President

0001062993-15-000694.txt : 20150212 0001062993-15-000694.hdr.sgml : 20150212 20150212140612 ACCESSION NUMBER: 0001062993-15-000694 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20141231 FILED AS OF DATE: 20150212 DATE AS OF CHANGE: 20150212 EFFECTIVENESS DATE: 20150212 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Concorde Asset Management, LLC CENTRAL INDEX KEY: 0001631773 IRS NUMBER: 760821934 STATE OF INCORPORATION: MI FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-16513 FILM NUMBER: 15604957 BUSINESS ADDRESS: STREET 1: 1120 EAST LONG LAKE ROAD, SUITE 100 CITY: TROY STATE: MI ZIP: 48085 BUSINESS PHONE: 248-824-6710 MAIL ADDRESS: STREET 1: 1120 EAST LONG LAKE ROAD, SUITE 100 CITY: TROY STATE: MI ZIP: 48085 13F-HR 1 primary_doc.xml 13F-HR LIVE false true false 0001631773 XXXXXXXX 12-31-2014 12-31-2014 Concorde Asset Management, LLC

1120 EAST LONG LAKE ROAD, SUITE 100 TROY MI 48085

13F COMBINATION REPORT 028-16513 021-139207 Sawtooth Mgmt N Eric Hornyak President 248-824-6710 Eric Hornyak Troy MI 02-05-2015 0 222 79727 false INFORMATION TABLE 2 form13fInfoTable.xml FORM 13F INFORMATION TABLE AT&T INC COM 00206R102 24 700 SH SOLE 0 0 700 ADVANCE AUTO PARTS INC COM 00751Y106 15 96 SH SOLE 0 0 96 ALPS ETF TR ALERIAN MLP 00162Q866 295 16820 SH SOLE 0 0 16820 BANK AMER CORP COM 060505104 4 200 SH SOLE 0 0 200 BOEING CO COM 097023105 19 150 SH SOLE 0 0 150 CENTERSTATE BANKS INC COM 15201P109 9 725 SH SOLE 0 0 725 CLEAN HARBORS INC COM 184496107 14 290 SH SOLE 0 0 290 FIRST TR EXCHANGE TRADED FD CONSUMR DISCRE 33734X101 10 278 SH SOLE 0 0 278 FIRST TR EXCHANGE TRADED FD CONSUMR STAPLE 33734X119 10 233 SH SOLE 0 0 233 FIRST TR EXCHANGE TRADED FD FINLS ALPHADEX 33734X135 10 427 SH SOLE 0 0 427 FIRST TR EXCHANGE TRADED FD TECH ALPHADEX 33734X176 10 290 SH SOLE 0 0 290 FIRST TR EXCHANGE TRADED FD UTILITIES ALPH 33734X184 10 392 SH SOLE 0 0 392 FIRST TR VALUE LINE DIVID IN SHS 33734H106 751 31100 SH SOLE 0 0 31100 INTEL CORP COM 458140100 15 400 SH SOLE 0 0 400 ISHARES TR CORE S&P MCP ETF 464287507 53 365 SH SOLE 0 0 365 ISHARES TR CORE S&P500 ETF 464287200 49 238 SH SOLE 0 0 238 ISHARES TR S&P 500 GRWT ETF 464287309 19 169 SH SOLE 0 0 169 ISHARES 3-7 YR TR BD ETF 464288661 6 52 SH SOLE 0 0 52 ISHARES TR 7-10 Y TR BD ETF 464287440 57 534 SH SOLE 0 0 534 ISHARES TR RUSSELL 2000 ETF 464287655 48 404 SH SOLE 0 0 404 ISHARES IBOXX HI YD ETF 464288513 20 225 SH SOLE 0 0 225 JOHNSON & JOHNSON COM 478160104 21 200 SH SOLE 0 0 200 KINDER MORGAN INC DEL COM 49456B101 76 1798 SH