |  | 1620 | 5244 | SH |  | SOLE |  | 4865 | 0 | 379 |
| BROWN  BROWN INC | bro | 115236101 |  | 5697 | 100000 | SH |  | SOLE |  | 100000 | 0 | 0 |
| INVESCO BULLETSHARES 2023 CORP BOND | bscn | 46138j866 |  | 8993 | 428667 | SH |  | SOLE |  | 177632 | 0 | 251035 |
| INVESCO BULLETSHARES 2024 CORP BOND | bsco | 46138j841 |  | 8351 | 407644 | SH |  | SOLE |  | 169459 | 0 | 238185 |
| INVESCO BULLETSHARES 2025 CORP BOND | bscp | 46138j825 |  | 5160 | 256199 | SH |  | SOLE |  | 98103 | 0 | 158096 |
| INVESCO BULLETSHARES 2026 CORP BOND | bscq | 46138j791 |  | 3589 | 189624 | SH |  | SOLE |  | 53253 | 0 | 136371 |
| INVESCO BULLETSHARES 2027 CORP BOND | bscr | 46138j783 |  | 600 | 31580 | SH |  | SOLE |  | 13595 | 0 | 17985 |
| BLACKSTONE INC | bx | 09260d107 |  | 247 | 3325 | SH |  | SOLE |  | 3325 | 0 | 0 |
| CATERPILLAR INC | cat | 149123101 |  | 24110 | 100645 | SH |  | SOLE |  | 100367 | 0 | 278 |
| COMMERCE BANCSHARES INC | cbsh | 200525103 |  | 1279 | 18788 | SH |  | SOLE |  | 13068 | 0 | 5720 |
| CONSTELLATION ENERGY CORP | ceg | 21037t109 |  | 18119 | 210170 | SH |  | SOLE |  | 197699 | 0 | 12471 |
| CIGNA CORP NEW | ci | 125523100 |  | 46198 | 139427 | SH |  | SOLE |  | 127227 | 0 | 12200 |
| COLGATE PALMOLIVE CO | cl | 194162103 |  | 633 | 8035 | SH |  | SOLE |  | 6535 | 0 | 1500 |
| COMCAST CORP CLASS A | cmcsa | 20030N101 |  | 21850 | 624808 | SH |  | SOLE |  | 563303 | 0 | 61505 |
| CONOCOPHILLIPS | cop | 20825C104 |  | 59653 | 505530 | SH |  | SOLE |  | 469469 | 0 | 36061 |
| COSTCO WHOLESALE CORP | cost | 22160K105 |  | 895 | 1960 | SH |  | SOLE |  | 1960 | 0 | 0 |
| CISCO SYSTEMS INC | csco | 17275R102 |  | 44703 | 938342 | SH |  | SOLE |  | 882466 | 0 | 55876 |
| CSX CORP | csx | 126408103 |  | 1196 | 38600 | SH |  | SOLE |  | 38600 | 0 | 0 |
| CVS HEALTH CORP | cvs | 126650100 |  | 33234 | 356622 | SH |  | SOLE |  | 323827 | 0 | 32795 |
| CHEVRON CORPORATION | cvx | 166764100 |  | 52879 | 294604 | SH |  | SOLE |  | 271500 | 0 | 23105 |
| DOMINION ENERGY INC | d | 25746U109 |  | 26956 | 439592 | SH |  | SOLE |  | 401674 | 0 | 37918 |
| DEERE  CO | de | 244199105 |  | 73843 | 172224 | SH |  | SOLE |  | 161698 | 0 | 10526 |
| DISCOVER FINANCIAL SERVICES | dfs | 254709108 |  | 37229 | 380544 | SH |  | SOLE |  | 355515 | 0 | 25029 |
| ISHARES CORE DIVIDEND GROWTH ETF | dgro | 46434v621 |  | 21706 | 434122 | SH |  | SOLE |  | 230775 | 0 | 203347 |
| QUEST DIAGNOSTICS INC | dgx | 74834L100 |  | 686 | 4385 | SH |  | SOLE |  | 4100 | 0 | 285 |
| THE WALT DISNEY CO | dis | 254687106 |  | 25794 | 296889 | SH |  | SOLE |  | 276430 | 0 | 20459 |
| AMDOCS LTD | dox | g02602103 |  | 31610 | 347744 | SH |  | SOLE |  | 318474 | 0 | 29270 |
