# EDGAR Filing Document

**Accession Number:** 0001063571
**File Stem:** 0001063571-26-000003
**Filing Date:** 2026-5
**Character Count:** 26480
**Document Hash:** 0f4defd463d7270603f9cd627bdaf0ec
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001063571-26-000003.hdr.sgml**: 20260512

**ACCESSION NUMBER**: 0001063571-26-000003

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260512

**DATE AS OF CHANGE**: 20260512

**EFFECTIVENESS DATE**: 20260512

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VAUGHAN DAVID INVESTMENTS LLC/IL
- **CENTRAL INDEX KEY:** 0001063571

**ORGANIZATION NAME:**
- **EIN:** 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:** 26967831

**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:** 03-31-2026

**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 and CEO<br>**Phone:** 3096850033

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

Lawrence Williams IV  Peoria, IL  05-12-2026<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:** 234

**Form 13F Information Table Value Total:** $4730288

      (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 |
| 3M COMPANY | mmm | 88579y101 |  | 812 | 5589 | SH |  | SOLE |  | 5089 | 0 | 500 |
| ABBOTT LABORATORIES | abt | 002824100 |  | 43825 | 426856 | SH |  | SOLE |  | 390511 | 0 | 36345 |
| ABBVIE INC | abbv | 00287y109 |  | 72341 | 332617 | SH |  | SOLE |  | 303177 | 0 | 29440 |
| ABCELLERA BIOLOGICS INC | abcl | 00288u106 |  | 35 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| ACCENTURE PLC-CL A | acn | g1151c101 |  | 30623 | 154433 | SH |  | SOLE |  | 139374 | 0 | 15059 |
| AFLAC INC | afl | 001055102 |  | 553 | 5043 | SH |  | SOLE |  | 5043 | 0 | 0 |
| AIR PRODS  CHEMS INC | apd | 009158106 |  | 40443 | 139223 | SH |  | SOLE |  | 124910 | 0 | 14313 |
| ALLIANT ENERGY CORP | lnt | 018802108 |  | 55974 | 780015 | SH |  | SOLE |  | 704702 | 0 | 75313 |
| ALLSTATE CORP | all | 020002101 |  | 54883 | 264698 | SH |  | SOLE |  | 240390 | 0 | 24308 |
| ALPHABET INC CL A | googl | 02079k305 |  | 70146 | 243935 | SH |  | SOLE |  | 220175 | 0 | 23760 |
| ALPHABET INC CL C | goog | 02079k107 |  | 1456 | 5076 | SH |  | SOLE |  | 4911 | 0 | 165 |
| AMAZON.COM INC | amzn | 023135106 |  | 1631 | 7831 | SH |  | SOLE |  | 6833 | 0 | 998 |
| AMDOCS LTD | dox | g02602103 |  | 31834 | 487810 | SH |  | SOLE |  | 435111 | 0 | 52699 |
| AMEREN CORPORATION | aee | 023608102 |  | 908 | 8263 | SH |  | SOLE |  | 7313 | 0 | 950 |
| AMERICAN ELECTRIC POWER | aep | 025537101 |  | 63092 | 481323 | SH |  | SOLE |  | 437435 | 0 | 43888 |
| AMERICAN EXPRESS CO | axp | 025816109 |  | 68734 | 227236 | SH |  | SOLE |  | 208879 | 0 | 18357 |
| AMERICAN INTERNATIONAL GRP | aig | 026874784 |  | 1196 | 15895 | SH |  | SOLE |  | 11695 | 0 | 4200 |
| AMGEN INC | amgn | 031162100 |  | 17827 | 50666 | SH |  | SOLE |  | 50256 | 0 | 410 |
| APOLLO GLOBAL MANAGEMENT LLC | apo | 03769m106 |  | 51682 | 463846 | SH |  | SOLE |  | 420886 | 0 | 42960 |
