window.pageData = {"stock":{"_id":3000000011166,"stockCode":"011166","shortName":"万家陆家嘴金融城金融债一年定开债券发起式","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":11166,"masterFundFlag":1,"status":"normal","inceptionDate":"2021-02-24T16:00:00.000Z","name":"万家陆家嘴金融城金融债一年定期开放债券型发起式证券投资基金","exchange":"jj","followedNum":1,"fundCollectionId":4000050190000,"currency":"CNY","masterFundShortName":"万家陆家嘴金融城金融债一年定开债券发起式","setUpDate":"2021-02-24T16:00:00.000Z","setUpAssetScale":5519987000,"setUpShares":5519987000,"pinyin":"wjljzjrcjrzyndqkfzqxfqszqtzjj","fundCollection":{"exchange":"jjgs","stockType":"fund_collection","stockCode":"50190000","tickerId":50190000,"name":"万家基金管理有限公司"},"managers":[{"name":"段博卿","stockType":"fund_manager","stockCode":"db20723832","exchange":"fm","tickerId":40217205750}],"hotMetrics":{"fss":{"stockId":3000000011166,"type":"fss","f_s_s_d":"2024-06-29T16:00:00.000Z","f_ins_h_s_r":1,"f_ins_h_s_r_c_hy":0,"f_ins_h_s_r_c_1y":0,"f_ind_h_s_r":0,"f_ind_h_s_r_c_hy":0,"f_ind_h_s_r_c_1y":0,"f_h_a":217,"f_h_s_a":13903442,"last_data_date":"2025-12-30T16:00:00.000Z"},"fpr":{"stockId":3000000011166,"type":"fpr","f_p_r_fys_ssc":7464,"f_p_r_fys_ssrp":0.7179418464424494,"f_p_r_m1_ssc":7585,"f_p_r_m1_ssrp":0.9194356540084389,"f_p_r_m3_ssc":7496,"f_p_r_m3_ssrp":0.6921947965310207,"f_p_r_m6_ssc":7302,"f_p_r_m6_ssrp":0.8471442268182441,"f_p_r_y1_ssc":6833,"f_p_r_y1_ssrp":0.9206674473067916,"f_p_r_y2_ssc":5885,"f_p_r_y2_ssrp":0.6371515975526852,"f_p_r_y3_ssc":4903,"f_p_r_y3_ssrp":0.5979192166462668,"f_cagr_p_r_fs_ssc":7301,"f_cagr_p_r_fs_ssrp":0.39246575342465756},"fp":{"stockId":3000000011166,"type":"fp","f_p_r_fys":0.00786575162314862,"f_p_r_m1":0.0012119175560334483,"f_p_r_m3":0.005384028965491172,"f_p_r_m6":0.007196391067042063,"f_p_r_y1":0.006146333224018807,"f_p_r_d1":-0.0010172939979652407,"f_p_r_y2":0.04686634078342733,"f_p_r_y3":0.08510708973099068,"last_data_date":"2026-05-05T16:00:00.000Z"},"ff":{"stockId":3000000011166,"type":"ff","f_m_f":4694493,"f_m_f_r":0.003,"f_c_f":1564831,"f_c_f_r":0.001,"f_m_a_c_f":6259324,"f_m_a_c_f_r":0.004,"f_m_c_f_d":"2024-09-13T16:00:00.000Z","f_c_fr":0.001,"f_fr_d":"2025-12-30T16:00:00.000Z","f_m_fr":0.003,"f_mac_fr":0.004},"f_nlacan":{"stockId":3000000011166,"type":"f_nlacan","f_nv_d":"2026-05-05T16:00:00.000Z","f_nv":1.0473,"f_nv_cr":-0.000286368843069984},"f_as":{"stockId":3000000011166,"type":"f_as","f_tas":2886471261.8403,"f_tas_d":"2026-03-30T16:00:00.000Z"}},"masterSlaveFunds":[],"bondHoldings":[{"_id":"69e7d7476201787ae12a5251","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-20T16:00:00.000Z","fundId":3000000011166,"stockCode":"220205","stockName":"22国开05","holdings":2100000,