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的股票，因为基金回报的差异主要来自于能否重仓投资到极少数的超级成长股。正所谓流水不争先，争的是滔滔不绝。因此我们会继续把精力集中在少数公司的持续研究跟踪中去，相信时间的力量。在具体的运作中，在一季度，我们增加了对半导体设备龙头的持仓，因为我们持续研究跟踪了近几年公司的基本面，看到行业正处在加速发展的周期中，且公司的竞争力越来越强，可能迎来收入的爆发式增长。此外，在一季度我们还在光伏下跌时大幅加仓。这两次加仓操作为组合做出了很大的贡献。我们全年持有的消费电子龙头，半导体设计龙头，家电龙头，都是本基金持有多年的标的，尽管2021年的股价表现一般，但我们看好公司持续成长的前景，因此仍维持重仓。在四季度，我们大幅加仓了医疗行业个股，主要是基于过去多年的研究跟踪。我们会通过更加勤勉的态度和不懈的努力去探求更接近真实的基本面，以量化的手段来控制盈利回撤的幅度，希望能够给投资人创造更好的投资体验。","declarationDate":"2022-01-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:08:00.173Z","mo":"我们对中国优秀的企业充满信心，因此尽管面临各种不利的外部环境，我们依然看好2022年的权益市场。我们认为中国经济有很强的韧性，政府稳中有进的调控将很好地对冲外部环境的变化。基于整体的流动性环境，我们认为市场依然会是板块轮动的行情，我们会继续在自己擅长的领域力争超额收益。在过去两年的时间里，电子行业中的半导体细分领域业绩高速增长消化估值，我们认为核心企业的股价已经到了非常有吸引力的水平，尽管投资者在2021年一度担心产能紧缺的缓解会导致周期见顶，但事实是尽管手机行业的需求在放缓，但总需求依然强劲，供需缺口持续存在。对于医药行业我们认为集采有可能是行业的常态，当投资者习惯了集采后，会发现只要医药板块整体是增长的，就总会存在快速成长的细分领域，即使是集采的领域，竞争结构也在优化，头部企业通过降价获取了数倍的市场份额。随着股价的调整，估值渐趋合理，我们将持续在其中寻找机会。","fund":{"_id":3000000002133,"stockCode":"002133","stockType":"fund","areaCode":"cn","followedNum":14,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2016-11-06T16:00:00.000Z","setUpScale":200056000,"market":"a","tickerId":2133,"name":"广发鑫益灵活配置混合型证券投资基金","shortName":"广发鑫益混合","fundSecondLevel":"hybrid","fundStatus":"normal","lastUpdated":"2026-09-04T13:13:57.941Z","inceptionDate":"2016-11-15T16:00:00.000Z","fundCollectionId":4000050300000,"currency":"CNY","pinyin":"gfxylhpzhhxzqtzjj","masterFundShortName":"广发鑫益混合","__csrcFundId":1001,"managers":[{"stockCode":"db20548217","stockType":"fund_manager","exchange":"fm","tickerId":625170210,"name":"费逸"}]},"announcement":{"linkText":"广发鑫益灵活配置混合型证券投资基金2021年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=707441","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec6307fea5b3eb0453a50","date":"2021-09-29T16:00:00.000Z","stockId":3000000002133,"sao":"2021年三季度，市场主要指数保持震荡。以化工、煤炭、有色为代表的行业由于产品大幅涨价而驱动股价上涨，消费、医药等行业回调较多。我们没有因为市场的波动而改变自己的方法论，因此并没有参与到如火如荼的周期股行情当中，而是继续检视自己的持仓，并在长期深耕的高端制造业和消费行业中寻找机会。我们认为周期股的上涨，在上半段可以看成是由基本面改善驱动，是对过去低估值的一个修复；在后半段，股价演绎的逻辑是跟着产品涨价走。而常识告诉我们，全球煤炭储量最丰富的国家及全球制造业产能最大的国家，几乎不会出现持续的工业品和资源品涨价现象，通常只会是阶段性的。因此我们冷静地旁观市场的演变。在三季度的具体运作中，本基金对原有持仓做了优化，对于看好的股票在下跌后进一步加仓。因为我们相信基金回报的差异主要是来自于能否重仓投资到极少数的超级成长股。我们增加了对半导体龙头和家电龙头公司的持仓，减持了部分光伏行业的公司。我们会通过更加勤勉的态度和不懈的努力去探求更接近真实的基本面，以量化的手段来控制盈利回撤的幅度，尽量减少犯错的损失，以期能够给投资人创造更理想的收益。","declarationDate":"2021-10-25T16:00:00.000Z","lastUpdated":"2026-03-09T13:08:00.170Z","fund":{"_id":3000000002133,"stockCode":"002133","stockType":"fund","areaCode":"cn","followedNum":14,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2016-11-06T16:00:00.000Z","setUpScale":200056000,"market":"a","tickerId":2133,"name":"广发鑫益灵活配置混合型证券投资基金","shortName":"广发鑫益混合","fundSecondLevel":"hybrid","fundStatus":"normal","lastUpdated":"2026-09-04T13:13:57.941Z","inceptionDate":"2016-11-15T16:00:00.000Z","fundCollectionId":4000050300000,"currency":"CNY","pinyin":"gfxylhpzhhxzqtzjj","masterFundShortName":"广发鑫益混合","__csrcFundId":1001,"managers":[{"stockCode":"db20548217","stockType":"fund_manager","exchange":"fm","tickerId":625170210,"name":"费逸"}]},"announcement":{"linkText":"广发鑫益灵活配置混合型证券投资基金2021年第3季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=650508","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec6307fea5b3eb0453a4f","date":"2021-06-29T16:00:00.000Z","stockId":3000000002133,"sao":"2021年上半年，市场主要指数经历了较大的波动，其中医药、光伏、电动车、半导体等产业链的成长股表现较好，周期股整体上涨后在高位震荡。