window.pageData = {"stock":{"_id":3000000008593,"areaCode":"cn","stockType":"fund","stockCode":"008593","tickerId":8593,"fundSecondLevel":"company","status":"normal","exchange":"jj","name":"天弘沪深300指数增强型发起式证券投资基金","shortName":"天弘沪深300指数增强发起C","custody":"中信建投证券股份有限公司","fundType":"stock","ipoDate":"2019-12-24T16:00:00.000Z","setUpScale":10715800,"fundStatus":"normal","indexFundFlag":1,"market":"a","inceptionDate":"2019-12-26T16:00:00.000Z","followedNum":27,"fundCollectionId":4000050430000,"currency":"CNY","setUpDate":"2019-12-26T16:00:00.000Z","masterFundFlag":null,"activeFundFlag":null,"classificationFlag":null,"closedEnd":null,"etfFundFlag":null,"feederFundFlag":null,"lofFundFlag":null,"pensionTargetFlag":null,"pinyin":"thhs300zszqxfqszqtzjj","indexId":1000000000300,"index":{"stockCode":"000300","stockType":"index","exchange":"sh","areaCode":"cn","tickerId":300,"name":"沪深300","rebalancingFrequency":"semi-annually"},"fundCollection":{"exchange":"jjgs","stockType":"fund_collection","stockCode":"50430000","tickerId":50430000,"name":"天弘基金管理有限公司"},"managers":[{"name":"杨超","stockType":"fund_manager","stockCode":"db20295018","exchange":"fm","tickerId":2503140530}],"hotMetrics":{"fss":{"stockId":3000000008593,"type":"fss","f_s_s_d":"2024-06-29T16:00:00.000Z","f_ins_h_s_r":0.0728,"f_ind_h_s_r":0.9272,"f_h_a":77670,"f_h_s_a":8067,"f_ind_h_s_r_c_1y":0.2954,"f_ind_h_s_r_c_hy":0.09090000000000009,"f_ins_h_s_r_c_1y":-0.2954,"f_ins_h_s_r_c_hy":-0.09090000000000001,"last_data_date":"2025-06-29T16:00:00.000Z"},"fpr":{"stockId":3000000008593,"type":"fpr","f_p_r_fys_ssc":5560,"f_p_r_fys_ssrp":0.4322719913653535,"f_p_r_m1_ssc":5867,"f_p_r_m1_ssrp":0.299181725196045,"f_p_r_m3_ssc":5697,"f_p_r_m3_ssrp":0.3188202247191011,"f_p_r_m6_ssc":5463,"f_p_r_m6_ssrp":0.4604540461369462,"f_p_r_y1_ssc":4697,"f_p_r_y1_ssrp":0.537052810902896,"f_p_r_y2_ssc":3569,"f_p_r_y2_ssrp":0.5580156950672646,"f_p_r_y3_ssc":2912,"f_p_r_y3_ssrp":0.4417725867399519,"f_p_r_y5_ssc":1791,"f_p_r_y5_ssrp":0.5731843575418994,"f_cagr_p_r_fs_ssc":5966,"f_cagr_p_r_fs_ssrp":0.5413243922883487},"fp":{"stockId":3000000008593,"type":"fp","f_p_r_fys":0.06799999999999895,"f_p_r_m1":0.011297590282766112,"f_p_r_m3":0.048263724362010985,"f_p_r_m6":0.08384658454647131,"f_p_r_y1":0.27846115743415933,"f_p_r_y3":0.3542632269348467,"f_cagr_p_r_fs":0.0702610835923827,"f_p_r_d1":-0.004262644479055777,"f_p_r_y2":0.38838084991930844,"f_cagr_p_r_fs_sic":244,"f_cagr_p_r_fs_sirp":0.4279835390946502,"f_p_r_fys_sic":235,"f_p_r_fys_sirp":0.782051282051282,"f_p_r_m1_sic":241,"f_p_r_m1_sirp":0.325,"f_p_r_m3_sic":215,"f_p_r_m3_sirp":0.5700934579439252,"f_p_r_m6_sic":199,"f_p_r_m6_sirp":0.797979797979798,"f_p_r_y1_sic":192,"f_p_r_y1_sirp":0.8586387434554974,"f_p_r_y2_sic":182,"f_p_r_y2_sirp":0.6243093922651933,"f_p_r_y3_sic":160,"f_p_r_y3_sirp":0.6918238993710691,"f_p_r_y5":0.02972272092559458,"f_p_r_y5_sic":126,"f_p_r_y5_sirp":0.328,"last_data_date":"2026-06-04T16:00:00.000Z"},"ff":{"stockId":3000000008593,"type":"ff","f_m_f":6030404,"f_m_f_r":0.006,"f_c_f":1005067,"f_c_f_r":0.001,"f_m_a_c_f":7035471,"f_m_a_c_f_r":0.007,"f_m_c_f_d":"2024-11-03T16:00:00.000Z","f_c_fr":0.001,"f_fr_d":"2025-06-26T16:00:00.000Z","f_m_fr":0.006,"f_mac_fr":0.007},"f_nlacan":{"stockId":3000000008593,"type":"f_nlacan","f_nv_d":"2026-06-04T16:00:00.000Z","f_nv":1.5486,"f_nv_cr":-0.018382352941176405},"f_as":{"stockId":3000000008593,"type":"f_as","f_tas":296888888.8176,"f_tas_d":"2026-03-30T16:00:00.000Z"}},"masterSlaveFunds":[{"_id":3000000008592,"areaCode":"cn","stockType":"fund","stockCode":"008592","tickerId":8592,"fundSecondLevel":"company","status":"normal","exchange":"jj","name":"天弘沪深300指数增强型发起式证券投资基金","shortName":"天弘沪深300指数增强发起(008592)","custody":"中信建投证券股份有限公司","fundType":"stock","ipoDate":"2019-12-24T16:00:00.000Z","setUpScale":10715800,"__csrcFundId":7029,"fundStatus":"normal","lastUpdated":"2026-06-05T17:13:06.710Z","market":"a","masterFundFlag":1,"inceptionDate":"2019-12-26T16:00:00.000Z","followedNum":104,"fundCollectionId":4000050430000,"currency":"CNY","masterFundShortName":"天弘沪深300指数增强发起","setUpDate":"2019-12-26T16:00:00.000Z","memoNum":2,"pinyin":"thhs300zszqxfqszqtzjj","__indexSourceEastMoney":1,"__indexSourceCsi":1,"indexFundFlag":1,"indexId":1000000000300},{"_id":3000000022543,"name":"天弘沪深300指数增强型发起式证券投资基金","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","status":"normal","indexFundFlag":1,"stockCode":"022543","tickerId":22543,"shortName":"天弘沪深300指数增强发起E","currency":"CNY","__csrcFundId":7029,"exchange":"jj","masterFundFlag":null,"activeFundFlag":null,"etfFundFlag":null,"lofFundFlag":null,"pensionTargetFlag":null,"feederFundFlag":null,"classificationFlag":null,"closedEnd":null,"lastUpdated":"2025-01-04T00:32:34.023Z","inceptionDate":"2024-11-03T16:00:00.000Z","pinyin":"thhs300zszqxfqszqtzjj","fundCollectionId":4000050430000},{"_id":3000000022940,"name":"天弘沪深300指数增强型发起式证券投资基金","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","status":"normal","indexFundFlag":1,"stockCode":"022940","tickerId":22940,"shortName":"天弘沪深300指数增强发起Y","currency":"CNY","__csrcFundId":7029,"exchange":"jj","masterFundFlag":null,"activeFundFlag":null,"etfFundFlag":null,"lofFundFlag":null,"pensionTargetFlag":null,"feederFundFlag":null,"classificationFlag":null,"closedEnd":null,"lastUpdated":"2026-06-05T17:10:19.124Z","inceptionDate":"2024-12-12T16:00:00.000Z","pinyin":"thhs300zszqxfqszqtzjj","followedNum":6,"fundCollectionId":4000050430000,"__indexSourceEastMoney":1,"indexId":1000000000300}],"shareholdings":[{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000008592,"stockId":600519,"holdings":31810,"marketCap":46124500,"netValueRatio":0.0404,"quarterlyChange":0.052876167240301974,"stock":{"stockCode":"600519","exchange":"sh","stockType":"company","tickerId":600519,"name":"贵州茅台"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000008592,"stockId":300750,"holdings":105946,"marketCap":42558508,"netValueRatio":0.0373,"quarterlyChange":0.09377552687469404,"stock":{"stockCode":"300750","exchange":"sz","stockType":"company","tickerId":300750,"name":"宁德时代"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000008592,"stockId":601318,"holdings":521000,"marketCap":29582380,"netValueRatio":0.0259,"quarterlyChange":-0.1698830409356732,"stock":{"stockCode":"601318","exchange":"sh","stockType":"company","tickerId":601318,"name":"中国平安"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000008592,"stockId":600036,"holdings":735160,"marketCap":28906491,"netValueRatio":0.0253,"quarterlyChange":-0.042075079592597375,"stock":{"stockCode":"600036","exchange":"sh","stockType":"company","tickerId":600036,"name":"招商银行"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000008592,"stockId":300502,"holdings":62000,"marketCap":27456080,"netValueRatio":0.0241,"quarterlyChange":0.027757148161901002,"stock":{"stockCode":"300502","exchange":"sz","stockType":"company","tickerId":300502,"name":"新易盛"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