"marketCap":225956260,"netValueRatio":0.0783,"lastUpdated":"2026-04-21T20:00:07.622Z"},{"_id":"69e7d7476201787ae12a5252","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-20T16:00:00.000Z","fundId":3000000011166,"stockCode":"250220","stockName":"25国开20","holdings":2000000,"marketCap":200591287,"netValueRatio":0.0695,"lastUpdated":"2026-04-21T20:00:07.626Z"},{"_id":"69e7d7476201787ae12a5253","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-20T16:00:00.000Z","fundId":3000000011166,"stockCode":"210215","stockName":"21国开15","holdings":1800000,"marketCap":196325260,"netValueRatio":0.068,"lastUpdated":"2026-04-21T20:00:07.629Z"},{"_id":"69e7d7476201787ae12a5254","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-20T16:00:00.000Z","fundId":3000000011166,"stockCode":"2528006","stockName":"25中信银行小微债","holdings":1800000,"marketCap":181182299,"netValueRatio":0.0628,"lastUpdated":"2026-04-21T20:00:07.633Z"},{"_id":"69e7d7476201787ae12a5255","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-20T16:00:00.000Z","fundId":3000000011166,"stockCode":"240208","stockName":"24国开08","holdings":1700000,"marketCap":173573726,"netValueRatio":0.0601,"lastUpdated":"2026-04-21T20:00:07.636Z"}]},"list":[{"_id":"69e7d57e6201787ae129f23a","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-20T16:00:00.000Z","stockId":3000000011166,"sao":"2026年1季度债券市场整体震荡，10年国债收益率最高1.9%附近，最低1.77%附近，幅度13bp。全季度利率分化，中短端得益于机构负债稳定，资金面稳定低波，缓慢下行。长端被风险偏好和通胀预期压制，10年期基本处于震荡，30年期全季度震荡上行。全季度利率主要受机构行为影响，市场表现出对久期策略的谨慎，转为杠杆策略。根据投资范围的要求，本产品主要投资于符合陆家嘴金融城主题的债券，择机调整组合的久期水平，力争获取超额收益。根据产品规模的变动，动态调整杠杆水平。　　展望2026年2季度，预计货币政策松紧适度，为巩固经济稳中向好的态势提供适宜的货币环境，利率预计整体平稳。","lastUpdated":"2026-04-21T19:52:30.328Z","fund":{"_id":3000000011166,"__csrcFundId":8751,"stockCode":"011166","shortName":"万家陆家嘴金融城金融债一年定开债券发起式(011166)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":11166,"masterFundFlag":1,"lastUpdated":"2026-04-30T22:40:24.167Z","status":"normal","inceptionDate":"2021-02-24T16:00:00.000Z","name":"万家陆家嘴金融城金融债一年定期开放债券型发起式证券投资基金","exchange":"jj","followedNum":1,"fundCollectionId":4000050190000,"currency":"CNY","masterFundShortName":"万家陆家嘴金融城金融债一年定开债券发起式","setUpDate":"2021-02-24T16:00:00.000Z","setUpAssetScale":5519987000,"setUpShares":5519987000,"pinyin":"wjljzjrcjrzyndqkfzqxfqszqtzjj","managers":[{"stockCode":"db20723832","stockType":"fund_manager","exchange":"fm","tickerId":40217205750,"name":"段博卿"}]},"announcement":{"linkText":"万家陆家嘴金融城金融债一年定期开放债券型发起式证券投资基金2026年第1季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1471494","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69ca13ef0daeb17084fb2a6c","date":"2025-12-30T16:00:00.000Z","declarationDate":"2026-03-29T16:00:00.000Z","stockId":3000000011166,"sao":"2025年1季度债券市场整体上行，10年国债收益率最高1.9%附近，最低1.6%附近，幅度30bp。