window.pageData = {"stock":{"_id":3000000004827,"stockCode":"004827","stockType":"fund","areaCode":"cn","followedNum":16,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2017-07-20T16:00:00.000Z","setUpScale":312827000,"market":"a","tickerId":4827,"custody":"中国工商银行股份有限公司","name":"平安中短债债券型证券投资基金","shortName":"平安中短债债券A","fundSecondLevel":"bond","inceptionDate":"2017-08-22T16:00:00.000Z","masterFundFlag":1,"fundCollectionId":4000050640000,"currency":"CNY","masterFundShortName":"平安中短债债券","pinyin":"pazdzzqxzqtzjj","fundCollection":{"exchange":"jjgs","stockType":"fund_collection","stockCode":"50640000","tickerId":50640000,"name":"平安基金管理有限公司"},"managers":[{"name":"高勇标","stockType":"fund_manager","stockCode":"db20074875","exchange":"fm","tickerId":72502170030}],"hotMetrics":{"fss":{"stockId":3000000004827,"type":"fss","f_s_s_d":"2024-06-29T16:00:00.000Z","f_ins_h_s_r":0.7925,"f_ins_h_s_r_c_hy":-0.03069999999999995,"f_ins_h_s_r_c_1y":-0.032200000000000006,"f_ind_h_s_r":0.2075,"f_ind_h_s_r_c_hy":0.030700000000000005,"f_ind_h_s_r_c_1y":0.03219999999999998,"f_h_a":11509,"f_h_s_a":267976,"last_data_date":"2025-12-30T16:00:00.000Z"},"fpr":{"stockId":3000000004827,"type":"fpr","f_p_r_fys_ssc":7470,"f_p_r_fys_ssrp":0.7070558307671709,"f_p_r_m1_ssc":7540,"f_p_r_m1_ssrp":0.7065923862581244,"f_p_r_m3_ssc":7474,"f_p_r_m3_ssrp":0.6119363040278335,"f_p_r_m6_ssc":7248,"f_p_r_m6_ssrp":0.47067752173313093,"f_p_r_y1_ssc":6797,"f_p_r_y1_ssrp":0.3953796350794585,"f_p_r_y2_ssc":5806,"f_p_r_y2_ssrp":0.7538329026701119,"f_p_r_y3_ssc":4872,"f_p_r_y3_ssrp":0.7064257852597002,"f_p_r_y5_ssc":3277,"f_p_r_y5_ssrp":0.33852258852258854,"f_cagr_p_r_fs_ssc":7243,"f_cagr_p_r_fs_ssrp":0.608395470864402},"fp":{"stockId":3000000004827,"type":"fp","f_p_r_fys":0.006807931239894538,"f_p_r_m1":0.0023722782343473803,"f_p_r_m3":0.0061229696402758105,"f_p_r_m6":0.013275094210346117,"f_p_r_y1":0.02114621094424307,"f_p_r_y3":0.07990296640129002,"f_p_r_y5":0.18445577083704334,"f_cagr_p_r_fs":0.026877066089532775,"f_p_r_d1":0,"f_p_r_y2":0.04185094737695527,"last_data_date":"2026-04-15T16:00:00.000Z"},"ff":{"stockId":3000000004827,"type":"ff","f_m_f":8612089,"f_m_f_r":0.003,"f_c_f":2870696,"f_c_f_r":0.001,"f_m_a_c_f":11482785,"f_m_a_c_f_r":0.004,"f_m_c_f_d":"2024-10-21T16:00:00.000Z","f_c_fr":0.001,"f_fr_d":"2025-12-30T16:00:00.000Z","f_m_fr":0.003,"f_mac_fr":0.004},"f_nlacan":{"stockId":3000000004827,"type":"f_nlacan","f_nv_d":"2026-04-15T16:00:00.000Z","f_nv":1.1831,"f_nv_cr":0.00008453085376158853},"f_as":{"stockId":3000000004827,"type":"f_as","f_tas":1487959716.843,"f_tas_d":"2025-12-30T16:00:00.000Z"}},"masterSlaveFunds":[{"_id":3000000004828,"stockCode":"004828","stockType":"fund","areaCode":"cn","followedNum":1,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2017-07-20T16:00:00.000Z","setUpScale":312827000,"market":"a","tickerId":4828,"custody":"中国工商银行股份有限公司","name":"平安中短债债券型证券投资基金","shortName":"平安中短债债券C","fundSecondLevel":"bond","inceptionDate":"2017-08-22T16:00:00.000Z","lastUpdated":"2025-01-04T00:31:55.794Z","__csrcFundId":4686,"fundCollectionId":4000050640000,"currency":"CNY","masterFundFlag":null,"activeFundFlag":null,"classificationFlag":null,"closedEnd":null,"etfFundFlag":null,"feederFundFlag":null,"indexFundFlag":null,"lofFundFlag":null,"pensionTargetFlag":null,"pinyin":"pazdzzqxzqtzjj"},{"_id":3000000006851,"name":"平安中短债债券型证券投资基金","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","stockCode":"006851","tickerId":6851,"shortName":"平安中短债债券E","__csrcFundId":4686,"lastUpdated":"2025-01-04T00:31:59.265Z","exchange":"jj","inceptionDate":"2019-01-23T16:00:00.000Z","followedNum":2,"fundCollectionId":4000050640000,"currency":"CNY","status":"normal","masterFundFlag":null,"activeFundFlag":null,"classificationFlag":null,"closedEnd":null,"etfFundFlag":null,"feederFundFlag":null,"indexFundFlag":null,"lofFundFlag":null,"pensionTargetFlag":null,"pinyin":"pazdzzqxzqtzjj"},{"_id":3000000022002,"name":"平安中短债债券型证券投资基金","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","status":"normal","stockCode":"022002","tickerId":22002,"shortName":"平安中短债债券I","currency":"CNY","__csrcFundId":4686,"exchange":"jj","masterFundFlag":null,"indexFundFlag":null,"activeFundFlag":null,"etfFundFlag":null,"lofFundFlag":null,"pensionTargetFlag":null,"feederFundFlag":null,"classificationFlag":null,"closedEnd":null,"lastUpdated":"2025-01-04T00:32:32.816Z","inceptionDate":"2024-10-22T16:00:00.000Z","pinyin":"pazdzzqxzqtzjj","fundCollectionId":4000050640000}],"bondHoldings":[{"_id":"6970e43c022f6000e3fdb063","date":"2025-12-30T16:00:00.000Z","fundId":3000000004827,"stockCode":"232380006","stockName":"23中行二级资本债01A","holdings":700000,"marketCap":74368038,"netValueRatio":0.0465,"lastUpdated":"2026-01-21T14:35:40.521Z","declarationDate":"2026-01-20T16:00:00.000Z"},{"_id":"6970e43c022f6000e3fdb064","date":"2025-12-30T16:00:00.000Z","fundId":3000000004827,"stockCode":"092200008","stockName":"22农行二级资本债02A","holdings":700000,"marketCap":72032876,"netValueRatio":0.0451,"lastUpdated":"2026-01-21T14:35:40.524Z","declarationDate":"2026-01-20T16:00:00.000Z"},{"_id":"6970e43c022f6000e3fdb065","date":"2025-12-30T16:00:00.000Z","fundId":3000000004827,"stockCode":"250401","stockName":"25农发01","holdings":700000,"marketCap":70807742,"netValueRatio":0.0443,"lastUpdated":"2026-01-21T14:35:40.533Z","declarationDate":"2026-01-20T16:00:00.000Z"},{"_id":"6970e43c022f6000e3fdb066","date":"2025-12-30T16:00:00.000Z","fundId":3000000004827,"stockCode":"250201","stockName":"25国开01","holdings":700000,"marketCap":70759452,"netValueRatio":0.0443,"lastUpdated":"2026-01-21T14:35:40.536Z","declarationDate":"2026-01-20T16:00:00.000Z"},{"_id":"6970e43c022f6000e3fdb067","date":"2025-12-30T16:00:00.000Z","fundId":3000000004827,"stockCode":"2228039","stockName":"22建设银行二级01","holdings":650000,"marketCap":67773683,"netValueRatio":0.0424,"lastUpdated":"2026-01-21T14:35:40.539Z","declarationDate":"2026-01-20T16:00:00.000Z"}]},"list":[{"_id":"69cac87140924dd8ca638dd4","date":"2025-12-30T16:00:00.000Z","declarationDate":"2026-03-29T16:00:00.000Z","stockId":3000000004827,"sao":"2025年，中国经济的主旋律是“温和复苏与结构转型”。这一年，财政政策持续发力，特别国债的常态化发行与地方化债工作的深入，有效托底了基建投资与地方财政健康。货币政策方面，央行保持了“灵活适度”的基调，流动性整体充裕，但资金更多流向了科技创新与绿色转型领域，“精准滴灌”特征明显。2025年债券市场走出了“震荡牛”的尾声。上半年，受经济复苏预期尚不稳固影响，长债收益率维持低位震荡；下半年，随着稳增长政策见效，经济数据回暖，债市面临了一定的回调压力。　　在此期间，本基金在符合基金合同约定的投资范围和投资限制的基础上，通过灵活调整久期和杠杆策略，在票息策略与波段操作之间寻找平衡，力争为组合提供稳健的投资收益。","lastUpdated":"2026-03-30T19:01:05.946Z","mo":"展望2026年，宏观经济有望实现从“政策托底”向“内生增长”的切换。 财政政策预计将更加注重效率，从大规模基建转向民生保障与消费刺激，中央杠杆率或将适度提升以置换地方压力。货币政策将维持稳健略松的格局，但随着通胀温和回升，大幅降息的空间有限，政策重心将转向疏通货币传导机制，防范金融风险。2026年债市波动率可能加大。我们将缩短久期，严控信用风险，视经济复苏斜率灵活参与利率债波段，重点配置中短端品种，以获取确定性较强的票息收益。","fund":{"_id":3000000004827,"stockCode":"004827","stockType":"fund","areaCode":"cn","followedNum":16,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2017-07-20T16:00:00.000Z","setUpScale":312827000,"market":"a","tickerId":4827,"custody":"中国工商银行股份有限公司","name":"平安中短债债券型证券投资基金","shortName":"平安中短债债券A","fundSecondLevel":"bond","inceptionDate":"2017-08-22T16:00:00.000Z","lastUpdated":"2024-12-31T23:39:42.200Z","__csrcFundId":4686,"masterFundFlag":1,"fundCollectionId":4000050640000,"currency":"CNY","masterFundShortName":"平安中短债债券","pinyin":"pazdzzqxzqtzjj","managers":[{"stockCode":"db20074875","stockType":"fund_manager","exchange":"fm","tickerId":72502170030,"name":"高勇标"}]},"announcement":{"linkText":"平安中短债债券型证券投资基金 2025年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1452233","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec8267fea5b3eb0478702","date":"2025-09-29T16:00:00.000Z","declarationDate":"2025-10-24T16:00:00.000Z","stockId":3000000004827,"sao":"三季度，全球经济增长呈现出分化态势，主要发达经济体在经历了前期的政策紧缩后，经济增速普遍放缓，通胀压力有所缓解但仍具粘性。在此背景下，中国宏观经济延续了“温和复苏、结构优化”的主基调，政策组合拳的效果逐步显现。然而，外部需求的不确定性依然对出口构成挑战，同时，房地产市场的筑底企稳过程仍在持续，对相关产业链的传导影响依然存在。货币政策方面，央行维持了稳健偏松的货币政策基调，旨在为实体经济提供充足的流动性支持。财政政策方面，积极的财政政策持续发力，成为稳定宏观经济大盘的关键力量。地方政府专项债券的发行和使用进度明显加快，资金重点投向“新基建”、先进制造业、绿色能源等国家战略支持的关键领域，不仅对短期投资形成有效支撑，也为经济的长期高质量发展注入了新动能。　　三季度，债券市场整体表现稳健。在经济温和复苏和流动性合理充裕的共同作用下，利率债收益率呈现区间震荡、重心略有上移的态势。长端利率受到宏观修复预期的扰动，而短端利率则受益于宽松的资金面。信用债方面，市场风险偏好保持谨慎，中短端信用债继续受到青睐，信用利差维持在历史较低水平，但不同资质主体之间的分化有所加剧。　　在此期间，本基金保持了投资组合的流动性，主要配置中短期限的中高等级信用债，波段操作高等级信用债和中长端利率债。","lastUpdated":"2026-03-09T13:16:22.899Z","fund":{"_id":3000000004827,"stockCode":"004827","stockType":"fund","areaCode":"cn","followedNum":16,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2017-07-20T16:00:00.000Z","setUpScale":312827000,"market":"a","tickerId":4827,"custody":"中国工商银行股份有限公司","name":"平安中短债债券型证券投资基金","shortName":"平安中短债债券A","fundSecondLevel":"bond","inceptionDate":"2017-08-22T16:00:00.000Z","lastUpdated":"2024-12-31T23:39:42.200Z","__csrcFundId":4686,"masterFundFlag":1,"fundCollectionId":4000050640000,"currency":"CNY","masterFundShortName":"平安中短债债券","pinyin":"pazdzzqxzqtzjj","managers":[{"stockCode":"db20074875","stockType":"fund_manager","exchange":"fm","tickerId":72502170030,"name":"高勇标"}]},"announcement":{"linkText":"平安中短债债券型证券投资基金 2025年第3季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1371726","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec8267fea5b3eb0478701","date":"2025-06-29T16:00:00.000Z","stockId":3000000004827,"sao":"2025年上半年，我国宏观经济运行总体平稳，延续了企稳回升的态势。一季度GDP增速在去年同期基数效应下表现亮眼，二季度虽增速有所放缓，但结构性亮点突出。工业生产稳步增长，政策支持与内生增长动力形成共振，成为拉动经济的重要引擎。消费市场呈现温和复苏，服务消费持续回暖，但大宗商品消费恢复相对偏慢，显示出居民消费信心仍处于逐步修复阶段。货币政策方面，央行继续实施“稳健偏松”的货币政策，保持了市场流动性合理充裕。财政政策方面，中央政府强调“积极有为”，政策重心聚焦于扩大有效投资和优化结构。上半年，债券市场整体呈现区间震荡走势。在经济温和复苏和货币政策宽松的宏观组合下，债券收益率保持区间震荡。10年期国债收益率一度触及历史低位，反映了市场对未来经济增长和通胀的谨慎预期，以及“资产荒”背景下配置需求的旺盛。　　上半年本基金保持了投资组合的流动性，主要配置中短期限的中高等级信用债，波段操作长端利率债和高等级信用债。","declarationDate":"2025-07-17T16:00:00.000Z","lastUpdated":"2026-03-09T13:16:22.896Z","mo":"展望下半年，本基金认为债市收益率有望保持区间震荡。一方面国内宏观经济仍在温和修复，反内卷以价格为抓手有望推动PPI走出颓势，对债市收益率下行存在一定制约；另一方面，经济修复需要宽松的流动性环境，社会融资成本下行有望持续，收益率即使短期存在一些扰动，但总体上行空间不大。不过当前利率已处历史较低水平，债券市场的波动或将加大。我们将灵活调整组合久期，根据市场进行波段操作，力争获取稳健的投资收益。","fund":{"_id":3000000004827,"stockCode":"004827","stockType":"fund","areaCode":"cn","followedNum":16,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2017-07-20T16:00:00.000Z","setUpScale":312827000,"market":"a","tickerId":4827,"custody":"中国工商银行股份有限公司","name":"平安中短债债券型证券投资基金","shortName":"平安中短债债券A","fundSecondLevel":"bond","inceptionDate":"2017-08-22T16:00:00.000Z","lastUpdated":"2024-12-31T23:39:42.200Z","__csrcFundId":4686,"masterFundFlag":1,"fundCollectionId":4000050640000,"currency":"CNY","masterFundShortName":"平安中短债债券","pinyin":"pazdzzqxzqtzjj","managers":[{"stockCode":"db20074875","stockType":"fund_manager","exchange":"fm","tickerId":72502170030,"name":"高勇标"}]},"announcement":{"linkText":"平安中短债债券型证券投资基金 2025年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1349598","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec8267fea5b3eb0478700","date":"2025-03-30T16:00:00.000Z","stockId":3000000004827,"sao":"2025年一季度，国内延续了去年四季度以来的回升态势。