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使相对景气度仍然持续且估值回到合理偏低水平，但在存量博弈环境下大部分板块均缺乏机会甚至存在一定程度的卖出压力，因此一季度主动管理基金包括指数增强类基金跑赢指数难度较大。　　本基金在操作中恪守基金合同，采用指数增强策略，严格控制跟踪误差及其他风险属性。使用量化选股手段，努力挑选盈利质量高、盈利能力强、估值合理的大盘蓝筹股票。选股因子偏好长期稳定有效的基本面因子，有效降低组合换手率与交易成本。持仓结构分散以控制个股风险，仓位保持合理稳定。本报告期内，本基金增加了计算机、建筑、食品饮料的配置，减少了消费者服务、电力设备及新能源、银行的配置。","declarationDate":"2023-04-20T16:00:00.000Z","lastUpdated":"2026-03-09T14:09:28.207Z","fund":{"_id":3000000162213,"stockCode":"162213","stockType":"fund","areaCode":"cn","followedNum":82,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":"stock","ipoDate":"2010-03-14T16:00:00.000Z","setUpScale":1165040000,"market":"a","tickerId":162213,"custody":"中国银行股份有限公司","name":"宏利沪深300指数增强型证券投资基金","shortName":"宏利沪深300指数增强(162213)","fundSecondLevel":"company","lastUpdated":"2026-06-12T17:11:46.912Z","__csrcFundId":2925,"fundStatus":"normal","masterFundFlag":1,"inceptionDate":"2010-04-22T16:00:00.000Z","fundCollectionId":4000050170000,"currency":"CNY","masterFundShortName":"宏利沪深300指数增强","pinyin":"hlhs300zszqxzqtzjj","__indexSourceEastMoney":1,"__indexSourceCsi":1,"indexFundFlag":1,"indexId":1000000000300,"managers":[{"stockCode":"db20835610","stockType":"fund_manager","exchange":"fm","tickerId":122020211940,"name":"李婷婷"}]},"announcement":{"linkText":"泰达宏利沪深300指数增强型证券投资基金2023年第一季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=882300","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed4987fea5b3eb054cc39","date":"2022-12-30T16:00:00.000Z","stockId":3000000162213,"sao":"2022年是权益市场充满波折与考验的一年，受疫情冲击，美联储开启加息周期并因通胀难控造成节奏超预期，俄乌冲突持续激化带来的世界范围的低风险偏好，以及北向资金持续净流出对低活跃度市场的负面影响，均在一定程度上造成了权益资产全年维度的下行。在交易情绪低迷，缺乏增量资金流入，参与者存量博弈的环境下，风格特征偏向于防御，低估值、高分红、低波动等风格相对占优，而以高成长、高盈利、业绩超预期等为特征的景气赛道除二季度反弹期间外均处于承压状态，也显示了资金对于经济预期与景气持续性的悲观态度。二十大之后随着稳增长政策进一步明确，房地产“三支箭”政策相继出台，疫情管控政策逐步优化放松，在大安全、数字经济、地产产业链、消费与出行等领域出现了积极的资金参与，也带动市场从10月底的阶段性底部企稳回升。　　本基金在操作中恪守基金合同，采用指数增强策略，严格控制跟踪误差及其他风险属性。使用量化选股手段，挑选盈利质量高、盈利能力强、估值合理的大盘蓝筹股票。选股因子偏好长期稳定有效的基本面因子，有效降低组合换手率与交易成本。持仓结构分散以控制个股风险，仓位保持合理稳定。本报告期内，本基金增加了交通运输、汽车、农林牧渔的配置，减少了国防军工、医药、家电的配置。","declarationDate":"2023-01-17T16:00:00.000Z","lastUpdated":"2026-03-09T14:09:28.204Z","mo":"展望2023年，宏观环境、政策、经济预期、增量资金等因素均在可见的向着积极的方向发展。