SOLE 0 0 1798 LKQ CORP COM 501889208 21 739 SH SOLE 0 0 739 MID-AMER APT CMNTYS INC COM 59522J103 19 251 SH SOLE 0 0 251 MOBILE MINI INC COM 60740F105 15 374 SH SOLE 0 0 374 PFIZER INC COM 717081103 12 400 SH SOLE 0 0 400 POWERSHARES QQQ TRUST UNIT SER 1 73935A104 40 385 SH SOLE 0 0 385 PROSPECT CAPITAL CORPORATION COM 74348T102 58 7000 SH SOLE 0 0 7000 RAND LOGISTICS INC COM 752182105 3 672 SH SOLE 0 0 672 RETAIL PPTYS AMER INC CL A 76131V202 18 1088 SH SOLE 0 0 1088 SCHWAB STRATEGIC TR US LCAP VA ETF 808524409 1580 35835 SH SOLE 0 0 35835 SPDR SERIES TRUST BRC HGH YLD BD 78464A417 7 174 SH SOLE 0 0 174 SPDR DOW JONES INDL AVRG ETF UT SER 1 78467X109 19 107 SH SOLE 0 0 107 SWIFT TRANSN CO CL A 87074U101 18 622 SH SOLE 0 0 622 VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 16 400 SH SOLE 0 0 400 YAHOO INC COM 984332106 257 5400 SH SOLE 0 0 5400 SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 13 183 SH SOLE 0 0 183 SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 11 449 SH SOLE 0 0 449 VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 12 300 SH SOLE 0 0 300 VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD 92206C409 1736 21650 SH SOLE 0 0 21650 UNITED RENTALS INC COM 911363109 201 2375 SH SOLE 0 0 2375 TEREX CORP NEW COM 880779103 313 13875 SH SOLE 0 0 13875 AT&T INC COM 00206R102 102 3011 SH SOLE 0 0 3011 CONSTELLATION BRANDS INC CL A 21036P108 400 3600 SH SOLE 0 0 3600 SPDR S&P 500 ETF TR TR UNIT 78462F103 14 67 SH SOLE 0 0 67 SIMON PPTY GROUP INC NEW COM 828806109 319 1600 SH SOLE 0 0 1600 ISHARES SILVER TRUST ISHARES 46428Q109 5 312 SH SOLE 0 0 312 ISHARES TR 1-3 YR TR BD ETF 464287457 480 5655 SH SOLE 0 0 5655 SPIRIT AIRLS INC COM 848577102 344 4650 SH SOLE 0 0 4650 PROSPECT CAPITAL CORPORATION COM 74348T102 37 4429 SH SOLE 0 0 4429 PFIZER INC COM 717081103 381 11500 SH SOLE 0 0 11500 NORTHSTAR RLTY FIN CORP COM NEW 66704R704 8 413 SH SOLE 0 0 413 NIKE INC CL B 654106103 225 2400 SH SOLE 0 0 2400 ALTRIA GROUP INC COM 02209S103 54 1006 SH SOLE 0 0 1006 SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP 78467Y107 417 1607 SH SOLE 0 0 1607 LULULEMON ATHLETICA INC COM 550021109 328 5200 SH SOLE 0 0 5200 KINDER MORGAN INC DEL COM 49456B101 129 3086 SH SOLE 0 0 3086 JPMORGAN CHASE & CO COM 46625H100 89 1600 SH SOLE 0 0 1600 SPDR SERIES TRUST BRC HGH YLD BD 78464A417 1420 36756 SH SOLE 0 0 36756 JOHNSON & JOHNSON COM 478160104 22 218 SH SOLE 0 0 218 JOHNSON CTLS INC COM 478366107 199 4400 SH SOLE 0 0 4400 ISHARES TR S&P 500 GRWT ETF 464287309 1853 16723 SH SOLE 