全季度利率上行比较流畅，主要源于市场去年12月大幅抢跑降息定价后的非理性修正。2025年2季度债券市场整体下行，10年国债收益率最高1.8%附近，最低1.6%附近，幅度20bp。全季度利率主要受4月初关税冲击影响，一次性下行至1.6%左右，随后再1.6%-1.7%区间持续横盘震荡。2025年3季度债券市场整体上行，10年国债收益率最高1.835%附近，最低1.64%附近，幅度20bp。全季度利率主要受风险偏好抬升影响，基本单边上行，途中有少许反弹，持续性较弱，力度不大。得益于稳定的资金面，中短端表现好于长端和超长端，曲线明显走陡。2025年4季度债券市场分化，中短端持续下行，长端超长端上行10年国债收益率最高1.87%附近，最低1.8%附近，幅度7bp。全季度利率主要受机构行为影响，市场表现出对久期策略的谨慎，转为杠杆策略。根据投资范围的要求，本产品主要投资于符合陆家嘴金融城主题的债券，择机调整组合的久期水平，力争获取超额收益。根据产品规模的变动，动态调整杠杆水平。","lastUpdated":"2026-03-30T06:10:55.116Z","mo":"展望2026年1季度，预计货币政策松紧适度，为巩固经济稳中向好的态势提供适宜的货币环境，利率预计整体平稳。","fund":{"_id":3000000011166,"__csrcFundId":8751,"stockCode":"011166","shortName":"万家陆家嘴金融城金融债一年定开债券发起式(011166)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":11166,"masterFundFlag":1,"lastUpdated":"2026-04-30T22:40:24.167Z","status":"normal","inceptionDate":"2021-02-24T16:00:00.000Z","name":"万家陆家嘴金融城金融债一年定期开放债券型发起式证券投资基金","exchange":"jj","followedNum":1,"fundCollectionId":4000050190000,"currency":"CNY","masterFundShortName":"万家陆家嘴金融城金融债一年定开债券发起式","setUpDate":"2021-02-24T16:00:00.000Z","setUpAssetScale":5519987000,"setUpShares":5519987000,"pinyin":"wjljzjrcjrzyndqkfzqxfqszqtzjj","managers":[{"stockCode":"db20723832","stockType":"fund_manager","exchange":"fm","tickerId":40217205750,"name":"段博卿"}]},"announcement":{"linkText":"万家陆家嘴金融城金融债一年定期开放债券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=1452758","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aece517fea5b3eb04e8a2b","date":"2025-09-29T16:00:00.000Z","declarationDate":"2025-10-24T16:00:00.000Z","stockId":3000000011166,"sao":"2025年3季度债券市场整体上行，10年国债收益率最高1.835%附近，最低1.64%附近，幅度20bp。全季度利率主要受风险偏好抬升影响，基本单边上行，途中有少许反弹，持续性较弱，力度不大。得益于稳定的资金面，中短端表现好于长端和超长端，曲线明显走陡。根据投资范围的要求，本产品主要投资于符合陆家嘴金融城主题的债券，择机调整组合的久期水平，力争获取超额收益。根据产品规模的变动，动态调整杠杆水平。　　展望后市，利率经过三季度的上行，对当前经济基本面以及流动性均有了较为充分的定价。展望2025年四季度，预计货币政策松紧适度，为巩固经济稳中向好的态势提供适宜的货币环境，利率预计整体平稳。","lastUpdated":"2026-03-09T13:42:41.425Z","fund":{"_id":3000000011166,"__csrcFundId":8751,"stockCode":"011166","shortName":"万家陆家嘴金融城金融债一年定开债券发起式(011166)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":11166,"masterFundFlag":1,"lastUpdated":"2026-04-30T22:40:24.167Z","status":"normal","inceptionDate":"2021-02-24T16:00:00.000Z","name":"万家陆家嘴金融城金融债一年定期开放债券型发起式证券投资基金","exchange":"jj","followedNum":1,"fundCollectionId":4000050190000,"currency":"CNY","masterFundShortName":"万家陆家嘴金融城金融债一年定开债券发起式","setUpDate":"2021-02-24T16:00:00.000Z","setUpAssetScale":5519987000,"setUpShares":5519987000,"pinyin":"wjljzjrcjrzyndqkfzqxfqszqtzjj","managers":[{"stockCode":"db20723832","stockType":"fund_manager","exchange":"fm","tickerId":40217205750,"name":"段博卿"}]},"announcement":{"linkText":"万家陆家嘴金融城金融债一年定期开放债券型发起式证券投资基金2025年第3季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1371987","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aece517fea5b3eb04e8a2a","date":"2025-06-29T16:00:00.000Z","stockId":3000000011166,"sao":"2025年1季度债券市场整体上行，10年国债收益率最高1.9%附近，最低1.6%附近，幅度30bp。