000008592,"stockId":333,"holdings":318463,"marketCap":24314650,"netValueRatio":0.0213,"quarterlyChange":-0.023032629558541684,"stock":{"stockCode":"000333","exchange":"sz","stockType":"company","tickerId":333,"name":"美的集团"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000008592,"stockId":300308,"holdings":40300,"marketCap":22947223,"netValueRatio":0.0201,"quarterlyChange":-0.06654098360655702,"stock":{"stockCode":"300308","exchange":"sz","stockType":"company","tickerId":300308,"name":"中际旭创"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000008592,"stockId":601166,"holdings":1150400,"marketCap":21650528,"netValueRatio":0.019,"quarterlyChange":-0.07953466286799638,"stock":{"stockCode":"601166","exchange":"sh","stockType":"company","tickerId":601166,"name":"兴业银行"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000008592,"stockId":601899,"holdings":650500,"marketCap":21284360,"netValueRatio":0.0187,"quarterlyChange":-0.05076878445024502,"stock":{"stockCode":"601899","exchange":"sh","stockType":"company","tickerId":601899,"name":"紫金矿业"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000008592,"stockId":2475,"holdings":385222,"marketCap":18976035,"netValueRatio":0.0166,"quarterlyChange":-0.12865179318957487,"stock":{"stockCode":"002475","exchange":"sz","stockType":"company","tickerId":2475,"name":"立讯精密"}}],"bondHoldings":[{"_id":"69e8f9ce1398d7984300145a","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000008592,"stockCode":"019785","stockName":"25国债13","holdings":70000,"marketCap":7066567,"netValueRatio":0.0062,"lastUpdated":"2026-04-22T16:39:42.511Z"},{"_id":"69e8f9ce1398d7984300145b","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000008592,"stockCode":"019705","stockName":"23国债12","holdings":24000,"marketCap":2589096,"netValueRatio":0.0023,"lastUpdated":"2026-04-22T16:39:42.515Z"},{"_id":"69e8f9ce1398d7984300145c","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000008592,"stockCode":"019773","stockName":"25国债08","holdings":3000,"marketCap":303982,"netValueRatio":0.0003,"lastUpdated":"2026-04-22T16:39:42.518Z"}]},"list":[{"_id":"69e8eb071398d79843fe8e0c","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","stockId":3000000008592,"sao":"报告期内，市场震荡调整，结构上有所分化。具体来说，根据万得数据统计（以价格指数计算，未考虑指数样本股分红收益）：中证全指下跌1.30%，沪深300下跌3.89%，中证A500下跌2.06%，中证500上涨2.03%，创业板指下跌0.57%，中证1000上涨0.32%。报告期内，基金以基准指数为投资基础，通过选股模型围绕基准进行持续优化，力争在基准的行业分布内精选基本面更为优质的标的，并在结构化风险模型和优化器的辅助下构建收益风险比更具优势的投资组合。受益于上述策略的有效性，基金在报告期内取得了一定程度的超额收益。投资策略方面，本基金作为股票型指数增强基金，在对基准指数进行有效跟踪的基础上，通过对市场结构及公司基本面的持续跟踪分析，利用量化选股模型及优化策略积极抽样组合，力争在控制跟踪误差的同时为投资者提供高于业绩比较基准的投资收益。","lastUpdated":"2026-04-22T15:36:39.626Z","fund":{"_id":3000000008592,"areaCode":"cn","stockType":"fund","stockCode":"008592","tickerId":8592,"fundSecondLevel":"company","status":"normal","exchange":"jj","name":"天弘沪深300指数增强型发起式证券投资基金","shortName":"天弘沪深300指数增强发起(008592)","custody":"中信建投证券股份有限公司","fundType":"stock","ipoDate":"2019-12-24T16:00:00.000Z","setUpScale":10715800,"__csrcFundId":7029,"fundStatus":"normal","lastUpdated":"2026-06-05T17:13:06.710Z","market":"a","masterFundFlag":1,"inceptionDate":"2019-12-26T16:00:00.000Z","followedNum":104,"fundCollectionId":4000050430000,"currency":"CNY","masterFundShortName":"天弘沪深300指数增强发起","setUpDate":"2019-12-26T16:00:00.000Z","memoNum":2,"pinyin":"thhs300zszqxfqszqtzjj","__indexSourceEastMoney":1,"__indexSourceCsi":1,"indexFundFlag":1,"indexId":1000000000300,"managers":[{"stockCode":"db20295018","stockType":"fund_manager","exchange":"fm","tickerId":2503140530,"name":"杨超"}]},"announcement":{"linkText":"天弘沪深300指数增强型发起式证券投资基金2026年第一季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1472542","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecbd07fea5b3eb04bc67f","date":"2025-12-30T16:00:00.000Z","declarationDate":"2026-01-21T16:00:00.000Z","stockId":3000000008592,"sao":"报告期内，市场整体呈震荡走势，结构上有所分化。具体来说，根据万得数据统计：中证全指上涨0.74%，沪深300下跌0.23%，中证A500上涨0.43%，中证500上涨0.72%，创业板指下跌1.08%，中证1000上涨0.27%。报告期内，基金以基准指数为投资基础，通过选股模型围绕基准进行持续优化，力争在基准的行业分布内精选基本面更为优质的标的，并在结构化风险模型和优化器的辅助下构建收益风险比更具优势的投资组合。受益于上述策略的有效性，基金在报告期内取得了一定程度的超额收益。投资策略方面，本基金作为股票型指数增强基金，在对基准指数进行有效跟踪的基础上，通过对市场结构及公司基本面的持续跟踪分析，利用量化选股模型及优化策略积极抽样组合，力争在控制跟踪误差的同时为投资者提供高于业绩比较基准的投资收益。","lastUpdated":"2026-03-09T13:32:00.311Z","fund":{"_id":3000000008592,"areaCode":"cn","stockType":"fund","stockCode":"008592","tickerId":8592,"fundSecondLevel":"company","status":"normal","exchange":"jj","name":"天弘沪深300指数增强型发起式证券投资基金","shortName":"天弘沪深300指数增强发起(008592)","custody":"中信建投证券股份有限公司","fundType":"stock","ipoDate":"2019-12-24T16:00:00.000Z","setUpScale":10715800,"__csrcFundId":7029,"fundStatus":"normal","lastUpdated":"2026-06-05T17:13:06.710Z","market":"a","masterFundFlag":1,"inceptionDate":"2019-12-26T16:00:00.000Z","followedNum":104,"fundCollectionId":4000050430000,"currency":"CNY","masterFundShortName":"天弘沪深300指数增强发起","setUpDate":"2019-12-26T16:00:00.000Z","memoNum":2,"pinyin":"thhs300zszqxfqszqtzjj","__indexSourceEastMoney":1,"__indexSourceCsi":1,"indexFundFlag":1,"indexId":1000000000300,"managers":[{"stockCode":"db20295018","stockType":"fund_manager","exchange":"fm","tickerId":2503140530,"name":"杨超"}]},"announcement":{"linkText":"天弘沪深300指数增强型发起式证券投资基金2025年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1455203","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecbd07fea5b3eb04bc67e","date":"2025-09-29T16:00:00.000Z","declarationDate":"2025-10-27T16:00:00.000Z","stockId":3000000008592,"sao":"报告期内，市场呈上行趋势并录得较大涨幅，其中科技板块及成长风格的涨幅尤其突出。具体来说，根据万得数据统计：中证全指上涨18.59%，沪深300上涨17.90%，中证500上涨25.31%，创业板指上涨50.40%，中证1000上涨19.17%。报告期内，基金以基准指数为投资基础，通过选股模型围绕基准进行持续优化，力争在基准的行业分布内精选基本面更为优质的标的，并在结构化风险模型和优化器的辅助下构建收益风险比更具优势的投资组合。受益于上述策略的有效性，基金在报告期内取得了一定程度的超额收益。投资策略方面，本基金作为股票型指数增强基金，在对基准指数进行有效跟踪的基础上，通过对市场结构及公司基本面的持续跟踪分析，利用量化选股模型及优化策略积极抽样组合，力争在控制跟踪误差的同时为投资者提供高于业绩比较基准的投资收益。","lastUpdated":"2026-03-09T13:32:00.308Z","fund":{"_id":3000000008592,"areaCode":"cn","stockType":"fund","stockCode":"008592","tickerId":8592,"fundSecondLevel":"company","status":"normal","exchange":"jj","name":"天弘沪深300指数增强型发起式证券投资基金","shortName":"天弘沪深300指数增强发起(008592)","custody":"中信建投证券股份有限公司","fundType":"stock","ipoDate":"2019-12-24T16:00:00.000Z","setUpScale":10715800,"__csrcFundId":7029,"fundStatus":"normal","lastUpdated":"2026-06-05T17:13:06.710Z","market":"a","masterFundFlag":1,"inceptionDate":"2019-12-26T16:00:00.000Z","followedNum":104,"fundCollectionId":4000050430000,"currency":"CNY","masterFundShortName":"天弘沪深300指数增强发起","setUpDate":"2019-12-26T16:00:00.000Z","memoNum":2,"pinyin":"thhs300zszqxfqszqtzjj","__indexSourceEastMoney":1,"__indexSourceCsi":1,"indexFundFlag":1,"indexId":1000000000300,"managers":[{"stockCode":"db20295018","stockType":"fund_manager","exchange":"fm","tickerId":2503140530,"name":"杨超"}]},"announcement":{"linkText":"天弘沪深300指数增强型发起式证券投资基金2025年第三季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1373763","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecbd07fea5b3eb04bc67d","date":"2025-06-29T16:00:00.000Z","stockId":3000000008592,"sao":"报告期内，市场整体震荡上行，并在结构上有所分化。