一方面，生产端持续恢复，多项高频工业指标已超越去年同期水平；另一方面，需求端呈现结构性分化，以汽车为代表的消费链明显回暖，带动相关制造业增加值高增，不过，投资链条相对偏弱，受房地产和基建类需求尚未完全企稳影响，建材能源等领域恢复稍缓。外需方面，低基数叠加“抢出口”效应令短期出口仍有韧性，对GDP增长形成短期拉动。通胀水平维持低位，货币政策相对稳健，但资金利率维持紧平衡，主要原因可能是央行对资金空转的担忧。这一担忧源于存款利率下行导致居民存款流向非银金融机构，进而可能引发金融风险。因此，央行减少对银行的资金融出，导致资金利率持续偏高。一季度债市呈现区间震荡格局。在经济企稳回升和政策发力的背景下，央行继续实施稳健的货币政策，资金利率维持紧平衡。国债收益率曲线小幅上行，信用债市场表现相对稳健。　　在此期间，本基金保持了投资组合的流动性，主要配置中短期限的中高等级信用债，波段操作高等级信用债和中长端利率债，基金净值相对平稳。","declarationDate":"2025-04-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:16:22.893Z","fund":{"_id":3000000004827,"stockCode":"004827","stockType":"fund","areaCode":"cn","followedNum":16,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2017-07-20T16:00:00.000Z","setUpScale":312827000,"market":"a","tickerId":4827,"custody":"中国工商银行股份有限公司","name":"平安中短债债券型证券投资基金","shortName":"平安中短债债券A","fundSecondLevel":"bond","inceptionDate":"2017-08-22T16:00:00.000Z","lastUpdated":"2024-12-31T23:39:42.200Z","__csrcFundId":4686,"masterFundFlag":1,"fundCollectionId":4000050640000,"currency":"CNY","masterFundShortName":"平安中短债债券","pinyin":"pazdzzqxzqtzjj","managers":[{"stockCode":"db20074875","stockType":"fund_manager","exchange":"fm","tickerId":72502170030,"name":"高勇标"}]},"announcement":{"linkText":"平安中短债债券型证券投资基金2025年第1季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1269607","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec8267fea5b3eb04786ff","date":"2024-12-30T16:00:00.000Z","stockId":3000000004827,"sao":"2024年国内经济延续弱复苏状态，其中工业生产和出口增速较好，但投资和消费增速弱于预期；房地产销售整体有所恢复，但总体仍然较弱。物价水平总体保持低位，显示内需不足、供大于求的局面尚未改变。政策层面，积极的财政政策适度加力、提质增效，适度扩大财政支出规模；稳健的货币政策灵活适度、精准有效，逆周期调节持续发力，流动性合理充裕。总体来看，债券市场全年在经济基本面偏弱和货币政策宽松的推动下，收益率整体呈下行趋势。10年期国债收益率从年初2.56%一路下行，年末突破2%关键点位，期间虽然受到监管层提示长债利率风险等因素影响出现短期波动，但债牛格局未改。在\"资产荒\"格局下，信用债收益率震荡下行，信用利差压缩至历史低位，尤其是高等级信用债。　　在上述背景下，2024年本基金在符合基金合同约定的投资范围和投资限制基础上，主要配置中短期限的中高等级信用债和利率债，致力于获取稳健的投资收益。","declarationDate":"2025-01-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:16:22.891Z","mo":"展望2025年，预计国内货币政策基调维持\"适度宽松\"，未来仍有降准降息空间，流动性环境有望保持宽松。在经济基本面企稳前，债市仍有一定配置价值。但当前收益率已经处于历史较低水平，未来波动可能加大，收益率可能呈区间震荡走势。后续需关注的风险：更加积极的财政政策可能带来供给压力，通胀将成为全年重要的定价因素等。　　本基金认为流动性较好的中短端品种仍有较高投资价值，将保持高比例配置力度。对于长端品种，将根据经济形势和市场情况进行波段操作，以增强组合收益。","fund":{"_id":3000000004827,"stockCode":"004827","stockType":"fund","areaCode":"cn","followedNum":16,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2017-07-20T16:00:00.000Z","setUpScale":312827000,"market":"a","tickerId":4827,"custody":"中国工商银行股份有限公司","name":"平安中短债债券型证券投资基金","shortName":"平安中短债债券A","fundSecondLevel":"bond","inceptionDate":"2017-08-22T16:00:00.000Z","lastUpdated":"2024-12-31T23:39:42.200Z","__csrcFundId":4686,"masterFundFlag":1,"fundCollectionId":4000050640000,"currency":"CNY","masterFundShortName":"平安中短债债券","pinyin":"pazdzzqxzqtzjj","managers":[{"stockCode":"db20074875","stockType":"fund_manager","exchange":"fm","tickerId":72502170030,"name":"高勇标"}]},"announcement":{"linkText":"平安中短债债券型证券投资基金2024年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1255334","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec8267fea5b3eb04786fe","date":"2024-09-29T16:00:00.000Z","stockId":3000000004827,"sao":"三季度宏观经济延续波折修复，外需、制造业投资和基建投资保持韧性，但消费、地产投资、工业延续弱势。通胀方面，CPI维持相对温和水平；PPI受大宗商品价格回落影响，环比有所恶化；货币政策方面，央行支持性立场不变，逆周期调节继续发力。在美联储超预期降息之后，人民币汇率转为升值，国内央行利率调控空间加大，并于7月和9月先后调降基准利率，资金面也保持相对合理充裕水平。总体来看，三季度债券市场收益率呈区间震荡走势。具体来看，7月因为宏观经济表现较弱，市场降息预期升温，资产荒逻辑继续演绎，收益率震荡下行；8月市场对宏观数据反馈钝化，资金缺口带动短端收益率反弹。9月中上旬在降息预期强化、短端利率下行、风险资产表现欠佳的驱动下，收益率走出连续下行行情。但进入下旬，在政策“组合拳”的鼓舞下，市场风险偏好大幅提振，A股在国庆节前上涨，债市行情短期承压，各期限债市收益率均遭遇较大幅度上行。　　三季度本基金保持了投资组合的流动性，主要配置中短期限的中高等级信用债，波段操作长端利率债和高等级信用债。","declarationDate":"2024-10-23T16:00:00.000Z","lastUpdated":"2026-03-09T13:16:22.888Z","fund":{"_id":3000000004827,"stockCode":"004827","stockType":"fund","areaCode":"cn","followedNum":16,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2017-07-20T16:00:00.000Z","setUpScale":312827000,"market":"a","tickerId":4827,"custody":"中国工商银行股份有限公司","name":"平安中短债债券型证券投资基金","shortName":"平安中短债债券A","fundSecondLevel":"bond","inceptionDate":"2017-08-22T16:00:00.000Z","lastUpdated":"2024-12-31T23:39:42.200Z","__csrcFundId":4686,"masterFundFlag":1,"fundCollectionId":4000050640000,"currency":"CNY","masterFundShortName":"平安中短债债券","pinyin":"pazdzzqxzqtzjj","managers":[{"stockCode":"db20074875","stockType":"fund_manager","exchange":"fm","tickerId":72502170030,"name":"高勇标"}]},"announcement":{"linkText":"平安中短债债券型证券投资基金2024年第3季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1170851","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec8267fea5b3eb04786fd","date":"2024-06-29T16:00:00.000Z","stockId":3000000004827,"sao":"上半年，宏观经济仍处于弱复苏过程中，基建投资相对平稳，出口韧性较强，工业生产回暖，地产政策有所放松，商品房销售面积降幅有所缩窄。上半年通胀水平保持低位，货币政策相对宽松，流动性保持合理宽裕。上半年债券市场收益率整体呈震荡下行走势。具体来看，一季度央行通过MLF加量、降低LPR利率和降准等形式向市场投放流动性，收益率明显下行。二季度存款补息叫停后，银行存款流向非银机构，社融增速进一步下行，债券市场“资产荒”特征明显，收益率进一步下行，期限利差、信用利差均压缩至历史低位。