全季度利率上行比较流畅，主要源于市场去年12月大幅抢跑降息定价后的非理性修正。2025年2季度债券市场整体下行，10年国债收益率最高1.8%附近，最低1.6%附近，幅度20bp。季度内利率走势主要受4月初关税冲击影响，收益率一次性快速下行，触及1.6%左右低点，随后在1.6%-1.7%区间持续横盘震荡。根据投资范围的要求，本产品主要投资于符合陆家嘴金融城主题的债券，择机调整组合的久期水平，力争获取超额收益。根据产品规模的变动，动态调整杠杆水平。","declarationDate":"2025-07-17T16:00:00.000Z","lastUpdated":"2026-03-09T13:42:41.422Z","mo":"利率经过二季度的下行和震荡横盘，对当前经济基本面以及流动性均有了较为充分的定价。展望2025年三季度，预计货币政策松紧适度，为巩固经济稳中向好的态势提供适宜的货币环境，利率预计整体平稳。","fund":{"_id":3000000011166,"__csrcFundId":8751,"stockCode":"011166","shortName":"万家陆家嘴金融城金融债一年定开债券发起式(011166)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":11166,"masterFundFlag":1,"lastUpdated":"2026-04-30T22:40:24.167Z","status":"normal","inceptionDate":"2021-02-24T16:00:00.000Z","name":"万家陆家嘴金融城金融债一年定期开放债券型发起式证券投资基金","exchange":"jj","followedNum":1,"fundCollectionId":4000050190000,"currency":"CNY","masterFundShortName":"万家陆家嘴金融城金融债一年定开债券发起式","setUpDate":"2021-02-24T16:00:00.000Z","setUpAssetScale":5519987000,"setUpShares":5519987000,"pinyin":"wjljzjrcjrzyndqkfzqxfqszqtzjj","managers":[{"stockCode":"db20723832","stockType":"fund_manager","exchange":"fm","tickerId":40217205750,"name":"段博卿"}]},"announcement":{"linkText":"万家陆家嘴金融城金融债一年定期开放债券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=1344151","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aece517fea5b3eb04e8a29","date":"2025-03-30T16:00:00.000Z","stockId":3000000011166,"sao":"2025年1季度债券市场整体上行，10年国债收益率最高1.9%附近，最低1.6%附近，幅度30bp。全季度利率上行比较流畅，主要源于市场去年12月大幅抢跑降息定价后的非理性修正。根据投资范围的要求，本产品主要投资于符合陆家嘴金融城主题的债券，择机调整组合的久期水平，力争获取超额收益。根据产品规模的变动，动态调整杠杆水平。　　后续展望方面，利率经过一季度的上行，对当前经济基本面以及流动性均有了较为充分的定价。展望2025年二季度，预计货币政策松紧适度，且有进一步宽松的空间为巩固经济稳中向好的态势提供适宜的货币环境，利率大幅上行风险不高。在货币政策可能进一步宽松的背景下，预计利率整体平稳。","declarationDate":"2025-04-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:42:41.420Z","fund":{"_id":3000000011166,"__csrcFundId":8751,"stockCode":"011166","shortName":"万家陆家嘴金融城金融债一年定开债券发起式(011166)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":11166,"masterFundFlag":1,"lastUpdated":"2026-04-30T22:40:24.167Z","status":"normal","inceptionDate":"2021-02-24T16:00:00.000Z","name":"万家陆家嘴金融城金融债一年定期开放债券型发起式证券投资基金","exchange":"jj","followedNum":1,"fundCollectionId":4000050190000,"currency":"CNY","masterFundShortName":"万家陆家嘴金融城金融债一年定开债券发起式","setUpDate":"2021-02-24T16:00:00.000Z","setUpAssetScale":5519987000,"setUpShares":5519987000,"pinyin":"wjljzjrcjrzyndqkfzqxfqszqtzjj","managers":[{"stockCode":"db20723832","stockType":"fund_manager","exchange":"fm","tickerId":40217205750,"name":"段博卿"}]},"announcement":{"linkText":"万家陆家嘴金融城金融债一年定期开放债券型发起式证券投资基金2025年第1季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1268668","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aece517fea5b3eb04e8a28","date":"2024-12-30T16:00:00.000Z","stockId":3000000011166,"sao":"2024年1季度债券市场整体下行，10年国债收益率最高2.55%附近，最低2.25%附近，幅度30bp。全季度利率下行比较流畅，主要得益于市场对货币政策宽松的期待以及一季度整体政府债券供给对债券市场相对友好。2季度债券市场整体震荡偏强运行。10年国债收益率最高2.38附近，最低2.2附近，幅度18bp。全季度债券走势比较强势，主要得益于资金面的稳定以及二季度整体政府债券供给对债券市场相对友好。具体来说，4月市场先走强，后在央行的风险提示下快速调整。5月市场对潜在调整风险保持警惕，但供需层面对债券比较友好，非关键期限利率逐步回落，关键期限利率则保持震荡。6月在非关键期限利率逐步回落的带动下，关键期限利率开始跟随回落。2024年3季度债券市场整体震荡偏强运行。10年国债收益率最高2.3%附近，最低2.0%附近，幅度30bp。全季度债券走势比较强势，主要得益于资金面的稳定以及良好的货币环境。具体来说，7月市场先走强，后在央行的超预期降息之后达到阶段性低点2.08%左右。8月央行开始进行关键期限的公开市场交易，市场有所调整。9月市场在进一步货币政策宽松的预期下再次走强，随着货币政策的落地，10年国债利率低点达到2.0%。2024年4季度债券市场利率基本呈现单边下行的态势。10年国债收益率最高2.19%附近，最低1.67%附近，幅度超50bp。全季度债券走势比较强势，主要得益于资金面的稳定以及良好的货币环境。具体来说，自9月末市场对经济预期迅速提升叠加机构赎回卖出等因素导致债市快速调整后，债券收益率便缓慢开始修复。12月初，货币政策定调改为适度宽松，叠加年底配置盘提前配置，利率开始快速下行，至12月中后基本维持横盘震荡。根据投资范围的要求，本产品主要投资于符合陆家嘴金融城主题的债券，择机调整组合的久期水平，力争获取超额收益。根据产品规模的变动，动态调整杠杆水平，收益在同类产品中表现较好。","declarationDate":"2025-01-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:42:41.417Z","mo":"利率经过长时间较大幅度的下行，对当前经济基本面以及流动性宽松均有了较为充分的定价。展望下一季度，预计本届政府坚持高质量发展的思路，货币政策松紧适度，预计利率整体平稳。","fund":{"_id":3000000011166,"__csrcFundId":8751,"stockCode":"011166","shortName":"万家陆家嘴金融城金融债一年定开债券发起式(011166)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":11166,"masterFundFlag":1,"lastUpdated":"2026-04-30T22:40:24.167Z","status":"normal","inceptionDate":"2021-02-24T16:00:00.000Z","name":"万家陆家嘴金融城金融债一年定期开放债券型发起式证券投资基金","exchange":"jj","followedNum":1,"fundCollectionId":4000050190000,"currency":"CNY","masterFundShortName":"万家陆家嘴金融城金融债一年定开债券发起式","setUpDate":"2021-02-24T16:00:00.000Z","setUpAssetScale":5519987000,"setUpShares":5519987000,"pinyin":"wjljzjrcjrzyndqkfzqxfqszqtzjj","managers":[{"stockCode":"db20723832","stockType":"fund_manager","exchange":"fm","tickerId":40217205750,"name":"段博卿"}]},"announcement":{"linkText":"万家陆家嘴金融城金融债一年定期开放债券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=1254964","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aece517fea5b3eb04e8a27","date":"2024-09-29T16:00:00.000Z","stockId":3000000011166,"sao":"2024年3季度债券市场整体震荡偏强运行。10年国债收益率最高2.3%附近，最低2.0%附近，幅度30bp。全季度债券走势比较强势，主要得益于资金面的稳定以及良好的货币环境。具体来说，7月市场先走强，后在央行的超预期降息之后达到阶段性低点2.08%左右。8月央行开始进行关键期限的公开市场交易，市场有所调整。9月市场在进一步货币政策宽松的预期下再次走强，随着货币政策的落地，10年国债利率低点达到2.0%。根据投资范围的要求，本产品主要投资于符合陆家嘴金融城主题的债券，择机调整组合的久期水平，力争获取超额收益。根据产品规模的变动，动态调整杠杆水平，全年收益在同类产品中表现较好。　　