| APPLE INC | aapl | 037833100 |  | 9054 | 35677 | SH |  | SOLE |  | 33143 | 0 | 2534 |
| APPLIED MATERIALS INC | amat | 038222105 |  | 826 | 2418 | SH |  | SOLE |  | 1910 | 0 | 508 |
| ARCHER DANIELS MIDLAND | adm | 039483102 |  | 229 | 3151 | SH |  | SOLE |  | 1983 | 0 | 1168 |
| ASTRAZENECA PLC | azn | g0593m107 |  | 50850 | 257833 | SH |  | SOLE |  | 230242 | 0 | 27591 |
| AT INC | t | 00206R102 |  | 60520 | 2087624 | SH |  | SOLE |  | 1877396 | 0 | 210228 |
| AUTOMATIC DATA PROCESSING | adp | 053015103 |  | 33407 | 164420 | SH |  | SOLE |  | 148282 | 0 | 16138 |
| BANK OF AMERICA CORP | bac | 060505104 |  | 300 | 6163 | SH |  | SOLE |  | 6091 | 0 | 72 |
| BANK OF NEW YORK MELLON CORP | bk | 064058100 |  | 1175 | 9906 | SH |  | SOLE |  | 9835 | 0 | 71 |
| BERKSHIRE HATHAWAY CL A | brk.a | 084670108 |  | 718 | 1 | SH |  | SOLE |  | 1 | 0 | 0 |
| BERKSHIRE HATHAWAY CL B | brkb | 084670702 |  | 2087 | 4355 | SH |  | SOLE |  | 3978 | 0 | 377 |
| BLACKROCK INC | blk | 09290d101 |  | 52390 | 54476 | SH |  | SOLE |  | 49885 | 0 | 4591 |
| BLACKSTONE INC | bx | 09260d107 |  | 963 | 8373 | SH |  | SOLE |  | 8373 | 0 | 0 |
| BLOOM ENERGY CORP | be | 093712107 |  | 612 | 4520 | SH |  | SOLE |  | 1520 | 0 | 3000 |
| BOEING CO | ba | 097023105 |  | 370 | 1858 | SH |  | SOLE |  | 1839 | 0 | 19 |
| BOOZ ALLEN HAMILTON HOLDING CORP | bah | 099502106 |  | 2473 | 31693 | SH |  | SOLE |  | 30648 | 0 | 1045 |
| BP PLC-SPONS ADR | bp | 055622104 |  | 2429 | 51686 | SH |  | SOLE |  | 51686 | 0 | 0 |
| BRISTOL MYERS SQUIBB CO | bmy | 110122108 |  | 438 | 7216 | SH |  | SOLE |  | 7216 | 0 | 0 |
| BROADCOM INC | avgo | 11135f101 |  | 124350 | 401763 | SH |  | SOLE |  | 371812 | 0 | 29951 |
| BROWN  BROWN INC | bro | 115236101 |  | 7393 | 113372 | SH |  | SOLE |  | 113372 | 0 | 0 |
| CAPITAL ONE FINANCIAL CORP | cof | 14040H105 |  | 5431 | 29772 | SH |  | SOLE |  | 29059 | 0 | 713 |
| CASEYS GEN STORES COM | casy | 147528103 |  | 256 | 352 | SH |  | SOLE |  | 352 | 0 | 0 |
| CATERPILLAR INC | cat | 149123101 |  | 46788 | 66042 | SH |  | SOLE |  | 65595 | 0 | 447 |
| CENTERPOINT ENERGY | cnp | 15189T107 |  | 42510 | 984933 | SH |  | SOLE |  | 891258 | 0 | 93675 |
| CHARLES SCHWAB CORP | schw | 808513105 |  | 2640 | 28087 | SH |  | SOLE |  | 25937 | 0 | 2150 |
| CHENIERE ENERGY INC | lng | 16411r208 |  | 58144 | 204906 | SH |  | SOLE |  | 184732 | 0 | 20174 |
| CHEVRON CORPORATION | cvx | 166764100 |  | 67174 | 324669 | SH |  | SOLE |  | 293732 | 0 | 30937 |
| CIGNA GROUP | ci | 125523100 |  | 40572 | 152097 | SH |  | SOLE |  | 136180 | 0 | 15917 |
| CISCO SYSTEMS INC | csco | 17275R102 |  | 69910 | 901020 | SH |  | SOLE |  | 831542 | 0 | 69478 |
| CITIGROUP INC | c | 172967424 |  | 53585 | 472487 | SH |  | SOLE |  | 419518 | 0 | 52969 |
| COCA COLA CO | ko | 191216100 |  | 48400 | 636426 | SH |  | SOLE |  | 577050 | 0 | 59376 |
| COLGATE PALMOLIVE CO | cl | 194162103 |  | 369 | 4332 | SH |  | SOLE |  | 2932 | 0 | 1400 |
| COMCAST CORP CLASS A | cmcsa | 20030N101 |  | 283 | 9869 | SH |  | SOLE |  | 9269 | 0 | 600 |