防疫政策优化调整，春节出游与消费数据回暖，社会生产与生活或将以较快的速度恢复至相对正常的状态；美联储加息进入尾声及外资对中国经济的乐观预期驱动北向资金转向净流入；权益市场赚钱效应回升或能吸引险资、理财、私募等当前权益仓位较低的绝对收益资金回流，同时改善公募基金申购与新发状况，带来新的资金增量。经历了一年左右的价值风格后，在经济成功企稳复苏且流动性合理充裕的条件下，2023年成长风格料将重新占据主导。从增量资金维度看机构定价权若加大，市值风格优势将偏向于中大盘。而行情回暖市场普涨背景下结构分化不明显，适合配置沪深300、中证500等中大盘宽基指数，或者高盈利质量的消费类指数。行业层面看好大安全主线，包括高端制造、数字经济、能源安全、粮食安全等领域，同时也看好消费、医药、金融等板块估值与盈利修复的机会。　　基于基金合同与投资观点，本基金严格控制对行业、市值等风险的暴露，有选择的配置有长期稳定收益的风格。在选股策略上倾向于选择盈利质量高、盈利能力长期稳定、公司治理规范、估值合理的蓝筹股。在持仓上选择不过分暴露个股相对权重，分散投资以期平衡组合风险。","fund":{"_id":3000000162213,"stockCode":"162213","stockType":"fund","areaCode":"cn","followedNum":82,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":"stock","ipoDate":"2010-03-14T16:00:00.000Z","setUpScale":1165040000,"market":"a","tickerId":162213,"custody":"中国银行股份有限公司","name":"宏利沪深300指数增强型证券投资基金","shortName":"宏利沪深300指数增强(162213)","fundSecondLevel":"company","lastUpdated":"2026-06-12T17:11:46.912Z","__csrcFundId":2925,"fundStatus":"normal","masterFundFlag":1,"inceptionDate":"2010-04-22T16:00:00.000Z","fundCollectionId":4000050170000,"currency":"CNY","masterFundShortName":"宏利沪深300指数增强","pinyin":"hlhs300zszqxzqtzjj","__indexSourceEastMoney":1,"__indexSourceCsi":1,"indexFundFlag":1,"indexId":1000000000300,"managers":[{"stockCode":"db20835610","stockType":"fund_manager","exchange":"fm","tickerId":122020211940,"name":"李婷婷"}]},"announcement":{"linkText":"泰达宏利沪深300指数增强型证券投资基金2022年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=871995","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed4987fea5b3eb054cc38","date":"2022-09-29T16:00:00.000Z","stockId":3000000162213,"sao":"三季度市场进入今年以来第二次较长周期的震荡调整，前期反弹主力如电力设备与新能源、汽车、有色、化工等行业回调幅度也相对更深，而相对有韧性的是煤炭、石油石化等传统能源行业，估值仍在低位的大金融板块以及稳定类行业如电力及公用事业等。市场弱势的诱因可能在于美联储超预期的加息幅度与持续周期、国外经济衰退预期导致外需与出口在可见时间范围内将走弱、国内消费与地产行业的回升幅度仍相对较低等因素。另外市场增量资金匮乏，陆股通北向持续净流出，公募基金发行也处于历史较低水平，表现在盘面上即交投清淡，资金参与意愿不足。  本基金在操作中恪守基金合同，采用指数增强策略，严格控制跟踪误差及其他风险属性。使用量化选股手段，努力挑选盈利质量高、盈利能力强、估值合理的大盘蓝筹股票。选股因子偏好长期稳定有效的基本面因子，有效降低组合换手率与交易成本。持仓结构分散以期控制个股风险，仓位保持合理稳定。本报告期内，本基金增加了煤炭、银行、医药行业的配置，减少了非银行金融、交通运输、电子行业的配置。  基于基金合同与投资观点，本基金严格控制对行业、市值等风险的暴露，有选择的配置有长期稳定收益的风格。在选股策略上倾向于选择盈利质量高、盈利能力长期稳定、公司治理规范、估值合理的蓝筹股。