0 0 16723 SPDR SERIES TRUST BARCLYS TIPS ETF 78464A656 332 5819 SH SOLE 0 0 5819 INTEL CORP COM 458140100 584 16170 SH SOLE 0 0 16170 GILEAD SCIENCES INC COM 375558103 218 2100 SH SOLE 0 0 2100 ISHARES TR MSCI EAFE ETF 464287465 365 5989 SH SOLE 0 0 5989 SPDR DOW JONES INDL AVRG ETF UT SER 1 78467X109 1844 10546 SH SOLE 0 0 10546 DDR CORP COM 23317H102 321 16600 SH SOLE 0 0 16600 CHEVRON CORP NEW COM 166764100 199 1869 SH SOLE 0 0 1869 CELGENE CORP COM 151020104 518 4200 SH SOLE 0 0 4200 BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 52 350 SH SOLE 0 0 350 BERKSHIRE HATHAWAY INC DEL CL A 084670108 891 4 SH SOLE 0 0 4 VANGUARD BD INDEX FD INC INTERMED TERM 921937819 1795 20765 SH SOLE 0 0 20765 BAIDU INC SPON ADR REP A 056752108 441 2000 SH SOLE 0 0 2000 BANK AMER CORP COM 060505104 241 15800 SH SOLE 0 0 15800 ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102 265 2650 SH SOLE 0 0 2650 BOEING CO COM 097023105 203 1550 SH SOLE 0 0 1550 AMERISOURCEBERGEN CORP COM 03073E105 402 4350 SH SOLE 0 0 4350 APPLE INC COM 037833100 954 8775 SH SOLE 0 0 8775 ALTRIA GROUP INC COM 02209S103 59 1200 SH SOLE 0 0 1200 AT&T INC COM 00206R102 140 4167 SH SOLE 0 0 4167 BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 75 500 SH SOLE 0 0 500 BOEING CO COM 097023105 39 300 SH SOLE 0 0 300 DDR CORP COM 23317H102 0 13 SH SOLE 0 0 13 DISNEY WALT CO COM DISNEY 254687106 115 1223 SH SOLE 0 0 1223 FRONTIER COMMUNICATIONS CORP COM 35906A108 32 4751 SH SOLE 0 0 4751 INTEL CORP COM 458140100 11 314 SH SOLE 0 0 314 JPMORGAN CHASE & CO COM 46625H100 72 1148 SH SOLE 0 0 1148 JOHNSON & JOHNSON COM 478160104 397 3800 SH SOLE 0 0 3800 KINDER MORGAN INC DEL COM 49456B101 37 877 SH SOLE 0 0 877 LILLY ELI & CO COM 532457108 149 2155 SH SOLE 0 0 2155 PFIZER INC COM 717081103 6 200 SH SOLE 0 0 200 RETAIL PPTYS AMER INC CL A 76131V202 157 9396 SH SOLE 0 0 9396 SPDR S&P 500 ETF TR TR UNIT 78462F103 7 35 SH SOLE 0 0 35 FIRST TR MORNINGSTAR DIV LEA SHS 336917109 354 14683 SH SOLE 0 0 14683 FIRST TR VALUE LINE DIVID IN SHS 33734H106 5 221 SH SOLE 0 0 221 FIRST TR LRGE CP CORE ALPHA COM SHS 33734K109 22 479 SH SOLE 0 0 479 FIRST TR EXCHANGE TRADED FD CONSUMR STAPLE 33734X119 45 1037 SH SOLE 0 0 1037 FIRST TR EXCHANGE TRADED FD FINLS ALPHADEX 33734X135 38 1669 SH SOLE 0 0 1669 FIRST TR EXCHANGE TRADED FD HLTH CARE ALPH 33734X143 87 1415 SH SOLE 0 0 1415 FIRST TR EXCHANGE TRADED FD TECH ALPHADEX 33734X176 22 645 SH SOLE 0 0 645 FIRST TR EXCHANGE TRADED FD UTILITIES ALPH 33734X184 166 6551 SH SOLE 0 0 6551 ISHARES TR 7-10 