| COMMERCE BANCSHARES INC | cbsh | 200525103 |  | 1070 | 21755 | SH |  | SOLE |  | 15136 | 0 | 6619 |
| COMMUNICATION SERV SEL SEC SPDR ETF | xlc | 81369y852 |  | 5220 | 47091 | SH |  | SOLE |  | 23066 | 0 | 24025 |
| CONOCOPHILLIPS | cop | 20825C104 |  | 68989 | 522643 | SH |  | SOLE |  | 476156 | 0 | 46487 |
| CONSOLIDATED EDISON INC | ed | 209115104 |  | 2241 | 19801 | SH |  | SOLE |  | 19801 | 0 | 0 |
| CONSTELLATION BRANDS INC | stz | 21036p108 |  | 28364 | 189094 | SH |  | SOLE |  | 168342 | 0 | 20752 |
| CONSTELLATION ENERGY CORP | ceg | 21037t109 |  | 38670 | 138479 | SH |  | SOLE |  | 132176 | 0 | 6303 |
| CONSUMER DISC SELECT SECTOR SPDR | xly | 81369Y407 |  | 219 | 2005 | SH |  | SOLE |  | 2005 | 0 | 0 |
| CONSUMER STAPLES SELECT SECTOR SPDR | xlp | 81369y308 |  | 668 | 8146 | SH |  | SOLE |  | 6354 | 0 | 1792 |
| CORNING INC | glw | 219350105 |  | 220 | 1615 | SH |  | SOLE |  | 615 | 0 | 1000 |
| COSTCO WHOLESALE CORP | cost | 22160K105 |  | 1855 | 1862 | SH |  | SOLE |  | 1862 | 0 | 0 |
| CSX CORP | csx | 126408103 |  | 1227 | 29901 | SH |  | SOLE |  | 29901 | 0 | 0 |
| CUMMINS INC | cmi | 231021106 |  | 207 | 384 | SH |  | SOLE |  | 380 | 0 | 4 |
| CVS HEALTH CORP | cvs | 126650100 |  | 30333 | 422341 | SH |  | SOLE |  | 370910 | 0 | 51431 |
| DARDEN RESTAURANTS INC | dri | 237194105 |  | 710 | 3624 | SH |  | SOLE |  | 3624 | 0 | 0 |
| DEERE  CO | de | 244199105 |  | 85696 | 152131 | SH |  | SOLE |  | 140796 | 0 | 11335 |
| DOMINION ENERGY INC | d | 25746U109 |  | 2722 | 44027 | SH |  | SOLE |  | 39499 | 0 | 4528 |
| DT MIDSTREAM INC | dtm | 23345m107 |  | 4038 | 29987 | SH |  | SOLE |  | 27687 | 0 | 2300 |
| DTE ENERGY COMPANY | dte | 233331107 |  | 51932 | 355165 | SH |  | SOLE |  | 319735 | 0 | 35430 |
| DUKE ENERGY HOLDING CORP | duk | 26441c204 |  | 55623 | 424799 | SH |  | SOLE |  | 383759 | 0 | 41040 |
| EATON CORPORATION PLC F | etn | g29183103 |  | 63414 | 177297 | SH |  | SOLE |  | 159899 | 0 | 17398 |
| EATON VANCE TX ADV DV IN | evt | 27828G107 |  | 206 | 8373 | SH |  | SOLE |  | 8373 | 0 | 0 |
| EBAY INC | ebay | 278642103 |  | 256 | 2813 | SH |  | SOLE |  | 2813 | 0 | 0 |
| EDISON INTERNATIONAL | eix | 281020107 |  | 401 | 5486 | SH |  | SOLE |  | 5486 | 0 | 0 |
| ELI LILLY  CO | lly | 532457108 |  | 2968 | 3227 | SH |  | SOLE |  | 1154 | 0 | 2073 |
| EMERSON ELECTRIC CO | emr | 291011104 |  | 439 | 3353 | SH |  | SOLE |  | 3353 | 0 | 0 |
| ENBRIDGE INC | enb | 29250n105 |  | 1099 | 20292 | SH |  | SOLE |  | 18192 | 0 | 2100 |
| ENERGY SELECT SECTOR SPDR | xle | 81369y506 |  | 2264 | 36952 | SH |  | SOLE |  | 30299 | 0 | 6653 |
| ENTERGY CORP | etr | 29364G103 |  | 79169 | 704598 | SH |  | SOLE |  | 638866 | 0 | 65732 |
| ENTERPRISE PRODUCTS | epd | 293792107 |  | 232 | 6128 | SH |  | SOLE |  | 6128 | 0 | 0 |
| EOG RESOURCES INC | eog | 26875P101 |  | 46018 | 318308 | SH |  | SOLE |  | 284268 | 0 | 34040 |
| EVERGY INC | evrg | 30034w106 |  | 329 | 4021 | SH |  | SOLE |  | 2891 | 0 | 1130 |
