error with Vlookup

I am doing a VLookup with an IF an the result it is returning is True. What I am trying to dai is say

If R2 is = No Match Lookup AK2 in the range A:AB column 5 if found return the answer but if it's not there I want it to return Not Found

=ISERROR(IF(R154="No Match",VLOOKUP(AK154,X:AB,5,0),"Not Found"))

What am I doing wrong?

Thanks in advance
JagwarmanAsked:
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helpfinderIT ConsultantCommented:
but ISERROR formula evaluates value inside formula and gives you TRUE or FALSE.
what if you try just:
=IF(R154="No Match",VLOOKUP(AK154,X:AB,5,0),"Not Found")

or you can attach excel sample

PS: also could be:
=IF(R154="No Match",VLOOKUP(AK154,$X:$AB,5,0),"Not Found")
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JagwarmanAuthor Commented:
helpfinder

That returns N/A
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helpfinderIT ConsultantCommented:
then it means in R154 is "No Match" and formula continues with true argument (VLOOKUP). VLOOKUP does not find match so returns N/A. This is how I see that formula and interprete your result.
If you want to have "Not Found" in case R154 is not "No Match" (this you have) and something else (e.g. "Nth found") if VLOOKUP does not find a match try to use this formula:
=iferror(IF(R154="No Match",VLOOKUP(AK154,X:AB,5,0),"Not Found"),"Nth found")
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JagwarmanAuthor Commented:
I changed it to

=IFERROR(IF(R154="No Match",VLOOKUP(AK154,X:AB,5,0),""),"Not Found")

and it is exactly what I needed

Thanks
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