window.pageData = {"stock":{"_id":3000000006097,"stockCode":"006097","shortName":"平安高等级债A","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":6097,"masterFundFlag":1,"status":"normal","inceptionDate":"2019-05-28T16:00:00.000Z","name":"平安高等级债债券型证券投资基金","exchange":"jj","followedNum":0,"fundCollectionId":4000050640000,"currency":"CNY","masterFundShortName":"平安高等级债","pinyin":"pagdjzzqxzqtzjj","fundCollection":{"exchange":"jjgs","stockType":"fund_collection","stockCode":"50640000","tickerId":50640000,"name":"平安基金管理有限公司"},"managers":[{"name":"李晓天","stockType":"fund_manager","stockCode":"j101019908","exchange":"fm","tickerId":122420248890},{"name":"马众浩","stockType":"fund_manager","stockCode":"j101020803","exchange":"fm","tickerId":132608264860}],"hotMetrics":{"fss":{"stockId":3000000006097,"type":"fss","f_s_s_d":"2024-06-29T16:00:00.000Z","f_ins_h_s_r":0.9994,"f_ins_h_s_r_c_hy":0.00009999999999987796,"f_ins_h_s_r_c_1y":0,"f_ind_h_s_r":0.0006,"f_ind_h_s_r_c_hy":-0.00010000000000000015,"f_ind_h_s_r_c_1y":0,"f_h_a":171,"f_h_s_a":5097191,"last_data_date":"2025-12-30T16:00:00.000Z"},"fpr":{"stockId":3000000006097,"type":"fpr","f_p_r_fys_ssc":7460,"f_p_r_fys_ssrp":0.5642847566697948,"f_p_r_m1_ssc":7594,"f_p_r_m1_ssrp":0.4743843013301725,"f_p_r_m3_ssc":7519,"f_p_r_m3_ssrp":0.46594839052939613,"f_p_r_m6_ssc":7324,"f_p_r_m6_ssrp":0.5687559743274614,"f_p_r_y1_ssc":6852,"f_p_r_y1_ssrp":0.8784119106699751,"f_p_r_y2_ssc":5917,"f_p_r_y2_ssrp":0.816260987153482,"f_p_r_y3_ssc":4914,"f_p_r_y3_ssrp":0.8890698147771219,"f_p_r_y5_ssc":3319,"f_p_r_y5_ssrp":0.6992163954189271,"f_cagr_p_r_fs_ssc":7291,"f_cagr_p_r_fs_ssrp":0.629355281207133},"fp":{"stockId":3000000006097,"type":"fp","f_p_r_fys":0.010686164229471329,"f_p_r_m1":0.0019514914970726327,"f_p_r_m3":0.007004763239002676,"f_p_r_m6":0.010686164229471329,"f_p_r_y1":0.010686164229471329,"f_p_r_y3":0.06199692086141684,"f_cagr_p_r_fs":0.02637627638650053,"f_p_r_d1":-0.00037707390648566985,"f_p_r_y2":0.038528221922558226,"f_p_r_y5":0.14163885940390575,"last_data_date":"2026-05-17T16:00:00.000Z"},"ff":{"stockId":3000000006097,"type":"ff","f_m_f":1418446,"f_m_f_r":0.003,"f_c_f":472815,"f_c_f_r":0.001,"f_m_a_c_f":1891261,"f_m_a_c_f_r":0.004,"f_m_c_f_d":"2024-12-09T16:00:00.000Z","f_c_fr":0.001,"f_fr_d":"2026-02-27T16:00:00.000Z","f_m_fr":0.003,"f_mac_fr":0.004},"f_nlacan":{"stockId":3000000006097,"type":"f_nlacan","f_nv_d":"2026-05-17T16:00:00.000Z","f_nv":1.0782,"f_nv_cr":0.00027831895352070646},"f_as":{"stockId":3000000006097,"type":"f_as","f_tas":985459912.6798,"f_tas_d":"2026-03-30T16:00:00.000Z"}},"masterSlaveFunds":[{"_id":3000000010035,"name":"平安高等级债债券型证券投资基金","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","stockCode":"010035","tickerId":10035,"shortName":"平安高等级债E","__csrcFundId":6238,"lastUpdated":"2025-01-04T00:32:05.727Z","exchange":"jj","inceptionDate":"2020-08-12T16:00:00.000Z","followedNum":0,"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":"pagdjzzqxzqtzjj"},{"_id":3000000009406,"name":"平安高等级债债券型证券投资基金","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","stockCode":"009406","tickerId":9406,"shortName":"平安高等级债C","__csrcFundId":6238,"lastUpdated":"2025-01-04T00:32:04.455Z","exchange":"jj","inceptionDate":"2020-04-21T16:00:00.000Z","followedNum":0,"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":"pagdjzzqxzqtzjj"}],"bondHoldings":[{"_id":"69e7d7326201787ae12a4cf7","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-20T16:00:00.000Z","fundId":3000000006097,"stockCode":"220205","stockName":"22国开05","holdings":1100000,"marketCap":118358041,"netValueRatio":0.1201,"lastUpdated":"2026-04-21T19:59:46.767Z"},{"_id":"69e7d7326201787ae12a4cf8","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-20T16:00:00.000Z","fundId":3000000006097,"stockCode":"240405","stockName":"24农发05","holdings":1000000,"marketCap":104051342,"netValueRatio":0.1056,"lastUpdated":"2026-04-21T19:59:46.770Z"},{"_id":"69e7d7326201787ae12a4cf9","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-20T16:00:00.000Z","fundId":3000000006097,"stockCode":"240415","stockName":"24农发15","holdings":1000000,"marketCap":101991643,"netValueRatio":0.1035,"lastUpdated":"2026-04-21T19:59:46.773Z"},{"_id":"69e7d7326201787ae12a4cfa","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-20T16:00:00.000Z","fundId":3000000006097,"stockCode":"220208","stockName":"22国开08","holdings":900000,"marketCap":93221901,"netValueRatio":0.0946,"lastUpdated":"2026-04-21T19:59:46.777Z"},{"_id":"69e7d7326201787ae12a4cfb","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-20T16:00:00.000Z","fundId":3000000006097,"stockCode":"2320043","stockName":"23杭州银行02","holdings":700000,"marketCap":71359376,"netValueRatio":0.0724,"lastUpdated":"2026-04-21T19:59:46.783Z"}]},"list":[{"_id":"69e7d5706201787ae129f06c","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-20T16:00:00.000Z","stockId":3000000006097,"sao":"回顾一季度，债券市场收益率呈现先下后上的态势。1月初，受权益市场强劲表现带来的风险偏好抬升及赎回压力影响，市场延续剧烈调整；1月中旬起，权益、商品市场波动均加大，风险偏好对债市的压制减弱，2月初PMI数据偏弱、贵金属价格巨震进一步强化这一影响，市场情绪逐渐好转，叠加银行资金充裕、配置力量持续强势，收益率逐步下台阶；2月上旬随着十债接近1.8%关键点位，机构担忧空间有限，市场转为反复震荡；临近春节央行保持呵护态度，货政报告提出“未来将常态化开展国债买卖操作”点燃市场情绪，10Y国债短暂突破1.8%；节后交易盘止盈情绪发酵，市场转向弱势震荡；3月以来多项数据均好于预期，叠加美伊战事持续升级引发通胀恐慌，长端受到明显冲击，而短端在资金平稳支撑下表现较好，收益率曲线陡峭化；月底债市逐渐对通胀预期脱敏，情绪有温和修复。　　　　