后续展望，利率经过长时间较大幅度的下行，对当前经济基本面以及流动性宽松均有了较为充分的定价。展望下一季度，预计本届政府坚持高质量发展的思路，货币政策松紧适度，预计利率整体平稳。","declarationDate":"2024-10-23T16:00:00.000Z","lastUpdated":"2026-03-09T13:42:41.415Z","fund":{"_id":3000000011166,"__csrcFundId":8751,"stockCode":"011166","shortName":"万家陆家嘴金融城金融债一年定开债券发起式(011166)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":11166,"masterFundFlag":1,"lastUpdated":"2026-04-30T22:40:24.167Z","status":"normal","inceptionDate":"2021-02-24T16:00:00.000Z","name":"万家陆家嘴金融城金融债一年定期开放债券型发起式证券投资基金","exchange":"jj","followedNum":1,"fundCollectionId":4000050190000,"currency":"CNY","masterFundShortName":"万家陆家嘴金融城金融债一年定开债券发起式","setUpDate":"2021-02-24T16:00:00.000Z","setUpAssetScale":5519987000,"setUpShares":5519987000,"pinyin":"wjljzjrcjrzyndqkfzqxfqszqtzjj","managers":[{"stockCode":"db20723832","stockType":"fund_manager","exchange":"fm","tickerId":40217205750,"name":"段博卿"}]},"announcement":{"linkText":"万家陆家嘴金融城金融债一年定期开放债券型发起式证券投资基金2024年第3季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1170499","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aece517fea5b3eb04e8a26","date":"2024-06-29T16:00:00.000Z","stockId":3000000011166,"sao":"2024年1季度债券市场整体下行，10年期国债收益率最高2.55%附近，最低2.25%附近，幅度30bp。全季度利率下行比较流畅，主要得益于市场对货币政策宽松的期待以及一季度整体政府债券供给对债券市场相对友好。2季度债券市场整体震荡偏强运行。10年期国债收益率最高2.38%附近，最低2.2%附近，幅度18bp。全季度债券走势比较强势，主要得益于资金面的稳定以及二季度整体政府债券供给对债券市场相对友好。具体来说，4月市场先走强，后在央行的风险提示下快速调整。5月市场对潜在调整风险保持警惕，但供需层面对债券比较友好，非关键期限利率逐步回落，关键期限利率则保持震荡。6月在非关键期限利率逐步回落的带动下，关键期限利率开始跟随回落。根据投资范围的要求，本产品主要投资于符合陆家嘴金融城主题的债券，择机调整组合的久期水平，力争获取超额收益。根据产品规模的变动，动态调整杠杆水平，收益在同类产品中表现较好。","declarationDate":"2024-07-17T16:00:00.000Z","lastUpdated":"2026-03-09T13:42:41.412Z","mo":"利率经过长时间较大幅度的下行，对当前经济基本面以及流动性宽松均有了较为充分的定价。展望下半年，预计本届政府坚持高质量发展的思路，货币政策松紧适度，且有进一步宽松的空间为巩固经济稳中向好的态势提供适宜的货币环境，利率大幅上行风险不高。在货币政策可能进一步宽松的背景下，预计利率整体稳中有降。","fund":{"_id":3000000011166,"__csrcFundId":8751,"stockCode":"011166","shortName":"万家陆家嘴金融城金融债一年定开债券发起式(011166)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":11166,"masterFundFlag":1,"lastUpdated":"2026-04-30T22:40:24.167Z","status":"normal","inceptionDate":"2021-02-24T16:00:00.000Z","name":"万家陆家嘴金融城金融债一年定期开放债券型发起式证券投资基金","exchange":"jj","followedNum":1,"fundCollectionId":4000050190000,"currency":"CNY","masterFundShortName":"万家陆家嘴金融城金融债一年定开债券发起式","setUpDate":"2021-02-24T16:00:00.000Z","setUpAssetScale":5519987000,"setUpShares":5519987000,"pinyin":"wjljzjrcjrzyndqkfzqxfqszqtzjj","managers":[{"stockCode":"db20723832","stockType":"fund_manager","exchange":"fm","tickerId":40217205750,"name":"段博卿"}]},"announcement":{"linkText":"万家陆家嘴金融城金融债一年定期开放债券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=1149199","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aece517fea5b3eb04e8a25","date":"2024-03-30T16:00:00.000Z","stockId":3000000011166,"sao":"2024年一季度债券市场整体下行，十年期国债收益率最高2.55%附近，最低2.25%附近，幅度30bp。