具体来说，根据万得数据统计：中证全指上涨4.28%，沪深300上涨0.03%，中证500上涨3.31%，创业板指上涨0.53%，中证1000上涨6.69%。报告期内，基金以基准指数为投资基础，通过选股模型围绕基准进行持续优化，力争在基准的行业分布内精选基本面更为优质的标的，并在结构化风险模型和优化器的辅助下构建收益风险比更具优势的投资组合。受益于上述策略的有效性，基金在报告期内取得了一定程度的超额收益。投资策略方面，本基金作为股票型指数增强基金，在对基准指数进行有效跟踪的基础上，通过对市场结构及公司基本面的持续跟踪分析，利用量化选股模型及优化策略积极抽样组合，力争在控制跟踪误差的同时为投资者提供高于业绩比较基准的投资收益。","declarationDate":"2025-07-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:32:00.305Z","mo":"展望2025年下半年，外部环境仍较为复杂，全球经济复苏动能偏弱，地缘政治和贸易格局充满不确定性；国内则面临内需恢复斜率偏缓、部分行业产能出清压力仍存等结构性挑战。然而，积极因素亦在积累：政策端持续发力，财政支持聚焦关键领域，货币环境保持合理宽松，政策工具组合更加多元协调，为实体经济提供了有力支撑；科技领域亮点频现，人工智能持续快速演进，相关应用不断落地，国产替代进程稳步推进；中国装备在国际市场上屡获突破，彰显出中国制造体系化能力的持续跃升，为中国资产的中长期重估奠定了深层基础。因此，尽管短期内摩擦与不确定性依然存在，但中国经济的韧性正不断增强，增长潜力也在逐步释放。证券市场方面，我们对2025年下半年的A股市场持相对乐观态度：一方面，从估值和股息率等维度来看，价值板块在当前的大类资产配置中具备较强吸引力，尤其在无风险收益率下行的背景下，有望获得更多增量资金的青睐，这一底层逻辑将在较长周期内持续奏效；另一方面，成长板块尽管已出现一定结构性上涨，但仍将持续受益于高端制造业全球竞争力的提升以及国内人工智能领域的技术突破。随着市场风险偏好逐步修复，相关领域仍存在系统性估值提升的空间。 总体而言，我们认为当前权益市场的收益风险比依然占优，具备中长期配置价值。当然也应认识到，无论是宽基指数还是细分行业指数，其未来走势在幅度、节奏和时间窗口上的预测始终面临不确定性。在这样的环境下，建立一套基于概率思维的投资框架，通常比押注式策略更具韧性，也更可能带来良好的投资体验。因此，我们鼓励投资者在基金配置中采取长期视角，注重业绩与估值的匹配关系及收益风险比，同时在投资时点与品种选择上保持适度分散，从而更有效地对冲不确定性，力争稳健积累长期收益，并充分发挥复利效应。","fund":{"_id":3000000008592,"areaCode":"cn","stockType":"fund","stockCode":"008592","tickerId":8592,"fundSecondLevel":"company","status":"normal","exchange":"jj","name":"天弘沪深300指数增强型发起式证券投资基金","shortName":"天弘沪深300指数增强发起(008592)","custody":"中信建投证券股份有限公司","fundType":"stock","ipoDate":"2019-12-24T16:00:00.000Z","setUpScale":10715800,"__csrcFundId":7029,"fundStatus":"normal","lastUpdated":"2026-06-05T17:13:06.710Z","market":"a","masterFundFlag":1,"inceptionDate":"2019-12-26T16:00:00.000Z","followedNum":104,"fundCollectionId":4000050430000,"currency":"CNY","masterFundShortName":"天弘沪深300指数增强发起","setUpDate":"2019-12-26T16:00:00.000Z","memoNum":2,"pinyin":"thhs300zszqxfqszqtzjj","__indexSourceEastMoney":1,"__indexSourceCsi":1,"indexFundFlag":1,"indexId":1000000000300,"managers":[{"stockCode":"db20295018","stockType":"fund_manager","exchange":"fm","tickerId":2503140530,"name":"杨超"}]},"announcement":{"linkText":"天弘沪深300指数增强型发起式证券投资基金2025年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1340626","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecbd07fea5b3eb04bc67c","date":"2025-03-30T16:00:00.000Z","stockId":3000000008592,"sao":"报告期内，市场以结构性行情为主，走势出现了一定分化。具体来说，根据万得数据统计：中证全指上涨1.60%，沪深300下跌1.21%，中证500上涨2.31%，创业板指下跌1.77%，中证1000上涨4.51%。报告期内，基金以基准指数为投资基础，通过选股模型围绕基准进行持续优化，力争在基准的行业分布内精选基本面更为优质的标的，并在结构化风险模型和优化器的辅助下构建收益风险比更具优势的投资组合。受益于上述策略的有效性，基金在报告期内取得了一定程度的超额收益。投资策略方面，本基金作为股票型指数增强基金，在对基准指数进行有效跟踪的基础上，通过对市场结构及公司基本面的持续跟踪分析，利用量化选股模型及优化策略积极抽样组合，力争在控制跟踪误差的同时为投资者提供高于业绩比较基准的投资收益。","declarationDate":"2025-04-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:32:00.303Z","fund":{"_id":3000000008592,"areaCode":"cn","stockType":"fund","stockCode":"008592","tickerId":8592,"fundSecondLevel":"company","status":"normal","exchange":"jj","name":"天弘沪深300指数增强型发起式证券投资基金","shortName":"天弘沪深300指数增强发起(008592)","custody":"中信建投证券股份有限公司","fundType":"stock","ipoDate":"2019-12-24T16:00:00.000Z","setUpScale":10715800,"__csrcFundId":7029,"fundStatus":"normal","lastUpdated":"2026-06-05T17:13:06.710Z","market":"a","masterFundFlag":1,"inceptionDate":"2019-12-26T16:00:00.000Z","followedNum":104,"fundCollectionId":4000050430000,"currency":"CNY","masterFundShortName":"天弘沪深300指数增强发起","setUpDate":"2019-12-26T16:00:00.000Z","memoNum":2,"pinyin":"thhs300zszqxfqszqtzjj","__indexSourceEastMoney":1,"__indexSourceCsi":1,"indexFundFlag":1,"indexId":1000000000300,"managers":[{"stockCode":"db20295018","stockType":"fund_manager","exchange":"fm","tickerId":2503140530,"name":"杨超"}]},"announcement":{"linkText":"天弘沪深300指数增强型发起式证券投资基金2025年第一季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1269941","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecbd07fea5b3eb04bc67b","date":"2024-12-30T16:00:00.000Z","stockId":3000000008592,"sao":"报告期内，市场整体企稳回升，全年来看，多数宽基指数取得了正收益，但市场在风格及结构上体现出了一定的分化。具体来说，根据万得数据统计：中证全指上涨7.43%，沪深300上涨14.68%，中证500上涨5.46%，创业板指上涨13.23%，中证1000上涨1.20%。报告期内，基金以基准指数为投资基础，通过选股模型围绕基准进行持续优化，力争在基准的行业分布内精选基本面更为优质的标的，并在结构化风险模型和优化器的辅助下构建收益风险比更具优势的投资组合。投资策略方面，本基金作为股票型指数增强基金，在对基准指数进行有效跟踪的基础上，通过对市场结构及公司基本面的持续跟踪分析，利用量化选股模型及优化策略积极抽样组合，力争在控制跟踪误差的同时为投资者提供高于业绩比较基准的投资收益。","declarationDate":"2025-01-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:32:00.300Z","mo":"展望2025年，尽管宏观经济仍然面临居民有效需求不足、部分行业经营压力增大等挑战，但在政策持续发力与结构性调整不断深化的背景下，有望迎来拐点并呈现积极变化。政策层面：财政政策或将更加积极，赤字率的提升及超长期特别国债的发行将为经济运行提供有力支撑；货币政策有望保持宽松，降准降息仍有一定空间，各类创新工具的运用也将为金融市场提供必要的流动性保障，并增强实体经济活力。经济结构调整层面：传统行业在市场出清的过程中进一步磨底，而高端制造业凭借规模效应的积累和技术迭代的加速，有望持续扩大全球竞争优势。同时，人工智能技术在取得“从零到一”的突破后，产业应用进程将加快，算力的普及和算法的优化将不断降低大模型的使用门槛，持续催生可落地的应用场景。科技赋能的深化不仅将推动经济结构优化，还可能孕育出若干具有长期增长潜力的重要投资机会。证券市场方面，我们对2025年的A股市场持相对乐观态度，并认为市场的积极因素仍在逐步积累：一方面，价值板块从估值、股息率等角度衡量，在大类资产中已具备较好的配置优势，特别是在无风险收益率下行的过程中有望吸引增量配置资金；另一方面，成长板块将持续受益于高端制造业全球竞争力的提升以及国内人工智能领域的科技突破，在风险偏好修复的过程中可能实现系统性的估值提升。此外，金融政策的支持以及创新型流动性工具的应用，也将为市场注入新的活力。总体而言，我们认为当前权益市场的收益风险比占优，具备中长期持有价值。当然，我们也应认识到，无论是宽基指数还是细分行业指数，准确预测其变化的幅度、速率以及时间窗口始终存在较大挑战，面对市场的不确定性，一套以概率思维为指导的投资框架和应对方法，往往比依赖单一结果的押注式预测更加有效，也更有可能带来良好的投资体验。因此，我们鼓励投资者一方面以更长期的视角进行基金配置，更多考虑业绩与估值的匹配程度以及收益风险比，同时另一方面在投资时机以及投资品种上进行适度分散化，以更好的对冲风险，力争实现收益的长期积累，并更充分的发挥复利效应。","fund":{"_id":3000000008592,"areaCode":"cn","stockType":"fund","stockCode":"008592","tickerId":8592,"fundSecondLevel":"company","status":"normal","exchange":"jj","name":"天弘沪深300指数增强型发起式证券投资基金","shortName":"天弘沪深300指数增强发起(008592)","custody":"中信建投证券股份有限公司","fundType":"stock","ipoDate":"2019-12-24T16:00:00.000Z","setUpScale":10715800,"__csrcFundId":7029,"fundStatus":"normal","lastUpdated":"2026-06-05T17:13:06.710Z","market":"a","masterFundFlag":1,"inceptionDate":"2019-12-26T16:00:00.000Z","followedNum":104,"fundCollectionId":4000050430000,"currency":"CNY","masterFundShortName":"天弘沪深300指数增强发起","setUpDate":"2019-12-26T16:00:00.000Z","memoNum":2,"pinyin":"thhs300zszqxfqszqtzjj","__indexSourceEastMoney":1,"__indexSourceCsi":1,"indexFundFlag":1,"indexId":1000000000300,"managers":[{"stockCode":"db20295018","stockType":"fund_manager","exchange":"fm","tickerId":2503140530,"name":"杨超"}]},"announcement":{"linkText":"天弘沪深300指数增强型发起式证券投资基金2024年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1252196","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecbd07fea5b3eb04bc67a","date":"2024-09-29T16:00:00.000Z","stockId":3000000008592,"sao":"报告期内，市场在经历了前期震荡下行的调整阶段后，于九月底迎来大幅上涨，在普涨的同时，结构上亦有所分化。具体来说：中证全指上涨16.51%，沪深300上涨16.07%，中证500上涨16.19%，创业板指上涨29.21%，中证1000上涨16.60%。报告期内，基金以基准指数为投资基础，通过选股模型围绕基准进行持续优化，力争在基准的行业分布内精选基本面更为优质的标的，并在结构化风险模型和优化器的辅助下构建收益风险比更具优势的投资组合。报告期内基金的超额收益出现了小幅回撤。指数增强策略并非无风险策略，而是通过对风险因子更加细致的计算和把控以及对中长期有效的选股因子的正向暴露从而力争在较长的时间维度内以更大概率实现超额收益，但是在中短期的时间维度内，策略效果仍可能出现一定的波动及反复，这是概率特征及风险本身的不确定性所决定的。因此，我们亦鼓励投资人以更长的持有期配置指数增强基金，这有利于策略效果的长期积累并能够更好的发挥复利效应。同时，我们也将不断迭代模型并丰富策略，以更好的适应不同的市场环境，并努力争取提供更为稳定持续的超额收益。