| EVERSOURCE ENERGY | es | 30040w108 |  | 3006 | 43390 | SH |  | SOLE |  | 42115 | 0 | 1275 |
| EXELON CORPORATION | exc | 30161N101 |  | 3957 | 80717 | SH |  | SOLE |  | 70791 | 0 | 9926 |
| EXXON MOBIL CORPORATION | xom | 30231g102 |  | 67271 | 396503 | SH |  | SOLE |  | 360153 | 0 | 36350 |
| FINANCIAL SELECT SECTOR SPDR | xlf | 81369y605 |  | 9363 | 189641 | SH |  | SOLE |  | 96847 | 0 | 92794 |
| FIRST HORIZON CORP | fhn | 320517105 |  | 458 | 20142 | SH |  | SOLE |  | 20142 | 0 | 0 |
| FIRST TRUST ENHA SHORT MATURITY ETF | ftsm | 33739q408 |  | 1494 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |
| FIRSTENERGY CORP | fe | 337932107 |  | 4427 | 87389 | SH |  | SOLE |  | 78280 | 0 | 9109 |
| FREEPORT MCMORAN INC | fcx | 35671D857 |  | 342 | 5822 | SH |  | SOLE |  | 1220 | 0 | 4602 |
| GE VERNOVA INC | gev | 36828a101 |  | 505 | 578 | SH |  | SOLE |  | 432 | 0 | 146 |
| GENERAL DYNAMICS CORP | gd | 369550108 |  | 10877 | 31690 | SH |  | SOLE |  | 31249 | 0 | 441 |
| GENERAL ELECTRIC CO | ge | 369604301 |  | 585 | 2060 | SH |  | SOLE |  | 1479 | 0 | 581 |
| GENERAL MILLS INC | gis | 370334104 |  | 2375 | 63819 | SH |  | SOLE |  | 63819 | 0 | 0 |
| GENUINE PARTS CO | gpc | 372460105 |  | 34767 | 328763 | SH |  | SOLE |  | 295113 | 0 | 33650 |
| GILEAD SCIENCES | gild | 375558103 |  | 39649 | 284485 | SH |  | SOLE |  | 251840 | 0 | 32645 |
| GOLDMAN SACHS GROUP INC | gs | 38141G104 |  | 67754 | 80089 | SH |  | SOLE |  | 72635 | 0 | 7454 |
| HEALTH CARE SELECT SECTOR SPDR | xlv | 81369y209 |  | 5113 | 34876 | SH |  | SOLE |  | 20040 | 0 | 14836 |
| HOME DEPOT INC | hd | 437076102 |  | 42004 | 127715 | SH |  | SOLE |  | 114904 | 0 | 12811 |
| HONEYWELL INTERNATL INC | hon | 438516106 |  | 55726 | 246543 | SH |  | SOLE |  | 224836 | 0 | 21707 |
| ILLINOIS TOOL WORKS | itw | 452308109 |  | 344 | 1320 | SH |  | SOLE |  | 1320 | 0 | 0 |
| INDUSTRIAL SELECT SECTOR SPDR | xli | 81369y704 |  | 3915 | 24209 | SH |  | SOLE |  | 13250 | 0 | 10959 |
| INTEL CORPORATION | intc | 458140100 |  | 2209 | 50050 | SH |  | SOLE |  | 49850 | 0 | 200 |
| INTERCONTINENTIAL EXCHANGE INC | ice | 45866F104 |  | 45637 | 290162 | SH |  | SOLE |  | 260269 | 0 | 29893 |
| INTL BUSINESS MACHINES CORP | ibm | 459200101 |  | 2083 | 8596 | SH |  | SOLE |  | 8596 | 0 | 0 |
| INTUITIVE SURGICAL INC | isrg | 46120E602 |  | 356 | 773 | SH |  | SOLE |  | 773 | 0 | 0 |
| INVESCO BULLETSHARES 2026 CORP BOND | bscq | 46138j791 |  | 4935 | 252668 | SH |  | SOLE |  | 151403 | 0 | 101265 |
| INVESCO BULLETSHARES 2027 CORP BOND | bscr | 46138j783 |  | 9801 | 499426 | SH |  | SOLE |  | 198296 | 0 | 301130 |
| INVESCO BULLETSHARES 2028 CORP BOND | bscs | 46138j643 |  | 9236 | 452227 | SH |  | SOLE |  | 168195 | 0 | 284032 |
| INVESCO BULLETSHARES 2029 CORP BOND | bsct | 46138j577 |  | 9004 | 482517 | SH |  | SOLE |  | 168031 | 0 | 314486 |
| INVESCO BULLETSHARES 2030 CORP BOND | bscu | 46138j460 |  | 7799 | 466464 | SH |  | SOLE |  | 140249 | 0 | 326215 |