整个一季度利率下行比较流畅，主要得益于市场对货币政策宽松的期待以及一季度政府债券整体供给对债券市场相对友好。　　根据投资范围的要求，本产品主要投资于符合陆家嘴金融城主题的债券，择机调整组合的久期水平，并根据产品规模的变动，动态调整杠杆水平，力争获取超额收益。　　利率经过长时间较大幅度的下行，对当前经济基本面以及流动性宽松均有了较为充分的定价。展望后市，预计高质量发展的思路将延续，货币政策松紧适度，且有进一步宽松的空间为巩固经济稳中向好的态势提供适宜的货币环境，利率大幅上行风险不高。在货币政策可能进一步宽松的背景下，预计利率整体稳中有降。","declarationDate":"2024-04-18T16:00:00.000Z","lastUpdated":"2026-03-09T13:42:41.409Z","fund":{"_id":3000000011166,"__csrcFundId":8751,"stockCode":"011166","shortName":"万家陆家嘴金融城金融债一年定开债券发起式(011166)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":11166,"masterFundFlag":1,"lastUpdated":"2026-04-30T22:40:24.167Z","status":"normal","inceptionDate":"2021-02-24T16:00:00.000Z","name":"万家陆家嘴金融城金融债一年定期开放债券型发起式证券投资基金","exchange":"jj","followedNum":1,"fundCollectionId":4000050190000,"currency":"CNY","masterFundShortName":"万家陆家嘴金融城金融债一年定开债券发起式","setUpDate":"2021-02-24T16:00:00.000Z","setUpAssetScale":5519987000,"setUpShares":5519987000,"pinyin":"wjljzjrcjrzyndqkfzqxfqszqtzjj","managers":[{"stockCode":"db20723832","stockType":"fund_manager","exchange":"fm","tickerId":40217205750,"name":"段博卿"}]},"announcement":{"linkText":"万家陆家嘴金融城金融债一年定期开放债券型发起式证券投资基金2024年第1季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1068270","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aece517fea5b3eb04e8a24","date":"2023-12-30T16:00:00.000Z","stockId":3000000011166,"sao":"2023年1季度债券市场整体呈现先上后下走势，十年期国债收益率最高2.94%附近，最低2.81%附近，幅度13bp。利率1月在资金面逐步收敛、市场进一步对经济强复苏进行定价、临近春节假期持仓意愿较弱等因素叠加下走出单边上行；2月在部分领域复苏强度不及预期、资金面偏紧等因素下，长端小幅下行，短端震荡上行；3月在风险偏好持续下降、资金面整体宽松、同业存单利率顶部回落等因素影响下各期限利率整体回落。2023年2季度债券市场整体单边走牛，十年期国债收益率最高2.85%附近，最低2.6%附近，幅度25bp。利率在整个2季度下行流畅，几乎没有回调：4月先在资金面宽松，存款利率下调，政治局会议定调高质量发展不走老路等因素下单边下行；5月在达到关键点位2.7%左右后，市场没有新增信息，持续横盘震荡，但1-3年利率债和商金债在资金宽松的背景下有一定相对明显的下行幅度；6月在降息的推动下先下行，后在预期稳增长政策进一步出台的背景下明显上行，但月末随着情绪修复再次下行。2023年3季度债券收益率整体先下后上，十年期国债收益率最高2.7%附近，最低2.54%附近，幅度16bp。7-8月，利率延续上半年下行趋势，在资金面宽松、政策利率下调等因素下持续下行，并创下年内新低。9月，利率在地产政策持续加码、大量一级政府债券发行、资金价格中枢提升、基本面数据逐步改善的背景下持续上行。2023年4季度债券收益率整体先上后下，十年期国债收益率最高2.7%附近，最低2.55%附近，幅度15bp。10月，利率延续3季度上行趋势，在资金面偏紧、政府债券发行量较大、经济逐步恢复等因素下持续上行。11月，利率有一定回落，但由于供给仍大且资金面并不稳定，又再次走高。12月，在央行呵护跨年资金面且政府债券发行趋于结束、配置资金逐步开始配置的背景下利率逐步回落。　　根据投资范围的要求，本产品主要投资于符合陆家嘴金融城主题的债券，择机调整组合的久期水平，力争获取超额收益。","declarationDate":"2024-01-18T16:00:00.000Z","lastUpdated":"2026-03-09T13:42:41.407Z","mo":"利率经过长时间较大幅度的下行，对当前经济基本面以及流动性宽松均有了较为充分的定价。展望2024年，预计本届政府坚持高质量发展的思路，货币政策松紧适度，且有进一步宽松的空间为巩固经济稳中向好的态势提供适宜的货币环境，利率大幅上行风险不高。