报告期内，本基金主要配置中高等级信用债，波段操作利率债以增强组合收益。","declarationDate":"2024-07-17T16:00:00.000Z","lastUpdated":"2026-03-09T13:16:22.886Z","mo":"展望下半年，国内经济在“固本培元”的大背景下，结构性支持政策或将持续，总量政策继续托底，财政政策积极加码，货币政策保持相对宽松，降准降息可期。对于债券市场，由于资产荒格局尚未扭转，流动性保持宽松，因此市场调整风险不大，但短期政策或供给错位可能带来市场扰动。","fund":{"_id":3000000004827,"stockCode":"004827","stockType":"fund","areaCode":"cn","followedNum":16,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2017-07-20T16:00:00.000Z","setUpScale":312827000,"market":"a","tickerId":4827,"custody":"中国工商银行股份有限公司","name":"平安中短债债券型证券投资基金","shortName":"平安中短债债券A","fundSecondLevel":"bond","inceptionDate":"2017-08-22T16:00:00.000Z","lastUpdated":"2024-12-31T23:39:42.200Z","__csrcFundId":4686,"masterFundFlag":1,"fundCollectionId":4000050640000,"currency":"CNY","masterFundShortName":"平安中短债债券","pinyin":"pazdzzqxzqtzjj","managers":[{"stockCode":"db20074875","stockType":"fund_manager","exchange":"fm","tickerId":72502170030,"name":"高勇标"}]},"announcement":{"linkText":"平安中短债债券型证券投资基金2024年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1152493","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec8267fea5b3eb04786fc","date":"2024-03-30T16:00:00.000Z","stockId":3000000004827,"sao":"2024年一季度，国内经济延续弱复苏状态，但整体有所分化，其中工业生产和出口增速较强；地产销售继续走弱，基建等实物工作量未见明显起色；物价水平总体保持低位，显示内需不足、供大于求的局面尚未改变。政策层面，两会定调积极的财政政策适度加力、提质增效，适度扩大财政支出规模；稳健的货币政策灵活适度、精准有效，同时提及“避免资金沉淀空转”。1月24日，央行宣布自2024年2月5日起下调金融机构存款准备金率0.5个百分点。总体来看，一季度债市收益率震荡走低，其中1-2月份收益率下行幅度较大，市场交易逻辑主要在于降准、存款降息、LPR下调带来的央行宽松预期。3月份，在收益率中枢和期限利差处于绝对低位的情形下，宏观数据没有进一步走弱、稳汇率制约了央行进一步宽松空间，市场止盈情绪较强，开始进入震荡区间。　　在此期间，本基金保持了投资组合的流动性，主要配置中短期限的中高等级信用债，波段操作高等级信用债和中长端利率债，基金净值有所上升。","declarationDate":"2024-04-18T16:00:00.000Z","lastUpdated":"2026-03-09T13:16:22.883Z","fund":{"_id":3000000004827,"stockCode":"004827","stockType":"fund","areaCode":"cn","followedNum":16,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2017-07-20T16:00:00.000Z","setUpScale":312827000,"market":"a","tickerId":4827,"custody":"中国工商银行股份有限公司","name":"平安中短债债券型证券投资基金","shortName":"平安中短债债券A","fundSecondLevel":"bond","inceptionDate":"2017-08-22T16:00:00.000Z","lastUpdated":"2024-12-31T23:39:42.200Z","__csrcFundId":4686,"masterFundFlag":1,"fundCollectionId":4000050640000,"currency":"CNY","masterFundShortName":"平安中短债债券","pinyin":"pazdzzqxzqtzjj","managers":[{"stockCode":"db20074875","stockType":"fund_manager","exchange":"fm","tickerId":72502170030,"name":"高勇标"}]},"announcement":{"linkText":"平安中短债债券型证券投资基金2024年第1季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1068648","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec8267fea5b3eb04786fb","date":"2023-12-30T16:00:00.000Z","stockId":3000000004827,"sao":"2023年年初，防疫政策放开之际，经济修复势头偏强但仍有瑕疵，消费报复性修复但工业生产恢复偏弱。通胀继续维持紧缩，证明经济内生的活力还未被彻底激活。债市总体以震荡为主；3-8月份，经济修复节奏放缓，两会设定经济目标偏谨慎，政策预期有所缓和。之后基建维持较高增速，制造业投资趋稳，但房地产投资持续低迷；出口受外需走弱影响进一步承压。经济高频数据持续验证基本面走弱，央行逐步开展降准降息，“宽货币”率先发力，市场流动性保持了合理充裕。债市收益率震荡下行，曲线呈“牛陡”状态。9-10月份，随着稳地产政策不断加码，宏观经济有所修复，市场预期和信心有所变化。由于人民币汇率短期压力加大，央行超预期收紧资金面，债市迎来阶段性调整。11-12月份，宏观经济延续弱复苏状态，全年经济增长目标5.0%基本完成，但通胀大幅低于市场预期，货币政策宽松预期急剧升温。随着人民币汇率贬值压力缓解，央行通过公开市场操作等方式释放流动性，资金利率稳中有降，债市收益率再度进入下行通道。在上述背景下，2023年本基金在符合基金合同约定的投资范围和投资限制基础上，主要配置中短期限的中高等级信用债和利率债，致力于获取稳健的投资收益。","declarationDate":"2024-01-18T16:00:00.000Z","lastUpdated":"2026-03-09T13:16:22.881Z","mo":"展望2024年，本基金认为当前库存周期处于磨底状态，补库或于2024年上半年开启。海外方面，美联储有望退出加息周期，海外库存周期有望触底反弹，出口迎来修复。国内方面，消费整体平稳，消费倾向应跟2023年大致持平，主要关注收入增长和变化；制造业投资层面，尽管工业企业盈利持续修复，但盈利并不高、工业产能利用率维持低位，制约制造业企业开支意愿；政策对经济增长应有一定诉求，重点在于地产三大工程和基建，地产行业当前仍在下行状态，销售和投资均不乐观，三大工程的启动对于投资或有一定拉动；基建层面，中央加杠杆是主线，地方政府投资意愿有限、对基建效率形成部分制约。通胀方面，考虑需求端向上力度有限，通胀上行风险可控。政策方面，财政政策整体定调积极，节奏上前置发力；货币政策维持合理充裕基调，降准甚至降息值得期待，但仍受外部因素以及防资金空转的制约，资金利率大幅向下的概率不大。基于以上基本面及政策面判断，预计2024年债市收益率有望保持低位震荡，我们将密切关注各项经济领先指标，根据市场变化灵活调整投资策略。　　本基金认为流动性较好的中短端品种仍有较高投资价值，将保持高比例配置力度。对于长端品种，将根据经济形势和市场情况进行波段操作，以增强组合收益。　　本期国债期货投资政策　　本基金为短期纯债基金，以套期保值为目的开展国债期货投资，选择流动性好、交易活跃的主力合约进行交易。本基金投资基础资产为国债的国债期货，旨在配合基金日常投资管理需要，更有效地进行流动性管理和套期保值为投资目标。　　本期国债期货投资评价　　本基金参与国债期货的投资交易，符合法律法规规定和基金合同的投资限制，并遵守相关的业务规则，且对基金的总体风险相对可控。","fund":{"_id":3000000004827,"stockCode":"004827","stockType":"fund","areaCode":"cn","followedNum":16,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2017-07-20T16:00:00.000Z","setUpScale":312827000,"market":"a","tickerId":4827,"custody":"中国工商银行股份有限公司","name":"平安中短债债券型证券投资基金","shortName":"平安中短债债券A","fundSecondLevel":"bond","inceptionDate":"2017-08-22T16:00:00.000Z","lastUpdated":"2024-12-31T23:39:42.200Z","__csrcFundId":4686,"masterFundFlag":1,"fundCollectionId":4000050640000,"currency":"CNY","masterFundShortName":"平安中短债债券","pinyin":"pazdzzqxzqtzjj","managers":[{"stockCode":"db20074875","stockType":"fund_manager","exchange":"fm","tickerId":72502170030,"name":"高勇标"}]},"announcement":{"linkText":"平安中短债债券型证券投资基金2023年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1059455","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec8267fea5b3eb04786fa","date":"2023-09-29T16:00:00.000Z","stockId":3000000004827,"sao":"三季度宏观经济有所修复，其中7、8月经济内生动能走弱，9月随着房地产优化政策密集出台，使得地产销售跌幅也有所收窄。在稳增长政策加码支持下，经济整体在小幅恢复。通胀方面，能源和食品价格低位震荡，物价整体表现平稳。货币政策方面，央行基本维持中性偏宽松基调，多次强调发挥好货币政策总量和结构双重功能，通过降准、降息和MLF加量方式向市场投放长期资金，使流动性保持相对宽松，并提出坚决防范汇率超调风险，释放稳汇率信号。总体来看，三季度债市收益率呈先下后上走势。具体来看，7月由于经济基本面走弱，稳增长政策预期降温，叠加银行理财规模大幅增加，债市配置力量较强，收益率出现较大幅度下行；8月公布的信贷、通胀和经济数据均低于市场预期，而稳增长政策仍然没有出台落地，债市收益率再度下行。其中央行于8月15日超预期降息,促使10年期国债快速下行至2.54%的年内低点;9月随着房地产优化政策密集出台，市场预期和信心有所变化，地方债加大发行的同时，资金面边际收敛，导致债市收益率震荡上行。　　