| INVESCO BULLETSHARES 2031 CORP BOND | bscv | 46138j429 |  | 5691 | 345733 | SH |  | SOLE |  | 94909 | 0 | 250824 |
| INVESCO QQQ TRUST SERIES 1 | qqq | 46090e103 |  | 842 | 1458 | SH |  | SOLE |  | 1458 | 0 | 0 |
| INVESCO S 500 EQUAL WEIGHT ETF | rsp | 46137v357 |  | 25142 | 131000 | SH |  | SOLE |  | 131000 | 0 | 0 |
| ISHARES 0-5 YEAR TIPS BOND | stip | 46429b747 |  | 331 | 3200 | SH |  | SOLE |  | 0 | 0 | 3200 |
| ISHARES CORE DIVIDEND GROWTH ETF | dgro | 46434v621 |  | 39767 | 566639 | SH |  | SOLE |  | 270542 | 0 | 296097 |
| ISHARES CORE S 500 ETF | ivv | 464287200 |  | 210 | 322 | SH |  | SOLE |  | 322 | 0 | 0 |
| ISHARES RUSSELL 2000 ETF | iwm | 464287655 |  | 212 | 854 | SH |  | SOLE |  | 854 | 0 | 0 |
| ISHARES RUSSELL 2000 GROWTH ETF | iwo | 464287648 |  | 314 | 1000 | SH |  | SOLE |  | 1000 | 0 | 0 |
| ISHARES RUSSELL MIDCAP ETF | iwr | 464287499 |  | 311 | 3194 | SH |  | SOLE |  | 2500 | 0 | 694 |
| ISHARES RUSSELL MIDCAP GROWTH ETF | iwp | 464287481 |  | 514 | 4011 | SH |  | SOLE |  | 4011 | 0 | 0 |
| ISHARES RUSSELL MIDCAP VALUE ETF | iws | 464287473 |  | 369 | 2533 | SH |  | SOLE |  | 1718 | 0 | 815 |
| ISHARES S VALUE INDEX ETF | ive | 464287408 |  | 230 | 1088 | SH |  | SOLE |  | 1088 | 0 | 0 |
| ISHARES TR RUSSELL 1000 VALUE ETF | iwd | 464287598 |  | 227 | 1063 | SH |  | SOLE |  | 623 | 0 | 440 |
| JOHNSON  JOHNSON | jnj | 478160104 |  | 75806 | 310122 | SH |  | SOLE |  | 281291 | 0 | 28831 |
| JP MORGAN CHASE  CO | jpm | 46625H100 |  | 97252 | 330610 | SH |  | SOLE |  | 305464 | 0 | 25146 |
| KIMBERLY CLARK CORP | kmb | 494368103 |  | 30554 | 316720 | SH |  | SOLE |  | 286544 | 0 | 30176 |
| LAM RESEARCH CORP | lrcx | 512807306 |  | 113639 | 531867 | SH |  | SOLE |  | 478111 | 0 | 53756 |
| LINCOLN ELECTRIC HOLDINGS INC | leco | 533900106 |  | 54313 | 218053 | SH |  | SOLE |  | 196733 | 0 | 21320 |
| LOCKHEED MARTIN CORP | lmt | 539830109 |  | 55075 | 91125 | SH |  | SOLE |  | 81641 | 0 | 9484 |
| LOWES COS INC | low | 548661107 |  | 1405 | 5946 | SH |  | SOLE |  | 5921 | 0 | 25 |
| MARSH  MCLENNAN COS | mrsh | 571748102 |  | 45336 | 261376 | SH |  | SOLE |  | 239214 | 0 | 22162 |
| MASTERCARD INC | ma | 57636q104 |  | 267 | 535 | SH |  | SOLE |  | 495 | 0 | 40 |
| MCCORMICK  CO INC | mkc | 579780206 |  | 1711 | 33921 | SH |  | SOLE |  | 33921 | 0 | 0 |
| MCDONALDS CORPORATION | mcd | 580135101 |  | 1900 | 6114 | SH |  | SOLE |  | 6114 | 0 | 0 |
| MCKESSON CORPORATION | mck | 58155Q103 |  | 317 | 366 | SH |  | SOLE |  | 366 | 0 | 0 |
| MEDTRONIC PLC | mdt | g5960l103 |  | 35295 | 407329 | SH |  | SOLE |  | 360487 | 0 | 46842 |
| MERCK AND CO INC NEW | mrk | 58933y105 |  | 49861 | 414509 | SH |  | SOLE |  | 374119 | 0 | 40390 |
| META PLATFORMS INC CL A | meta | 30303m102 |  | 1132 | 1978 | SH |  | SOLE |  | 1967 | 0 | 11 |
| MICRON TECHNOLOGY INC | mu | 595112103 |  | 601 | 1780 | SH |  | SOLE |  | 1768 | 0 | 12 |
| MICROSOFT CORP | msft | 594918104 |  | 103643 | 279989 | SH |  | SOLE |  | 264085 | 0 | 15904 |