报告期内，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，保持了投资组合的流动性，主要配置利率债和商金债，灵活调整组合的杠杆和久期，以获取票息收益和资本利得收益。","lastUpdated":"2026-04-21T19:52:16.972Z","fund":{"_id":3000000006097,"__csrcFundId":6238,"stockCode":"006097","shortName":"平安高等级债(006097)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":6097,"masterFundFlag":1,"lastUpdated":"2026-04-30T20:00:02.070Z","status":"normal","inceptionDate":"2019-05-28T16:00:00.000Z","name":"平安高等级债债券型证券投资基金","exchange":"jj","followedNum":0,"fundCollectionId":4000050640000,"currency":"CNY","masterFundShortName":"平安高等级债","pinyin":"pagdjzzqxzqtzjj","managers":[{"stockCode":"j101019908","stockType":"fund_manager","exchange":"fm","tickerId":122420248890,"name":"李晓天"},{"stockCode":"j101020803","stockType":"fund_manager","exchange":"fm","tickerId":132608264860,"name":"马众浩"}]},"announcement":{"linkText":"平安高等级债债券型证券投资基金 2026年第1季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1471603","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69c619e65315f995c600a6c7","date":"2025-12-30T16:00:00.000Z","declarationDate":"2026-03-26T16:00:00.000Z","stockId":3000000006097,"sao":"2025年经济基本面表现“前高后低”：上半年维持韧性，但7月开始投资数据骤降、产需压力加大、金融数据逐渐变为“总量与结构双弱”。政策面上，主要聚焦改善预期、稳定资本市场、修复实体资产负债表、促进消费等，节奏上稳步推进，短期强刺激逆转基本面的效果有限，“反内卷”政策提振风险偏好但对通胀的提振效果暂略不及预期。　　　　回顾市场来看，资金面走势、中美关税博弈、市场风偏变化、债基销售新规传闻、央行重启买债等因素先后主导2025年债券市场走势。年初央行收紧流动性敲打市场，而权益市场保持强势，Q1债市行情熊平走势；此后中美关税摩擦升温引发避险情绪，宽货币政策先行落地，10Y国债收益率先在4月初快速大幅下行，随后Q2在稳增长加码预期催化下转向震荡；7月初“反内卷”政策预期强化，叠加股债跷跷板效应，市场风偏逐渐提升，资金持续流出债市，Q3收益率逐渐走高下加剧赎回风险担忧，曲线熊陡；Q4债市震荡为主，10月初中美贸易摩擦超预期发酵下市场重新走强，10月底央行重启买债后债市情绪进一步修复，但随后债市做多交易逐渐拥挤，受央行买债规模不及预期、表述及操作偏中性、长钱净投放力度克制、销售新规传闻反复等因素影响，市场重新走弱。　　　　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，保持了投资组合的流动性，主要配置利率债和高等级金融债，灵活调整组合的杠杆和久期，以获取票息收益和资本利得收益。","lastUpdated":"2026-03-27T05:47:18.494Z","mo":"展望2026年，预计债券市场震荡为主。基本面上，仍处于筑底修复阶段，年初有“两个5000亿”资金支持和“开门红”诉求推动，但政策力度整体较为克制、节奏较为平缓，经济下行压力短期仍难证伪，债市难有显著调整。货币政策方面，央行态度较为中性，虽然在多个场合表示“降准降息”仍有空间，但不应过度乐观解读，政策利率的调整更可能是“跟随式”而非“前瞻式”，潜在的触发点为经济压力进一步失速下滑。从市场情绪来看，基金销售费用新规在年初落地后机构负债端赎回压力有所缓和，市场中性久期也明显回落，筹码结构相对健康。而从中期来看，随着反内卷政策的推进，供需失衡矛盾有望缓和、通缩叙事有望动摇，目前已有初步迹象，这一逻辑若持续演绎则利好广谱利率企稳，从而推升整体债券收益率中枢。","fund":{"_id":3000000006097,"__csrcFundId":6238,"stockCode":"006097","shortName":"平安高等级债(006097)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":6097,"masterFundFlag":1,"lastUpdated":"2026-04-30T20:00:02.070Z","status":"normal","inceptionDate":"2019-05-28T16:00:00.000Z","name":"平安高等级债债券型证券投资基金","exchange":"jj","followedNum":0,"fundCollectionId":4000050640000,"currency":"CNY","masterFundShortName":"平安高等级债","pinyin":"pagdjzzqxzqtzjj","managers":[{"stockCode":"j101019908","stockType":"fund_manager","exchange":"fm","tickerId":122420248890,"name":"李晓天"},{"stockCode":"j101020803","stockType":"fund_manager","exchange":"fm","tickerId":132608264860,"name":"马众浩"}]},"announcement":{"linkText":"平安高等级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=1447834","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec9577fea5b3eb048feab","date":"2025-09-29T16:00:00.000Z","declarationDate":"2025-10-24T16:00:00.000Z","stockId":3000000006097,"sao":"25年三季度，债券收益率调整上行，10年期国债活跃券收益率自7月初的1.64%震荡上行，最高上行近20BP至1.83%后在9月末有所修复，长端较中短端跌幅更大。具体来看，7月初中央财经委会议强化“反内卷”政策预期，叠加权益市场走强后的股债跷跷板效应，市场风偏提升下纯债资产收益吸引力明显下降，资金持续流向混合类及权益类资产，赎回预期担忧压制债市情绪，在此期间虽有央行资金投放呵护、偏弱的金融及经济基本面数据、央行买债传闻等利好因素，但只带来行情触底反弹并非反转，债券收益率曲线熊陡走势。而9月下旬市场在新一轮央行买债传闻下企稳反弹，10Y国债活跃券收益率重回1.80%后窄幅震荡。　　　　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，保持了投资组合的流动性，主要配置利率债和高等级金融债，灵活调整组合的杠杆和久期，以获取票息收益和资本利得收益。","lastUpdated":"2026-03-09T13:21:27.798Z","fund":{"_id":3000000006097,"__csrcFundId":6238,"stockCode":"006097","shortName":"平安高等级债(006097)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":6097,"masterFundFlag":1,"lastUpdated":"2026-04-30T20:00:02.070Z","status":"normal","inceptionDate":"2019-05-28T16:00:00.000Z","name":"平安高等级债债券型证券投资基金","exchange":"jj","followedNum":0,"fundCollectionId":4000050640000,"currency":"CNY","masterFundShortName":"平安高等级债","pinyin":"pagdjzzqxzqtzjj","managers":[{"stockCode":"j101019908","stockType":"fund_manager","exchange":"fm","tickerId":122420248890,"name":"李晓天"},{"stockCode":"j101020803","stockType":"fund_manager","exchange":"fm","tickerId":132608264860,"name":"马众浩"}]},"announcement":{"linkText":"平安高等级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=1370778","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec9577fea5b3eb048feaa","date":"2025-06-29T16:00:00.000Z","stockId":3000000006097,"sao":"2025年上半年，债市走势先后受到央行态度、关税博弈、风险偏好等因素影响。24年末在“适度宽松”的货币政策基调下机构抢跑跨年行情，10年国债在25年初下破1.6%。随后1-3月央行收紧流动性，市场对“适度宽松”预期开始修正，债市走熊，短端调整幅度更为剧烈，10年国债回调高点接近1.9%。4月中美关税摩擦升温引发避险情绪，债券收益率快速下行。5月宽货币政策先行落地，随着稳增长预期加码，债市转向震荡，整体围绕1.6-1.7%区间波动。　　　　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，保持了投资组合的流动性，主要配置利率债和金融债，灵活调整组合的杠杆和久期，以获取票息收益和资本利得收益。","declarationDate":"2025-07-17T16:00:00.000Z","lastUpdated":"2026-03-09T13:21:27.795Z","mo":"资金面上，央行6月连续提前公告买断式逆回购，7月下旬一度面临扰动但央行及时大额净投放跨月资金，呵护意图明确，6-7月整体维持资金面平稳偏松。政策面上，虽然高频数据有所波动，但季度读数仍在抢出口因素下保持韧性，预计Q3增量政策保持定力。“反内卷”政策主导近期债市走势，尽管其实际效果、扩散领域等仍需观察，但初期的风险偏好与情绪已经对债市形成负面冲击，赎回负反馈抛压情绪仍在，短期面临逆风。从广谱利率角度看，前期贷款利率持续下移，目前国债收益率与考虑风险占用后的税后贷款收益率仍有较大利差，银行仍有较强配债诉求。整体来看，目前经济政策形势暂时不扭转债市中期方向，对后市中性不悲观。","fund":{"_id":3000000006097,"__csrcFundId":6238,"stockCode":"006097","shortName":"平安高等级债(006097)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":6097,"masterFundFlag":1,"lastUpdated":"2026-04-30T20:00:02.070Z","status":"normal","inceptionDate":"2019-05-28T16:00:00.000Z","name":"平安高等级债债券型证券投资基金","exchange":"jj","followedNum":0,"fundCollectionId":4000050640000,"currency":"CNY","masterFundShortName":"平安高等级债","pinyin":"pagdjzzqxzqtzjj","managers":[{"stockCode":"j101019908","stockType":"fund_manager","exchange":"fm","tickerId":122420248890,"name":"李晓天"},{"stockCode":"j101020803","stockType":"fund_manager","exchange":"fm","tickerId":132608264860,"name":"马众浩"}]},"announcement":{"linkText":"平安高等级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=1339458","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec9577fea5b3eb048fea9","date":"2025-03-30T16:00:00.000Z","stockId":3000000006097,"sao":"25Q1，债券市场整体偏弱，节前长端超长端继续跟随降息预期延续走强，中短端受制于央行收紧而明显转弱，曲线大幅平坦化。节后市场等待的宽松也并未到来，资金价格甚至进一步走高，央行在货政报告、两会经济主题记者会、财经媒体等多个场合的措辞均指向降息意愿不强、降准需要观察时机的态度，债市震荡走弱、曲线偏平坦化上移。3月下旬央行正常呵护跨季资金的操作，市场再度博弈央行重新转向宽松，债市重新有所回暖但整体幅度有限。　　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，保持了投资组合的流动性，主要配置利率债和高等级金融债，灵活调整组合的杠杆和久期，以获取票息收益和资本利得收益。","declarationDate":"2025-04-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:21:27.792Z","fund":{"_id":3000000006097,"__csrcFundId":6238,"stockCode":"006097","shortName":"平安高等级债(006097)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":6097,"masterFundFlag":1,"lastUpdated":"2026-04-30T20:00:02.070Z","status":"normal","inceptionDate":"2019-05-28T16:00:00.000Z","name":"平安高等级债债券型证券投资基金","exchange":"jj","followedNum":0,"fundCollectionId":4000050640000,"currency":"CNY","masterFundShortName":"平安高等级债","pinyin":"pagdjzzqxzqtzjj","managers":[{"stockCode":"j101019908","stockType":"fund_manager","exchange":"fm","tickerId":122420248890,"name":"李晓天"},{"stockCode":"j101020803","stockType":"fund_manager","exchange":"fm","tickerId":132608264860,"name":"马众浩"}]},"announcement":{"linkText":"平安高等级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=1269631","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec9577fea5b3eb048fea8","date":"2024-12-30T16:00:00.000Z","stockId":3000000006097,"sao":"2024年基本面逐季滑落：居民消费能力和意愿受收入现状和预期制约，内生动能匮乏，仅靠政策刺激带来的改善幅度有限；地产投资持续低迷，房企仍处于被动去杠杆、缩表防风险阶段，居民对房价预期仍偏悲观；基建投资受到地方债务上限约束，土地财政和地产投资负反馈相互掣肘，基建投资增速出现回落；受益于科技推动和产业结构升级的制造业投资维持高增，同时出口领域整体表现也较为平稳。货币政策方面，央行保持“适度宽松”基调，综合运用多种工具保持流动性充裕，货币政策框架进一步演进变革：强化7天逆回购利率，淡化MLF的政策利率色彩；收窄利率走廊宽度；调整长期流动性投放方式，增设二级市场国债买卖、买断式逆回购等兼具流动性投放和回收功能的流动性管理工具。财政政策发力节奏偏慢，收支两端增速偏低，预算完成进度较慢，对经济的实际拉动效果暂时未充分显现。　　　　2024年债券市场主线逻辑是“资产荒”下的极致演绎，收益率整体向下创新低，但年内仍有三次明显调整（触发因素包括监管对长债风险的提醒、稳增长政策加码等）。曲线形态方面，超长债需求旺盛带动30Y-10Y期限利差压缩，而大行买短卖长操作带动10Y-2Y利差明显走扩。信用债方面，非银信用债收益率大多下行，仅8-10月略有回调，信用利差在年内创下新低后伴随政策调整，未完全修复至前低。　　　　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，保持了投资组合的流动性，主要配置利率债和高等级金融债，灵活调整组合的杠杆和久期，以获取票息收益和资本利得收益。","declarationDate":"2025-01-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:21:27.789Z","mo":"展望2025年基本面，“政策前置发力、货币适度宽松、经济波动筑底”将是市场主线逻辑。政治局会议明确货币政策基调升级为“适度宽松”，与财政配合度加强，降息、降准可期但落地时点具有较大不确定性。目前中央政府政策思路也已转向强调“超常规”逆周期政策，化债政策推进改善地方政府现金流及未来预期，货币政策配合下表内财政和信贷配套共同发力推动基建温和走强；消费政策也是未来政策重点发力方向，资产价格及收入端边际好转，以旧换新政策进一步加码，基本面和政策将共同支撑消费从目前的低位水平有所回暖；房地产市场逐渐步入“止跌回稳”状态，二手房成交量率先修复，收储和城市更新共同推动新房市场逐渐走向平衡，但房企内生现金流乏力、再投资意愿仍然偏弱，或将制约开施工恢复力度，名义地产投资可能持续承压；制造业面临多数行业供过于求的核心困局，供需矛盾下制造业投资易下难上；出口全年面临的高基数压力愈发加大，但抢出口有望在上半年维持高位，而下半年在关税冲击下下行压力预计加剧。","fund":{"_id":3000000006097,"__csrcFundId":6238,"stockCode":"006097","shortName":"平安高等级债(006097)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":6097,"masterFundFlag":1,"lastUpdated":"2026-04-30T20:00:02.070Z","status":"normal","inceptionDate":"2019-05-28T16:00:00.000Z","name":"平安高等级债债券型证券投资基金","exchange":"jj","followedNum":0,"fundCollectionId":4000050640000,"currency":"CNY","masterFundShortName":"平安高等级债","pinyin":"pagdjzzqxzqtzjj","managers":[{"stockCode":"j101019908","stockType":"fund_manager","exchange":"fm","tickerId":122420248890,"name":"李晓天"},{"stockCode":"j101020803","stockType":"fund_manager","exchange":"fm","tickerId":132608264860,"name":"马众浩"}]},"announcement":{"linkText":"平安高等级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=1245958","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec9577fea5b3eb048fea7","date":"2024-09-29T16:00:00.000Z","stockId":3000000006097,"sao":"2024年三季度，基本面延续偏弱的格局，PMI较二季度进一步回落，生产、消费均有所走弱，物价仍维持低位，央行两次调降政策利率，并降低存款准备金利率。季初收益率逐步下行，突破前低。但较低的长债收益率水平，引发监管对风险的关注，央行通过各种方式频繁向市场提示风险，收益率有所上行，同时负债端波动放大，信用利差从低位开始走阔。进入9月，月初在较为宽松的资金及偏弱的数据影响下，收益率继续下行。季末稳增长政策加码，市场预期急剧转变，股票市场快速反弹，债券收益率大幅调整，信用利差大幅走阔。　　