三季度本基金保持了投资组合的流动性，主要配置中短期限的中高等级信用债，波段操作长端利率债和高等级信用债。","declarationDate":"2023-10-23T16:00:00.000Z","lastUpdated":"2026-03-09T13:16:22.878Z","fund":{"_id":3000000004827,"stockCode":"004827","stockType":"fund","areaCode":"cn","followedNum":16,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2017-07-20T16:00:00.000Z","setUpScale":312827000,"market":"a","tickerId":4827,"custody":"中国工商银行股份有限公司","name":"平安中短债债券型证券投资基金","shortName":"平安中短债债券A","fundSecondLevel":"bond","inceptionDate":"2017-08-22T16:00:00.000Z","lastUpdated":"2024-12-31T23:39:42.200Z","__csrcFundId":4686,"masterFundFlag":1,"fundCollectionId":4000050640000,"currency":"CNY","masterFundShortName":"平安中短债债券","pinyin":"pazdzzqxzqtzjj","managers":[{"stockCode":"db20074875","stockType":"fund_manager","exchange":"fm","tickerId":72502170030,"name":"高勇标"}]},"announcement":{"linkText":"平安中短债债券型证券投资基金2023年第3季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=986058","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec8267fea5b3eb04786f9","date":"2023-06-29T16:00:00.000Z","stockId":3000000004827,"sao":"2023年上半年，国内经济在疫情之后总体有所反弹，消费报复性修复但工业生产恢复偏弱。基建维持较高增速，制造业投资趋稳，但房地产投资持续低迷。出口受外需走弱影响进一步承压。通胀水平在需求收缩的大背景下维持低位。货币政策维持偏宽松状态。央行总量和结构性政策并举，分别于3月全面降准0.25个百分点，6月降息10BP，另外增加支农再贷款、支小再贷款、再贴现额度2000亿，市场流动性保持了合理充裕。总体来看，上半年债市收益率呈冲高回落走势。具体来看，3月份，在两会定调经济目标为5%后，市场不再期待政策“强刺激”，再次调整了年初对复苏高度的判断，收益率明显下行。二季度随着高频数据持续验证基本面走弱，市场对经济担忧、质疑、焦虑的声音浮现，收益率进一步下行，直至6月央行降息落地，止盈盘出现，市场情绪才有所缓和、转向震荡。　　　　上半年本基金保持了投资组合的流动性，主要配置中短期限的中高等级信用债，波段操作长端利率债和高等级信用债。","declarationDate":"2023-07-19T16:00:00.000Z","lastUpdated":"2026-03-09T13:16:22.875Z","mo":"展望下半年，本基金认为债市收益率有望保持区间震荡。7月政治局会议暗示稳健的货币政策基调将延续，新增强调发挥总量和结构性货币政策的双重功能，结合此前央行有关领导提及将综合运用存款准备金、中期借贷便利等多种工具维持流动性合理充裕，未来降准可期，降息仍有机会，因此债市收益率上行风险有限；另一方面，下半年财政支出进度有望加快，伴随一揽子稳增长政策落地，经济增长悲观预期可能有所修复，债市进一步大幅下行空间也比较有限。综上，本基金管理人认为下半年中短端信用债仍有一定配置价值，利率债总体偏震荡，长端品种存在交易性机会。","fund":{"_id":3000000004827,"stockCode":"004827","stockType":"fund","areaCode":"cn","followedNum":16,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2017-07-20T16:00:00.000Z","setUpScale":312827000,"market":"a","tickerId":4827,"custody":"中国工商银行股份有限公司","name":"平安中短债债券型证券投资基金","shortName":"平安中短债债券A","fundSecondLevel":"bond","inceptionDate":"2017-08-22T16:00:00.000Z","lastUpdated":"2024-12-31T23:39:42.200Z","__csrcFundId":4686,"masterFundFlag":1,"fundCollectionId":4000050640000,"currency":"CNY","masterFundShortName":"平安中短债债券","pinyin":"pazdzzqxzqtzjj","managers":[{"stockCode":"db20074875","stockType":"fund_manager","exchange":"fm","tickerId":72502170030,"name":"高勇标"}]},"announcement":{"linkText":"平安中短债债券型证券投资基金2023年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=964824","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec8267fea5b3eb04786f8","date":"2023-03-30T16:00:00.000Z","stockId":3000000004827,"sao":"2023年开年经济数据总体亮眼但仍有瑕疵，消费报复性修复但工业生产恢复偏弱。通胀继续维持紧缩，证明经济内生的活力还未被彻底激活。复苏的方向是确定的，信贷开门红，总量结构都有改善。不过由于1-2月处于数据真空期，市场对宏观经济的预期也不断出现调整，并影响着债券市场的走势。年初随着疫情影响的淡化，市场预期经济“强复苏”；但春节之后，市场分歧加大，不少机构倾向于认为“强预期弱现实”；两会定调经济目标为5%后，市场不再期待政策“强刺激”，再次调整了对复苏高度的判断，不过由于2月PMI数据亮眼，信贷放量，再加上新领导班子上台，市场似乎又对经济改善增加了一些信心。总体来看，一季度利率债收益率呈倒V型走势，信用债得益于流动性偏宽松，以及配置需求旺盛，收益率出现明显修复。　　在此期间，本基金保持了投资组合的流动性，主要配置中短期限的中高等级信用债，波段操作高等级信用债和中长端利率债，基金净值平稳回升。","declarationDate":"2023-04-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:16:22.873Z","fund":{"_id":3000000004827,"stockCode":"004827","stockType":"fund","areaCode":"cn","followedNum":16,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2017-07-20T16:00:00.000Z","setUpScale":312827000,"market":"a","tickerId":4827,"custody":"中国工商银行股份有限公司","name":"平安中短债债券型证券投资基金","shortName":"平安中短债债券A","fundSecondLevel":"bond","inceptionDate":"2017-08-22T16:00:00.000Z","lastUpdated":"2024-12-31T23:39:42.200Z","__csrcFundId":4686,"masterFundFlag":1,"fundCollectionId":4000050640000,"currency":"CNY","masterFundShortName":"平安中短债债券","pinyin":"pazdzzqxzqtzjj","managers":[{"stockCode":"db20074875","stockType":"fund_manager","exchange":"fm","tickerId":72502170030,"name":"高勇标"}]},"announcement":{"linkText":"平安中短债债券型证券投资基金2023年第1季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=884294","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec8267fea5b3eb04786f7","date":"2022-12-30T16:00:00.000Z","stockId":3000000004827,"sao":"2022年，全球宏观环境出现较大转变：俄乌冲突由爆发转为僵持，全球通胀压力由持续提升转为逐步减轻，美联储紧缩由持续超预期转为有所放缓。国内经济则持续面临需求收缩、供给冲击、预期转弱三重压力，政策脉冲三次集中发力，但经济恢复进度依然偏慢，导致“宽信用”的验证时间比市场预计的更长，债市收益率长期处于“U型”底部区间震荡，至年末防疫政策和房地产调控政策出现重大调整，才迎来市场预期的转向和收益率的上行。具体来看，2022年一季度、二季度以及8-10月债市先后经历“宽货币率先发力”到“宽信用预期先行”再到“数据印证偏弱”的情景，10年国债收益率始终维持在2.6%-2.85%的窄区间震荡波动，未形成趋势性行情；11-12月，防疫和房地产调控政策做出重大调整，债市预期转向，叠加银行理财赎回负反馈持续强化，收益率快速大幅上行触及2.9%以上的全年高点。在上述背景下，2022年本基金在符合基金合同约定的投资范围和投资限制基础上，主要配置中短期限的中高等级信用债和利率债，致力于获取稳健的投资收益。","declarationDate":"2023-01-18T16:00:00.000Z","lastUpdated":"2026-03-09T13:16:22.870Z","mo":"展望2023年，全球经济大概率逐渐步入衰退，但幅度较为温和；全球通胀趋于回落，美联储紧缩逐步接近尾声。国内经济则随着疫情防控政策持续优化，经济将趋于复苏，主要抓手包括促消费、加大投资等；房地产行业企稳修复可期，但难大幅反弹；通胀整体风险可控，货币整体偏宽松，降准降息仍可期，但资金利率波动可能增大；财政仍需加力提效、中央加杠杆。 基于以上基本面及政策面判断，预计2023年随着经济逐步复苏，债券市场震荡幅度加大，我们将密切关注各项经济领先指标，根据市场变化灵活调整投资策略。　　本基金认为流动性较好的中短端品种仍有较高投资价值，将保持高比例配置力度。