在持仓上选择不过分暴露个股相对权重，分散投资以期平衡组合风险。","declarationDate":"2022-10-25T16:00:00.000Z","lastUpdated":"2026-03-09T14:09:28.201Z","fund":{"_id":3000000162213,"stockCode":"162213","stockType":"fund","areaCode":"cn","followedNum":82,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":"stock","ipoDate":"2010-03-14T16:00:00.000Z","setUpScale":1165040000,"market":"a","tickerId":162213,"custody":"中国银行股份有限公司","name":"宏利沪深300指数增强型证券投资基金","shortName":"宏利沪深300指数增强(162213)","fundSecondLevel":"company","lastUpdated":"2026-06-12T17:11:46.912Z","__csrcFundId":2925,"fundStatus":"normal","masterFundFlag":1,"inceptionDate":"2010-04-22T16:00:00.000Z","fundCollectionId":4000050170000,"currency":"CNY","masterFundSh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。","declarationDate":"2022-01-23T16:00:00.000Z","lastUpdated":"2026-03-09T14:09:28.193Z","mo":"2022年国内经济增速短期面临着需求收缩、供给冲击、预期转弱的压力，但稳增长的一致预期对提振市场信心起到了积极的作用，货币政策的发力或将带来市场流动性的相对宽松，权益资产仍有积极可为的空间。在企业盈利空间下行，经济阶段性承压，货币政策与财政政策边际宽松等条件下，根据历史规律来看，市场风格或更偏向大盘价值与大盘成长。短期重视价值风格的回归，在风格配置上偏向均衡，稳增长受益且估值仍在低位的建筑、建材、地产、轻工、家电、金融等行业相对占优。中长期来看随着经济企稳回升与市场情绪的回暖，成长风格在估值趋于合理后仍然会显露出其盈利增速的相对优势，看好清洁能源、高端制造、数字经济等领域的长期增长动能。  基于基金合同与投资观点，本基金将严格控制对行业、市值等风险的暴露，有选择的配置有长期稳定收益的风格标的。在选股策略上倾向于选择盈利质量高、盈利能力长期稳定、公司治理规范、估值合理的蓝筹股。在持仓上选择不过分暴露个股相对权重，以期分散投资以平衡组合风险。","fund":{"_id":3000000162213,"stockCode":"162213","stockType":"fund","areaCode":"cn","followedNum":82,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":"stock","ipoDate":"2010-03-14T16:00:00.000Z","setUpScale":1165040000,"market":"a","tickerId":162213,"custody":"中国银行股份有限公司","name":"宏利沪深300指数增强型证券投资基金","shortName":"宏利沪深300指数增强(162213)","fundSecondLevel":"company","lastUpdated":"2026-06-12T17:11:46.912Z","__csrcFundId":2925,"fundStatus":"normal","masterFundFlag":1,"inceptionDate":"2010-04-22T16:00:00.000Z","fundCollectionId":4000050170000,"currency":"CNY","masterFundShortName":"宏利沪深300指数增强","pinyin":"hlhs300zszqxzqtzjj","__indexSourceEastMoney":1,"__indexSourceCsi":1,"indexFundFlag":1,"indexId":1000000000300,"managers":[{"stockCode":"db20835610","stockType":"fund_manager","exchange":"fm","tickerId":122020211940,"name":"李婷婷"}]},"announcement":{"linkText":"泰达宏利沪深300指数增强型证券投资基金2021年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=715253","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed4987fea5b3eb054cc34","date":"2021-09-29T16:00:00.000Z","stockId":3000000162213,"sao":"三季度市场围绕高景气度逻辑进行着大类板块内细分赛道的轮动，主线仍然是新能源车、锂电、光伏、风电以及新能源相关的化工与石化等领域。