Y TR BD ETF 464287440 -0 -0 SH SOLE 0 0 -0 ISHARES MRGSTR MD CP ETF 464288208 331 2234 SH SOLE 0 0 2234 ISHARES INTL SEL DIV ETF 464288448 187 5410 SH SOLE 0 0 5410 ISHARES IBOXX HI YD ETF 464288513 126 1397 SH SOLE 0 0 1397 ISHARES 1-3 YR CR BD ETF 464288646 151 1436 SH SOLE 0 0 1436 ISHARES 3-7 YR TR BD ETF 464288661 -0 -0 SH SOLE 0 0 -0 POWERSHARES QQQ TRUST UNIT SER 1 73935A104 398 3874 SH SOLE 0 0 3874 POWERSHARES ETF TRUST II SENIOR LN PORT 73936Q769 29 1190 SH SOLE 0 0 1190 SPDR S&P 500 ETF TR TR UNIT 78462F103 333 1634 SH SOLE 0 0 1634 SPDR SERIES TRUST BRC HGH YLD BD 78464A417 272 6977 SH SOLE 0 0 6977 VANGUARD BD INDEX FD INC SHORT TRM BOND 921937827 958 11899 SH SOLE 0 0 11899 VANGUARD INTL EQUITY INDEX F ALLWRLD EX US 922042775 221 4623 SH SOLE 0 0 4623 VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 227 5536 SH SOLE 0 0 5536 VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD 92206C409 141 1754 SH SOLE 0 0 1754 VANGUARD INDEX FDS MCAP VL IDXVIP 922908512 101 1130 SH SOLE 0 0 1130 VANGUARD INDEX FDS REIT ETF 922908553 214 2466 SH SOLE 0 0 2466 ISHARES TR CORE S&P MCP ETF 464287507 1347 9301 SH SOLE 0 0 9301 ISHARES TR CORE S&P500 ETF 464287200 1561 7544 SH SOLE 0 0 7544 SPDR DOW JONES INDL AVRG ETF UT SER 1 78467X109 4831 27160 SH SOLE 0 0 27160 ISHARES TR RUSSELL 2000 ETF 464287655 1377 11513 SH SOLE 0 0 11513 SPDR S&P 500 ETF TR TR UNIT 78462F103 110 534 SH SOLE 0 0 534 SELECT SECTOR SPDR TR SBI INT-UTILS 81369Y886 782 16556 SH SOLE 0 0 16556 BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 90 598 SH SOLE 0 0 598 BOEING CO COM 097023105 65 498 SH SOLE 0 0 498 POWERSHARES QQQ TRUST UNIT SER 1 73935A104 4879 47255 SH SOLE 0 0 47255 ALTRIA GROUP INC COM 02209S103 145 2951 SH SOLE 0 0 2951 INTEL CORP COM 458140100 54 1483 SH SOLE 0 0 1483 PFIZER INC COM 717081103 117 3752 SH SOLE 0 0 3752 ISHARES TR US HLTHCARE ETF 464287762 2404 16680 SH SOLE 0 0 16680 ISHARES TR U.S. TECH ETF 464287721 2388 22869 SH SOLE 0 0 22869 ISHARES TR S&P 500 GRWT ETF 464287309 4798 42994 SH SOLE 0 0 42994 SELECT SECTOR SPDR TR TECHNOLOGY 81369Y803 880 21284 SH SOLE 0 0 21284 SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 2613 38220 SH SOLE 0 0 38220 YAHOO INC COM 984332106 24 468 SH SOLE 0 0 468 BANK AMER CORP COM 060505104 61 3433 SH SOLE 0 0 3433 GILEAD SCIENCES INC COM 375558103 24 255 SH SOLE 0 0 255 NIKE INC CL B 654106103 34 352 SH SOLE 0 0 352 ISHARES TR 1-3 YR TR BD ETF 464287457 129 1533 SH SOLE 0 0 1533 ISHARES TR 7-10 Y TR BD ETF 464287440 2104 19847 SH SOLE 0 0 19847 APPLE