| DARDEN RESTAURANTS INC | dri | 237194105 |  | 744 | 5375 | SH |  | SOLE |  | 5375 | 0 | 0 |
| DTE ENERGY COMPANY | dte | 233331107 |  | 29860 | 254061 | SH |  | SOLE |  | 233437 | 0 | 20624 |
| DT MIDSTREAM INC | dtm | 23345m107 |  | 3236 | 58554 | SH |  | SOLE |  | 52824 | 0 | 5730 |
| DUKE ENERGY HOLDING CORP | duk | 26441c204 |  | 34108 | 331181 | SH |  | SOLE |  | 305084 | 0 | 26097 |
| CONSOLIDATED EDISON INC | ed | 209115104 |  | 2332 | 24468 | SH |  | SOLE |  | 24468 | 0 | 0 |
| EDISON INTERNATIONAL | eix | 281020107 |  | 354 | 5560 | SH |  | SOLE |  | 5560 | 0 | 0 |
| EASTMAN CHEMICAL COMPANY | emn | 277432100 |  | 27572 | 338562 | SH |  | SOLE |  | 312918 | 0 | 25644 |
| EMERSON ELECTRIC CO | emr | 291011104 |  | 303 | 3150 | SH |  | SOLE |  | 3150 | 0 | 0 |
| ENBRIDGE INC | enb | 29250n105 |  | 31875 | 815215 | SH |  | SOLE |  | 749883 | 0 | 65332 |
| EOG RESOURCES INC | eog | 26875P101 |  | 34683 | 267782 | SH |  | SOLE |  | 246619 | 0 | 21163 |
| ENTERPRISE PRODUCTS | epd | 293792107 |  | 204 | 8440 | SH |  | SOLE |  | 8440 | 0 | 0 |
| EVERSOURCE ENERGY | es | 30040w108 |  | 14200 | 169370 | SH |  | SOLE |  | 156372 | 0 | 12998 |
| EATON CORPORATION PLC F | etn | G29183103 |  | 31969 | 203692 | SH |  | SOLE |  | 186858 | 0 | 16834 |
| ENTERGY CORP | etr | 29364G103 |  | 34520 | 306848 | SH |  | SOLE |  | 280887 | 0 | 25961 |
| EVERGY INC | evrg | 30034w106 |  | 35711 | 567471 | SH |  | SOLE |  | 518373 | 0 | 49098 |
| EXELON CORPORATION | exc | 30161N101 |  | 33673 | 778931 | SH |  | SOLE |  | 719319 | 0 | 59612 |
| FREEPORT MCMORAN INC | fcx | 35671D857 |  | 207 | 5451 | SH |  | SOLE |  | 849 | 0 | 4602 |
| FIRSTENERGY CORP | fe | 337932107 |  | 39502 | 941874 | SH |  | SOLE |  | 868320 | 0 | 73554 |
| FIRST HORIZON CORP | fhn | 320517105 |  | 493 | 20142 | SH |  | SOLE |  | 20142 | 0 | 0 |
| GENERAL DYNAMICS CORP | gd | 369550108 |  | 9806 | 39524 | SH |  | SOLE |  | 38426 | 0 | 1098 |
| GENERAL ELECTRIC CO | ge | 369604301 |  | 262 | 3129 | SH |  | SOLE |  | 2548 | 0 | 581 |
| GENERAL MILLS INC | gis | 370334104 |  | 40268 | 480234 | SH |  | SOLE |  | 447900 | 0 | 32334 |
| SPDR GOLD TRUST | gld | 78463v107 |  | 744 | 4386 | SH |  | SOLE |  | 4086 | 0 | 300 |
| ALPHABET INC CL C | goog | 02079k107 |  | 588 | 6630 | SH |  | SOLE |  | 6630 | 0 | 0 |
| ALPHABET INC CL A | googl | 02079k305 |  | 688 | 7800 | SH |  | SOLE |  | 4580 | 0 | 3220 |
| GENUINE PARTS CO | gpc | 372460105 |  | 46057 | 265445 | SH |  | SOLE |  | 244190 | 0 | 21255 |
| HOME DEPOT INC | hd | 437076102 |  | 37623 | 119113 | SH |  | SOLE |  | 109014 | 0 | 10099 |
| HONEYWELL INTERNATL INC | hon | 438516106 |  | 49736 | 232087 | SH |  | SOLE |  | 218402 | 0 | 13685 |
