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　　本季度基金A类份额净值上涨2.02%。","lastUpdated":"2026-03-09T13:36:33.066Z","fund":{"_id":3000000009653,"__csrcFundId":8264,"stockCode":"009653","fundSecondLevel":"hybrid","stockType":"fund","areaCode":"cn","market":"a","tickerId":9653,"masterFundFlag":1,"lastUpdated":"2024-12-31T23:39:50.732Z","status":"normal","name":"大成丰享回报混合型证券投资基金","exchange":"jj","inceptionDate":"2020-11-17T16:00:00.000Z","shortName":"大成丰享回报混合A","followedNum":0,"fundCollectionId":4000050090000,"currency":"CNY","masterFundShortName":"大成丰享回报混合","setUpDate":"2020-11-17T16:00:00.000Z","setUpAssetScale":311911578.06,"setUpShares":311911578.06,"pinyin":"dcfxhbhhxzqtzjj","managers":[{"stockCode":"8801366307","stockType":"fund_manager","exchange":"fm","tickerId":190225120120,"name":"苏秉毅"},{"stockCode":"j101020544","stockType":"fund_manager","exchange":"fm","tickerId":260802256530,"name":"郑煌斌"}]},"announcement":{"linkText":"大成丰享回报混合型证券投资基金2025年第3季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1376214","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecce17fea5b3eb04cfea9","date":"2025-06-29T16:00:00.000Z","stockId":3000000009653,"sao":"上半年，宏观经济政策定力良好，最大的变量来自于外部。虽然市场事先已经对关税战有所定价，但真正来临时，短期冲击依然超过了预期。春节后deep seek和机器人成为题材主线，引领市场上涨。接下来受关税冲击影响，四月份市场波动较大，急跌后走出“深V”走势，受流动性影响较大的小盘股尤为明显。之后市场持续回暖，风险偏好也明显改善。沪深300指数上半年上涨0.03%。相对于大盘股票，中小盘股票涨幅更高，弹性优势明显，中证1000和中证2000指数分别上涨6.69%、15.24%。而红利股则在市场情绪较高的时候，同样成为降低指数波动的砝码，表现弱于大市。 　　本基金权益部分风格保持稳定，和中盘股较为接近。上半年权益仓位总体保持在中等水平，在市场受到关税冲击的时候曾一度提升仓位，之后随着市场不断反弹走高，组合也逐渐兑现收益。债券市场宽幅震荡，组合积极调节久期，挖掘利差压缩机会。 　　本年度基金A类份额净值上涨2.07%。","declarationDate":"2025-07-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:36:33.063Z","mo":"展望下半年，我们依然看好股票市场的中长期收益，未来一两年的权益市场有望带来良好回报。即便经济尚未明显复苏，对股票市场也不构成根本制约。但牛市向来不是一蹴而就，短期来看，也必然存在小级别波动。 　　自上而下看，资金持续流入股市，中长线行情远未终结，但自下而上看，自关税冲击以来，不少个股涨幅较多，小微盘股票尤甚。在这种环境下，通常意义上低价所提供的安全边际并不足够，需要结合更多的因素综合考量，选股难度有所上升。 　　基于对市场长线投资价值的判断，本基金下半年权益策略将总体偏积极，也会加入控制回撤的考量，市值维度则和中盘接近。若转债市场整体估值回落，也会积极参与。债券在大类资产中处于相对劣势，组合继续把握票息，关注阶段性超调后修复的交易机会。","fund":{"_id":3000000009653,"__csrcFundId":8264,"stockCode":"009653","fundSecondLevel":"hybrid","stockType":"fund","areaCode":"cn","market":"a","tickerId":9653,"masterFundFlag":1,"lastUpdated":"2024-12-31T23:39:50.732Z","status":"normal","name":"大成丰享回报混合型证券投资基金","exchange":"jj","inceptionDate":"2020-11-17T16:00:00.000Z","shortName":"大成丰享回报混合A","followedNum":0,"fundCollectionId":4000050090000,"currency":"CNY","masterFundShortName":"大成丰享回报混合","setUpDate":"2020-11-17T16:00:00.000Z","setUpAssetScale":311911578.06,"setUpShares":311911578.06,"pinyin":"dcfxhbhhxzqtzjj","managers":[{"stockCode":"8801366307","stockType":"fund_manager","exchange":"fm","tickerId":190225120120,"name":"苏秉毅"},{"stockCode":"j101020544","stockType":"fund_manager","exchange":"fm","tickerId":260802256530,"name":"郑煌斌"}]},"announcement":{"linkText":"大成丰享回报混合型证券投资基金2025年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1346166","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecce17fea5b3eb04cfea8","date":"2025-03-30T16:00:00.000Z","stockId":3000000009653,"sao":"一季度，宏观经济政策保持了良好定力，等待美国关税落地作出应对。宏观相对平稳，本季度A股市场宽基指数也整体呈现震荡局面，一月初短暂下跌后即触底回升，沪深300指数本季度下跌1.21%。对市场最大的影响来自于科技创新，春节后Deepseek和机器人成为题材主线。在其加持下，中小盘股票交易更为活跃，涨幅也相对较高，中证1000和中证2000指数分别上涨4.51%、7.08%。板块之间分化较大，除了题材集中的计算机、汽车板块外，有色、机械也表现较好；而偏防御的煤炭、商贸零售、石化等板块则表现较差，导致上述行业含量较高的红利指数也落后于沪深300指数。　　　　本基金权益部分风格和上季度类似，和中盘股较为接近。鉴于中小盘股票波动相对较大，出于控制回撤的考虑，本季度权益仓位保持在中等水平。　　　　本季度基金A类份额净值上涨0.10%。","declarationDate":"2025-04-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:36:33.061Z","fund":{"_id":3000000009653,"__csrcFundId":8264,"stockCode":"009653","fundSecondLevel":"hybrid","stockType":"fund","areaCode":"cn","market":"a","tickerId":9653,"masterFundFlag":1,"lastUpdated":"2024-12-31T23:39:50.732Z","status":"normal","name":"大成丰享回报混合型证券投资基金","exchange":"jj","inceptionDate":"2020-11-17T16:00:00.000Z","shortName":"大成丰享回报混合A","followedNum":0,"fundCollectionId":4000050090000,"currency":"CNY","masterFundShortName":"大成丰享回报混合","setUpDate":"2020-11-17T16:00:00.000Z","setUpAssetScale":311911578.06,"setUpShares":311911578.06,"pinyin":"dcfxhbhhxzqtzjj","managers":[{"stockCode":"8801366307","stockType":"fund_manager","exchange":"fm","tickerId":190225120120,"name":"苏秉毅"},{"stockCode":"j101020544","stockType":"fund_manager","exchange":"fm","tickerId":260802256530,"name":"郑煌斌"}]},"announcement":{"linkText":"大成丰享回报混合型证券投资基金2025年第1季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1275946","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecce17fea5b3eb04cfea7","date":"2024-12-30T16:00:00.000Z","stockId":3000000009653,"sao":"2024年，政策力度有所增强。标志性变化出现在三季度，一篮子刺激政策密集发布。这映射到股票市场，也使其产生了巨大的振幅。在一季度大幅波动后，市场整体弱势震荡，直到三季度末开启强势上涨，并持续到年底。从区间涨幅来看，大盘指数优势明显，沪深300指数本年度上涨14.68%，中证1000和中证2000指数分别上涨1.20%、下跌2.14%，且中小盘指数当中的波动更大。红利、价值风格相对占优。行业方面，银行领涨所有一级行业，非银行业里的保险、券商分别在不同阶段有优异表现，通信、家电行业也受益红利风格涨幅居前。　　本基金权益部分的市值维度和中盘股接近，较蓝筹股通常弹性更大。在市场低迷期，基金净值出现了一定回撤；而在市场回暖、风险偏好提升的阶段，受益于其弹性，基金净值也有较快修复，最终在四季度创出新高。出于控制回撤的考虑，四季度权益仓位略有下降。债券久期上半年中性偏高，下半年趋于中性。　　　　本年度基金A类份额净值上涨8.23%。","declarationDate":"2025-01-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:36:33.058Z","mo":"展望2025年，我们依然倾向于相信政策已经真正转向，2024年9月的市场中长期底部大概率已经确立，未来一两年的权益市场有望带来良好回报。尽管股市中长期值得乐观，但短期道路也有可能较为曲折。　　