INC COM 037833100 516 4671 SH SOLE 0 0 4671 VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 121 3033 SH SOLE 0 0 3033 FRONTIER COMMUNICATIONS CORP COM 35906A108 55 8285 SH SOLE 0 0 8285 VANGUARD INDEX FDS REIT ETF 922908553 97 1202 SH SOLE 0 0 1202 CLEAN HARBORS INC COM 184496107 234 4862 SH SOLE 0 0 4862 BAIDU INC SPON ADR REP A 056752108 5 21 SH SOLE 0 0 21 MOBILE MINI INC COM 60740F105 211 5216 SH SOLE 0 0 5216 DISNEY WALT CO COM DISNEY 254687106 102 1085 SH SOLE 0 0 1085 JOHNSON & JOHNSON COM 478160104 144 1373 SH SOLE 0 0 1373 ISHARES TR MSCI EAFE ETF 464287465 65 1069 SH SOLE 0 0 1069 CHEVRON CORP NEW COM 166764100 81 719 SH SOLE 0 0 719 AT&T INC COM 00206R102 145 4325 SH SOLE 0 0 4325 ISHARES TR U.S. CNSM SV ETF 464287580 2409 17486 SH SOLE 0 0 17486 SPDR SERIES TRUST BRC HGH YLD BD 78464A417 465 12034 SH SOLE 0 0 12034 FIRST TR EXCHANGE TRADED FD FINLS ALPHADEX 33734X135 563 24188 SH SOLE 0 0 24188 ISHARES TR U.S. CNSM GD ETF 464287812 2360 22527 SH SOLE 0 0 22527 FIRST TR EXCHANGE TRADED FD HLTH CARE ALPH 33734X143 238 3953 SH SOLE 0 0 3953 FIRST TR EXCHANGE TRADED FD TECH ALPHADEX 33734X176 716 20737 SH SOLE 0 0 20737 FIRST TR EXCHANGE TRADED FD UTILITIES ALPH 33734X184 573 23018 SH SOLE 0 0 23018 SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 136 5483 SH SOLE 0 0 5483 AMER RLTY CAP HEALTHCAR TR I COM 02917R108 225 18879 SH SOLE 0 0 18879 LILLY ELI & CO COM 532457108 58 838 SH SOLE 0 0 838 JPMORGAN CHASE & CO COM 46625H100 103 1640 SH SOLE 0 0 1640 FIRST TR MORNINGSTAR DIV LEA SHS 336917109 17 705 SH SOLE 0 0 705 VANGUARD INDEX FDS MCAP VL IDXVIP 922908512 65 724 SH SOLE 0 0 724 KINDER MORGAN INC DEL COM 49456B101 55 1298 SH SOLE 0 0 1298 ISHARES IBOXX HI YD ETF 464288513 857 9565 SH SOLE 0 0 9565 JOHNSON CTLS INC COM 478366107 34 696 SH SOLE 0 0 696 ISHARES CORE US CR BD 464288620 339 3028 SH SOLE 0 0 3028 VANGUARD BD INDEX FD INC INTERMED TERM 921937819 294 3468 SH SOLE 0 0 3468 ISHARES MBS ETF 464288588 922 8431 SH SOLE 0 0 8431 SCHWAB STRATEGIC TR US LCAP VA ETF 808524409 1580 35835 SH SOLE 0 0 35835 ALPS ETF TR ALERIAN MLP 00162Q866 296 16894 SH SOLE 0 0 16894 LKQ CORP COM 501889208 305 10843 SH SOLE 0 0 10843 MID-AMER APT CMNTYS INC COM 59522J103 270 3612 SH SOLE 0 0 3612 UNITED RENTALS INC COM 911363109 19 184 SH SOLE 0 0 184 SWIFT TRANSN CO CL A 87074U101 296 10351 SH SOLE 0 0 10351 ADVANCE AUTO PARTS INC COM 00751Y106 216 1356 SH SOLE 0 0 1356 SPDR GOLD TRUST GOLD SHS 78463V107 603 5308 SH SOLE 0 0 5308 FIRST TR VALUE LINE DIVID IN SHS 33734H106 761 31503 