对于长端品种，将根据经济形势和市场情况进行波段操作，以增强组合收益。","fund":{"_id":3000000004827,"stockCode":"004827","stockType":"fund","areaCode":"cn","followedNum":16,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2017-07-20T16:00:00.000Z","setUpScale":312827000,"market":"a","tickerId":4827,"custody":"中国工商银行股份有限公司","name":"平安中短债债券型证券投资基金","shortName":"平安中短债债券A","fundSecondLevel":"bond","inceptionDate":"2017-08-22T16:00:00.000Z","lastUpdated":"2024-12-31T23:39:42.200Z","__csrcFundId":4686,"masterFundFlag":1,"fundCollectionId":4000050640000,"currency":"CNY","masterFundShortName":"平安中短债债券","pinyin":"pazdzzqxzqtzjj","managers":[{"stockCode":"db20074875","stockType":"fund_manager","exchange":"fm","tickerId":72502170030,"name":"高勇标"}]},"announcement":{"linkText":"平安中短债债券型证券投资基金2022年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=871956","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec8267fea5b3eb04786f6","date":"2022-09-29T16:00:00.000Z","stockId":3000000004827,"sao":"三季度，在国内经济数据有所改善、人民币贬值压缩货币政策想象空间的大背景下，债市走势呈先下后上走势，10年期国债收益率最低到达2.58%，最高到达2.84%。3季度债市的关键节点为8月15日，7天逆回购利率和1年期MLF利率均下调了10bp；在此关键节点之前市场主要交易流动性持续宽松，民营房企爆发信用风险叠加疫情对国内经济基本面造成的负面冲击。期间关键事件为，7月政治局会议对经济增长目标或有弱化，且宏观政策工具也未超预期；在此关键节点之后市场主要交易国内稳增长政策接连出台，房地产政策持续放松，美国鹰派加息、人民币兑美元持续贬值，以及资金面有所收紧等。  在此期间，本基金保持了投资组合的流动性，主要配置中短期限的中高等级信用债，波段操作高等级信用债和中长端利率债，基金净值表现震荡上升。","declarationDate":"2022-10-24T16:00:00.000Z","lastUpdated":"2026-03-09T13:16:22.868Z","fund":{"_id":3000000004827,"stockCode":"004827","stockType":"fund","areaCode":"cn","followedNum":16,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2017-07-20T16:00:00.000Z","setUpScale":312827000,"market":"a","tickerId":4827,"custody":"中国工商银行股份有限公司","name":"平安中短债债券型证券投资基金","shortName":"平安中短债债券A","fundSecondLevel":"bond","inceptionDate":"2017-08-22T16:00:00.000Z","lastUpdated":"2024-12-31T23:39:42.200Z","__csrcFundId":4686,"masterFundFlag":1,"fundCollectionId":4000050640000,"currency":"CNY","masterFundShortName":"平安中短债债券","pinyin":"pazdzzqxzqtzjj","managers":[{"stockCode":"db20074875","stockType":"fund_manager","exchange":"fm","tickerId":72502170030,"name":"高勇标"}]},"announcement":{"linkText":"平安中短债债券型证券投资基金2022年第3季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=801980","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec8267fea5b3eb04786f5","date":"2022-06-29T16:00:00.000Z","stockId":3000000004827,"sao":"今年年初宏观经济开局良好，但3月份之后受疫情影响，经济下行压力加大，货币政策维持偏宽松状态，流动性保持合理充裕，上半年债市收益率整体呈震荡下行走势。具体来看，去年末降准所释放流动性在今年一季度初为市场提供了相对宽松的货币环境，同时降息预期发酵并且很快落地，使得债市收益快速下行并创出新低；但随着稳增长政策陆续铺开，宽信用效果超预期导致进一步降息预期降温，债市收益率出现小幅调整；二季度初上海疫情使得经济复苏进度延缓，银行间市场资金利率中枢明显下移，之后票据利率再度走低，PMI数据表现不佳，资金面持续宽松，债券配置需求旺盛，债券收益率重现明显下行；二季度末，随着上海疫情得到控制，美联储加息预期升温，权益市场持续走好等，债券收益率出现小幅反弹。  上半年本基金保持了投资组合的流动性，主要配置中短期限的中高等级信用债，波段操作长端利率债和高等级信用债。","declarationDate":"2022-07-19T16:00:00.000Z","lastUpdated":"2026-03-09T13:16:22.865Z","mo":"展望下半年，本基金管理人认为债券收益率将保持低位震荡。一方面，从7月的政治局会议内容能观察到政策对稳增长的诉求正在提高，对强省提出具体达标要求，也说明下半年经济修复的趋势仍将延续，经济增速重心明显好于上半年，这也制约了债市收益率进一步下行空间。另一方面，目前经济仍处于复苏进程中，但从各项稳增长政策落地到经济增速出现好转迹象仍需时间积累，在宏观数据未见明显改善的情况下，央行仍有动力呵护流动性，货币政策大概率不会出现急转弯，债市收益率即使出现反弹，空间也相对有限。 综上，本基金管理人认为下半年中短端债券品种仍有一定配置价值，长端品种存在交易性机会。","fund":{"_id":3000000004827,"stockCode":"004827","stockType":"fund","areaCode":"cn","followedNum":16,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2017-07-20T16:00:00.000Z","setUpScale":312827000,"market":"a","tickerId":4827,"custody":"中国工商银行股份有限公司","name":"平安中短债债券型证券投资基金","shortName":"平安中短债债券A","fundSecondLevel":"bond","inceptionDate":"2017-08-22T16:00:00.000Z","lastUpdated":"2024-12-31T23:39:42.200Z","__csrcFundId":4686,"masterFundFlag":1,"fundCollectionId":4000050640000,"currency":"CNY","masterFundShortName":"平安中短债债券","pinyin":"pazdzzqxzqtzjj","managers":[{"stockCode":"db20074875","stockType":"fund_manager","exchange":"fm","tickerId":72502170030,"name":"高勇标"}]},"announcement":{"linkText":"平安中短债债券型证券投资基金2022年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=784507","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec8267fea5b3eb04786f4","date":"2022-03-30T16:00:00.000Z","stockId":3000000004827,"sao":"一季度前2月经济和PMI数据超预期。从三驾马车看，出口高位回落、投资大超预期，消费略超预期，其中价格因素贡献较大。3月受疫情影响，经济下行压力加大，制造业 PMI指数从上个月50.2下滑至49.5，位于荣枯线以下。1-2月社融同比多增近4500亿元、好于2020年但远低于2019年和2021年水平。信贷同比少增500多亿元是主要拖累。通胀方面，1-2月PPI增速继续回落至9.1%和8.8%，CPI稳定于0.9%，总体压力不大。货币政策方面，受经济三重压力，央行于1月17日均下调MLF和OMO利率10BP。总体来看，一季度债券市场收益率呈区间震荡走势。具体来看，1月降息预期发酵并且很快落地，利率创新低；2月宽信用超预期导致降息预期降温，到俄乌局势突变及央行净投放资金，债市大跌后略有回暖；3月宽信用成色不足，地产领域宽信用继续加码，银行理财产品赎回形成负反馈，金融委发声释放积极信号，国内疫情多地散发，美联储加息落地且缩表或加速，多空因素交织带动债市震荡下行。  在此期间，本基金保持了投资组合的流动性，主要配置中短期限的中高等级信用债，波段操作长端利率债和高等级信用债，基金净值表现震荡上升。","declarationDate":"2022-04-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:16:22.862Z","fund":{"_id":3000000004827,"stockCode":"004827","stockType":"fund","areaCode":"cn","followedNum":16,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2017-07-20T16:00:00.000Z","setUpScale":312827000,"market":"a","tickerId":4827,"custody":"中国工商银行股份有限公司","name":"平安中短债债券型证券投资基金","shortName":"平安中短债债券A","fundSecondLevel":"bond","inceptionDate":"2017-08-22T16:00:00.000Z","lastUpdated":"2024-12-31T23:39:42.200Z","__csrcFundId":4686,"masterFundFlag":1,"fundCollectionId":4000050640000,"currency":"CNY","masterFundShortName":"平安中短债债券","pinyin":"pazdzzqxzqtzjj","managers":[{"stockCode":"db20074875","stockType":"fund_manager","exchange":"fm","tickerId":72502170030,"name":"高勇标"}]},"announcement":{"linkText":"平安中短债债券型证券投资基金2022年第1季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=723627","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec8267fea5b3eb04786f3","date":"2021-12-30T16:00:00.000Z","stockId":3000000004827,"sao":"2021年受基数因素影响，宏观经济数据大幅冲高，PPI在大宗商品价格走强的带动下出现明显回升；二季度随着全球疫情改善，海外经济持续回暖，大宗商品价格继续上涨，全球通胀风险也逐渐显现；三季度初，宏观经济数据向好，但7月初国常会意外提及降准，随后央行全面降准影响，市场对下半年经济下行的担忧加剧，债市收益率出现快速下行。