面对国内外环境“大变局”，宏大叙事和微观感受之间容易产生出入。无论权益还是固收，投资者观点分歧增大，市场主要矛盾在不同阶段来回切换，波动也在所难免。　　基于对当前市场的估值判断，本基金未来权益策略将总体偏积极。出于控制回撤的考虑，将会根据市场情绪适当逆向调整仓位。","fund":{"_id":3000000009653,"__csrcFundId":8264,"stockCode":"009653","fundSecondLevel":"hybrid","stockType":"fund","areaCode":"cn","market":"a","tickerId":9653,"masterFundFlag":1,"lastUpdated":"2024-12-31T23:39:50.732Z","status":"normal","name":"大成丰享回报混合型证券投资基金","exchange":"jj","inceptionDate":"2020-11-17T16:00:00.000Z","shortName":"大成丰享回报混合A","followedNum":0,"fundCollectionId":4000050090000,"currency":"CNY","masterFundShortName":"大成丰享回报混合","setUpDate":"2020-11-17T16:00:00.000Z","setUpAssetScale":311911578.06,"setUpShares":311911578.06,"pinyin":"dcfxhbhhxzqtzjj","managers":[{"stockCode":"8801366307","stockType":"fund_manager","exchange":"fm","tickerId":190225120120,"name":"苏秉毅"},{"stockCode":"j101020544","stockType":"fund_manager","exchange":"fm","tickerId":260802256530,"name":"郑煌斌"}]},"announcement":{"linkText":"大成丰享回报混合型证券投资基金2024年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1256952","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecce17fea5b3eb04cfea6","date":"2024-09-29T16:00:00.000Z","stockId":3000000009653,"sao":"三季度，宏观经济政策明显发力。随着一篮子刺激政策的发布，投资者的预期和情绪也发生了较大幅度的转变。股票市场弱势震荡几乎整个季度，而在最后半个月剧烈上涨。沪深300指数本季度上涨16.07%。从区间涨幅来看，中小盘指数和大盘大致相当，中证1000和中证2000指数分别上涨16.60%、17.67%，但中小盘指数当中的波动更大。所有一级行业均录得正收益，受益政策刺激的房地产和股市活跃的非银金融涨幅居前，而前期表现稳健的煤炭、石油石化等板块则上涨弹性较低。 　　本基金权益部分风格和上季度类似，和中盘股较为接近，在季末的反弹行情中也展现出一定进攻弹性，基金净值创出历史新高。出于控制回撤的考虑，季末权益仓位略有下降。债券方面，久期稳中有降。　　本季度基金A类份额净值上涨4.96%。","declarationDate":"2024-10-24T16:00:00.000Z","lastUpdated":"2026-03-09T13:36:33.055Z","fund":{"_id":3000000009653,"__csrcFundId":8264,"stockCode":"009653","fundSecondLevel":"hybrid","stockType":"fund","areaCode":"cn","market":"a","tickerId":9653,"masterFundFlag":1,"lastUpdated":"2024-12-31T23:39:50.732Z","status":"normal","name":"大成丰享回报混合型证券投资基金","exchange":"jj","inceptionDate":"2020-11-17T16:00:00.000Z","shortName":"大成丰享回报混合A","followedNum":0,"fundCollectionId":4000050090000,"currency":"CNY","masterFundShortName":"大成丰享回报混合","setUpDate":"2020-11-17T16:00:00.000Z","setUpAssetScale":311911578.06,"setUpShares":311911578.06,"pinyin":"dcfxhbhhxzqtzjj","managers":[{"stockCode":"8801366307","stockType":"fund_manager","exchange":"fm","tickerId":190225120120,"name":"苏秉毅"},{"stockCode":"j101020544","stockType":"fund_manager","exchange":"fm","tickerId":260802256530,"name":"郑煌斌"}]},"announcement":{"linkText":"大成丰享回报混合型证券投资基金2024年第3季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1180396","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecce17fea5b3eb04cfea5","date":"2024-06-29T16:00:00.000Z","stockId":3000000009653,"sao":"上半年，宏观经济运行趋势没有太大改变。