投资策略方面，本基金作为股票型指数增强基金，在对基准指数进行有效跟踪的基础上，通过对市场结构及公司基本面的持续跟踪分析，利用量化选股模型及优化策略积极抽样组合，力争在控制跟踪误差的同时为投资者提供高于业绩比较基准的投资收益。","declarationDate":"2024-10-24T16:00:00.000Z","lastUpdated":"2026-03-09T13:32:00.297Z","fund":{"_id":3000000008592,"areaCode":"cn","stockType":"fund","stockCode":"008592","tickerId":8592,"fundSecondLevel":"company","status":"normal","exchange":"jj","name":"天弘沪深300指数增强型发起式证券投资基金","shortName":"天弘沪深300指数增强发起(008592)","custody":"中信建投证券股份有限公司","fundType":"stock","ipoDate":"2019-12-24T16:00:00.000Z","setUpScale":10715800,"__csrcFundId":7029,"fundStatus":"normal","lastUpdated":"2026-06-05T17:13:06.710Z","market":"a","masterFundFlag":1,"inceptionDate":"2019-12-26T16:00:00.000Z","followedNum":104,"fundCollectionId":4000050430000,"currency":"CNY","masterFundShortName":"天弘沪深300指数增强发起","setUpDate":"2019-12-26T16:00:00.000Z","memoNum":2,"pinyin":"thhs300zszqxfqszqtzjj","__indexSourceEastMoney":1,"__indexSourceCsi":1,"indexFundFlag":1,"indexId":1000000000300,"managers":[{"stockCode":"db20295018","stockType":"fund_manager","exchange":"fm","tickerId":2503140530,"name":"杨超"}]},"announcement":{"linkText":"天弘沪深300指数增强型发起式证券投资基金2024年第三季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1172993","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecbd07fea5b3eb04bc679","date":"2024-06-29T16:00:00.000Z","stockId":3000000008592,"sao":"报告期内，市场整体震荡下行，并在结构及风格上出现显著分化。具体来说：中证全指下跌8.64%，沪深300上涨0.89%，中证500下跌8.96%，创业板指下跌10.99%，中证1000下跌16.84%。报告期内，基金以基准指数为投资基础，通过选股模型围绕基准进行持续优化，力争在基准的行业分布内精选基本面更为优质的标的，并在结构化风险模型和优化器的辅助下构建收益风险比更具优势的投资组合。受益于上述策略的有效性，基金在报告期内取得了一定程度的超额收益。投资策略方面，本基金作为股票型指数增强基金，在对基准指数进行有效跟踪的基础上，通过对市场结构及公司基本面的持续跟踪分析，利用量化选股模型及优化策略积极抽样组合，力争在控制跟踪误差的同时为投资者提供高于业绩比较基准的投资收益。","declarationDate":"2024-07-18T16:00:00.000Z","lastUpdated":"2026-03-09T13:32:00.295Z","mo":"展望下半年，宏观经济方面，我们认为将维持温和复苏的态势，以时间换空间的方式不断修复经济发展中的阶段性和结构性困难。具体来说：地产方面，以周期性托底的方式对冲趋势性收缩的压力；制造业方面，以大力发展新质生产力的方式对冲中低端产业成本及地缘优势减弱的压力；财政支出方面，以加大中央支持力度并优化中长期制度安排的方式对冲地方政府债务压力；需求方面，以大规模设备更新、消费品以旧换新等定向鼓励支持政策的方式对冲企业部门投资需求及居民部门消费需求不足的压力。在去年年报中，我们写到：“经济总体将逐渐在人口、地产、逆全球化、科技突破等诸多重大长期变量的变化中寻找到新的平衡点。”目前看来，我们正处在这一新平衡建立的过程中，尽管这一过程可能是温和而缓慢的、曲折而反复的，但却是真正需要坚持的长期而正确的事情，我们的经济发展正在摆脱对短期刺激的依赖，正在建立更加优化的中长期机制和结构，这一过程虽然会有阵痛，但是其积极效果将在未来的若干年时间里逐步显现，并实现高质量发展。利率及流动性方面，下半年外部利率环境对国内利率下行的制约压力或将减小，降息空间有望打开，流动性料将相对充裕，并对实体经济和资本市场形成一定的支撑。证券市场方面，我们认为对下半年的A股市场不必悲观：经历了过去三年多的调整出清后，市场对于未来预期的透支程度偏低，甚至可能过度反应了谨慎的情绪和不利的因素，而选择性忽视了已经在边际上开始积极变化的因素。在年初的流动性挤压后，市场估值已具备吸引力，在未来经济企稳回升，企业利润逐步修复的预期下，投资的收益风险比将有望得到改善，我们建议投资者进行中长期配置。但是，我们也应知道无论是宽基指数还是细分行业指数，准确预测其变化的幅度、速率以及时间窗口的难度是很大的，当未知因素变多时，一套以概率思维为指导的行之有效的应对方法，也许比更依赖单一结果的押注式预测更加具有现实意义。因此，我们亦鼓励投资者一方面以更长期的视角进行基金配置，更多考虑业绩与估值的匹配程度以及收益风险比，同时另一方面在投资时机以及投资品种上进行一定的分散化处理，以更好的进行风险对冲，最终力争实现收益的长期积累并更充分的发挥复利效应。","fund":{"_id":3000000008592,"areaCode":"cn","stockType":"fund","stockCode":"008592","tickerId":8592,"fundSecondLevel":"company","status":"normal","exchange":"jj","name":"天弘沪深300指数增强型发起式证券投资基金","shortName":"天弘沪深300指数增强发起(008592)","custody":"中信建投证券股份有限公司","fundType":"stock","ipoDate":"2019-12-24T16:00:00.000Z","setUpScale":10715800,"__csrcFundId":7029,"fundStatus":"normal","lastUpdated":"2026-06-05T17:13:06.710Z","market":"a","masterFundFlag":1,"inceptionDate":"2019-12-26T16:00:00.000Z","followedNum":104,"fundCollectionId":4000050430000,"currency":"CNY","masterFundShortName":"天弘沪深300指数增强发起","setUpDate":"2019-12-26T16:00:00.000Z","memoNum":2,"pinyin":"thhs300zszqxfqszqtzjj","__indexSourceEastMoney":1,"__indexSourceCsi":1,"indexFundFlag":1,"indexId":1000000000300,"managers":[{"stockCode":"db20295018","stockType":"fund_manager","exchange":"fm","tickerId":2503140530,"name":"杨超"}]},"announcement":{"linkText":"天弘沪深300指数增强型发起式证券投资基金2024年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1145755","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecbd07fea5b3eb04bc678","date":"2024-03-30T16:00:00.000Z","stockId":3000000008592,"sao":"报告期内，市场整体先抑后扬，并在结构上有所分化。具体来说：中证全指下跌2.52%，沪深300上涨3.10%，中证500下跌2.64%，创业板指下跌3.87%，中证1000下跌7.58%。报告期内，基金以基准指数为投资基础，通过选股模型围绕基准进行持续优化，力争在基准的行业分布内精选基本面更为优质的标的，并在结构化风险模型和优化器的辅助下构建收益风险比更具优势的投资组合。受益于上述策略的有效性，基金在报告期内取得了一定程度的超额收益。投资策略方面，本基金作为股票型指数增强基金，在对基准指数进行有效跟踪的基础上，通过对市场结构及公司基本面的持续跟踪分析，利用量化选股模型及优化策略积极抽样组合，力争在控制跟踪误差的同时为投资者提供高于业绩比较基准的投资收益。","declarationDate":"2024-04-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:32:00.292Z","fund":{"_id":3000000008592,"areaCode":"cn","stockType":"fund","stockCode":"008592","tickerId":8592,"fundSecondLevel":"company","status":"normal","exchange":"jj","name":"天弘沪深300指数增强型发起式证券投资基金","shortName":"天弘沪深300指数增强发起(008592)","custody":"中信建投证券股份有限公司","fundType":"stock","ipoDate":"2019-12-24T16:00:00.000Z","setUpScale":10715800,"__csrcFundId":7029,"fundStatus":"normal","lastUpdated":"2026-06-05T17:13:06.710Z","market":"a","masterFundFlag":1,"inceptionDate":"2019-12-26T16:00:00.000Z","followedNum":104,"fundCollectionId":4000050430000,"currency":"CNY","masterFundShortName":"天弘沪深300指数增强发起","setUpDate":"2019-12-26T16:00:00.000Z","memoNum":2,"pinyin":"thhs300zszqxfqszqtzjj","__indexSourceEastMoney":1,"__indexSourceCsi":1,"indexFundFlag":1,"indexId":1000000000300,"managers":[{"stockCode":"db20295018","stockType":"fund_manager","exchange":"fm","tickerId":2503140530,"name":"杨超"}]},"announcement":{"linkText":"天弘沪深300指数增强型发起式证券投资基金2024年第一季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1069833","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecbd07fea5b3eb04bc677","date":"2023-12-30T16:00:00.000Z","stockId":3000000008592,"sao":"报告期内，市场整体震荡下行。具体来说：中证全指下跌7.04%，沪深300下跌11.38%，中证500下跌7.42%，创业板指下跌19.41%，中证1000下跌6.28%。报告期内，基金以基准指数为投资基础，通过选股模型围绕基准进行持续优化，力争在基准的行业分布内精选基本面更为优质的标的，并在结构化风险模型和优化器的辅助下构建收益风险比更具优势的投资组合。受益于上述策略的有效性，基金在报告期内取得了一定程度的超额收益。投资策略方面，本基金作为股票型指数增强基金，在对基准指数进行有效跟踪的基础上，通过对市场结构及公司基本面的持续跟踪分析，利用量化选股模型及优化策略积极抽样组合，力争在控制跟踪误差的同时为投资者提供高于业绩比较基准的投资收益。","declarationDate":"2024-01-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:32:00.289Z","mo":"展望2024年，我们认为国内宏观经济总体将维持温和复苏，并逐渐在人口、地产、逆全球化、科技突破等诸多重大长期变量的变化中寻找到新的平衡点。这一过程虽然可能是曲折反复的，但从中长期看仍将是一个斜率大于零的持续改善的进程，居民的预期与信心也将随之不断进行修正与修复。利率方面，无论从海外利率环境角度，还是国内刺激投资消费角度，均支持实际利率有进一步下降空间；流动性方面，广义流动性料将相对充足，但资金从金融体系向实体经济的传导意愿及传导效率可能成为更值得重视和跟踪的变量。证券市场方面，我们对2024年的A股市场持相对乐观态度：经历了过去近三年的调整出清后，市场对于未来预期的透支程度很低，甚至可能在一定程度上过度线性外推了不利的因素，而选择性忽视了已经在边际上开始积极变化的因素。市场估值在当前位置已具备吸引力，投资的收益风险比明显改善，我们建议投资者进行中长期配置。但是，我们也应知道无论是宽基指数还是细分行业指数，准确预测其变化的幅度、速率以及时间窗口的难度是很大的，当未知因素变多时，一套以概率思维为指导的行之有效的应对方法，也许比更依赖单一结果的押注式预测更加具有现实意义。因此，我们亦鼓励投资者一方面以更长期的视角进行基金配置，更多考虑业绩与估值的匹配程度以及收益风险比，同时另一方面在投资时机以及投资品种上进行一定的分散化处理，以更好的进行风险对冲，最终力争实现收益的长期积累并更充分的发挥复利效应。","fund":{"_id":3000000008592,"areaCode":"cn","stockType":"fund","stockCode":"008592","tickerId":8592,"fundSecondLevel":"company","status":"normal","exchange":"jj","name":"天弘沪深300指数增强型发起式证券投资基金","shortName":"天弘沪深300指数增强发起(008592)","custody":"中信建投证券股份有限公司","fundType":"stock","ipoDate":"2019-12-24T16:00:00.000Z","setUpScale":10715800,"__csrcFundId":7029,"fundStatus":"normal","lastUpdated":"2026-06-05T17:13:06.710Z","market":"a","masterFundFlag":1,"inceptionDate":"2019-12-26T16:00:00.000Z","followedNum":104,"fundCollectionId":4000050430000,"currency":"CNY","masterFundShortName":"天弘沪深300指数增强发起","setUpDate":"2019-12-26T16:00:00.000Z","memoNum":2,"pinyin":"thhs300zszqxfqszqtzjj","__indexSourceEastMoney":1,"__indexSourceCsi":1,"indexFundFlag":1,"indexId":1000000000300,"managers":[{"stockCode":"db20295018","stockType":"fund_manager","exchange":"fm","tickerId":2503140530,"name":"杨超"}]},"announcement":{"linkText":"天弘沪深300指数增强型发起式证券投资基金2023年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1053597","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecbd07fea5b3eb04bc676","date":"2023-09-29T16:00:00.000Z","stockId":3000000008592,"sao":"2023年三季度，市场整体震荡下行，结构上存在一定分化。