四季度，宏观经济维持偏弱走势，制造业PMI指数徘徊在荣枯线附近。货币政策维持中性偏宽松状态，碳排放支持工具、年内第二次降准和LPR单独下调等相继落地，资金面相对偏松，社融结构出现边际改善。整体来看，利率债收益率全年呈震荡下行走势，信用债收益率也有不同程度下行，信用风险总体可控。  在此期间，本基金保持了投资组合的流动性，主要配置中短期限的中高等级信用债，波段操作中长期限利率债和高等级信用债，久期和杠杆水平维持在较高水平，基金净值表现震荡上行。","declarationDate":"2022-01-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:16:22.860Z","mo":"展望2022年，本基金认为目前仍处于地产防风险阶段，经济发力方向包括基建、小微、绿色和科创，而消费受居民收入、偏好、资产价格预期等影响，出口受海外居民消费影响，制造业的投资行为受利润影响，总体看今年经济下行压力仍在。社融增速底部在去年四季度已现，但宽信用成色还有待观察。通胀方面，央行货币政策执行报告多次表态压力可控，且更多是从企业所受的成本压力来看待，海外国家通胀高企并未对我国货币政策形成明显掣肘。在跨周期调节思路下，货币政策很可能依然是以稳为主，继续保持流动性合理充裕。总体而言，预计债券市场收益率全年区间震荡。本基金认为流动性较好的中短端品种仍有较高投资价值，将保持高比例配置力度。对于长端品种，将根据经济形势和市场情况进行波段操作，以增强基金整体收益率。","fund":{"_id":3000000004827,"stockCode":"004827","stockType":"fund","areaCode":"cn","followedNum":16,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2017-07-20T16:00:00.000Z","setUpScale":312827000,"market":"a","tickerId":4827,"custody":"中国工商银行股份有限公司","name":"平安中短债债券型证券投资基金","shortName":"平安中短债债券A","fundSecondLevel":"bond","inceptionDate":"2017-08-22T16:00:00.000Z","lastUpdated":"2024-12-31T23:39:42.200Z","__csrcFundId":4686,"masterFundFlag":1,"fundCollectionId":4000050640000,"currency":"CNY","masterFundShortName":"平安中短债债券","pinyin":"pazdzzqxzqtzjj","managers":[{"stockCode":"db20074875","stockType":"fund_manager","exchange":"fm","tickerId":72502170030,"name":"高勇标"}]},"announcement":{"linkText":"平安中短债债券型证券投资基金2021年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=713677","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec8267fea5b3eb04786f2","date":"2021-09-29T16:00:00.000Z","stockId":3000000004827,"sao":"三季度初，宏观经济数据向好，但受7月初国常会意外提及降准，随后央行全面降准影响，市场对下半年经济下行的担忧加剧，债市收益率出现快速下行。降准之后货币政策维持平稳操作，更多高层会议聚焦于宽信用，但地产和城投监管未见放松。经济下行压力逐步加大的背景下，债券市场进入宽信用和宽货币的博弈，同时流动性环境平稳和资产荒格局延续，长端利率处于窄幅震荡，短端利率由于货币政策进一步放松的预期落空出现小幅抬升。整体来看，三季度债券市场收益率呈先下后上走势，10年期国债收益率较二季度下行20BP至2.88%；信用债整体信用风险可控，信用利差继续缩窄。  在此期间，本基金保持了投资组合的流动性，主要配置中短期限的中高等级信用债，适度拉长组合久期，同时波段操作中长期限利率债和高等级信用债，基金净值表现震荡上行。","declarationDate":"2021-10-25T16:00:00.000Z","lastUpdated":"2026-03-09T13:16:22.857Z","fund":{"_id":3000000004827,"stockCode":"004827","stockType":"fund","areaCode":"cn","followedNum":16,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2017-07-20T16:00:00.000Z","setUpScale":312827000,"market":"a","tickerId":4827,"custody":"中国工商银行股份有限公司","name":"平安中短债债券型证券投资基金","shortName":"平安中短债债券A","fundSecondLevel":"bond","inceptionDate":"2017-08-22T16:00:00.000Z","lastUpdated":"2024-12-31T23:39:42.200Z","__csrcFundId":4686,"masterFundFlag":1,"fundCollectionId":4000050640000,"currency":"CNY","masterFundShortName":"平安中短债债券","pinyin":"pazdzzqxzqtzjj","managers":[{"stockCode":"db20074875","stockType":"fund_manager","exchange":"fm","tickerId":72502170030,"name":"高勇标"}]},"announcement":{"linkText":"平安中短债债券型证券投资基金2021年第3季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=651927","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec8267fea5b3eb04786f1","date":"2021-06-29T16:00:00.000Z","stockId":3000000004827,"sao":"今年年初受基数因素影响，宏观经济数据大幅冲高，PPI在大宗商品价格走强的带动下出现明显回升。二季度随着全球疫情改善，海外经济持续回暖，大宗商品价格继续上涨，全球通胀风险也逐渐显现；而国内宏观经济运行相对平稳，PPI增速持续走高，但CPI维持低位，通胀水平整体相对温和。社融增速快速回落，货币政策基调仍为“不急转弯”，流动性保持合理充裕，资金利率中枢有所回落。总体来看，一季度债券市场收益率冲高回落，二季度表现为震荡下行走势。","declarationDate":"2021-07-19T16:00:00.000Z","lastUpdated":"2026-03-09T13:16:22.854Z","mo":"展望下半年，本基金认为债券收益率将保持低位震荡。一方面，下半年经济复苏动能有所减弱，高频数据显示地产需求继续回落，PMI新订单数据显示出口边际走弱，而新冠疫情反复将进一步扰动消费的恢复，基本面总体对债市依然偏利多。另一方面，近期政治局会议提出“统筹做好今明两年宏观政策衔接”，预示着下半年可能将实行更积极的财政政策托底经济，地方债大概率会明显放量发行，此前微量发行局面不再持续。债券供给放量与通胀维持高位可能对市场短期有所扰动，但风险还不大。综上，本基金认为下半年中短端债券品种仍有较高配置价值，长端品种则有交易性机会。","fund":{"_id":3000000004827,"stockCode":"004827","stockType":"fund","areaCode":"cn","followedNum":16,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2017-07-20T16:00:00.000Z","setUpScale":312827000,"market":"a","tickerId":4827,"custody":"中国工商银行股份有限公司","name":"平安中短债债券型证券投资基金","shortName":"平安中短债债券A","fundSecondLevel":"bond","inceptionDate":"2017-08-22T16:00:00.000Z","lastUpdated":"2024-12-31T23:39:42.200Z","__csrcFundId":4686,"masterFundFlag":1,"fundCollectionId":4000050640000,"currency":"CNY","masterFundShortName":"平安中短债债券","pinyin":"pazdzzqxzqtzjj","managers":[{"stockCode":"db20074875","stockType":"fund_manager","exchange":"fm","tickerId":72502170030,"name":"高勇标"}]},"announcement":{"linkText":"平安中短债债券型证券投资基金2021年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=633960","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec8267fea5b3eb04786f0","stockId":3000000004827,"sao":"一季度受基数因素影响，宏观经济数据大幅冲高。PPI在大宗商品价格走强的带动下也出现明显回升，货币政策保持中性稳健。总体来看，一季度债券市场收益率呈冲高回落走势。具体来看，年初资金面相对宽松，收益率维持区间震荡；1月末央行公开市场投放不及预期，投资者担忧货币政策收紧，资金利率快速飙升，收益率出现反弹；春节期间海外疫情控制能力及疫苗接种进度超预期，美债利率大幅上行，油价涨幅明显，导致国内债市收益率进一步上行；春节后资金利率重回宽松，货币政策收紧担忧下降，收益率总体缓慢下行。