投资者风险偏好持续下降，防御风格优势凸显，十年期、三十年期国债期货均创出历史新高。上半年沪深300指数微涨0.89%，而沪深两市股票涨幅中位数约为-23% ，中证2000指数收益也与此大致相当 。高股息风格继续挑起支撑指数的大梁，中证红利指数逆势上涨7.75%。 宏观层面和债券供需层面对债券市场较为有利，长端利率的扰动3月以来有所增加，收益率曲线陡峭化下行。　　上半年，本基金的权益部分风险收益特征和中盘股接近，以获得更好的进攻弹性。但在风险偏好收缩的市场环境中，进取的风格反而遭遇了一定回撤。　　上半年基金A类份额净值下跌0.41%。","declarationDate":"2024-07-18T16:00:00.000Z","lastUpdated":"2026-03-09T13:36:33.052Z","mo":"展望下半年，宏观经济不确定性仍存。股票市场当前的风险偏好水平已经对宏观经济和管理措施充分定价，若政策层面能释放超预期的信号，则投资者的信心有望得到修复。　　基于对当前市场的估值判断，本基金下半年的权益策略将继续偏积极，配置上也会继续偏成长，期望获得市场风险偏好改善的收益。纯债的票息持续降低，其中短期收益高度依赖于资本利得，这需要我们仔细分析各类属资产之间的性价比，尽可能地优化组合。","fund":{"_id":3000000009653,"__csrcFundId":8264,"stockCode":"009653","fundSecondLevel":"hybrid","stockType":"fund","areaCode":"cn","market":"a","tickerId":9653,"masterFundFlag":1,"lastUpdated":"2024-12-31T23:39:50.732Z","status":"normal","name":"大成丰享回报混合型证券投资基金","exchange":"jj","inceptionDate":"2020-11-17T16:00:00.000Z","shortName":"大成丰享回报混合A","followedNum":0,"fundCollectionId":4000050090000,"currency":"CNY","masterFundShortName":"大成丰享回报混合","setUpDate":"2020-11-17T16:00:00.000Z","setUpAssetScale":311911578.06,"setUpShares":311911578.06,"pinyin":"dcfxhbhhxzqtzjj","managers":[{"stockCode":"8801366307","stockType":"fund_manager","exchange":"fm","tickerId":190225120120,"name":"苏秉毅"},{"stockCode":"j101020544","stockType":"fund_manager","exchange":"fm","tickerId":260802256530,"name":"郑煌斌"}]},"announcement":{"linkText":"大成丰享回报混合型证券投资基金2024年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1149946","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecce17fea5b3eb04cfea4","date":"2024-03-30T16:00:00.000Z","stockId":3000000009653,"sao":"一季度，宏观经济运行趋势没有太大改变，十年期、三十年期国债期货高歌猛进，屡创新高。股票市场则经历了较大波动，其中小盘股尤甚。今年一月份，沪深两市股票跌幅中位数超过20%，中证2000指数跌幅达20.97%，而表征大盘股表现的上证50指数仅下跌3.09%。到春节前，包括小盘股在内的绝大多数股票已经止跌，A股市场平复了一次剧烈震荡。其后市场则持续修复，年初至季末沪深300指数上涨3.10%，中证2000指数下跌11.05%。红利风格成为稳定指数的中流砥柱，而成长风格则跌幅较深。　　本季度，在小盘股的风险得到一定释放后，本基金的权益组合仓位保持稳定，而市值有所下沉，以获得更佳的进攻弹性。股票组合持仓市值中位数和中证1000指数相当，风险收益特征和中盘股接近。债券部分久期中枢抬升。　　本季度基金A类份额净值上涨1.31%。","declarationDate":"2024-04-18T16:00:00.000Z","lastUpdated":"2026-03-09T13:36:33.050Z","fund":{"_id":3000000009653,"__csrcFundId":8264,"stockCode":"009653","fundSecondLevel":"hybrid","stockType":"fund","areaCode":"cn","market":"a","tickerId":9653,"masterFundFlag":1,"lastUpdated":"2024-12-31T23:39:50.732Z","status":"normal","name":"大成丰享回报混合型证券投资基金","exchange":"jj","inceptionDate":"2020-11-17T16:00:00.000Z","shortName":"大成丰享回报混合A","followedNum":0,"fundCollectionId":4000050090000,"currency":"CNY","masterFundShortName":"大成丰享回报混合","