具体来说：中证全指下跌4.91%，沪深300下跌3.98%，中证500下跌5.13%，创业板指下跌9.53%，中证1000下跌7.92%。报告期内，基金以基准指数为投资基础，通过选股模型围绕基准进行持续优化，力争在基准的行业分布内精选基本面更为优质的标的，并在结构化风险模型和优化器的辅助下构建收益风险比更具优势的投资组合。受益于上述策略的有效性，基金在报告期内取得了一定程度的超额收益。投资策略方面，本基金作为股票型指数增强基金，在对基准指数进行有效跟踪的基础上，通过对市场结构及公司基本面的持续跟踪分析，利用量化选股模型及优化策略积极抽样组合，力争在控制跟踪误差的同时为投资者提供高于业绩比较基准的投资收益。","declarationDate":"2023-10-24T16:00:00.000Z","lastUpdated":"2026-03-09T13:32:00.287Z","fund":{"_id":3000000008592,"areaCode":"cn","stockType":"fund","stockCode":"008592","tickerId":8592,"fundSecondLevel":"company","status":"normal","exchange":"jj","name":"天弘沪深300指数增强型发起式证券投资基金","shortName":"天弘沪深300指数增强发起(008592)","custody":"中信建投证券股份有限公司","fundType":"stock","ipoDate":"2019-12-24T16:00:00.000Z","setUpScale":10715800,"__csrcFundId":7029,"fundStatus":"normal","lastUpdated":"2026-06-05T17:13:06.710Z","market":"a","masterFundFlag":1,"inceptionDate":"2019-12-26T16:00:00.000Z","followedNum":104,"fundCollectionId":4000050430000,"currency":"CNY","masterFundShortName":"天弘沪深300指数增强发起","setUpDate":"2019-12-26T16:00:00.000Z","memoNum":2,"pinyin":"thhs300zszqxfqszqtzjj","__indexSourceEastMoney":1,"__indexSourceCsi":1,"indexFundFlag":1,"indexId":1000000000300,"managers":[{"stockCode":"db20295018","stockType":"fund_manager","exchange":"fm","tickerId":2503140530,"name":"杨超"}]},"announcement":{"linkText":"天弘沪深300指数增强型发起式证券投资基金2023年第三季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=987635","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecbd07fea5b3eb04bc675","date":"2023-06-29T16:00:00.000Z","stockId":3000000008592,"sao":"2023年上半年，市场整体呈现先扬后抑的震荡走势，同时在存量博弈下体现出快速轮动和结构分化的特征。具体来说：中证全指上涨2.17%，沪深300下跌0.75%，中证500上涨2.29%，创业板指下跌5.61%，中证1000上涨5.10%。报告期内，基金以基准指数为投资基础，通过选股模型围绕基准进行持续优化，力争在基准的行业分布内精选基本面更为优质的标的，并在结构化风险模型和优化器的辅助下构建收益风险比更具优势的投资组合。受益于上述策略的有效性，基金在报告期内取得了一定程度的超额收益。投资策略方面，本基金作为股票型指数增强基金，在对基准指数进行有效跟踪的基础上，通过对市场结构及公司基本面的持续跟踪分析，利用量化选股模型及优化策略积极抽样组合，力争在控制跟踪误差的同时为投资者提供高于业绩比较基准的投资收益。","declarationDate":"2023-07-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:32:00.284Z","mo":"展望2023年下半年，我们认为尽管面临全球经济复苏乏力、国内有效需求仍待释放、国际环境依然严峻复杂等诸多挑战，但经济的恢复向好趋势仍将延续，虽然恢复的速度可能不及2022年底时市场的乐观预期，但这仍将是一个斜率大于零的持续改善的过程，并且随着资产负债表和信心的不断修复而最终使经济运行进入投资、生产、消费活动相互促进的正向循环。但应注意到，随着经济转型的不断推进和经济发展中主要矛盾的变化，传统刺激政策和偏总量的货币信用工具可能会逐步让位于更加聚焦于高质量发展、现代化工业体系打造、产业链供应链安全可控等关键领域的结构性政策和工具，这一过程也将孕育出若干中长期大体量的投资机会。证券市场方面，我们认为A股已具备较好的中长期投资价值：一方面，随着国内经济恢复向好以及海外加息节奏趋缓，资产负债表的修复和风险偏好的提升已可期待，前期制约市场向上运行的不确定因素逐渐边际好转；另一方面，经历过去一年半的调整出清，市场估值已具备吸引力，投资的收益风险比明显改善，配置价值显现。同时，在国内流动性相对充裕以及海外通胀压力预期好转的背景下，A股料将迎来增量配置资金。总体来说，我们对国内证券市场在2023年下半年的表现持相对乐观的态度。但是，也应看到当市场整体运行在波动率较大的区间时，无论是宽基指数还是细分行业指数，预测其变化的幅度、速率以及时间窗口的难度仍然较大，当未知因素变多时，一套以概率思维为指导的行之有效的应对方法，也许比更依赖单一结果的押注式预测更加具有现实意义。因此，我们亦鼓励投资者一方面以更长期的视角进行基金配置，更多考虑业绩与估值的匹配程度以及收益风险比，同时另一方面在投资时机以及投资品种上进行一定的分散化处理，以更好的进行风险对冲，最终力争实现收益的长期积累并更充分的发挥复利效应。","fund":{"_id":3000000008592,"areaCode":"cn","stockType":"fund","stockCode":"008592","tickerId":8592,"fundSecondLevel":"company","status":"normal","exchange":"jj","name":"天弘沪深300指数增强型发起式证券投资基金","shortName":"天弘沪深300指数增强发起(008592)","custody":"中信建投证券股份有限公司","fundType":"stock","ipoDate":"2019-12-24T16:00:00.000Z","setUpScale":10715800,"__csrcFundId":7029,"fundStatus":"normal","lastUpdated":"2026-06-05T17:13:06.710Z","market":"a","masterFundFlag":1,"inceptionDate":"2019-12-26T16:00:00.000Z","followedNum":104,"fundCollectionId":4000050430000,"currency":"CNY","masterFundShortName":"天弘沪深300指数增强发起","setUpDate":"2019-12-26T16:00:00.000Z","memoNum":2,"pinyin":"thhs300zszqxfqszqtzjj","__indexSourceEastMoney":1,"__indexSourceCsi":1,"indexFundFlag":1,"indexId":1000000000300,"managers":[{"stockCode":"db20295018","stockType":"fund_manager","exchange":"fm","tickerId":2503140530,"name":"杨超"}]},"announcement":{"linkText":"天弘沪深300指数增强型发起式证券投资基金2023年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=963226","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecbd07fea5b3eb04bc674","date":"2023-03-30T16:00:00.000Z","stockId":3000000008592,"sao":"2023年一季度，在经济复苏预期下，投资者信心普遍修复，市场亦整体呈现震荡上行趋势，但结构上有所分化。具体来说：中证全指上涨6.67%，沪深300上涨4.63%，中证500上涨8.11%，创业板指上涨2.25%，中证1000上涨9.46%。报告期内，基金以基准指数为投资基础，通过选股模型围绕基准进行持续优化，力争在基准的行业分布内精选基本面更为优质的标的，并在结构化风险模型和优化器的辅助下构建收益风险比更具优势的投资组合。报告期内基金的超额收益出现了一定程度的回撤。指数增强策略并非无风险策略，而是通过对风险因子更加细致的计算和把控以及对中长期有效的选股因子的正向暴露从而力争在较长的时间维度内以更大概率实现超额收益，但是在中短期的时间维度内，策略效果仍可能出现一定的波动及反复，这是概率特征及风险本身的不确定性所决定的。因此，我们亦鼓励投资人以更长的持有期配置指数增强基金，这有利于策略效果的长期积累并能够更好的发挥复利效应。同时，我们也将不断迭代模型并丰富策略，以更好的适应不同的市场环境，并努力提供更为稳定持续的超额收益。投资策略方面，本基金作为股票型指数增强基金，在对基准指数进行有效跟踪的基础上，通过对市场结构及公司基本面的持续跟踪分析，利用量化选股模型及优化策略积极抽样组合，力争在控制跟踪误差的同时为投资者提供高于业绩比较基准的投资收益。","declarationDate":"2023-04-22T16:00:00.000Z","lastUpdated":"2026-03-09T13:32:00.282Z","fund":{"_id":3000000008592,"areaCode":"cn","stockType":"fund","stockCode":"008592","tickerId":8592,"fundSecondLevel":"company","status":"normal","exchange":"jj","name":"天弘沪深300指数增强型发起式证券投资基金","shortName":"天弘沪深300指数增强发起(008592)","custody":"中信建投证券股份有限公司","fundType":"stock","ipoDate":"2019-12-24T16:00:00.000Z","setUpScale":10715800,"__csrcFundId":7029,"fundStatus":"normal","lastUpdated":"2026-06-05T17:13:06.710Z","market":"a","masterFundFlag":1,"inceptionDate":"2019-12-26T16:00:00.000Z","followedNum":104,"fundCollectionId":4000050430000,"currency":"CNY","masterFundShortName":"天弘沪深300指数增强发起","setUpDate":"2019-12-26T16:00:00.000Z","memoNum":2,"pinyin":"thhs300zszqxfqszqtzjj","__indexSourceEastMoney":1,"__indexSourceCsi":1,"indexFundFlag":1,"indexId":1000000000300,"managers":[{"stockCode":"db20295018","stockType":"fund_manager","exchange":"fm","tickerId":2503140530,"name":"杨超"}]},"announcement":{"linkText":"天弘沪深300指数增强型发起式证券投资基金2023年第一季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=887670","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecbd07fea5b3eb04bc673","date":"2022-12-30T16:00:00.000Z","stockId":3000000008592,"sao":"2022年，权益市场一方面遭遇国内及国际众多超预期事件冲击，另一方面受到全球经济放缓、外资流动性收紧、国内增长偏缓等系统性因素制约，导致投资者预期转弱、风险偏好降低，虽然二季度及四季度出现阶段性上涨，但从全年维度来看，A股仍普遍遭遇了较大回撤。具体来说：中证全指下跌20.32%，沪深300下跌21.63%，中证500下跌20.31%，创业板指下跌29.37%，中证1000下跌21.58%。报告期内，基金以基准指数为投资基础，通过选股模型围绕基准进行持续优化，力争在基准的行业分布内精选基本面更为优质的标的，并在结构化风险模型和优化器的辅助下构建收益风险比更具优势的投资组合。报告期内基金的超额收益出现了一定程度的回撤。指数增强策略并非无风险策略，而是通过对风险因子更加细致的计算和把控以及对中长期有效的选股因子的正向暴露从而力争在较长的时间维度内以更大概率实现超额收益，但是在中短期的时间维度内，策略效果仍可能出现一定的波动及反复，这是概率特征及风险本身的不确定性所决定的。因此，我们亦鼓励投资人以更长的持有期配置指数增强基金，这有利于策略效果的长期积累并能够更好的发挥复利效应。同时，我们也将不断迭代模型并丰富策略，以更好的适应不同的市场环境，并力争提供更为稳定持续的超额收益。