在“双碳”政策背景下能源与上游采掘领域供给受限，且夏季用电高峰的电能紧缺造成能耗“双控”措施的出台，反应在市场中即表现为煤炭、钢铁、有色等周期上游行业股价随着资源品的不断涨价而屡创新高。另一方面，以食品饮料与医药为代表的传统核心资产仍然受到压制，国内消费恢复仍不及预期，加之大消费板块业绩增速相对其估值来说性价比仍然不高。市场整体赚钱效应仍在，成交额常态化超万亿说明资金供给与交易情绪都保持着良好的水平，但结构分化的加剧使得方向与风格的判断尤为重要。  本基金在操作中恪守基金合同，采用指数增强策略，严格控制跟踪误差及其他风险属性。使用量化选股手段，挑选盈利质量高、盈利能力强、估值合理的大盘蓝筹股票。选股因子偏好长期稳定有效的基本面因子，有效降低组合换手率与交易成本。持仓结构分散以控制个股风险，仓位保持合理稳定。本报告期内，本基金增加了有色金属、电力设备及新能源、交通运输行业的配置，减少了食品饮料、银行、消费者服务行业的配置。","declarationDate":"2021-10-26T16:00:00.000Z","lastUpdated":"2026-03-09T14:09:28.190Z","fund":{"_id":3000000162213,"stockCode":"162213","stockType":"fund","areaCode":"cn","followedNum":82,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":"stock","ipoDate":"2010-03-14T16:00:00.000Z","setUpScale":1165040000,"market":"a","tickerId":162213,"custody":"中国银行股份有限公司","name":"宏利沪深300指数增强型证券投资基金","shortName":"宏利沪深300指数增强(162213)","fundSecondLevel":"company","lastUpdated":"2026-06-12T17:11:46.912Z","__csrcFundId":2925,"fundStatus":"normal","masterFundFlag":1,"inceptionDate":"2010-04-22T16:00:00.000Z","fundCollectionId":4000050170000,"currency":"CNY","masterFundShortName":"宏利沪深300指数增强","pinyin":"hlhs300zszqxzqtzjj","__indexSourceEastMoney":1,"__indexSourceCsi":1,"indexFundFlag":1,"indexId":1000000000300,"managers":[{"stockCode":"db20835610","stockType":"fund_manager","exchange":"fm","tickerId":122020211940,"name":"李婷婷"}]},"announcement":{"linkText":"泰达宏利沪深300指数增强型证券投资基金2021年第三季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=654893","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed4987fea5b3eb054cc33","date":"2021-06-29T16:00:00.000Z","stockId":3000000162213,"sao":"2021年上半年A股市场历经数次风格切换，结构性行情特点依旧。春节前绩优白马股延续了2020年以来的盈利质量占优的风格且逐渐演绎至相当极致的水平；节后高质量与高成长风格迅速回调，价值风格得到一定程度的修复并成为资金避险之选；二季度市场结构性行情再现，随着疫苗接种与经济修复进程的推进，且国内外流动性环境超预期宽松，市场主导风格从蓝筹的高盈利质量切换为阶段性高景气与盈利改善风格。具体表现为受益于制造业生产需求修复、大宗商品涨价或因碳排放政策限制供应端产能的钢铁、煤炭、有色等上游资源型行业，以及景气度大幅改善且业绩得到逐步验证的新能源、汽车、化工、光伏等制造行业在二季度脱颖而出，成为市场新的选择方向。以半导体、军工为代表的高端制造领域在历经前期宽幅震荡后亦得到了市场的认可。  本基金在操作中恪守基金合同，采用指数增强策略，严格控制跟踪误差及其他风险属性。使用量化选股手段，力争挑选盈利质量高、能力强、估值合理的大盘蓝筹股票。选股因子偏好长期稳定有效的基本面因子，有效降低组合换手率与交易成本。持仓结构分散以控制个股风险，仓位保持合理稳定。本报告期内，本基金增加了基础化工、电子、机械行业的配置，减少了非银行金融、房地产、家电行业的配置。","declarationDate":"2021-07-20T16:00:00.000Z","lastUpdated":"2026-03-09T14:09:28.188Z","mo":"展望后市，国内与世界范围内生产与消费的修复进程仍将持续，疫情控制变数造成的经济回暖节奏或不达预期，各国对通胀的容忍程度也将更高，从而继续维持一个有利于资本市场的偏宽松的流动性环境。