在此期间，本基金保持了投资组合的流动性，主要配置中短期限的中高等级信用债，波段操作长端利率债和高等级信用债，基金净值表现震荡上升。","date":"2021-03-30T16:00:00.000Z","declarationDate":"2021-04-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:16:22.851Z","fund":{"_id":3000000004827,"stockCode":"004827","stockType":"fund","areaCode":"cn","followedNum":16,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2017-07-20T16:00:00.000Z","setUpScale":312827000,"market":"a","tickerId":4827,"custody":"中国工商银行股份有限公司","name":"平安中短债债券型证券投资基金","shortName":"平安中短债债券A","fundSecondLevel":"bond","inceptionDate":"2017-08-22T16:00:00.000Z","lastUpdated":"2024-12-31T23:39:42.200Z","__csrcFundId":4686,"masterFundFlag":1,"fundCollectionId":4000050640000,"currency":"CNY","masterFundShortName":"平安中短债债券","pinyin":"pazdzzqxzqtzjj","managers":[{"stockCode":"db20074875","stockType":"fund_manager","exchange":"fm","tickerId":72502170030,"name":"高勇标"}]}},{"_id":"69aec8267fea5b3eb04786ef","stockId":3000000004827,"sao":"2020年宏观经济开局相对平稳，但1月中下旬之后，随着新型冠病毒在中国爆发并快速蔓延，之前市场对经济弱复苏的预期受到严重挑战；3月份疫情在海外扩散，叠加沙俄石油价格战爆发，全球股市、商品等风险资产持续大跌，并引发海外发生流动性危机；美联储随即开启危机模式下的紧急救市，进行无限量化宽松。总体来看，1-4月份，受新冠疫情影响，国内外货币政策宽松不断，债市收益率大幅下行。二季度，随着新冠疫情继续在全球蔓延，海外主要发达国家和我国央行均采取了偏宽松的货币政策，以应对经济面临的巨大不确定性。不过由于新冠疫情在我国率先得到控制，国内陆续开启了复工复产，生产订单与部分需求得到集中释放，我国经济增速从4月份开始出现明显修复。与此同时，债市收益率也出现了较大幅度反弹；下半年受益于国内防控良好和宏观政策对冲，各项宏观和微观经济指标环比继续改善，货币政策也逐步回归中性，资金面持续紧平衡，债市收益率继续震荡上行。在上述背景下，2020年本基金在符合基金合同约定的投资范围和投资限制基础上，本基金为追求稳健的投资收益，主要配置中短期限的中高等级信用债和利率债，使得基金净值在报告期内保持了增长。","date":"2020-12-30T16:00:00.000Z","declarationDate":"2021-01-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:16:22.848Z","mo":"展望2021年，本基金认为上半年经济复苏动能较足，PPI代表的广义通胀对利率形成压力，债市收益率短期仍然难以趋势性下行。二季度之后，随着经济脉冲式修复接近尾声，后续经济回升动能可能将有所走弱。而货币政策延续稳健基调、信用逐步回归中性以及供需格局改善，债市面临的环境或将逐渐变得相对友好，利率有望迎来阶段性行情，但大级别行情仍然难现。总体而言，利率全年区间波动，中枢先抬升后下移。本基金认为流动性较好的中短端品种仍有较高投资价值，将保持高比例配置力度。对于长端品种，将根据经济形势和市场情况进行波段操作，以增强基金整体收益率。","fund":{"_id":3000000004827,"stockCode":"004827","stockType":"fund","areaCode":"cn","followedNum":16,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2017-07-20T16:00:00.000Z","setUpScale":312827000,"market":"a","tickerId":4827,"custody":"中国工商银行股份有限公司","name":"平安中短债债券型证券投资基金","shortName":"平安中短债债券A","fundSecondLevel":"bond","inceptionDate":"2017-08-22T16:00:00.000Z","lastUpdated":"2024-12-31T23:39:42.200Z","__csrcFundId":4686,"masterFundFlag":1,"fundCollectionId":4000050640000,"currency":"CNY","masterFundShortName":"平安中短债债券","pinyin":"pazdzzqxzqtzjj","managers":[{"stockCode":"db20074875","stockType":"fund_manager","exchange":"fm","tickerId":72502170030,"name":"高勇标"}]},"announcement":{"linkText":"平安中短债债券型证券投资基金2020年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=560186","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec8267fea5b3eb04786ee","stockId":3000000004827,"sao":"三季度，国内经济延续复苏，金融、经济数据表现较好。央行公布的二季度货币政策执行报告，对经济预期较为乐观，认为经济将在下半年逐步恢复至潜在增速水平，货币政策未来主要配合财政发力，总量政策难有，结构性政策为主，资金利率围绕公开市场操作利率波动。在此背景下，7月初股市大涨，市场风险偏好明显上升，并引发了债市大幅调整;8-9月份，债市收益率在资金成本抬升、供给压力增大等因素作用下继续震荡上行。总体来看，三季度债市收益率总体呈震荡上行走势。  本基金主要配置中短期限的中高等级信用债，保持了投资组合的流动性，并且波段操作利率债以增强组合收益。","date":"2020-09-29T16:00:00.000Z","declarationDate":"2020-10-27T16:00:00.000Z","lastUpdated":"2026-03-09T13:16:22.845Z","fund":{"_id":3000000004827,"stockCode":"004827","stockType":"fund","areaCode":"cn","followedNum":16,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2017-07-20T16:00:00.000Z","setUpScale":312827000,"market":"a","tickerId":4827,"custody":"中国工商银行股份有限公司","name":"平安中短债债券型证券投资基金","shortName":"平安中短债债券A","fundSecondLevel":"bond","inceptionDate":"2017-08-22T16:00:00.000Z","lastUpdated":"2024-12-31T23:39:42.200Z","__csrcFundId":4686,"masterFundFlag":1,"fundCollectionId":4000050640000,"currency":"CNY","masterFundShortName":"平安中短债债券","pinyin":"pazdzzqxzqtzjj","managers":[{"stockCode":"db20074875","stockType":"fund_manager","exchange":"fm","tickerId":72502170030,"name":"高勇标"}]},"announcement":{"linkText":"平安中短债债券型证券投资基金2020年第三季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=491530","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec8267fea5b3eb04786ed","stockId":3000000004827,"sao":"上半年宏观经济开局相对平稳，市场主要矛盾是经济弱复苏，风险资产上涨，而无风险利率因流动性整体宽松并未明显调整；1月中下旬之后，随着新型冠病毒在中国爆发并快速蔓延，经济弱复苏的预期受到挑战；3月份疫情在海外扩散，叠加沙俄石油价格战爆发，全球股市、商品等风险资产持续大跌，并引发海外发生流动性危机，美联储紧急救市但效果有限。在内外交困情况下，中国一季度GDP增速下行至-6.8%。进入二季度，随着新冠病毒继续在全球蔓延，海外主要发达国家和我国央行均采取了偏宽松的货币政策，以应对经济仍然面临的巨大不确定性。不过由于新冠病毒在我国率先得到逐步控制，国内陆续开启了复工复产，生产订单与部分需求得到集中释放，经济增速出现了逐步修复,二季度国内GDP增速回升至3.2%；受上述因素影响，上半年债市收益率呈先下后上的震荡走势。","date":"2020-06-29T16:00:00.000Z","declarationDate":"2020-07-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:16:22.843Z","mo":"展望下半年，本基金认为债券市场将继续呈震荡格局，国内经济在政策催化和复工复产加速下逐步回归正常，经济和企业盈利增速逐季提升；国外，特别是欧美国家疫情拐点逐步出现，逐步着手恢复经济，但整体需求较弱，恢复还需一定时间。总体来看，经济基本面处于内需向上，外需向下的交错期，流动性维持宽松但不“泛滥”，风险偏好反复冲击、折腾。综上，本基金认为中短端债券品种仍有较高配置价值，长端品种则有阶段性交易机会。","fund":{"_id":3000000004827,"stockCode":"004827","stockType":"fund","areaCode":"cn","followedNum":16,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2017-07-20T16:00:00.000Z","setUpScale":312827000,"market":"a","tickerId":4827,"custody":"中国工商银行股份有限公司","name":"平安中短债债券型证券投资基金","shortName":"平安中短债债券A","fundSecondLevel":"bond","inceptionDate":"2017-08-22T16:00:00.000Z","lastUpdated":"2024-12-31T23:39:42.200Z","__csrcFundId":4686,"masterFundFlag":1,"fundCollectionId":4000050640000,"currency":"CNY","masterFundShortName":"平安中短债债券","pinyin":"pazdzzqxzqtzjj","managers":[{"stockCode":"db20074875","stockType":"fund_manager","exchange":"fm","tickerId":72502170030,"name":"高勇标"}]},"announcement":{"linkText":"平安中短债债券型证券投资基金2020年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=454411","linkType":"PDF","source":"csrc_pdf"}}]}