投资策略方面，本基金作为股票型指数增强基金，在对基准指数进行有效跟踪的基础上，通过对市场结构及公司基本面的持续跟踪分析，利用量化选股模型及优化策略积极抽样组合，力争在控制跟踪误差的同时为投资者提供高于业绩比较基准的投资收益。","declarationDate":"2023-01-27T16:00:00.000Z","lastUpdated":"2026-03-09T13:32:00.279Z","mo":"展望2023年，我们认为国内宏观经济环境将步入复苏通道并拾级而上，市场流动性料将保持充裕，伴随生产生活全面恢复，货币端向信用端的传导将更为顺畅，并促进实体融资需求逐步改善。总体而言，投资、生产、消费活动有望企稳回升，并进入相互促进的正向循环，居民和企业的预期及信心亦将伴随这一过程而逐步修复。虽然外部环境仍存在高度的不确定性，并可能对我国经济带来超预期扰动，但是国内需求扩大、产业数字化转型加速、民营经济不断恢复发展等众多积极因素仍将推动经济运行整体好转。基于国内巨大的消费市场、完善的产业链配套、持续的科技创新以及丰富的政策发力空间，我们对2023年的宏观经济环境持乐观态度，并对中国经济的中长期韧性和发展潜力抱有充分的信心。证券市场方面，我们认为A股已具备较好的投资价值：一方面，随着防疫政策优化、国内经济活动复苏以及海外加息节奏趋缓，前期制约市场向上运行的不确定因素多数已边际好转；另一方面，经历过去一年的调整出清，市场估值已具备吸引力，投资的收益风险比明显改善。中长期看，在国内经济复苏、投资者信心修复的过程中，上市公司业绩有望逐步回稳，市场风险偏好亦将有所提升。同时，在国内流动性相对充裕以及海外通胀压力预期好转的背景下，A股料将迎来增量配置资金。总体来说，我们对国内证券市场在2023年的表现持相对乐观的态度。但是，也应看到当市场整体运行在波动率较大的区间时，无论是宽基指数还是细分行业指数，预测其变化的幅度、速率以及时间窗口的难度仍然较大，当未知因素变多时，一套以概率思维为指导的行之有效的应对方法，也许比更依赖单一结果的押注式预测更加具有现实意义。因此，我们亦鼓励投资者一方面以更长期的视角进行基金配置，更多考虑业绩与估值的匹配程度以及收益风险比，同时另一方面在投资时机以及投资品种上进行一定的分散化处理，以更好的进行风险对冲，最终争取实现收益的长期积累并更充分的发挥复利效应。","fund":{"_id":3000000008592,"areaCode":"cn","stockType":"fund","stockCode":"008592","tickerId":8592,"fundSecondLevel":"company","status":"normal","exchange":"jj","name":"天弘沪深300指数增强型发起式证券投资基金","shortName":"天弘沪深300指数增强发起(008592)","custody":"中信建投证券股份有限公司","fundType":"stock","ipoDate":"2019-12-24T16:00:00.000Z","setUpScale":10715800,"__csrcFundId":7029,"fundStatus":"normal","lastUpdated":"2026-06-05T17:13:06.710Z","market":"a","masterFundFlag":1,"inceptionDate":"2019-12-26T16:00:00.000Z","followedNum":104,"fundCollectionId":4000050430000,"currency":"CNY","masterFundShortName":"天弘沪深300指数增强发起","setUpDate":"2019-12-26T16:00:00.000Z","memoNum":2,"pinyin":"thhs300zszqxfqszqtzjj","__indexSourceEastMoney":1,"__indexSourceCsi":1,"indexFundFlag":1,"indexId":1000000000300,"managers":[{"stockCode":"db20295018","stockType":"fund_manager","exchange":"fm","tickerId":2503140530,"name":"杨超"}]},"announcement":{"linkText":"天弘沪深300指数增强型发起式证券投资基金2022年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=870135","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecbd07fea5b3eb04bc672","date":"2022-09-29T16:00:00.000Z","stockId":3000000008592,"sao":"报告期内，国内遭遇疫情多发散发以及极端天气等超预期因素影响，经济恢复进程受到一定程度制约，同时，国际环境日趋紧张复杂，主要发达经济体为应对通胀高企而不断收紧货币政策，导致全球经济下行压力增大，风险资产价格普遍下跌。在上述背景下，三季度国内权益市场也遭遇了不同程度回撤，具体来说：中证全指下跌13.44%，沪深300下跌15.16%，中证500下跌11.47%，创业板指下跌18.56%，中证1000下跌12.45%。本基金遵循指数增强投资逻辑，以沪深300指数的风险收益特征为投资参考基础，并通过选股模型围绕基准进行持续优化，力争在基准的行业分布内精选基本面更为优质的标的，并在结构化风险模型和优化器的辅助下构建收益风险比更具优势的投资组合。受益于上述策略的有效性，基金在报告期内取得了一定程度的超额收益。投资策略方面，本基金作为股票型指数增强基金，在对基准指数进行有效跟踪的基础上，通过对市场结构及公司基本面的持续跟踪分析，利用量化选股模型及优化策略积极抽样组合，力争在控制跟踪误差的同时为投资者提供高于业绩比较基准的投资收益。","declarationDate":"2022-10-25T16:00:00.000Z","lastUpdated":"2026-03-09T13:32:00.276Z","fund":{"_id":3000000008592,"areaCode":"cn","stockType":"fund","stockCode":"008592","tickerId":8592,"fundSecondLevel":"company","status":"normal","exchange":"jj","name":"天弘沪深300指数增强型发起式证券投资基金","shortName":"天弘沪深300指数增强发起(008592)","custody":"中信建投证券股份有限公司","fundType":"stock","ipoDate":"2019-12-24T16:00:00.000Z","setUpScale":10715800,"__csrcFundId":7029,"fundStatus":"normal","lastUpdated":"2026-06-05T17:13:06.710Z","market":"a","masterFundFlag":1,"inceptionDate":"2019-12-26T16:00:00.000Z","followedNum":104,"fundCollectionId":4000050430000,"currency":"CNY","masterFundShortName":"天弘沪深300指数增强发起","setUpDate":"2019-12-26T16:00:00.000Z","memoNum":2,"pinyin":"thhs300zszqxfqszqtzjj","__indexSourceEastMoney":1,"__indexSourceCsi":1,"indexFundFlag":1,"indexId":1000000000300,"managers":[{"stockCode":"db20295018","stockType":"fund_manager","exchange":"fm","tickerId":2503140530,"name":"杨超"}]},"announcement":{"linkText":"天弘沪深300指数增强型发起式证券投资基金2022年第三季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=805324","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecbd07fea5b3eb04bc671","date":"2022-06-29T16:00:00.000Z","stockId":3000000008592,"sao":"报告期内，市场整体先抑后扬。前四个月，在国内经济承压、疫情反复、海外流动性趋紧、地缘政治变化加剧等众多因素共同作用下，市场风险偏好降低，除个别行业及板块外普遍出现了较大回撤。而自四月底以来，伴随前期困扰市场诸多因素的边际改善，投资者情绪逐步恢复，大多数板块迎来上涨，尤以前期回撤较大的高景气板块上涨幅度更多。但总体而言，多数指数未恢复至年初水位，仍呈现出不同程度的下跌。具体来说，在上半年：中证全指下跌10.37%，沪深300下跌9.22%，中证500下跌12.30%，创业板指下跌15.41%，中证1000下跌12.67%。本基金遵循指数增强投资逻辑，以沪深300指数的风险收益特征为投资参考基础，并通过选股模型围绕基准进行持续优化，力争在基准的行业分布内精选基本面更为优质的标的，并在结构化风险模型和优化器的辅助下构建收益风险比更具优势的投资组合。投资策略方面，本基金作为股票型指数增强基金，在对基准指数进行有效跟踪的基础上，通过对市场结构及公司基本面的持续跟踪分析，利用量化选股模型及优化策略积极抽样组合，力争在控制跟踪误差的同时为投资者提供高于业绩比较基准的投资收益。","declarationDate":"2022-07-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:32:00.274Z","mo":"展望2022年下半年，我们认为总体经济环境将企稳回升并拾级而上，市场流动性料将保持合理充裕。但应注意到，需求收缩、供给冲击、预期转弱等因素仍将对经济恢复造成一定压力，同时在海外主要经济体货币政策加速收紧、全球通胀高位运行、国内银行间市场利率水平较低的背景之下，流动性进一步大幅边际宽松的空间或相对有限，结构性货币工具可能发挥更大作用。此外，如疫情、地缘政治等内外部阶段性、突发性超预期事件亦可能对经济恢复进程产生扰动。但是，尽管面临较为严峻复杂的内外部环境，经济发展总体而言相对于上半年仍大概率维持复苏向好的回暖态势，这一宏观局面在全球增长放缓、通胀高企、地缘冲突不断的形势之中，显得尤其珍贵。下半年，随着高效统筹疫情防控和社会发展以及一揽子稳增长政策措施的持续落地见效，经济运行的改善值得期待，基于国内巨大的消费市场、完善的产业链配套、持续的科技创新以及丰富的政策发力空间，我们仍对中国经济的中长期韧性和发展潜力抱有信心。证券市场方面，尽管五六月份迎来普遍上涨，但上半年整体而言主流宽基指数仍经历了一定程度的下跌，市场始终运行在波动率较大的区间。在下跌回撤及宽幅震荡的过程中，估值泡沫和偏乐观预期得到了一定程度的消化与校正，业绩透支程度有所改善，同时，从收益风险比的角度亦开始出现一些具有吸引力的板块。伴随经济回暖及观望情绪改善，下半年市场仍存在结构性机会。但也应看到当市场整体运行在波动率较大的区间时，且在盈利增速、国内货币政策、海外流动性等多种因素向不同方向变化的复杂背景之下，无论是宽基指数还是细分行业指数，预测其变化的幅度、速率以及时机的难度仍然较大，当未知因素变多时，一套以概率思维为指导的行之有效的应对方法，也许比更依赖单一结果的押注式预测更加具有现实意义。因此，我们亦鼓励投资者一方面以更长期的视角进行基金配置，更多考虑业绩与估值的匹配程度以及收益风险比，同时另一方面在投资时机以及投资品种上进行一定的分散化处理，以更好的进行风险对冲，最终实现收益的长期积累并更充分的发挥复利效应。","fund":{"_id":3000000008592,"areaCode":"cn","stockType":"fund","stockCode":"008592","tickerId":8592,"fundSecondLevel":"company","status":"normal","exchange":"jj","name":"天弘沪深300指数增强型发起式证券投资基金","shortName":"天弘沪深300指数增强发起(008592)","custody":"中信建投证券股份有限公司","fundType":"stock","ipoDate":"2019-12-24T16:00:00.000Z","setUpScale":10715800,"__csrcFundId":7029,"fundStatus":"normal","lastUpdated":"2026-06-05T17:13:06.710Z","market":"a","masterFundFlag":1,"inceptionDate":"2019-12-26T16:00:00.000Z","followedNum":104,"fundCollectionId":4000050430000,"currency":"CNY","masterFundShortName":"天弘沪深300指数增强发起","setUpDate":"2019-12-26T16:00:00.000Z","memoNum":2,"pinyin":"thhs300zszqxfqszqtzjj","__indexSourceEastMoney":1,"__indexSourceCsi":1,"indexFundFlag":1,"indexId":1000000000300,"managers":[{"stockCode":"db20295018","stockType":"fund_manager","exchange":"fm","tickerId":2503140530,"name":"杨超"}]},"announcement":{"linkText":"天弘沪深300指数增强型发起式证券投资基金2022年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=784505","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecbd07fea5b3eb04bc670","date":"2022-03-30T16:00:00.000Z","stockId":3000000008592,"sao":"报告期内，在国内经济承压、疫情不断反复、海外流动性趋紧、地缘政治变化加剧等众多因素的共同作用下，市场风险偏好大幅降低，除个别行业及板块外，普遍出现了较大回撤。具体来说：中证全指下跌13.99%，沪深300下跌14.53%，中证500下跌14.06%，创业板指下跌19.96%，中证1000下跌15.46%。本基金遵循指数增强投资逻辑，以沪深300指数的风险收益特征为投资参考基础，并通过选股模型围绕基准进行持续优化，力争在基准的行业分布内精选基本面更为优质的标的，并在结构化风险模型和优化器的辅助下构建收益风险比更具优势的投资组合。一季度，基金的超额收益出现了一定程度的回撤。指数增强策略并非无风险策略，而是通过对风险因子更加细致的计算和把控以及对中长期有效的选股因子的正向暴露从而力争在较长的时间维度内以更大概率实现超额收益，但是在中短期的时间维度内，策略效果仍可能出现一定的波动及反复，这是概率特征及风险本身的不确定性所决定的。因此，我们亦鼓励投资人以更长的持有期配置指数增强基金，这有利于策略效果的长期积累并能够更好的发挥复利效应。