报告期内，本基金根据市场情况调整组合久期和杠杆，并寻找交易机会，在兼顾安全性、流动性和收益性的情况下，保持组合平稳运作。","declarationDate":"2024-10-23T16:00:00.000Z","lastUpdated":"2026-03-09T13:21:27.786Z","fund":{"_id":3000000006097,"__csrcFundId":6238,"stockCode":"006097","shortName":"平安高等级债(006097)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":6097,"masterFundFlag":1,"lastUpdated":"2026-04-30T20:00:02.070Z","status":"normal","inceptionDate":"2019-05-28T16:00:00.000Z","name":"平安高等级债债券型证券投资基金","exchange":"jj","followedNum":0,"fundCollectionId":4000050640000,"currency":"CNY","masterFundShortName":"平安高等级债","pinyin":"pagdjzzqxzqtzjj","managers":[{"stockCode":"j101019908","stockType":"fund_manager","exchange":"fm","tickerId":122420248890,"name":"李晓天"},{"stockCode":"j101020803","stockType":"fund_manager","exchange":"fm","tickerId":132608264860,"name":"马众浩"}]},"announcement":{"linkText":"平安高等级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=1170907","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec9577fea5b3eb048fea6","date":"2024-06-29T16:00:00.000Z","stockId":3000000006097,"sao":"2024年上半年，基本面延续弱复苏格局，经济结构分化，工业生产和出口保持较好增速，但投资和消费增速低于预期；上半年地产政策持续优化，一线城市限购放松，支持销售短期回暖，但房企拿地、投资仍在低位，地产整体仍然疲弱。基建等实物工作量未见明显起色，物价水平总体也保持低位。政策方面，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，全年财政赤字3%、地方政府专项债3.9万亿，并发行1万亿超长期特别国债，但整体看上半年债券发行节奏略偏后；稳健的货币政策灵活适度、精准有效。央行春节前降准、年初超额续作MLF，为市场提供长期流动性，并在关键时点加大投放力度，呵护资金面平稳。　　总体来看，上半年债券收益率呈下行走势，年初至3月初，货币政策宽松叠加供给边际减少，各期限收益率下行，其中，长端、超长端下行幅度更大，收益率曲线牛平。两会之后，受地产政策放松、财政加力预期影响，并叠加机构行为扰动，债券收益率转为震荡，中短端小幅下行，超长端收益率回升，曲线小幅陡峭化。但进入二季末，一方面在禁止“手工补息”背景下，银行存款逐步转移至非银体系内，债市“资产荒”特征明显，基本面边际有所弱化，收益率再次转为下行，短端下行幅度更大，收益率曲线再次陡峭化，票息资产也有更优的表现,信用利差压缩。　　报告期内，本基金保持适中的杠杆水平、中低久期水平，同时积极寻找交易机会，在兼顾流动性的情况下，力求风险与收益的再平衡，本基金净值有所增长。","declarationDate":"2024-07-17T16:00:00.000Z","lastUpdated":"2026-03-09T13:21:27.784Z","mo":"展望下半年，基本面压力仍在，政策对完成全年经济社会发展目标诉求明确，强调政策持续用力、更加给力，但整体政策定力仍然较强，注重高质量发展和新质生产力，短期债市受到来自基本面的压力较小。货币政策还仍将保持宽松，但随着收益率进入低位，利差压缩到较低水平，下半年债券供给规模不低，债券收益率扰动因素增加。","fund":{"_id":3000000006097,"__csrcFundId":6238,"stockCode":"006097","shortName":"平安高等级债(006097)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":6097,"masterFundFlag":1,"lastUpdated":"2026-04-30T20:00:02.070Z","status":"normal","inceptionDate":"2019-05-28T16:00:00.000Z","name":"平安高等级债债券型证券投资基金","exchange":"jj","followedNum":0,"fundCollectionId":4000050640000,"currency":"CNY","masterFundShortName":"平安高等级债","pinyin":"pagdjzzqxzqtzjj","managers":[{"stockCode":"j101019908","stockType":"fund_manager","exchange":"fm","tickerId":122420248890,"name":"李晓天"},{"stockCode":"j101020803","stockType":"fund_manager","exchange":"fm","tickerId":132608264860,"name":"马众浩"}]},"announcement":{"linkText":"平安高等级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=1142885","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec9577fea5b3eb048fea5","date":"2024-03-30T16:00:00.000Z","stockId":3000000006097,"sao":"2024年一季度，基本面延续弱复苏格局，PMI边际回升，但开年仍在荣枯线下，工业生产、出口增速较好，带动3月PMI回到50以上。但一季度地产销售进一步下探，房企债务压力仍存，建筑施工等实物工作量未见明显起色，物价延续低位。政策方面，两会经济目标符合市场预期，财政政策适度加力、提质增效，适度扩大财政支出规模。货币政策基调仍然宽松，央行春节前降准、年初超额续作MLF，为市场提供长期流动性，并在关键时点加大投放力度，呵护资金面平稳。随着资金中枢下行，宽松预期升温，叠加去年底债券供给高峰过去后，一季度供给减少，债券收益率下行，利率债各期限下行20-35BP，长端收下行幅度更大。信用收益率下行幅度更大，中长端信用利差继续压缩，等级利差也进一步收窄。报告期内，本基金的投资操作相对稳健，保持了适中的杠杆水平、中低久期水平，同时积极寻找交易机会，在兼顾安全性、流动性和收益性的情况下，本基净值有所增长。","declarationDate":"2024-04-18T16:00:00.000Z","lastUpdated":"2026-03-09T13:21:27.781Z","fund":{"_id":3000000006097,"__csrcFundId":6238,"stockCode":"006097","shortName":"平安高等级债(006097)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":6097,"masterFundFlag":1,"lastUpdated":"2026-04-30T20:00:02.070Z","status":"normal","inceptionDate":"2019-05-28T16:00:00.000Z","name":"平安高等级债债券型证券投资基金","exchange":"jj","followedNum":0,"fundCollectionId":4000050640000,"currency":"CNY","masterFundShortName":"平安高等级债","pinyin":"pagdjzzqxzqtzjj","managers":[{"stockCode":"j101019908","stockType":"fund_manager","exchange":"fm","tickerId":122420248890,"name":"李晓天"},{"stockCode":"j101020803","stockType":"fund_manager","exchange":"fm","tickerId":132608264860,"name":"马众浩"}]},"announcement":{"linkText":"平安高等级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=1068006","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec9577fea5b3eb048fea4","date":"2023-12-30T16:00:00.000Z","stockId":3000000006097,"sao":"回顾2023年，债券收益率震荡下行：随着22年末疫情放开，经济活动升温，信贷投放发力早，推升经济复苏预期，债券收益率上行。但两会增长定调略低于市场预期，随后经济数据及高频数据有所转弱，叠加货币政策宽松驱动，收益率持续下行。下半年，政策力度有所提升，财政政策加力，地方政府债务置换推进、增发万亿国债。货币政策仍然较为宽松，央行8月份年内第二次下调MLF利率，但资金套利和空转关注提升，人民币汇率压力增加，银行间资金面收敛，资金中枢抬升，债券收益率低位回升，短端上行幅度更大，收益率曲线平坦化。进入四季度，随着债券发行高峰过去，稳增长政策力度被市场逐步消化，宽货币预期升温，债券收益率转为下行。　　报告期内，本基金的投资操作相对稳健，保持了适中的杠杆水平、中低久期水平，同时积极寻找交易机会，在兼顾安全性、流动性和收益性的情况下，本基净值有所增长。","declarationDate":"2024-01-18T16:00:00.000Z","lastUpdated":"2026-03-09T13:21:27.778Z","mo":"展望2024年，基本面的压力仍然较大，货币政策仍未缺席，财政政策定调也仍然积极，后续观察财政力度。在积极政策推动下，预计制造业、基建均能维持一定的韧性，三大工程有助于地产投资边际改善。但整体看，经济仍然处于动能转换期，复苏的强度会受到一定的限制。货币政策基调是支持实体、合理充裕，经济弱修复过程中，货币政策仍需助力实体降成本，化债过程中也并不诉求收紧。当前债市收益率对基本面疲弱及货币宽松已有所定价，预计后续收益率长端将维持震荡格局，资金中枢仍然在政策利率之上，短端仍有跟随资金下行的空间。","fund":{"_id":3000000006097,"__csrcFundId":6238,"stockCode":"006097","shortName":"平安高等级债(006097)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":6097,"masterFundFlag":1,"lastUpdated":"2026-04-30T20:00:02.070Z","status":"normal","inceptionDate":"2019-05-28T16:00:00.000Z","name":"平安高等级债债券型证券投资基金","exchange":"jj","followedNum":0,"fundCollectionId":4000050640000,"currency":"CNY","masterFundShortName":"平安高等级债","pinyin":"pagdjzzqxzqtzjj","managers":[{"stockCode":"j101019908","stockType":"fund_manager","exchange":"fm","tickerId":122420248890,"name":"李晓天"},{"stockCode":"j101020803","stockType":"fund_manager","exchange":"fm","tickerId":132608264860,"name":"马众浩"}]},"announcement":{"linkText":"平安高等级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=1050507","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec9577fea5b3eb048fea3","date":"2023-09-29T16:00:00.000Z","stockId":3000000006097,"sao":"2023年三季度，基本面仍然疲弱，但稳增长政策开始发力，地产限购政策继续放松，房贷利率下调；地方债发行速度加快，部分经济数据有所改善，前期较为悲观的预期改善。