| THE HERSHEY COMPANY | hsy | 427866108 |  | 317 | 1370 | SH |  | SOLE |  | 1370 | 0 | 0 |
| INTL BUSINESS MACHINES CORP | ibm | 459200101 |  | 1982 | 14069 | SH |  | SOLE |  | 14069 | 0 | 0 |
| INTERCONTINENTIAL EXCHANGE INC | ice | 45866F104 |  | 25258 | 246205 | SH |  | SOLE |  | 223855 | 0 | 22350 |
| INTEL CORPORATION | intc | 458140100 |  | 4458 | 168664 | SH |  | SOLE |  | 165464 | 0 | 3200 |
| INTUITIVE SURGICAL INC | isrg | 46120E602 |  | 283 | 1065 | SH |  | SOLE |  | 1065 | 0 | 0 |
| ILLINOIS TOOL WORKS | itw | 452308109 |  | 547 | 2485 | SH |  | SOLE |  | 2485 | 0 | 0 |
| ISHARES S VALUE INDEX ETF | ive | 464287408 |  | 304 | 2093 | SH |  | SOLE |  | 2093 | 0 | 0 |
| ISHARES RUSSELL 2000 GROWTH ETF | iwo | 464287648 |  | 215 | 1000 | SH |  | SOLE |  | 1000 | 0 | 0 |
| ISHARES RUSSELL MIDCAP GROWTH ETF | iwp | 464287481 |  | 347 | 4147 | SH |  | SOLE |  | 4147 | 0 | 0 |
| JOHNSON  JOHNSON | jnj | 478160104 |  | 51909 | 293850 | SH |  | SOLE |  | 271942 | 0 | 21908 |
| JP MORGAN CHASE  CO | jpm | 46625H100 |  | 49617 | 370001 | SH |  | SOLE |  | 345368 | 0 | 24633 |
| KIMBERLY CLARK CORP | kmb | 494368103 |  | 32750 | 241251 | SH |  | SOLE |  | 222771 | 0 | 18480 |
| COCA COLA CO | ko | 191216100 |  | 37493 | 589418 | SH |  | SOLE |  | 545726 | 0 | 43692 |
| LINCOLN ELECTRIC HOLDINGS INC | leco | 533900106 |  | 32409 | 224300 | SH |  | SOLE |  | 204425 | 0 | 19875 |
| ELI LILLY  CO | lly | 532457108 |  | 1312 | 3585 | SH |  | SOLE |  | 2535 | 0 | 1050 |
| LOCKHEED MARTIN CORP | lmt | 539830109 |  | 39553 | 81303 | SH |  | SOLE |  | 74024 | 0 | 7279 |
| ALLIANT ENERGY CORP | lnt | 018802108 |  | 35985 | 651783 | SH |  | SOLE |  | 603025 | 0 | 48758 |
| LOWES COS INC | low | 548661107 |  | 1170 | 5873 | SH |  | SOLE |  | 5873 | 0 | 0 |
| LAM RESEARCH CORP | lrcx | 512807108 |  | 27420 | 65239 | SH |  | SOLE |  | 58789 | 0 | 6450 |
| MCDONALDS CORPORATION | mcd | 580135101 |  | 1516 | 5753 | SH |  | SOLE |  | 5753 | 0 | 0 |
| MONDELEZ INTL INC | mdlz | 609207105 |  | 33608 | 504247 | SH |  | SOLE |  | 462475 | 0 | 41772 |
| MEDTRONIC PLC | mdt | g5960l103 |  | 22704 | 292121 | SH |  | SOLE |  | 266977 | 0 | 25144 |
| METLIFE INC | met | 59156r108 |  | 260 | 3589 | SH |  | SOLE |  | 3589 | 0 | 0 |
| META PLATFORMS INC CL A | meta | 30303m102 |  | 258 | 2145 | SH |  | SOLE |  | 1945 | 0 | 200 |
| MCCORMICK  CO INC | mkc | 579780206 |  | 3484 | 42026 | SH |  | SOLE |  | 41996 | 0 | 30 |
| MARSH  MCLENNAN COS | mmc | 571748102 |  | 42627 | 257597 | SH |  | SOLE |  | 239742 | 0 | 17855 |
| 3M COMPANY | mmm | 88579y101 |  | 2164 | 18049 | SH |  | SOLE |  | 18049 | 0 | 0 |
| ALTRIA GROUP INC | mo | 02209S103 |  | 248 | 5419 | SH |  | SOLE |  | 5419 | 0 | 0 |