投资策略方面，本基金作为股票型指数增强基金，在对基准指数进行有效跟踪的基础上，通过对市场结构及公司基本面的持续跟踪分析，利用量化选股模型及优化策略积极抽样组合，力争在控制跟踪误差的同时为投资者提供高于业绩比较基准的投资收益。","declarationDate":"2022-04-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:32:00.271Z","fund":{"_id":3000000008592,"areaCode":"cn","stockType":"fund","stockCode":"008592","tickerId":8592,"fundSecondLevel":"company","status":"normal","exchange":"jj","name":"天弘沪深300指数增强型发起式证券投资基金","shortName":"天弘沪深300指数增强发起(008592)","custody":"中信建投证券股份有限公司","fundType":"stock","ipoDate":"2019-12-24T16:00:00.000Z","setUpScale":10715800,"__csrcFundId":7029,"fundStatus":"normal","lastUpdated":"2026-06-05T17:13:06.710Z","market":"a","masterFundFlag":1,"inceptionDate":"2019-12-26T16:00:00.000Z","followedNum":104,"fundCollectionId":4000050430000,"currency":"CNY","masterFundShortName":"天弘沪深300指数增强发起","setUpDate":"2019-12-26T16:00:00.000Z","memoNum":2,"pinyin":"thhs300zszqxfqszqtzjj","__indexSourceEastMoney":1,"__indexSourceCsi":1,"indexFundFlag":1,"indexId":1000000000300,"managers":[{"stockCode":"db20295018","stockType":"fund_manager","exchange":"fm","tickerId":2503140530,"name":"杨超"}]},"announcement":{"linkText":"天弘沪深300指数增强型发起式证券投资基金2022年第一季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=725091","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecbd07fea5b3eb04bc66f","date":"2021-12-30T16:00:00.000Z","stockId":3000000008592,"sao":"报告期内，市场整体震荡上行，同时结构及风格存在不小的分化。在结构上，新能源、科技等高景气产业相关标的产生了较大的超额收益，在风格上，中小市值及成长风格跑赢大盘价值风格。具体来说：中证全指上涨6.19%，沪深300下跌5.20%，中证500上涨15.58%，创业板指上涨12.02%，中证1000上涨20.52%。本基金遵循指数增强投资逻辑，以沪深300指数的风险收益特征为投资参考基础，并通过选股模型围绕基准进行持续优化，力争在基准的行业分布内精选基本面更为优质的标的，并在结构化风险模型和优化器的辅助下构建收益风险比更具优势的投资组合。受益于上述策略的有效性，报告期内虽然业绩基准指数收益为负，但基金组合依然通过积极管理取得了一定程度的超额回报，并最终实现了正收益。投资策略方面，本基金作为股票型指数增强基金，在对基准指数进行有效跟踪的基础上，通过对市场结构及公司基本面的持续跟踪分析，利用量化选股模型及优化策略积极抽样组合，力争在控制跟踪误差的同时为投资者提供高于业绩比较基准的投资收益。","declarationDate":"2022-01-23T16:00:00.000Z","lastUpdated":"2026-03-09T13:32:00.268Z","mo":"展望2022年，我们认为经济存在一定下行压力，但国内流动性将相对宽裕。宏观经济方面，如中央经济工作会议所述，我国经济发展面临需求收缩、供给冲击、预期转弱三重压力，同时外部环境更趋复杂严峻和不确定。在此背景下，一系列稳增长措施有望持续发力并靠前发力，同时货币政策亦有望边际趋于宽松。尽管面临短期困难，但基于国内巨大的消费市场、完善的产业链配套、持续的科技创新以及较大的政策发力空间，我们仍对中国经济的中长期韧性和发展潜力抱有信心。证券市场方面，主流宽基指数在过去两三年内经历了较大幅度的上涨，多数行业的估值修复过程已经完成，市场可能进入波动率逐渐加大的运行区间，不排除阶段性面临盈利增速放缓或海外流动性冲击所带来的行情扰动，但全年来看，积极的政策以及国内相对宽松的流动性仍将对权益市场形成一定支撑。同时，高景气产业与众多传统产业的相对估值亦不断发生变化，我们认为在2022年行业层面继续演绎极致分化走势的概率有所减小，可能出现一定程度的均值回复与再平衡。但应注意到若市场整体运行在波动率较大的区间，且在盈利增速、国内货币政策、海外流动性等多种因素向不同方向变化的复杂背景之下，无论是宽基指数还是细分行业指数，预测其变化的幅度、速率以及时机的难度在增大，机遇与风险并存。当未知因素变多时，一套以概率思维为指导的行之有效的应对方法，也许比更依赖单一结果的押注式预测更加具有现实意义，因此，我们亦鼓励投资者一方面以更长期的视角进行基金配置，更多考虑业绩与估值的匹配程度以及收益风险比，同时另一方面在投资时机以及投资品种上进行一定的分散化处理，以更好的进行风险对冲，有望最终实现收益的长期积累并更充分的发挥复利效应。","fund":{"_id":3000000008592,"areaCode":"cn","stockType":"fund","stockCode":"008592","tickerId":8592,"fundSecondLevel":"company","status":"normal","exchange":"jj","name":"天弘沪深300指数增强型发起式证券投资基金","shortName":"天弘沪深300指数增强发起(008592)","custody":"中信建投证券股份有限公司","fundType":"stock","ipoDate":"2019-12-24T16:00:00.000Z","setUpScale":10715800,"__csrcFundId":7029,"fundStatus":"normal","lastUpdated":"2026-06-05T17:13:06.710Z","market":"a","masterFundFlag":1,"inceptionDate":"2019-12-26T16:00:00.000Z","followedNum":104,"fundCollectionId":4000050430000,"currency":"CNY","masterFundShortName":"天弘沪深300指数增强发起","setUpDate":"2019-12-26T16:00:00.000Z","memoNum":2,"pinyin":"thhs300zszqxfqszqtzjj","__indexSourceEastMoney":1,"__indexSourceCsi":1,"indexFundFlag":1,"indexId":1000000000300,"managers":[{"stockCode":"db20295018","stockType":"fund_manager","exchange":"fm","tickerId":2503140530,"name":"杨超"}]},"announcement":{"linkText":"天弘沪深300指数增强型发起式证券投资基金2021年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=714361","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecbd07fea5b3eb04bc66e","date":"2021-09-29T16:00:00.000Z","stockId":3000000008592,"sao":"报告期内，市场整体呈震荡行情，并体现出一定程度的结构及风格分化。具体来说：中证全指下跌-1.90%，沪深300下跌6.85%，中证500上涨4.34%，创业板指下跌6.69%，中证1000上涨4.54%。本基金遵循指数增强投资逻辑，以沪深300指数的风险收益特征为投资参考基础，并通过选股模型围绕基准进行持续优化，力争在基准的行业分布内精选基本面更为优质的标的，并在结构化风险模型和优化器的辅助下构建收益风险比更具优势的投资组合。尽管由于基准指数的下跌导致基金三季度收益率出现回撤，但受益于增强策略的有效性，报告期内基金仍旧取得了一定程度的超额回报。投资策略方面，本基金作为股票型指数增强基金，在对基准指数进行有效跟踪的基础上，通过对市场结构及公司基本面的持续跟踪分析，利用量化选股模型及优化策略积极抽样组合，力争在控制跟踪误差的同时为投资者提供高于业绩比较基准的投资收益。","declarationDate":"2021-10-26T16:00:00.000Z","lastUpdated":"2026-03-09T13:32:00.266Z","fund":{"_id":3000000008592,"areaCode":"cn","stockType":"fund","stockCode":"008592","tickerId":8592,"fundSecondLevel":"company","status":"normal","exchange":"jj","name":"天弘沪深300指数增强型发起式证券投资基金","shortName":"天弘沪深300指数增强发起(008592)","custody":"中信建投证券股份有限公司","fundType":"stock","ipoDate":"2019-12-24T16:00:00.000Z","setUpScale":10715800,"__csrcFundId":7029,"fundStatus":"normal","lastUpdated":"2026-06-05T17:13:06.710Z","market":"a","masterFundFlag":1,"inceptionDate":"2019-12-26T16:00:00.000Z","followedNum":104,"fundCollectionId":4000050430000,"currency":"CNY","masterFundShortName":"天弘沪深300指数增强发起","setUpDate":"2019-12-26T16:00:00.000Z","memoNum":2,"pinyin":"thhs300zszqxfqszqtzjj","__indexSourceEastMoney":1,"__indexSourceCsi":1,"indexFundFlag":1,"indexId":1000000000300,"managers":[{"stockCode":"db20295018","stockType":"fund_manager","exchange":"fm","tickerId":2503140530,"name":"杨超"}]},"announcement":{"linkText":"天弘沪深300指数增强型发起式证券投资基金2021年第三季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=655467","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecbd07fea5b3eb04bc66d","date":"2021-06-29T16:00:00.000Z","stockId":3000000008592,"sao":"上半年市场整体经历了较大的震荡和分化，从宽基指数来看：沪深300上涨0.24%，中证500上涨6.93%，中证1000上涨6.58%，创业板指上涨17.22%，市场风格整体向中盘和成长倾斜。如果分行业和板块来看，这一趋势更加明显：上半年电力设备及新能源、电子、医药生物等行业涨幅居前，同时钢铁、化工、采掘、有色等传统周期行业在经济复苏及大宗商品涨价的背景下亦有不俗表现，相比之下，家电、非银金融、地产、农林牧渔等行业则出现了一定程度的下跌。总体而言，未来成长确定性较强或中短期景气度较高的行业在上半年实现了更大的涨幅。报告期内，本基金的业绩比较基准指数（沪深300指数收益率*95%+银行活期存款利率(税后)*5%）上涨0.29%，基金以基准指数为投资基础，并通过选股模型围绕基准进行持续优化，力争在基准的行业分布内精选基本面更为优质的标的，并在结构化风险模型和优化器的辅助下构建收益风险比更具优势的投资组合。受益于上述策略的有效性，报告期内基金在取得基准指数系统性收益的基础上，亦获得了一定程度的超额回报。投资策略方面，本基金作为股票型指数增强基金，在对基准指数进行有效跟踪的基础上，通过对市场结构及公司基本面的持续跟踪分析，利用量化选股模型及优化策略积极抽样组合，力争在控制跟踪误差的同时为投资者提供高于业绩比较基准的投资收益。","declarationDate":"2021-07-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:32:00.263Z","mo":"展望下半年，经济有望整体保持韧性，经过疫情后的快速恢复期，后续边际增速可能逐步向常态回归，并在较长时间内稳定在一个相对较高的水平，但也应注意到相比于出口强势叠加供给约束形成的中上游高景气而言，内需的复苏可能需要经历更加漫长的过程。流动性方面，伴随7月降准，市场对于货币环境趋紧的预期有所缓和，下半年流动性有望整体维持合理充裕，利率中枢存在下行的可能，但金融政策相对趋严可能会成为中长期趋势，权益市场依然不能排除阶段性面临信用边际收缩和流动性边际趋紧后风险偏好降低所带来的行情扰动，上半年市场的结构性行情得到充分演绎，未来成长确定性较强或中短期景气度较高的行业在过去六个月积累了较大涨幅，并反映了相对乐观的预期，短期或面临更大的波动，但从中长期的视角看，在碳中和路线下的能源生产和能源消费方式变革、在自主可控战略下的产业升级和国产替代进程、以及在健康中国和应对人口老龄化背景下的医疗消费升级和医药卫生体制改革，仍将是未来相当长一段时期内值得持续关注的投资领域。基于本基金的主要投向及业绩比较基准指数的行业分布，我们将密切关注沪深300指数中金融、消费、医药、电子、中游制造等主要行业的经营状态及盈利变化，通过对基本面信息的及时跟踪和前瞻性判断，不断优化选股体系，积极把握行业内部的alpha机会。