SH SOLE 0 0 31503 ISHARES SILVER TRUST ISHARES 46428Q109 562 37294 SH SOLE 0 0 37294 CENTERSTATE BANKS INC COM 15201P109 160 13450 SH SOLE 0 0 13450 NORTHSTAR RLTY FIN CORP COM NEW 66704R704 16 883 SH SOLE 0 0 883 FIRST TR EXCHANGE TRADED FD CONSUMR DISCRE 33734X101 609 17021 SH SOLE 0 0 17021 FIRST TR EXCHANGE TRADED FD CONSUMR STAPLE 33734X119 611 14349 SH SOLE 0 0 14349 FIRST TR LRGE CP CORE ALPHA COM SHS 33734K109 259 5668 SH SOLE 0 0 5668 PROSPECT CAPITAL CORPORATION COM 74348T102 15 1796 SH SOLE 0 0 1796 RAND LOGISTICS INC COM 752182105 39 9896 SH SOLE 0 0 9896 POWERSHARES ETF TRUST II SENIOR LN PORT 73936Q769 179 7440 SH SOLE 0 0 7440 POWERSHARES ETF TR II S&P500 LOW VOL 73937B779 311 8182 SH SOLE 0 0 8182 RETAIL PPTYS AMER INC CL A 76131V202 124 7448 SH SOLE 0 0 7448 ISHARES 1-3 YR CR BD ETF 464288646 141 1340 SH SOLE 0 0 1340 VANGUARD BD INDEX FD INC SHORT TRM BOND 921937827 102 1271 SH SOLE 0 0 1271 ISHARES INTL SEL DIV ETF 464288448 15 453 SH SOLE 0 0 453 ISHARES 3-7 YR TR BD ETF 464288661 577 4717 SH SOLE 0 0 4717 UNITED DEV FDG IV COM 910187103 551 30038 SH SOLE 0 0 30038 ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102 0 65 SH SOLE 0 0 65 ALTRIA GROUP INC COM 02209S103 0 2741 SH SOLE 0 0 2741 APPLE INC COM 037833100 0 448 SH SOLE 0 0 448 BOEING CO COM 097023105 0 31 SH SOLE 0 0 31 CHEVRON CORP NEW COM 166764100 0 60 SH SOLE 0 0 60 LILLY ELI & CO COM 532457108 0 24 SH SOLE 0 0 24 GILEAD SCIENCES INC COM 375558103 0 68 SH SOLE 0 0 68 JOHNSON & JOHNSON COM 478160104 0 1996 SH SOLE 0 0 1996 JPMORGAN CHASE & CO COM 46625H100 0 332 SH SOLE 0 0 332 KINDER MORGAN INC DEL COM 49456B101 0 839 SH SOLE 0 0 839 NIKE INC CL B 654106103 0 19 SH SOLE 0 0 19 NORTHSTAR RLTY FIN CORP COM NEW 66704R704 0 15407 SH SOLE 0 0 15407 PREFERRED APT CMNTYS INC COM 74039L103 0 11080 SH SOLE 0 0 11080 PROSPECT CAPITAL CORPORATION COM 74348T102 0 512 SH SOLE 0 0 512 SCHWAB STRATEGIC TR US LCAP VA ETF 808524409 2 38972 SH SOLE 0 0 38972 SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 1 24743 SH SOLE 0 0 24743 SELECT SECTOR SPDR TR TECHNOLOGY 81369Y803 1 25896 SH SOLE 0 0 25896 SELECT SECTOR SPDR TR SBI INT-UTILS 81369Y886 0 123 SH SOLE 0 0 123 SPDR GOLD TRUST GOLD SHS 78463V107 0 50 SH SOLE 0 0 50 VANGUARD INDEX FDS MCAP VL IDXVIP 922908512 1 11447 SH SOLE 0 0 11447 VANGUARD INDEX FDS S&P 500 ETF SHS 922908363 2 11053 SH SOLE 0 0 11053 VANGUARD INDEX FDS REIT ETF 922908553 0 773 SH SOLE 0 0 773 DISNEY WALT CO COM DISNEY 254687106 0 455 SH SOLE 0 0 455 YAHOO INC COM 984332106 0 157 SH SOLE 0 0 157