| MERCK AND CO INC NEW | mrk | 58933y105 |  | 40587 | 365810 | SH |  | SOLE |  | 336257 | 0 | 29553 |
| MICROSOFT CORP | msft | 594918104 |  | 80467 | 335530 | SH |  | SOLE |  | 320190 | 0 | 15340 |
| NEXTERA ENERGY INC | nee | 65339f101 |  | 50938 | 609309 | SH |  | SOLE |  | 564809 | 0 | 44500 |
| NATIONAL FUEL GAS CO | nfg | 636180101 |  | 285 | 4500 | SH |  | SOLE |  | 4500 | 0 | 0 |
| NORTHROP GRUMMAN CORP | noc | 666807102 |  | 739 | 1354 | SH |  | SOLE |  | 1185 | 0 | 169 |
| NORFOLK SOUTHERN CORP | nsc | 655844108 |  | 6103 | 24767 | SH |  | SOLE |  | 24542 | 0 | 225 |
| NESTLE SA SPONSORED ADR | nsrgy | 641069406 |  | 280 | 2427 | SH |  | SOLE |  | 2427 | 0 | 0 |
| NVIDIA CORP | nvda | 67066G104 |  | 306 | 2095 | SH |  | SOLE |  | 1279 | 0 | 816 |
| OGE ENERGY CORP | oge | 670837103 |  | 411 | 10400 | SH |  | SOLE |  | 10400 | 0 | 0 |
| OMNICOM GROUP | omc | 681919106 |  | 33862 | 415126 | SH |  | SOLE |  | 378753 | 0 | 36373 |
| ORACLE CORP | orcl | 68389X105 |  | 48166 | 589260 | SH |  | SOLE |  | 555340 | 0 | 33920 |
| O'REILLY AUTOMOTIVE INC | orly | 67103h107 |  | 327 | 388 | SH |  | SOLE |  | 338 | 0 | 50 |
| PAYCHEX INC | payx | 704326107 |  | 224 | 1940 | SH |  | SOLE |  | 600 | 0 | 1340 |
| PHILLIPS EDISON  CO INC | peco | 71844v201 |  | 633 | 19882 | SH |  | SOLE |  | 19882 | 0 | 0 |
| PEPSICO INC | pep | 713448108 |  | 47568 | 263302 | SH |  | SOLE |  | 244505 | 0 | 18797 |
| PFIZER INC | pfe | 717081103 |  | 1299 | 25347 | SH |  | SOLE |  | 24547 | 0 | 800 |
| PROCTER  GAMBLE CO | pg | 742718109 |  | 44409 | 293015 | SH |  | SOLE |  | 273247 | 0 | 19768 |
| PROGRESSIVE CORP | pgr | 743315103 |  | 562 | 4333 | SH |  | SOLE |  | 3298 | 0 | 1035 |
| POLARIS INDUSTRIES INC | pii | 731068102 |  | 21199 | 209888 | SH |  | SOLE |  | 188455 | 0 | 21433 |
| PHILIP MORRIS INTL | pm | 718172109 |  | 30938 | 305685 | SH |  | SOLE |  | 277633 | 0 | 28052 |
| PNC FINANCIAL SERVICES GROUP | pnc | 693475105 |  | 35664 | 225810 | SH |  | SOLE |  | 209270 | 0 | 16540 |
| PORTLAND GENERAL ELECTRIC CO | por | 736508847 |  | 2065 | 42147 | SH |  | SOLE |  | 40147 | 0 | 2000 |
| PPG INDUSTRIES INC | ppg | 693506107 |  | 29984 | 238459 | SH |  | SOLE |  | 220997 | 0 | 17462 |
| PRIMERICA INC | pri | 74164m108 |  | 275 | 1938 | SH |  | SOLE |  | 1248 | 0 | 690 |
| PHILLIPS 66 | psx | 718546104 |  | 495 | 4756 | SH |  | SOLE |  | 4756 | 0 | 0 |
| QUALCOMM INC | qcom | 747525103 |  | 38764 | 352588 | SH |  | SOLE |  | 327438 | 0 | 25150 |
| INVESCO QQQ TRUST SERIES 1 | qqq | 46090e103 |  | 281 | 1054 | SH |  | SOLE |  | 1054 | 0 | 0 |
| REGIONS FINANCIAL CORP | rf | 7591EP100 |  | 33978 | 1575963 | SH |  | SOLE |  | 1443995 | 0 | 131968 |
| RLI CORP | rli | 749607107 |  | 19417 | 147919 | SH |  | SOLE |  | 147919 | 0 | 0 |