| MONDELEZ INTL INC | mdlz | 609207105 |  | 34796 | 603671 | SH |  | SOLE |  | 543913 | 0 | 59758 |
| MOTOROLA SOLUTIONS INC | msi | 620076307 |  | 32075 | 73911 | SH |  | SOLE |  | 65606 | 0 | 8305 |
| NATIONAL FUEL GAS CO | nfg | 636180101 |  | 228 | 2430 | SH |  | SOLE |  | 2430 | 0 | 0 |
| NESTLE SA SPONSORED ADR | nsrgy | 641069406 |  | 229 | 2306 | SH |  | SOLE |  | 2006 | 0 | 300 |
| NEXTERA ENERGY INC | nee | 65339f101 |  | 65091 | 700804 | SH |  | SOLE |  | 641544 | 0 | 59260 |
| NISOURCE INC | ni | 65473P105 |  | 60127 | 1288627 | SH |  | SOLE |  | 1158247 | 0 | 130380 |
| NORFOLK SOUTHERN CORP | nsc | 655844108 |  | 3685 | 12838 | SH |  | SOLE |  | 12838 | 0 | 0 |
| NORTHROP GRUMMAN CORP | noc | 666807102 |  | 643 | 943 | SH |  | SOLE |  | 880 | 0 | 63 |
| NVIDIA CORP | nvda | 67066g104 |  | 1966 | 11272 | SH |  | SOLE |  | 10887 | 0 | 385 |
| OGE ENERGY CORP | oge | 670837103 |  | 475 | 9900 | SH |  | SOLE |  | 9900 | 0 | 0 |
| OMNICOM GROUP | omc | 681919106 |  | 36648 | 486633 | SH |  | SOLE |  | 433765 | 0 | 52868 |
| ORACLE CORP | orcl | 68389X105 |  | 34513 | 234605 | SH |  | SOLE |  | 227001 | 0 | 7604 |
| O'REILLY AUTOMOTIVE INC | orly | 67103h107 |  | 539 | 5835 | SH |  | SOLE |  | 5085 | 0 | 750 |
| PEPSICO INC | pep | 713448108 |  | 47369 | 305039 | SH |  | SOLE |  | 278185 | 0 | 26854 |
| PFIZER INC | pfe | 717081103 |  | 402 | 14308 | SH |  | SOLE |  | 14108 | 0 | 200 |
| PHILIP MORRIS INTL | pm | 718172109 |  | 51926 | 314057 | SH |  | SOLE |  | 280344 | 0 | 33713 |
| PHILLIPS 66 | psx | 718546104 |  | 586 | 3215 | SH |  | SOLE |  | 3215 | 0 | 0 |
| PHILLIPS EDISON  CO INC | peco | 71844v201 |  | 744 | 19882 | SH |  | SOLE |  | 19882 | 0 | 0 |
| PNC FINANCIAL SERVICES GROUP | pnc | 693475105 |  | 10181 | 48925 | SH |  | SOLE |  | 47237 | 0 | 1688 |
| PORTLAND GENERAL ELECTRIC CO | por | 736508847 |  | 1055 | 19997 | SH |  | SOLE |  | 19997 | 0 | 0 |
| PPG INDUSTRIES INC | ppg | 693506107 |  | 32481 | 303903 | SH |  | SOLE |  | 274225 | 0 | 29678 |
| PROCTER  GAMBLE CO | pg | 742718109 |  | 44347 | 307030 | SH |  | SOLE |  | 280923 | 0 | 26107 |
| PROGRESSIVE CORP | pgr | 743315103 |  | 28701 | 144779 | SH |  | SOLE |  | 128194 | 0 | 16585 |
| QUALCOMM INC | qcom | 747525103 |  | 4343 | 33723 | SH |  | SOLE |  | 32298 | 0 | 1425 |
| QUANTA SERVICES INC | pwr | 74762E102 |  | 365 | 665 | SH |  | SOLE |  | 665 | 0 | 0 |
| REGIONS FINANCIAL CORP | rf | 7591EP100 |  | 58780 | 2250397 | SH |  | SOLE |  | 2028747 | 0 | 221650 |
| REINSURANCE GROUP OF AMERICA INC | rga | 759351604 |  | 51254 | 251050 | SH |  | SOLE |  | 224605 | 0 | 26445 |
| RESMED INC | rmd | 761152107 |  | 47070 | 209685 | SH |  | SOLE |  | 189031 | 0 | 20654 |
| RLI CORP | rli | 749607107 |  | 16113 | 282488 | SH |  | SOLE |  | 282171 | 0 | 317 |
| RPM INTERNATIONAL INC | rpm | 749685103 |  | 3341 | 33612 | SH |  | SOLE |  | 32712 | 0 | 900 |
| RTX CORP | rtx | 75513e101 |  | 233 | 1207 | SH |  | SOLE |  | 1207 | 0 | 0 |