货币政策维持宽松，央行继续调降公开市场操作利率15BP、降低存款准备金率0.25BP。银行间流动性充裕，但资金价格中枢有所抬升。整体看收益率先下后上，长端波动不大，中短端上行较多，收益率曲线平坦化。信用债表现优于利率债，信用利差收窄。　　报告期内，本基金的投资操作相对稳健，保持了适中的杠杆水平、中低久期水平，同时积极寻找交易机会，在兼顾安全性、流动性和收益性的情况下，本基净值有所增长。","declarationDate":"2023-10-23T16:00:00.000Z","lastUpdated":"2026-03-09T13:21:27.776Z","fund":{"_id":3000000006097,"__csrcFundId":6238,"stockCode":"006097","shortName":"平安高等级债(006097)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":6097,"masterFundFlag":1,"lastUpdated":"2026-04-30T20:00:02.070Z","status":"normal","inceptionDate":"2019-05-28T16:00:00.000Z","name":"平安高等级债债券型证券投资基金","exchange":"jj","followedNum":0,"fundCollectionId":4000050640000,"currency":"CNY","masterFundShortName":"平安高等级债","pinyin":"pagdjzzqxzqtzjj","managers":[{"stockCode":"j101019908","stockType":"fund_manager","exchange":"fm","tickerId":122420248890,"name":"李晓天"},{"stockCode":"j101020803","stockType":"fund_manager","exchange":"fm","tickerId":132608264860,"name":"马众浩"}]},"announcement":{"linkText":"平安高等级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=986020","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec9577fea5b3eb048fea2","date":"2023-06-29T16:00:00.000Z","stockId":3000000006097,"sao":"2023年初，随着疫情冲击减弱，经济逐步恢复正常秩序，生产需求均有所恢复，市场对于经济修复的预期强化。叠加信贷投放节奏前置，银行间资金面有所收敛，年初债券收益率上行。但货币政策较为友好，资金面转松，配置资金推动收益率震荡下行。之后两会经济增速目标设定偏谨慎，强刺激预期落空，经济乐观预期有所降温。二季度开始经济修复动能转弱得到数据验证，经济弱预期主导市场。同时央行维持货币政策宽松，于3月末全面降准0.25个百分点，6月中旬调降公开市场操作利率10BP，并维持资金面平稳，债券收益率一路下行，10年国债收益率一度下行接近2.6%，直到6月中下旬资金边际收敛叠加宽信用预期，收益率略有上行。 具体到市场方面，2023年上半年，收益率先上后下，各期限下行20BP左右，信用债下行幅度更大，信用利差压缩。　　　　报告期内，本基金的投资操作相对稳健，保持了适中的杠杆水平、中低久期水平，同时积极寻找交易机会，在兼顾安全性、流动性和收益性的情况下，本基金净值有所增长。","declarationDate":"2023-07-19T16:00:00.000Z","lastUpdated":"2026-03-09T13:21:27.773Z","mo":"展望下半年，基本面仍然疲弱，政策强刺激概率偏小，经济改善可能缓慢，三季度基数偏高，同比增速或将出现下滑，实际经济情况不排除二次探底的可能性，基本面对债市友好。但短期政策扰动还在，市场波动可能增大。货币政策依然处于宽松周期，流动性环境友好。","fund":{"_id":3000000006097,"__csrcFundId":6238,"stockCode":"006097","shortName":"平安高等级债(006097)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":6097,"masterFundFlag":1,"lastUpdated":"2026-04-30T20:00:02.070Z","status":"normal","inceptionDate":"2019-05-28T16:00:00.000Z","name":"平安高等级债债券型证券投资基金","exchange":"jj","followedNum":0,"fundCollectionId":4000050640000,"currency":"CNY","masterFundShortName":"平安高等级债","pinyin":"pagdjzzqxzqtzjj","managers":[{"stockCode":"j101019908","stockType":"fund_manager","exchange":"fm","tickerId":122420248890,"name":"李晓天"},{"stockCode":"j101020803","stockType":"fund_manager","exchange":"fm","tickerId":132608264860,"name":"马众浩"}]},"announcement":{"linkText":"平安高等级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=956267","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec9577fea5b3eb048fea1","date":"2023-03-30T16:00:00.000Z","stockId":3000000006097,"sao":"2023年以来，随着疫情冲击减弱，经济逐步恢复正常秩序，一季度经济整体处于修复的进程之中，生产和需求均有所恢复。但政策对经济强刺激的诉求不强，经济增长目标相对稳健，一季度增量政策有限，需求渐进恢复，经济复苏斜率不高。央行维持稳健的货币政策，流动性仍然较为充裕，但资金价格波动增大，市场利率向政策利率回归。整体看，一季度利率债收益率先上后下，波动幅度不大。信用债收益率下行较多，受益于流动性整体充裕，短端下行幅度更大，中短期限信用利差收窄。　　报告期内，本基金的投资操作相对稳健，保持了适中的杠杆水平、中低久期水平，同时积极寻找交易机会，在兼顾安全性、流动性和收益性的情况下，本基金净值有所增长。","declarationDate":"2023-04-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:21:27.771Z","fund":{"_id":3000000006097,"__csrcFundId":6238,"stockCode":"006097","shortName":"平安高等级债(006097)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":6097,"masterFundFlag":1,"lastUpdated":"2026-04-30T20:00:02.070Z","status":"normal","inceptionDate":"2019-05-28T16:00:00.000Z","name":"平安高等级债债券型证券投资基金","exchange":"jj","followedNum":0,"fundCollectionId":4000050640000,"currency":"CNY","masterFundShortName":"平安高等级债","pinyin":"pagdjzzqxzqtzjj","managers":[{"stockCode":"j101019908","stockType":"fund_manager","exchange":"fm","tickerId":122420248890,"name":"李晓天"},{"stockCode":"j101020803","stockType":"fund_manager","exchange":"fm","tickerId":132608264860,"name":"马众浩"}]},"announcement":{"linkText":"平安高等级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=884528","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec9577fea5b3eb048fea0","date":"2022-12-30T16:00:00.000Z","stockId":3000000006097,"sao":"回顾2022年，债市总体呈现震荡态势：年初以来，经济延续疲弱格局，但政策诉求较强，财政货币政策持续发力，房地产政策调整，债券收益率有所上行。一季末开始，各地疫情反复，叠加房企债务危机，需求疲弱，经济增速下行，宽松货币政策持续加码，央行二季度降低存款准备金率，三季度下调MLF利率，债券收益率下行到低位。进入四季度，防疫政策调整，地产政策加码，市场预期转向，收益率明显上行。　　报告期内，本基金的投资操作相对稳健，保持了适中的杠杆水平、中低久期水平，同时积极寻找交易机会，在兼顾安全性、流动性和收益性的情况下，本基金净值有所增长。","declarationDate":"2023-01-18T16:00:00.000Z","lastUpdated":"2026-03-09T13:21:27.768Z","mo":"展望2023年，稳增长诉求仍强，随着疫情影响消退以及稳增长政策的推进，经济修复的趋势仍将持续，但在地产尚未走出底部、海内外经济周期错位的背景下，经济修复的速度和幅度存在较多的不确定性。货币政策仍将为经济修复保驾护航，考虑全年通胀压力不大，货币政策收紧概率不高。