| RPM INTERNATIONAL INC | rpm | 749685103 |  | 4347 | 44604 | SH |  | SOLE |  | 43504 | 0 | 1100 |
| INVESCO S 500 EQUAL WEIGHT ETF | rsp | 46137v357 |  | 13130 | 92957 | SH |  | SOLE |  | 92957 | 0 | 0 |
| RAYTHEON TECHNOLOGIES CORP | rtx | 75513e101 |  | 498 | 4938 | SH |  | SOLE |  | 4938 | 0 | 0 |
| STARBUCKS CORP | sbux | 855244109 |  | 33575 | 338453 | SH |  | SOLE |  | 309554 | 0 | 28899 |
| SCHWAB US DVD EQUITY ETF | schd | 808524797 |  | 24453 | 323705 | SH |  | SOLE |  | 180240 | 0 | 143465 |
| CHARLES SCHWAB CORP | schw | 808513105 |  | 42913 | 515408 | SH |  | SOLE |  | 473556 | 0 | 41852 |
| SCHWAB US AGGREGATE BOND ETF | schz | 808524839 |  | 604 | 13228 | SH |  | SOLE |  | 5733 | 0 | 7495 |
| SHELL PLC ADR | shel | 780259305 |  | 456 | 8010 | SH |  | SOLE |  | 8010 | 0 | 0 |
| SHERWIN WILLIAMS CO | shw | 824348106 |  | 201 | 845 | SH |  | SOLE |  | 545 | 0 | 300 |
| SIEMENS AG-SPONS ADR | siegy | 826197501 |  | 219 | 3180 | SH |  | SOLE |  | 2555 | 0 | 625 |
| SOUTHERN CO | so | 842587107 |  | 37311 | 522493 | SH |  | SOLE |  | 482233 | 0 | 40260 |
| S GLOBAL INC | spgi | 78409v104 |  | 38777 | 115773 | SH |  | SOLE |  | 109064 | 0 | 6709 |
| SPDR S 500 ETF TRUST | spy | 78462f103 |  | 1466 | 3833 | SH |  | SOLE |  | 2204 | 0 | 1629 |
| SEMPRA | sre | 816851109 |  | 239 | 1546 | SH |  | SOLE |  | 1546 | 0 | 0 |
| ISHARES 0-5 YEAR TIPS BOND | stip | 46429b747 |  | 310 | 3200 | SH |  | SOLE |  | 0 | 0 | 3200 |
| CONSTELLATION BRANDS INC | stz | 21036p108 |  | 26973 | 116390 | SH |  | SOLE |  | 106428 | 0 | 9962 |
| STANLEY BLACK  DECKER INC. | swk | 854502101 |  | 16928 | 225352 | SH |  | SOLE |  | 205476 | 0 | 19876 |
| STRYKER CORP | syk | 863667101 |  | 996 | 4075 | SH |  | SOLE |  | 4075 | 0 | 0 |
| AT INC | t | 00206R102 |  | 29855 | 1621671 | SH |  | SOLE |  | 1492939 | 0 | 128732 |
| TRUIST FINANCIAL CORP | tfc | 89832q109 |  | 29106 | 676412 | SH |  | SOLE |  | 622354 | 0 | 54057 |
| TARGET CORP | tgt | 87612e106 |  | 40059 | 268783 | SH |  | SOLE |  | 250094 | 0 | 18689 |
| THERMO FISHER SCIENTIFIC INC | tmo | 883556102 |  | 280 | 509 | SH |  | SOLE |  | 209 | 0 | 300 |
| T ROWE PRICE ASSOCIATES | trow | 74144t108 |  | 676 | 6202 | SH |  | SOLE |  | 6202 | 0 | 0 |
| TC ENERGY CORP | trp | 87807b107 |  | 809 | 20286 | SH |  | SOLE |  | 19386 | 0 | 900 |
| TRAVELERS COMPANIES INC | trv | 89417e109 |  | 1278 | 6815 | SH |  | SOLE |  | 6815 | 0 | 0 |
| TEXAS INSTRUMENTS INC | txn | 882508104 |  | 45765 | 276994 | SH |  | SOLE |  | 260554 | 0 | 16440 |
| UNITEDHEALTH GROUP | unh | 91324P102 |  | 76142 | 143615 | SH |  | SOLE |  | 135186 | 0 | 8429 |
| UNION PACIFIC CORP | unp | 907818108 |  | 970 | 4684 | SH |  | SOLE |  | 4684 | 0 | 0 |