| S GLOBAL INC | spgi | 78409v104 |  | 50708 | 119218 | SH |  | SOLE |  | 110101 | 0 | 9117 |
| SALESFORCE INC | crm | 79466L302 |  | 31965 | 171237 | SH |  | SOLE |  | 154395 | 0 | 16842 |
| SCHLUMBERGER LTD | slb | 806857108 |  | 42004 | 817367 | SH |  | SOLE |  | 736197 | 0 | 81170 |
| SCHWAB US AGGREGATE BOND ETF | schz | 808524839 |  | 219 | 9451 | SH |  | SOLE |  | 9151 | 0 | 300 |
| SCHWAB US DVD EQUITY ETF | schd | 808524797 |  | 36187 | 1179486 | SH |  | SOLE |  | 589042 | 0 | 590443 |
| SCHWAB US LARGE CAP VAL | schv | 808524409 |  | 439 | 14389 | SH |  | SOLE |  | 14389 | 0 | 0 |
| SCHWAB US LARGE GROWTH ETF | schg | 808524300 |  | 283 | 9707 | SH |  | SOLE |  | 9707 | 0 | 0 |
| SEMPRA | sre | 816851109 |  | 291 | 2992 | SH |  | SOLE |  | 2992 | 0 | 0 |
| SERVICE CORP INTL | sci | 817565104 |  | 44161 | 535214 | SH |  | SOLE |  | 481059 | 0 | 54155 |
| SHELL PLC ADR | shel | 780259305 |  | 635 | 6830 | SH |  | SOLE |  | 6830 | 0 | 0 |
| SHERWIN WILLIAMS CO | shw | 824348106 |  | 319 | 995 | SH |  | SOLE |  | 695 | 0 | 300 |
| SIEMENS AG-SPONS ADR | siegy | 826197501 |  | 33209 | 272472 | SH |  | SOLE |  | 240787 | 0 | 31685 |
| SOLSTICE ADV MATERIALS INC | sols | 83443q103 |  | 3268 | 42907 | SH |  | SOLE |  | 39011 | 0 | 3896 |
| SOUTHERN CO | so | 842587107 |  | 56114 | 581376 | SH |  | SOLE |  | 525909 | 0 | 55467 |
| SPDR GOLD MINISHARES TRUST ETF | gldm | 98149e303 |  | 2466 | 26600 | SH |  | SOLE |  | 26600 | 0 | 0 |
| SPDR GOLD TRUST | gld | 78463v107 |  | 926 | 2151 | SH |  | SOLE |  | 1847 | 0 | 304 |
| SPDR S 500 ETF TRUST | spy | 78462f103 |  | 1696 | 2608 | SH |  | SOLE |  | 2008 | 0 | 600 |
| SPDR S MIDCAP 400 ETF | mdy | 78467y107 |  | 1003 | 1626 | SH |  | SOLE |  | 1626 | 0 | 0 |
| SS SPDR DOW JONES INDUS AVG | dia | 78467x109 |  | 628 | 1355 | SH |  | SOLE |  | 1355 | 0 | 0 |
| STARBUCKS CORP | sbux | 855244109 |  | 1155 | 12895 | SH |  | SOLE |  | 12095 | 0 | 800 |
| STRYKER CORP | syk | 863667101 |  | 1339 | 4075 | SH |  | SOLE |  | 4075 | 0 | 0 |
| SYSCO CORP | syy | 871829107 |  | 35523 | 498010 | SH |  | SOLE |  | 446200 | 0 | 51810 |
| T ROWE PRICE ASSOCIATES | trow | 74144t108 |  | 223 | 2472 | SH |  | SOLE |  | 2472 | 0 | 0 |
| TARGET CORP | tgt | 87612e106 |  | 37534 | 309685 | SH |  | SOLE |  | 281821 | 0 | 27864 |
| TC ENERGY CORP | trp | 87807b107 |  | 222 | 3546 | SH |  | SOLE |  | 3546 | 0 | 0 |
| TECHNIPFMC PLC | fti | g87110105 |  | 270 | 3900 | SH |  | SOLE |  | 3900 | 0 | 0 |
| TECHNOLOGY SELECT SECTOR SPDR | xlk | 81369y803 |  | 3835 | 28858 | SH |  | SOLE |  | 14862 | 0 | 13996 |
| TESLA INC | tsla | 88160r101 |  | 271 | 729 | SH |  | SOLE |  | 729 | 0 | 0 |
| TEXAS INSTRUMENTS INC | txn | 882508104 |  | 18323 | 94383 | SH |  | SOLE |  | 93090 | 0 | 1293 |
| THE HERSHEY COMPANY | hsy | 427866108 |  | 285 | 1370 | SH |  | SOLE |  | 1370 | 0 | 0 |
| THE WALT DISNEY CO | dis | 254687106 |  | 35066 | 363831 | SH |  | SOLE |  | 328711 | 0 | 35120 |
| TRANE TECHNOLOGIES PLC | tt | g8994e103 |  | 450 | 1080 | SH |  | SOLE |  | 1080 | 0 | 0 |