当前资金利率已经回归政策利率，债市收益率已经一定程度计入了经济修复预期，预计后续仍将维持震荡格局。","fund":{"_id":3000000006097,"__csrcFundId":6238,"stockCode":"006097","shortName":"平安高等级债(006097)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":6097,"masterFundFlag":1,"lastUpdated":"2026-04-30T20:00:02.070Z","status":"normal","inceptionDate":"2019-05-28T16:00:00.000Z","name":"平安高等级债债券型证券投资基金","exchange":"jj","followedNum":0,"fundCollectionId":4000050640000,"currency":"CNY","masterFundShortName":"平安高等级债","pinyin":"pagdjzzqxzqtzjj","managers":[{"stockCode":"j101019908","stockType":"fund_manager","exchange":"fm","tickerId":122420248890,"name":"李晓天"},{"stockCode":"j101020803","stockType":"fund_manager","exchange":"fm","tickerId":132608264860,"name":"马众浩"}]},"announcement":{"linkText":"平安高等级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=863940","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec9577fea5b3eb048fe9f","date":"2022-09-29T16:00:00.000Z","stockId":3000000006097,"sao":"2022年三季度，疫情仍有反复，房企债务压力发酵，经济下行压力持续。央行维持资金面宽松，并于8月中旬再次下调MLF利率。资金价格下行到历史低位，债券收益率先下后上，整体有所下行。十年国债一度突破2016年低点，但随着稳增长政策持续加大，宽信用工具不断推出，地产托底政策密集出台，经济逐步回稳，货币政策更专注于宽信用，极度宽松的资金面有所收敛，债券收益率上行。具体看，2022年三季度，收益率先下后上，利率债各个期限下行10BP左右，国开下行幅度高于国债。信用债下行幅度更大，信用利差压缩。  报告期内，本基金的投资操作相对稳健，保持了适中的杠杆水平、中低久期水平，同时积极寻找交易机会，在兼顾安全性、流动性和收益性的情况下，本基净值有所增长。","declarationDate":"2022-10-24T16:00:00.000Z","lastUpdated":"2026-03-09T13:21:27.766Z","fund":{"_id":3000000006097,"__csrcFundId":6238,"stockCode":"006097","shortName":"平安高等级债(006097)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":6097,"masterFundFlag":1,"lastUpdated":"2026-04-30T20:00:02.070Z","status":"normal","inceptionDate":"2019-05-28T16:00:00.000Z","name":"平安高等级债债券型证券投资基金","exchange":"jj","followedNum":0,"fundCollectionId":4000050640000,"currency":"CNY","masterFundShortName":"平安高等级债","pinyin":"pagdjzzqxzqtzjj","managers":[{"stockCode":"j101019908","stockType":"fund_manager","exchange":"fm","tickerId":122420248890,"name":"李晓天"},{"stockCode":"j101020803","stockType":"fund_manager","exchange":"fm","tickerId":132608264860,"name":"马众浩"}]},"announcement":{"linkText":"平安高等级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=803958","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec9577fea5b3eb048fe9e","date":"2022-06-29T16:00:00.000Z","stockId":3000000006097,"sao":"2022年初，经济下行压力仍在，但稳增长诉求较强，稳增长政策陆续出台。货币政策较早发力，年初央行下调MLF利率，在悲观的经济预期和货币宽松共同推动下，债券收益率明显下行。但后续随着稳增长政策逐步发力，收益率震荡上行。3月之后，疫情反复，部分城市封控，对生产和消费均造成较大拖累，工业增加值、社零、地产投资均转为负增长。货币政策持续发力，央行4月再次下调准备金率，并维持充裕的资金环境，债券收益率明显下行。5月开始，疫情好转，复工复产逐步推进，叠加稳增长政策发力，基本面修复，资金面小幅收敛，收益率转为上行。具体到市场方面，2022年上半年，收益率呈现震荡格局，中长端收益率变化幅度不大，持续较为充裕的资金环境下，短端下行较多，收益率曲线陡峭化。信用债中低资质表现更好，等级利差小幅压缩。  报告期内，本基金的投资操作相对稳健，保持了适中的杠杆水平、中低久期水平，同时积极寻找交易机会，在兼顾安全性、流动性和收益性的情况下，本基净值有所增长。","declarationDate":"2022-07-19T16:00:00.000Z","lastUpdated":"2026-03-09T13:21:27.763Z","mo":"展望下半年，疫情好转但经济修复空间有限，生产修复快于需求。需求端出口、基建和制造业较强，消费、地产投资仍然处于负区间，经济复苏进程仍有诸多困难。稳增长的诉求仍在，稳增长政策仍将持续，但政策定力较强，主要落点在已有政策的执行，并没有大规模增量政策。基本面对债券市场压力不大。货币政策方面，央行仍将维持流动性合理充裕，货币政策重点在实体经济融资，但宽松货币政策面临的约束增加。","fund":{"_id":3000000006097,"__csrcFundId":6238,"stockCode":"006097","shortName":"平安高等级债(006097)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":6097,"masterFundFlag":1,"lastUpdated":"2026-04-30T20:00:02.070Z","status":"normal","inceptionDate":"2019-05-28T16:00:00.000Z","name":"平安高等级债债券型证券投资基金","exchange":"jj","followedNum":0,"fundCollectionId":4000050640000,"currency":"CNY","masterFundShortName":"平安高等级债","pinyin":"pagdjzzqxzqtzjj","managers":[{"stockCode":"j101019908","stockType":"fund_manager","exchange":"fm","tickerId":122420248890,"name":"李晓天"},{"stockCode":"j101020803","stockType":"fund_manager","exchange":"fm","tickerId":132608264860,"name":"马众浩"}]},"announcement":{"linkText":"平安高等级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=782007","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec9577fea5b3eb048fe9d","date":"2022-03-30T16:00:00.000Z","stockId":3000000006097,"sao":"2022年以来，经济下行压力仍在，但稳增长诉求较强，稳增长政策陆续出台。货币政策较早发力，年初央行下调MLF利率，债券收益率明显下行。但随稳增长政策发力，债券收益率震荡上行。   具体看，2022年一季度，收益率先下后上，利率债中长端波动幅度不大，信用债上行幅度较多，信用利差回升。受益于资金面平稳，短端收益率下行，收益率曲线陡峭化。  报告期内，本基金的投资操作相对稳健，保持了适中的杠杆水平、中低久期水平，同时积极寻找交易机会，在兼顾安全性、流动性和收益性的情况下，本基净值有所增长。","declarationDate":"2022-04-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:21:27.760Z","fund":{"_id":3000000006097,"__csrcFundId":6238,"stockCode":"006097","shortName":"平安高等级债(006097)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":6097,"masterFundFlag":1,"lastUpdated":"2026-04-30T20:00:02.070Z","status":"normal","inceptionDate":"2019-05-28T16:00:00.000Z","name":"平安高等级债债券型证券投资基金","exchange":"jj","followedNum":0,"fundCollectionId":4000050640000,"currency":"CNY","masterFundShortName":"平安高等级债","pinyin":"pagdjzzqxzqtzjj","managers":[{"stockCode":"j101019908","stockType":"fund_manager","exchange":"fm","tickerId":122420248890,"name":"李晓天"},{"stockCode":"j101020803","stockType":"fund_manager","exchange":"fm","tickerId":132608264860,"name":"马众浩"}]},"announcement":{"linkText":"平安高等级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=723721","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec9577fea5b3eb048fe9c","date":"2021-12-30T16:00:00.000Z","stockId":3000000006097,"sao":"2021年初，疫情后刺激政策退出，信用见顶回落。但得益于出口高景气度，叠加年初经济基数低，一季度经济增长读数较高，债券收益率一度上行。在增长压力不大背景下，政策重心在利用窗口期去杠杆、防风险，财政纪律严明，财政节奏延后；房地产调控升温，融资端管理更加严格和规范，地方调控也逐步出台；双减政策严格，供给收缩，叠加疫情、天气等因素影响，生产回落。