本基金的投资策略是在沪深300的行业配置基础上，根据中期的景气变化做适当的行业偏离，并在行业内部进一步优选公司。我们希望通过行业配置和个股选择创造超额收益。报告期内，本基金延续了过去2年的策略。利用市场的波动，我们顶住压力进行了组合的调整。在一季度市场下跌的过程中，增持了我们认为景气向上持续性更好的行业和公司，比如光伏和电动车；在二季度初期，我们继续增配了半导体板块，并加仓了部分医疗公司，这些操作为上半年基金净值做出了很大的贡献。","declarationDate":"2021-07-19T16:00:00.000Z","lastUpdated":"2026-03-09T13:08:00.167Z","mo":"尽管全球复苏进程会时不时被新冠疫情打断，但总体上各种生产生活已经在有序地恢复，因此要着眼于疫情后，那些给经济生活带来长久变化的部分，而不是疫情当前的临时状态。我们发现，数字化、线上化是一个长期的趋势。人工智能越来越多地渗透到生产生活的方方面面，以至于各国政府都开始重视底层数据的规范，开始治理数据的安全使用问题。我们认为疫情后的一个大问题是，全球宽松的流动性何时逆转。这也是始终困扰着投资人的高估值问题的根源。无数的经济学家、机构和研究员就此给出了自己的答案，我们目前的做法是选择投资那些优秀的公司，希望他们能穿越周期，这看似短期回避了估值的问题，但我们也知道能穿越周期的公司是极少数的，大部分公司都是在泡沫中起舞。因此我们也会密切关注宏观的变化，不断调整和筛选组合的成分股。我们始终相信，在实现中华民族伟大复兴的征程中，我们的资本市场也会一同走向繁荣，道路可能会有颠簸，但不妨碍我们长期投资者与优秀企业家同行的决心。","fund":{"_id":3000000002133,"stockCode":"002133","stockType":"fund","areaCode":"cn","followedNum":14,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2016-11-06T16:00:00.000Z","setUpScale":200056000,"market":"a","tickerId":2133,"name":"广发鑫益灵活配置混合型证券投资基金","shortName":"广发鑫益混合","fundSecondLevel":"hybrid","fundStatus":"normal","lastUpdated":"2026-09-04T13:13:57.941Z","inceptionDate":"2016-11-15T16:00:00.000Z","fundCollectionId":4000050300000,"currency":"CNY","pinyin":"gfxylhpzhhxzqtzjj","masterFundShortName":"广发鑫益混合","__csrcFundId":1001,"managers":[{"stockCode":"db20548217","stockType":"fund_manager","exchange":"fm","tickerId":625170210,"name":"费逸"}]},"announcement":{"linkText":"广发鑫益灵活配置混合型证券投资基金2021年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=628398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本基金以跟踪并跑赢沪深300指数目标进行配置，在行业选择上适度偏离沪深300的权重，主要是超配了医药、电子和家电三个行业，在个股选择上更注重成长性好的行业龙头公司。我们的这一策略在报告期内取得了很好的成绩。 本基金会继续秉持前述的稳定风格，维持中高仓位的运作，勤勉尽责，争取为持有人创造更好的收益。","date":"2020-06-29T16:00:00.000Z","declarationDate":"2020-07-19T16:00:00.000Z","lastUpdated":"2026-03-09T13:08:00.157Z","mo":"我们认为中国经济逐步回归常态，人们逐渐习惯与零星散发的新冠病例共存，并期待疫苗能够在年底推出。 A股市场提前反映了经济的正常化，并在新兴产业的带领下，已经实现了很好的涨幅。我们认为结构性的牛市还会持续，在充裕的流动性下，优质资产的估值会长期在高位。长期我们更看好电子、新能源、医药、食品饮料等行业，短期低估值的传统产业也有估值修复的机会。","fund":{"_id":3000000002133,"stockCode":"002133","stockType":"fund","areaCode":"cn","followedNum":14,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2016-11-06T16:00:00.000Z","setUpScale":200056000,"market":"a","tickerId":2133,"name":"广发鑫益灵活配置混合型证券投资基金","shortName":"广发鑫益混合","fundSecondLevel":"hybrid","fundStatus":"normal","lastUpdated":"2026-09-04T13:13:57.941Z","inceptionDate":"2016-11-15T16:00:00.000Z","fundCollectionId":4000050300000,"currency":"CNY","pinyin":"gfxylhpzhhxzqtzjj","masterFundShortName":"广发鑫益混合","__csrcFundId":1001,"managers":[{"stockCode":"db20548217","stockType":"fund_manager","exchange":"fm","tickerId":625170210,"name":"费逸"}]},"announcement":{"linkText":"广发鑫益灵活配置混合型证券投资基金2020年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=450185","linkType":"PDF","source":"csrc_pdf"}}]}