| TRAVELERS COMPANIES INC | trv | 89417e109 |  | 1750 | 6000 | SH |  | SOLE |  | 6000 | 0 | 0 |
| TRUIST FINANCIAL CORP | tfc | 89832q109 |  | 440 | 9572 | SH |  | SOLE |  | 9572 | 0 | 0 |
| UNION PACIFIC CORP | unp | 907818108 |  | 753 | 3102 | SH |  | SOLE |  | 3102 | 0 | 0 |
| UNITED PARCEL SERVICE B | ups | 911312106 |  | 35215 | 357948 | SH |  | SOLE |  | 324111 | 0 | 33837 |
| UNITEDHEALTH GROUP | unh | 91324P102 |  | 42417 | 156757 | SH |  | SOLE |  | 143994 | 0 | 12763 |
| US BANCORP | usb | 902973304 |  | 43768 | 841527 | SH |  | SOLE |  | 753932 | 0 | 87595 |
| UTILITIES SELECT SECTOR SPDR | xlu | 81369y886 |  | 16100 | 350843 | SH |  | SOLE |  | 178899 | 0 | 171944 |
| VANECK OIL REFINERS ETF | crak | 92189f585 |  | 267 | 5400 | SH |  | SOLE |  | 5400 | 0 | 0 |
| VANECK VECTORS FALLEN ANGEL HIGH YI | angl | 92189f437 |  | 298 | 10369 | SH |  | SOLE |  | 0 | 0 | 10369 |
| VANECK VECTORS SEMICONDUCTOR | smh | 92189f676 |  | 648 | 1691 | SH |  | SOLE |  | 1691 | 0 | 0 |
| VANGUARD DIVIDEND APPRECIATION ETF | vig | 921908844 |  | 893 | 4152 | SH |  | SOLE |  | 3792 | 0 | 360 |
| VANGUARD FTSE EMERGING MARKETS ETF | vwo | 922042858 |  | 596 | 11035 | SH |  | SOLE |  | 11035 | 0 | 0 |
| VANGUARD GROWTH ETF | vug | 922908736 |  | 305 | 698 | SH |  | SOLE |  | 698 | 0 | 0 |
| VANGUARD SHORT-TERM  CORPORATE  ETF | vcsh | 92206c409 |  | 246 | 3107 | SH |  | SOLE |  | 3057 | 0 | 50 |
| VANGUARD SMALL CAP VALUE ETF | vbr | 922908611 |  | 207 | 952 | SH |  | SOLE |  | 952 | 0 | 0 |
| VANGUARD TOTAL STOCK MKT ETF | vti | 922908769 |  | 206 | 641 | SH |  | SOLE |  | 641 | 0 | 0 |
| VANGUARD VALUE ETF | vtv | 922908744 |  | 1197 | 6100 | SH |  | SOLE |  | 5944 | 0 | 156 |
| VERIZON COMMUNICATIONS | vz | 92343v104 |  | 51023 | 1016387 | SH |  | SOLE |  | 912701 | 0 | 103686 |
| VISA INC CLASS A SHARES | v | 92826c839 |  | 826 | 2734 | SH |  | SOLE |  | 2400 | 0 | 334 |
| WALMART INC | wmt | 931142103 |  | 3759 | 30244 | SH |  | SOLE |  | 26841 | 0 | 3403 |
| WARNER BROS DISCOVERY INC | wbd | 934423104 |  | 211 | 7668 | SH |  | SOLE |  | 7324 | 0 | 344 |
| WASTE MANAGEMENT INC | wm | 94106L109 |  | 45952 | 199975 | SH |  | SOLE |  | 180490 | 0 | 19485 |
| WEC ENERGY GROUP INC | wec | 92939u106 |  | 57609 | 497618 | SH |  | SOLE |  | 448578 | 0 | 49040 |
| WELLS FARGO  COMPANY | wfc | 949746101 |  | 276 | 3470 | SH |  | SOLE |  | 3402 | 0 | 68 |
| WESTERN DIGITAL CORP | wdc | 958102105 |  | 244 | 902 | SH |  | SOLE |  | 902 | 0 | 0 |
| WILLIAMS COS INC | wmb | 969457100 |  | 68791 | 945185 | SH |  | SOLE |  | 850766 | 0 | 94419 |
| WILLIAMS SONOMA | wsm | 969904101 |  | 656 | 3600 | SH |  | SOLE |  | 3600 | 0 | 0 |
| XCEL ENERGY | xel | 98389B100 |  | 57282 | 721070 | SH |  | SOLE |  | 655142 | 0 | 65928 |
| YUM! BRANDS INC | yum | 988498101 |  | 249 | 1601 | SH |  | SOLE |  | 1601 | 0 | 0 |
| ZOETIS INC | zts | 98978v103 |  | 28082 | 237561 | SH |  | SOLE |  | 209304 | 0 | 28257 |

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