经济内生增长动能走弱，三季度回落明显，PMI连续2个月低于荣枯线，随后政策开始纠偏，供给约束改善，财政进度回补，地产融资政策逐步放松。  央行7月份前瞻性降准，并在四季度再次降准，基本面走弱及货币政策宽松，收益率下行。全年10Y国债和国开分别下行37BP、45BP，3Y以上下行幅度差异不大，1Y下行幅度略低，曲线小幅平坦化。    报告期内，本基金的投资操作相对稳健，保持了适中的杠杆水平，将久期控制在中等水平，同时积极寻找一二级市场错误定价的投资机会，在兼顾安全性、流动性和收益性的情况下，本基金净值有所增长。","declarationDate":"2022-01-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:21:27.758Z","mo":"展望2022年，当前经济内生增长动能仍弱，但稳增长诉求较强，政策倾向于提早发力，年初宽信用效果已有显现，市场预期有所改观，收益率底部回升。当前宽信用仍然是央行工作重点，预计货币政策仍在宽松通道，但海外通胀高企，主要经济体进入加息周期，对货币政策的制约尚需观察，后续观察信贷持续性、经济恢复情况及海外货币政策情况。","fund":{"_id":3000000006097,"__csrcFundId":6238,"stockCode":"006097","shortName":"平安高等级债(006097)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":6097,"masterFundFlag":1,"lastUpdated":"2026-04-30T20:00:02.070Z","status":"normal","inceptionDate":"2019-05-28T16:00:00.000Z","name":"平安高等级债债券型证券投资基金","exchange":"jj","followedNum":0,"fundCollectionId":4000050640000,"currency":"CNY","masterFundShortName":"平安高等级债","pinyin":"pagdjzzqxzqtzjj","managers":[{"stockCode":"j101019908","stockType":"fund_manager","exchange":"fm","tickerId":122420248890,"name":"李晓天"},{"stockCode":"j101020803","stockType":"fund_manager","exchange":"fm","tickerId":132608264860,"name":"马众浩"}]},"announcement":{"linkText":"平安高等级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=708517","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec9577fea5b3eb048fe9b","date":"2021-09-29T16:00:00.000Z","stockId":3000000006097,"sao":"2021年3季度，经济下行压力开始显现，前期支撑经济复苏的出口和房地产均有所弱化。尤其是房地产投资，在政策严控下，地产销售数据持续回落，地产融资收紧，房企债务压力增加。此外，三季度疫情反复、极端天气发生，对生产和消费均造成冲击。从两年平均增速来看，工业增加值连续四个月下滑，服务业生产指数连续三个月下滑。 政策表现出前瞻性，央行于7月初全面降准，并通过持续的公开市场操作，保持了流动性合理充裕。  具体到市场方面，收益率明显下行，7月央行降准改变了市场对货币政策预期，10年国债从3.1附近下行到2.9附近，之后处于震荡区间。具体来看，隔夜回购利率均值约为2.06%，7天回购利率均值约为2.25%，利率债长端下行20-30BP，中短端下行10-30BP。信用债高等级下行20BP左右，中低评级产业债下行幅度较小，城投债下行较多。   报告期内，本基金的投资操作相对稳健，保持了适中的杠杆水平、中低久期水平，同时积极寻找一二级市场错误定价的投资机会，在兼顾安全性、流动性和收益性的情况下，本基金净值所有增长。","declarationDate":"2021-10-25T16:00:00.000Z","lastUpdated":"2026-03-09T13:21:27.755Z","fund":{"_id":3000000006097,"__csrcFundId":6238,"stockCode":"006097","shortName":"平安高等级债(006097)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":6097,"masterFundFlag":1,"lastUpdated":"2026-04-30T20:00:02.070Z","status":"normal","inceptionDate":"2019-05-28T16:00:00.000Z","name":"平安高等级债债券型证券投资基金","exchange":"jj","followedNum":0,"fundCollectionId":4000050640000,"currency":"CNY","masterFundShortName":"平安高等级债","pinyin":"pagdjzzqxzqtzjj","managers":[{"stockCode":"j101019908","stockType":"fund_manager","exchange":"fm","tickerId":122420248890,"name":"李晓天"},{"stockCode":"j101020803","stockType":"fund_manager","exchange":"fm","tickerId":132608264860,"name":"马众浩"}]},"announcement":{"linkText":"平安高等级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=652396","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec9577fea5b3eb048fe9a","date":"2021-06-29T16:00:00.000Z","stockId":3000000006097,"sao":"2021年上半年，经济延续持续复苏的态势。海外经济修复的带动出口维持高位，成为支撑经济的重要力量。内需方面，消费持续修复，疫情局部反复对消费修复造成一定扰动，修复速度较慢，但整体仍在改善趋势中。投资方面，对冲政策逐步退出，基建投资仍在低位，但制造业投资延续修复，房地产投资尽管面对严厉政策约束，在竣工支撑下短期韧性仍强。价格方面，CPI温和回升，商品价格大幅上涨，带动PPI回升较快，但并未导致货币政策调整，货币政策整体维持不急转弯的基调，资金较为充裕。   具体到市场方面，2021年上半年，收益率先上后下，利率债长端波动幅度不大，短端在资金面预期变化影响下波动幅度更大。信用债表现优于利率债，信用利差收窄。具体来看，隔夜回购利率均值约为2.01%，7天回购利率均值约为2.31%，利率债长端下行5-10BP，中短端下行0-5BP。信用债高等级下行10BP左右，中低评级下行25-45BP,其中中等资质、中短期限下行幅度较大。     报告期内，本基金的投资操作相对稳健，保持了适中的杠杆和久期水平，在兼顾安全性、流动性和收益性的情况下，本基金净值所有增长。","declarationDate":"2021-07-19T16:00:00.000Z","lastUpdated":"2026-03-09T13:21:27.752Z","mo":"展望下半年，前期支撑经济的出口、地产边际走弱，制造业和消费恢复，但疫情局部反复，恢复节奏有所扰动。政策更关注周期性、结构性的风险，重心向稳增长倾斜，下半年基本面对债券市场更友好。但当前宏观政策更具前瞻性和跨周期视角，基本面的变化预计将较为平缓，货币政策更注重流动性量层面的充裕，价格并未变化，后续宽松的幅度和节奏仍有待观察。短期收益率下行到低位之后，也面临供给增加、海外流动性收缩等风险，预计收益率低位震荡概率更大。","fund":{"_id":3000000006097,"__csrcFundId":6238,"stockCode":"006097","shortName":"平安高等级债(006097)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":6097,"masterFundFlag":1,"lastUpdated":"2026-04-30T20:00:02.070Z","status":"normal","inceptionDate":"2019-05-28T16:00:00.000Z","name":"平安高等级债债券型证券投资基金","exchange":"jj","followedNum":0,"fundCollectionId":4000050640000,"currency":"CNY","masterFundShortName":"平安高等级债","pinyin":"pagdjzzqxzqtzjj","managers":[{"stockCode":"j101019908","stockType":"fund_manager","exchange":"fm","tickerId":122420248890,"name":"李晓天"},{"stockCode":"j101020803","stockType":"fund_manager","exchange":"fm","tickerId":132608264860,"name":"马众浩"}]},"announcement":{"linkText":"平安高等级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=628976","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec9577fea5b3eb048fe99","stockId":3000000006097,"sao":"2021年1季度，经济延续持续复苏的态势。海外疫情控制改善，经济修复的带动下，出口强劲。内需受年初疫情与就地过年影响恢复有所放缓，但随疫情控制，消费继续修复。对冲政策逐步退出，投资边际走弱。但制造业投资修复趋势未变，房地产投资尽管面对严厉政策约束，但销售热、竣工强，短期韧性仍强。价格方面，CPI维持低位，商品价格大幅上涨，带动PPI回升较快，但并未导致货币政策调整，货币政策整体维持不急转弯的基调，资金较为充裕，资金价格波动增大。 具体到市场方面，2021年1季度，收益率先上后下，利率债长端波动幅度不大，短端在资金面预期改变下上行10-20BP，曲线小幅走平。信用债表现优于利率债，信用利差收窄 。隔夜回购利率均值约为2.07%，7天回购利率均值约为2.43%。利率债超长短小幅下行，5-10Y国债上行3-5BP，国开上行8-10BP，1-3Y上行10-20BP。信用债下行10-30BP，其中中等资质、中短期限下行幅度较大。   