从经济基本面来看，下半年国内消费增速回暖趋势依旧，投资端制造业的新能源、汽车、芯片等领域持续大规模资本开支，地方专项债加快发行或使基建投资保持增长，且当前出口数据仍然强劲，对于企业盈利端有较好的支撑。市场风格偏好方面，因经济增长中枢长期下行，成长性逐渐成为稀缺资源，而中性偏松的货币政策基调也更加有利于成长风格。另一方面，前期大部分机构资金配置集中于绩优蓝筹领域，后期不排除仍有相当体量的资金迫于压力进行风格调整，从而进一步维持新能源、半导体、有色、化工等热门赛道的强势局面。中长期看我们倾向于市场风格将回归均衡，前期跌幅较大的高盈利质量与低估值风格在未来仍然值得重视。  基于基金合同与投资观点，本基金严格控制对行业、市值等风险的暴露，有选择的配置有长期稳定收益的风格。在选股策略上倾向于选择盈利质量高、盈利能力长期稳定、公司治理规范、估值合理的蓝筹股。在持仓上选择不过分暴露个股相对权重，分散投资以期平衡组合风险。","fund":{"_id":3000000162213,"stockCode":"162213","stockType":"fund","areaCode":"cn","followedNum":82,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":"stock","ipoDate":"2010-03-14T16:00:00.000Z","setUpScale":1165040000,"market":"a","tickerId":162213,"custody":"中国银行股份有限公司","name":"宏利沪深300指数增强型证券投资基金","shortName":"宏利沪深300指数增强(162213)","fundSecondLevel":"company","lastUpdated":"2026-06-12T17:11:46.912Z","__csrcFundId":2925,"fundStatus":"normal","masterFundFlag":1,"inceptionDate":"2010-04-22T16:00:00.000Z",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行业、银行行业、石油石化行业的配置。","date":"2020-09-29T16:00:00.000Z","declarationDate":"2020-10-27T16:00:00.000Z","lastUpdated":"2026-03-09T14:09:28.180Z","fund":{"_id":3000000162213,"stockCode":"162213","stockType":"fund","areaCode":"cn","followedNum":82,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":"stock","ipoDate":"2010-03-14T16:00:00.000Z","setUpScale":1165040000,"market":"a","tickerId":162213,"custody":"中国银行股份有限公司","name":"宏利沪深300指数增强型证券投资基金","shortName":"宏利沪深300指数增强(162213)","fundSecondLevel":"company","lastUpdated":"2026-06-12T17:11:46.912Z","__csrcFundId":2925,"fundStatus":"normal","masterFundFlag":1,"inceptionDate":"2010-04-22T16:00:00.000Z","fundCollectionId":4000050170000,"currency":"CNY","masterFundShortName":"宏利沪深300指数增强","pinyin":"hlhs300zszqxzqtzjj","__indexSourceEastMoney":1,"__indexSourceCsi":1,"indexFundFlag":1,"indexId":1000000000300,"managers":[{"stockCode":"db20835610","stockType":"fund_manager","exchange":"fm","tickerId":122020211940,"name":"李婷婷"}]},"announcement":{"linkText":"泰达宏利沪深300指数增强型证券投资基金2020年第三季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=491924","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed4987fea5b3eb054cc2f","stockId":3000000162213,"sao":"2020年一季度市场经历了国内与世界范围内新冠疫情发酵对市场情绪带来的冲击，资金对经济与企业盈利下行的担忧以及风险资产短期流动性困境造成权益市场行情宽幅震荡。