| UNITED PARCEL SERVICE B | ups | 911312106 |  | 4446 | 25573 | SH |  | SOLE |  | 25573 | 0 | 0 |
| US BANCORP | usb | 902973304 |  | 27618 | 633284 | SH |  | SOLE |  | 580761 | 0 | 52523 |
| VISA INC CLASS A SHARES | v | 92826c839 |  | 291 | 1402 | SH |  | SOLE |  | 983 | 0 | 419 |
| VANGUARD SHORT-TERM  CORPORATE  ETF | vcsh | 92206c409 |  | 656 | 8722 | SH |  | SOLE |  | 5332 | 0 | 3390 |
| VANGUARD FTSE DEV MKTS ETF | vea | 921943858 |  | 343 | 8170 | SH |  | SOLE |  | 0 | 0 | 8170 |
| VERU INC | veru | 92536c103 |  | 79 | 15000 | SH |  | SOLE |  | 15000 | 0 | 0 |
| VANGUARD DIVIDEND APPRECIATION ETF | vig | 921908844 |  | 919 | 6053 | SH |  | SOLE |  | 5128 | 0 | 925 |
| VANGUARD S 500 ETF | voo | 922908363 |  | 424 | 1208 | SH |  | SOLE |  | 508 | 0 | 700 |
| VANGUARD GROWTH ETF | vug | 922908736 |  | 221 | 1037 | SH |  | SOLE |  | 437 | 0 | 600 |
| VERIZON COMMUNICATIONS | vz | 92343v104 |  | 31322 | 794978 | SH |  | SOLE |  | 733387 | 0 | 61591 |
| WARNER BROS DISCOVERY INC | wbd | 934423104 |  | 357 | 37698 | SH |  | SOLE |  | 31435 | 0 | 6263 |
| WEC ENERGY GROUP INC | wec | 92939u106 |  | 259 | 2763 | SH |  | SOLE |  | 2763 | 0 | 0 |
| WASTE MANAGEMENT INC | wm | 94106L109 |  | 265 | 1692 | SH |  | SOLE |  | 1692 | 0 | 0 |
| WILLIAMS COS INC | wmb | 969457100 |  | 31810 | 966880 | SH |  | SOLE |  | 878183 | 0 | 88697 |
| WALMART INC | wmt | 931142103 |  | 1328 | 9369 | SH |  | SOLE |  | 8801 | 0 | 568 |
| WORTHINGTON INDUSTRIES INC | wor | 981811102 |  | 277 | 5563 | SH |  | SOLE |  | 5563 | 0 | 0 |
| WILLIAMS SONOMA | wsm | 969904101 |  | 207 | 1800 | SH |  | SOLE |  | 1800 | 0 | 0 |
| XCEL ENERGY | xel | 98389B100 |  | 40450 | 576944 | SH |  | SOLE |  | 532381 | 0 | 44563 |
| COMMUNICATION SERV SEL SEC SPDR ETF | xlc | 81369y852 |  | 1816 | 37838 | SH |  | SOLE |  | 20231 | 0 | 17607 |
| ENERGY SELECT SECTOR SPDR | xle | 81369y506 |  | 5241 | 59921 | SH |  | SOLE |  | 33225 | 0 | 26696 |
| FINANCIAL SELECT SECTOR SPDR | xlf | 81369y605 |  | 4543 | 132824 | SH |  | SOLE |  | 74869 | 0 | 57955 |
| INDUSTRIAL SELECT SECTOR SPDR | xli | 81369y704 |  | 872 | 8884 | SH |  | SOLE |  | 7952 | 0 | 932 |
| TECHNOLOGY SELECT SECTOR SPDR | xlk | 81369y803 |  | 667 | 5362 | SH |  | SOLE |  | 5362 | 0 | 0 |
| UTILITIES SELECT SECTOR SPDR | xlu | 81369Y886 |  | 10065 | 142772 | SH |  | SOLE |  | 76069 | 0 | 66703 |
| HEALTH CARE SELECT SECTOR SPDR | xlv | 81369y209 |  | 4421 | 32544 | SH |  | SOLE |  | 20854 | 0 | 11690 |
| EXXON MOBIL CORPORATION | xom | 30231g102 |  | 5226 | 47380 | SH |  | SOLE |  | 47314 | 0 | 66 |
| YUM! BRANDS INC | yum | 988498101 |  | 287 | 2238 | SH |  | SOLE |  | 2238 | 0 | 0 |

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