报告期内，本基金的投资操作相对稳健，保持了适中的杠杆水平、中低久期水平，同时积极寻找一二级市场错误定价的投资机会，在兼顾安全性、流动性和收益性的情况下，本基金净值获得了相对良好的相对收益。","date":"2021-03-30T16:00:00.000Z","declarationDate":"2021-04-19T16:00:00.000Z","lastUpdated":"2026-03-09T13:21:27.750Z","fund":{"_id":3000000006097,"__csrcFundId":6238,"stockCode":"006097","shortName":"平安高等级债(006097)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":6097,"masterFundFlag":1,"lastUpdated":"2026-04-30T20:00:02.070Z","status":"normal","inceptionDate":"2019-05-28T16:00:00.000Z","name":"平安高等级债债券型证券投资基金","exchange":"jj","followedNum":0,"fundCollectionId":4000050640000,"currency":"CNY","masterFundShortName":"平安高等级债","pinyin":"pagdjzzqxzqtzjj","managers":[{"stockCode":"j101019908","stockType":"fund_manager","exchange":"fm","tickerId":122420248890,"name":"李晓天"},{"stockCode":"j101020803","stockType":"fund_manager","exchange":"fm","tickerId":132608264860,"name":"马众浩"}]}},{"_id":"69aec9577fea5b3eb048fe98","stockId":3000000006097,"sao":"回顾2020年，利率债走势先下后上：年初经济弱企稳的格局被疫情改变，经济负增长预期与超宽松货币环境，收益率单边下行，1年和10年国债收益率分别从年初2.42%、3.15%下行到4月末低点1.12%、2.48%。随着国内疫情有效控制，生产恢复，消费逐步复苏，叠加海外疫情对出口拉动，经济见底回升，货币政策回归正常化，债券收益率反弹，在基本面持续改善、货币政策回归常态、政府债供给高峰等因素影响下，收益率持续上行，直到11月信用事件后货币政策短期加大对防风险的考量，短端利率见顶，长端企稳。 1年和10年国债收益率年内低点最大回调幅度为185bp和87bp。 报告期内，本基金的投资操作相对稳健，保持了适中的杠杆水平，将久期控制在中等水平，同时积极寻找一二级市场错误定价的投资机会，在兼顾安全性、流动性和收益性的情况下，使得基金净值在报告期内保持了增长。","date":"2020-12-30T16:00:00.000Z","declarationDate":"2021-01-19T16:00:00.000Z","lastUpdated":"2026-03-09T13:21:27.747Z","mo":"展望2021年，经济仍处在复苏通道中，基数因素导致经济数据呈现前高后底的格局，但整体处在中国复苏深化、全球整体复苏的格局中。随着经济增长逐渐回归到潜在增速附近，宏观政策重心逐步由稳增长向兼顾防风险倾斜，货币政策将维持紧平衡的格局。短期来看，基本面和货币政策对债券市场仍有压力，预计收益率仍将维持震荡格局。","fund":{"_id":3000000006097,"__csrcFundId":6238,"stockCode":"006097","shortName":"平安高等级债(006097)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":6097,"masterFundFlag":1,"lastUpdated":"2026-04-30T20:00:02.070Z","status":"normal","inceptionDate":"2019-05-28T16:00:00.000Z","name":"平安高等级债债券型证券投资基金","exchange":"jj","followedNum":0,"fundCollectionId":4000050640000,"currency":"CNY","masterFundShortName":"平安高等级债","pinyin":"pagdjzzqxzqtzjj","managers":[{"stockCode":"j101019908","stockType":"fund_manager","exchange":"fm","tickerId":122420248890,"name":"李晓天"},{"stockCode":"j101020803","stockType":"fund_manager","exchange":"fm","tickerId":132608264860,"name":"马众浩"}]},"announcement":{"linkText":"平安高等级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=551781","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec9577fea5b3eb048fe97","stockId":3000000006097,"sao":"2020年3季度，经济延续修复，生产继续维持较高的景气度，需求方面，固定资产投资回升到去年同期水平附近，其中房地产投资保持了较强的韧性，基建、制造业投资也持续改善，8月环比已高于历史同期均值。消费持续恢复，8月份社零同比增速已经转正。海外经济修复带动出口增速维持扩张态势。价格方面，CPI维持低位，PPI仍未转正。伴随经济修复，货币政策回归常态，银行间流动性充裕，但资金价格回归到政策利率附近，资金价格波动增加。   具体到市场方面，2020年3季度，收益率持续上行，其中短端上行幅度高于长端，收益率曲线熊平。利率债上行幅度高于信用债，信用利差被动压缩。隔夜回购利率均值约为1.89%，7天回购利率均值约为2.34%，较上季度上行50-60BPs。利率债中长端上行30-60BPs,短端上行50-70BPs，国开相比国债上行幅度更高。信用债上行20-70BPs，中高等级、中短期限上行幅度较大。长期限上行25BPS左右，中短端上行50BPS左右。    报告期内，本基金的投资操作相对稳健，保持了适中的杠杆水平、中低久期水平，同时积极寻找一二级市场错误定价的投资机会，在兼顾安全性、流动性和收益性的情况下，本基金净值获得了相对良好的相对收益。","date":"2020-09-29T16:00:00.000Z","declarationDate":"2020-10-25T16:00:00.000Z","lastUpdated":"2026-03-09T13:21:27.744Z","fund":{"_id":3000000006097,"__csrcFundId":6238,"stockCode":"006097","shortName":"平安高等级债(006097)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":6097,"masterFundFlag":1,"lastUpdated":"2026-04-30T20:00:02.070Z","status":"normal","inceptionDate":"2019-05-28T16:00:00.000Z","name":"平安高等级债债券型证券投资基金","exchange":"jj","followedNum":0,"fundCollectionId":4000050640000,"currency":"CNY","masterFundShortName":"平安高等级债","pinyin":"pagdjzzqxzqtzjj","managers":[{"stockCode":"j101019908","stockType":"fund_manager","exchange":"fm","tickerId":122420248890,"name":"李晓天"},{"stockCode":"j101020803","stockType":"fund_manager","exchange":"fm","tickerId":132608264860,"name":"马众浩"}]},"announcement":{"linkText":"平安高等级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=486498","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec9577fea5b3eb048fe96","stockId":3000000006097,"sao":"一季度国内、国际疫情的先后爆发，引发经济基本面的巨大冲击，同时货币政策也开启宽松的救急模式，再次背景下债券收益率持续下行。  二季度随着国内疫情的逐步控制，复工复产也在积极的持续推进，经济基本面开始从一季度的大坑中缓慢爬坡，央行也从疫情爆发期间的“救急模式”边际转向，专项债等财政政策也开始逐步发力，由此二季度债市收益率整体呈现先下后上的格局。报告期内，本基金操作灵活，主要配置高等级信用债，同时参与了利率债的波段操作。","date":"2020-06-29T16:00:00.000Z","declarationDate":"2020-07-19T16:00:00.000Z","lastUpdated":"2026-03-09T13:21:27.741Z","mo":"展望下半年，复工复产在持续推进中，未来经济大概率呈现季度层面环比改善的状况，对应利率债中枢水平可能会有所抬升。而货币政策方面，在经济依然面临较大压力和困难的背景下，暂时看不到收紧的可能，但是也难以回到疫情期时的宽松程度。由此债券市场三季度大概率呈现一个震荡的局面，随后随着经济基本面的逐步企稳，宽松的货币政策可能也会逐步退出，债市收益率可能会迎来震荡上行的阶段。","fund":{"_id":3000000006097,"__csrcFundId":6238,"stockCode":"006097","shortName":"平安高等级债(006097)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":6097,"masterFundFlag":1,"lastUpdated":"2026-04-30T20:00:02.070Z","status":"normal","inceptionDate":"2019-05-28T16:00:00.000Z","name":"平安高等级债债券型证券投资基金","exchange":"jj","followedNum":0,"fundCollectionId":4000050640000,"currency":"CNY","masterFundShortName":"平安高等级债","pinyin":"pagdjzzqxzqtzjj","managers":[{"stockCode":"j101019908","stockType":"fund_manager","exchange":"fm","tickerId":122420248890,"name":"李晓天"},{"stockCode":"j101020803","stockType":"fund_manager","exchange":"fm","tickerId":132608264860,"name":"马众浩"}]},"announcement":{"linkText":"平安高等级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=450161","linkType":"PDF","source":"csrc_pdf"}}]}