setUpDate":"2020-11-17T16:00:00.000Z","setUpAssetScale":311911578.06,"setUpShares":311911578.06,"pinyin":"dcfxhbhhxzqtzjj","managers":[{"stockCode":"8801366307","stockType":"fund_manager","exchange":"fm","tickerId":190225120120,"name":"苏秉毅"},{"stockCode":"j101020544","stockType":"fund_manager","exchange":"fm","tickerId":260802256530,"name":"郑煌斌"}]},"announcement":{"linkText":"大成丰享回报混合型证券投资基金2024年第1季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1068429","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecce17fea5b3eb04cfea3","date":"2023-12-30T16:00:00.000Z","stockId":3000000009653,"sao":"经济在经历了一季度需求的集中释放之后，后期复苏进度不及预期。事后看，在经济结构转型的背景下，年初扩张性政策部分退出可以起到部分解释作用。年中7月政治局会议之后，宏观政策有一定变化，但经济和市场的整体方向还没有明显变化。全年实际GDP增速完成了年初的政府目标，而由于GDP平减指数下跌，名义GDP增速较22年反而有所放缓。　　2023年，股债市场有一个共同点，即呈现显著的结构式特征，超额收益品种表现突出。债市的超额收益品种除了是此前一年（22年底）的债市大幅波动中的超跌品种以外，一个和中期宏观预期有关，一个和年中逐渐落地的化债政策有关。组合23年全年的久期水平偏低，主要和基金经理未能脱离2019年以前的分析框架有关。　　股市的超额收益来自于高分红和AI相关。在权益的操作方面，上游资源品、红利价值股和医药个股的投资对组合整体上有正贡献；在大消费上的投资效果不佳，这与居民消费倾向变化不大、消费整体恢复增速不高有关；在科技股上的投资由于没有止盈，全年未有明显正贡献。　　总结来看，均值回归类的投资策略难度相对较低，及早认知到一些结构性变化挑战更大，因为难以区分这真的是“这次不一样”还是“线性外推”的错误。23年的投资运作再次提醒基金经理，有深度的和着眼于中长期的研究对投资业绩起到的决定性作用，对于股债市场的投资皆是如此。","declarationDate":"2024-01-18T16:00:00.000Z","lastUpdated":"2026-03-09T13:36:33.047Z","mo":"截至2024年年初，宏观经济的形势依然延续扩张性政策力度温和、稳增长政策的抓手以制造业为主的特征。相应的，组合的构建上也以应对这种格局为主要的出发点。基金经理在未来将持续努力提高洞察能力，并有所作为，为持有人带来相对稳健的回报。　　我们非常感谢基金份额持有人的信任和支持，我们将按照本基金合同和风险收益特征的要求，严格控制投资风险，积极进行资产配置，适时调整组合结构，研究新的投资品种和挖掘投资机会，力争获得与基金风险特征一致的稳定收益回报给投资者。","fund":{"_id":3000000009653,"__csrcFundId":8264,"stockCode":"009653","fundSecondLevel":"hybrid","stockType":"fund","areaCode":"cn","market":"a","tickerId":9653,"masterFundFlag":1,"lastUpdated":"2024-12-31T23:39:50.732Z","status":"normal","name":"大成丰享回报混合型证券投资基金","exchange":"jj","inceptionDate":"2020-11-17T16:00:00.000Z","shortName":"大成丰享回报混合A","followedNum":0,"fundCollectionId":4000050090000,"currency":"CNY","masterFundShortName":"大成丰享回报混合","setUpDate":"2020-11-17T16:00:00.000Z","setUpAssetScale":311911578.06,"setUpShares":311911578.06,"pinyin":"dcfxhbhhxzqtzjj","managers":[{"stockCode":"8801366307","stockType":"fund_manager","exchange":"fm","tickerId":190225120120,"name":"苏秉毅"},{"stockCode":"j101020544","stockType":"fund_manager","exchange":"fm","tickerId":260802256530,"name":"郑煌斌"}]},"announcement":{"linkText":"大成丰享回报混合型证券投资基金2023年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1057243","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecce17fea5b3eb04cfea2","date":"2023-09-29T16:00:00.000Z","stockId":3000000009653,"sa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