本基金作为股票型指数增强基金，将在对标的指数进行有效跟踪的基础上，结合增强型的主动投资，在控制跟踪误差的同时力争为投资者提供高于业绩比较基准的投资收益。","fund":{"_id":3000000008592,"areaCode":"cn","stockType":"fund","stockCode":"008592","tickerId":8592,"fundSecondLevel":"company","status":"normal","exchange":"jj","name":"天弘沪深300指数增强型发起式证券投资基金","shortName":"天弘沪深300指数增强发起(008592)","custody":"中信建投证券股份有限公司","fundType":"stock","ipoDate":"2019-12-24T16:00:00.000Z","setUpScale":10715800,"__csrcFundId":7029,"fundStatus":"normal","lastUpdated":"2026-06-05T17:13:06.710Z","market":"a","masterFundFlag":1,"inceptionDate":"2019-12-26T16:00:00.000Z","followedNum":104,"fundCollectionId":4000050430000,"currency":"CNY","masterFundShortName":"天弘沪深300指数增强发起","setUpDate":"2019-12-26T16:00:00.000Z","memoNum":2,"pinyin":"thhs300zszqxfqszqtzjj","__indexSourceEastMoney":1,"__indexSourceCsi":1,"indexFundFlag":1,"indexId":1000000000300,"managers":[{"stockCode":"db20295018","stockType":"fund_manager","exchange":"fm","tickerId":2503140530,"name":"杨超"}]},"announcement":{"linkText":"天弘沪深300指数增强型发起式证券投资基金2021年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=634427","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecbd07fea5b3eb04bc66c","stockId":3000000008592,"sao":"报告期内，市场经历了较大幅度的波动，基金的业绩基准指数亦遭遇了一定程度的阶段性回撤，虽然基准指数的Beta收益为负，但受益于指数增强策略的选股有效性，基金在报告期内取得了较为显著的超额收益，从而也使得基金在一季度通过Alpha实现了整体上的正收益。投资策略方面，本基金作为股票型指数增强基金，在对基准指数进行有效跟踪的基础上，通过对市场结构及公司基本面的持续跟踪分析，利用量化选股模型及优化策略积极抽样组合，力争在控制跟踪误差的同时为投资者提供高于业绩比较基准的投资收益。","date":"2021-03-30T16:00:00.000Z","declarationDate":"2021-04-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:32:00.260Z","fund":{"_id":3000000008592,"areaCode":"cn","stockType":"fund","stockCode":"008592","tickerId":8592,"fundSecondLevel":"company","status":"normal","exchange":"jj","name":"天弘沪深300指数增强型发起式证券投资基金","shortName":"天弘沪深300指数增强发起(008592)","custody":"中信建投证券股份有限公司","fundType":"stock","ipoDate":"2019-12-24T16:00:00.000Z","setUpScale":10715800,"__csrcFundId":7029,"fundStatus":"normal","lastUpdated":"2026-06-05T17:13:06.710Z","market":"a","masterFundFlag":1,"inceptionDate":"2019-12-26T16:00:00.000Z","followedNum":104,"fundCollectionId":4000050430000,"currency":"CNY","masterFundShortName":"天弘沪深300指数增强发起","setUpDate":"2019-12-26T16:00:00.000Z","memoNum":2,"pinyin":"thhs300zszqxfqszqtzjj","__indexSourceEastMoney":1,"__indexSourceCsi":1,"indexFundFlag":1,"indexId":1000000000300,"managers":[{"stockCode":"db20295018","stockType":"fund_manager","exchange":"fm","tickerId":2503140530,"name":"杨超"}]},"announcement":{"linkText":"天弘沪深300指数增强型发起式证券投资基金2021年第一季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=574111","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecbd07fea5b3eb04bc66b","stockId":3000000008592,"sao":"2020年市场结构分化巨大，市场机会更多来自自下而上的行业领域，本基金通过积极构建Alpha策略，同时平衡基金在各项风险头寸中的暴露，力求为投资者打造一款持续跑赢沪深300的标准化产品，正因为希望基金的超额收益具有显著性的同时能够同时具备持续性，基金在行业层面减少了不必要的偏离，特别是大类行业的配置上力求风险中性，但是考虑到市场运行节奏是偏创新成长，在Alpha因子暴露上，适当在成长因子上做出适当超配，在组合构建上力求高信息比率的持续稳健操作。全年为投资者创造了显著的超额收益。","date":"2020-12-30T16:00:00.000Z","declarationDate":"2021-01-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:32:00.258Z","mo":"展望2021年，国内经济有望持续恢复，并且由于基数原因，上半年可能维持较高增速，在经济企稳的大环境下，货币政策和财政政策可能边际趋于温和并逐步回归常态。疫苗在全球大范围接种的过程中，海外市场也有望加速复苏并对我国出口形成正向拉动。证券市场方面，在主流指数经历连续两年较大幅度上涨的背景下，多数行业的估值修复过程已经完成，未来盈利增长可能成为驱动价格上行更为重要的因素，同时，市场在经历较长时间上涨后，可能进入波动率逐渐加大的运行区间，不排除阶段性面临信用边际收缩和流动性边际趋紧后风险偏好降低所带来的行情扰动，但中长期看，盈利的修复和增长有望为权益市场提供持续的支撑。基于本基金的主要投向及业绩比较基准指数的行业分布，我们将密切关注沪深300指数中金融、消费、医药、电子、中游制造等主要行业的经营状态及盈利变化，通过对基本面信息的及时跟踪和前瞻性判断，不断优化选股体系，积极把握行业内部的alpha机会。本基金作为股票型指数增强基金，将在对标的指数进行有效跟踪的基础上，结合增强型的主动投资，在控制跟踪误差的同时力争为投资者提供高于业绩比较基准的投资收益。","fund":{"_id":3000000008592,"areaCode":"cn","stockType":"fund","stockCode":"008592","tickerId":8592,"fundSecondLevel":"company","status":"normal","exchange":"jj","name":"天弘沪深300指数增强型发起式证券投资基金","shortName":"天弘沪深300指数增强发起(008592)","custody":"中信建投证券股份有限公司","fundType":"stock","ipoDate":"2019-12-24T16:00:00.000Z","setUpScale":10715800,"__csrcFundId":7029,"fundStatus":"normal","lastUpdated":"2026-06-05T17:13:06.710Z","market":"a","masterFundFlag":1,"inceptionDate":"2019-12-26T16:00:00.000Z","followedNum":104,"fundCollectionId":4000050430000,"currency":"CNY","masterFundShortName":"天弘沪深300指数增强发起","setUpDate":"2019-12-26T16:00:00.000Z","memoNum":2,"pinyin":"thhs300zszqxfqszqtzjj","__indexSourceEastMoney":1,"__indexSourceCsi":1,"indexFundFlag":1,"indexId":1000000000300,"managers":[{"stockCode":"db20295018","stockType":"fund_manager","exchange":"fm","tickerId":2503140530,"name":"杨超"}]},"announcement":{"linkText":"天弘沪深300指数增强型发起式证券投资基金2020年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=558240","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecbd07fea5b3eb04bc66a","stockId":3000000008592,"sao":"进入三季度以来，整体科技股出现了较大波动，沪深300中金融股持续低迷，本基金通过对市场结构的分析跟踪，积极抽样组合，控制跟踪误差的同时创造了一定超额收益。","date":"2020-09-29T16:00:00.000Z","declarationDate":"2020-10-27T16:00:00.000Z","lastUpdated":"2026-03-09T13:32:00.255Z","fund":{"_id":3000000008592,"areaCode":"cn","stockType":"fund","stockCode":"008592","tickerId":8592,"fundSecondLevel":"company","status":"normal","exchange":"jj","name":"天弘沪深300指数增强型发起式证券投资基金","shortName":"天弘沪深300指数增强发起(008592)","custody":"中信建投证券股份有限公司","fundType":"stock","ipoDate":"2019-12-24T16:00:00.000Z","setUpScale":10715800,"__csrcFundId":7029,"fundStatus":"normal","lastUpdated":"2026-06-05T17:13:06.710Z","market":"a","masterFundFlag":1,"inceptionDate":"2019-12-26T16:00:00.000Z","followedNum":104,"fundCollectionId":4000050430000,"currency":"CNY","masterFundShortName":"天弘沪深300指数增强发起","setUpDate":"2019-12-26T16:00:00.000Z","memoNum":2,"pinyin":"thhs300zszqxfqszqtzjj","__indexSourceEastMoney":1,"__indexSourceCsi":1,"indexFundFlag":1,"indexId":1000000000300,"managers":[{"stockCode":"db20295018","stockType":"fund_manager","exchange":"fm","tickerId":2503140530,"name":"杨超"}]},"announcement":{"linkText":"天弘沪深300指数增强型发起式证券投资基金2020年第三季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=492342","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecbd07fea5b3eb04bc669","stockId":3000000008592,"sao":"上半年受新冠疫情和中美关系的不确定性双重影响,行业表现差距巨大，金融上半年表现相对滞后。本基金上半年综合运用多因子模型，在控制风险的前提下，积极朝向Alpha因子暴露，为持有人创造了一定的超额收益。","date":"2020-06-29T16:00:00.000Z","declarationDate":"2020-07-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:32:00.252Z","mo":"展望下半年，在上半年财政和货币政策的调整下，将密切关注实体经济整体3-4季度的盈利改善状况，同时在趋势性低利率环境下，短端利率水平的波动和市场风险偏好的变动将成为系统性风险的阶段性主导因素，我们也将密切关注上市公司的盈利变化和经营状态，第一时间对其基本面信息做出跟踪，对模型进行及时调整，力争为客户获取相对可预期的业绩比较基准收益的前提下，同时获取持续的alpha收益机会。","fund":{"_id":3000000008592,"areaCode":"cn","stockType":"fund","stockCode":"008592","tickerId":8592,"fundSecondLevel":"company","status":"normal","exchange":"jj","name":"天弘沪深300指数增强型发起式证券投资基金","shortName":"天弘沪深300指数增强发起(008592)","custody":"中信建投证券股份有限公司","fundType":"stock","ipoDate":"2019-12-24T16:00:00.000Z","setUpScale":10715800,"__csrcFundId":7029,"fundStatus":"normal","lastUpdated":"2026-06-05T17:13:06.710Z","market":"a","masterFundFlag":1,"inceptionDate":"2019-12-26T16:00:00.000Z","followedNum":104,"fundCollectionId":4000050430000,"currency":"CNY","masterFundShortName":"天弘沪深300指数增强发起","setUpDate":"2019-12-26T16:00:00.000Z","memoNum":2,"pinyin":"thhs300zszqxfqszqtzjj","__indexSourceEastMoney":1,"__indexSourceCsi":1,"indexFundFlag":1,"indexId":1000000000300,"managers":[{"stockCode":"db20295018","stockType":"fund_manager","exchange":"fm","tickerId":2503140530,"name":"杨超"}]},"announcement":{"linkText":"天弘沪深300指数增强型发起式证券投资基金2020年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=461958","linkType":"PDF","source":"csrc_pdf"}}]}