二季度因国内疫情受控，各国央行较大力度的量化宽松以及国内企业盈利出现明显的恢复迹象，A股市场在二季度震荡向上，结构性修复了一季度的跌幅。从市场风格来看，由于风险偏好并没有完全修复，且增量资金主要来自于新发公募基金与外资机构，上半年市场对于盈利确定性、景气度边际变化给予了较高的溢价。受益于疫情的医疗板块、线上经济、游戏产业，需求端具有确定性的必选消费，以及符合国家新基建政策导向与自主可控需求的5G、芯片产业链、信创等均有不错的表现。另一方面，高景气度行业与传统行业之间估值分化日趋强烈，金融、基建、地产、周期等低估值行业逐渐显现出较好的绝对收益价值。本基金在操作中恪守基金合同，采用指数增强策略，严格控制跟踪误差及其他风险属性，使用量化选股手段，挑选盈利质量高、盈利能力强、估值合理的大盘蓝筹股票，选股因子偏好长期稳定有效的基本面因子，有效降低组合换手率与交易成本，持仓结构分散以控制个股风险，仓位保持合理稳定。本报告期内，本基金增加了医药行业、传媒行业、食品饮料行业的配置，减少了银行行业、非银行金融行业、电力行业及公用事业行业的配置。","date":"2020-06-29T16:00:00.000Z","declarationDate":"2020-07-20T16:00:00.000Z","lastUpdated":"2026-03-09T14:09:28.171Z","mo":"展望后市，市场虽难以预期进一步宽松的流动性释放，但当前社融增速维持较高水平，利率仍处于历史较低位置，赚钱效应的持续及相对美股的性价比或仍将使增量资金持续流入。随着企业复工复产接近正常水平、进出口数据超预期恢复、PMI数据维持环比景气提升、工业增加值与工业企业盈利逐月改善，面对下半年及更长的时间维度，我们认为有业绩支撑或业绩边际改善的板块或将得到资金的进一步推动，同时经济复苏向好亦可能带来低估值传统行业的估值修复机会。继续看好受益于需求边际改善景气上行的新基建、新能源、自主可控相关科技成长板块；随着金融供给侧改革加速与基本面改善支撑，金融板块或将迎来估值修复行情；同时关注汽车、家电等可选消费品销售回暖及地产竣工提速受益产业的机会。系统性风险方面需要关注世界范围内疫情二次发酵对各国经济与资本市场可能的冲击及频发的地缘政治事件对资金风险偏好的影响。基于基金合同与投资策略，本基金严格控制对行业、市值等风险的暴露，有选择的配置有长期稳定收益的风格股票。在选股策略上倾向于选择盈利质量高、盈利能力长期稳定、公司治理规范、估值合理的蓝筹股。在持仓上选择不过分暴露个股相对权重，分散投资以平衡组合风险。","fund":{"_id":3000000162213,"stockCode":"162213","stockType":"fund","areaCode":"cn","followedNum":82,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":"stock","ipoDate":"2010-03-14T16:00:00.000Z","setUpScale":1165040000,"market":"a","tickerId":162213,"custody":"中国银行股份有限公司","name":"宏利沪深300指数增强型证券投资基金","shortName":"宏利沪深300指数增强(162213)","fundSecondLevel":"company","lastUpdated":"2026-06-12T17:11:46.912Z","__csrcFundId":2925,"fundStatus":"normal","masterFundFlag":1,"inceptionDate":"2010-04-22T16:00:00.000Z","fundCollectionId":4000050170000,"currency":"CNY","masterFundShortName":"宏利沪深300指数增强","pinyin":"hlhs300zszqxzqtzjj","__indexSourceEastMoney":1,"__indexSourceCsi":1,"indexFundFlag":1,"indexId":1000000000300,"managers":[{"stockCode":"db20835610","stockType":"fund_manager","exchange":"fm","tickerId":122020211940,"name":"李婷婷"}]},"announcement":{"linkText":"泰达宏利沪深300指数增强型证券投资基金2020年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=459546","linkType":"PDF","source":"csrc_pdf"}}]}