在货币政策可能进一步宽松的背景下，预计利率整体稳中有降。","fund":{"_id":3000000011166,"__csrcFundId":8751,"stockCode":"011166","shortName":"万家陆家嘴金融城金融债一年定开债券发起式(011166)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":11166,"masterFundFlag":1,"lastUpdated":"2026-04-30T22:40:24.167Z","status":"normal","inceptionDate":"2021-02-24T16:00:00.000Z","name":"万家陆家嘴金融城金融债一年定期开放债券型发起式证券投资基金","exchange":"jj","followedNum":1,"fundCollectionId":4000050190000,"currency":"CNY","masterFundShortName":"万家陆家嘴金融城金融债一年定开债券发起式","setUpDate":"2021-02-24T16:00:00.000Z","setUpAssetScale":5519987000,"setUpShares":5519987000,"pinyin":"wjljzjrcjrzyndqkfzqxfqszqtzjj","managers":[{"stockCode":"db20723832","stockType":"fund_manager","exchange":"fm","tickerId":40217205750,"name":"段博卿"}]},"announcement":{"linkText":"万家陆家嘴金融城金融债一年定期开放债券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=1056128","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aece517fea5b3eb04e8a23","date":"2023-09-29T16:00:00.000Z","stockId":3000000011166,"sao":"2023年3季度债券收益率整体先下后上，十年期国债收益率最高2.7%附近，最低2.54%附近，幅度16bp。7-8月，利率延续上半年下行趋势，在资金面宽松、政策利率下调等因素下持续下行，并创下年内新低。9月，利率在地产政策持续加码、大量一级政府债券发行、资金价格中枢提升、基本面数据逐步改善的背景下持续上行。　　根据投资范围的要求，本产品主要投资于符合陆家嘴金融城主题的债券，产品择机调整组合的久期水平，并根据产品规模的变动，动态调整杠杆水平，力争获取超额收益。　　展望后市，今年利率经过长时间较大幅度的下行，对当前经济基本面偏弱以及流动性宽松均有了较为充分的定价。随着稳增长政策逐步出台落地，并且资金价格中枢有所抬升，利率短期的阶段性底部可能已经探明，但预计短期债券市场仍逆风。当政策进一步落实且利率调整至政策利率之上的较高位置时，可能是下半年较好的配置时机。","declarationDate":"2023-10-23T16:00:00.000Z","lastUpdated":"2026-03-09T13:42:41.404Z","fund":{"_id":3000000011166,"__csrcFundId":8751,"stockCode":"011166","shortName":"万家陆家嘴金融城金融债一年定开债券发起式(011166)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":11166,"masterFundFlag":1,"lastUpdated":"2026-04-30T22:40:24.167Z","status":"normal","inceptionDate":"2021-02-24T16:00:00.000Z","name":"万家陆家嘴金融城金融债一年定期开放债券型发起式证券投资基金","exchange":"jj","followedNum":1,"fundCollectionId":4000050190000,"currency":"CNY","masterFundShortName":"万家陆家嘴金融城金融债一年定开债券发起式","setUpDate":"2021-02-24T16:00:00.000Z","setUpAssetScale":5519987000,"setUpShares":5519987000,"pinyin":"wjljzjrcjrzyndqkfzqxfqszqtzjj","managers":[{"stockCode":"db20723832","stockType":"fund_manager","exchange":"fm","tickerId":40217205750,"name":"段博卿"}]},"announcement":{"linkText":"万家陆家嘴金融城金融债一年定期开放债券型发起式证券投资基金2023年第3季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=985400","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aece517fea5b3eb04e8a22","date":"2023-06-29T16:00:00.000Z","stockId":3000000011166,"sao":"2023年1季度债券市场整体呈现先上后下走势，十年期国债收益率最高2.94%附近，最低2.81%附近，幅度13bp。利率2023年1月在资金面逐步收敛、市场进一步对经济强复苏进行定价、临近春节假期持仓意愿较弱等因素叠加下走出单边上行；2月在部分领域复苏强度不及预期、资金面偏紧等因素下，长端小幅下行，短端震荡上行；3月在风险偏好持续下降、资金面整体宽松、同业存单利率顶部回落等因素影响下各期限利率整体回落。2023年2季度债券市场整体单边走牛，十年期国债收益率最高2.85%附近，最低2.6%附近，幅度25bp。利率在整个2季度下行流畅，几乎没有回调：4月先在资金面宽松，存款利率下调，政治局会议定调高质量发展、不走老路搞地产基建刺激等因素下单边下行；5月在达到关键点位2.7%左右后，市场没有新增信息，持续横盘震荡，但1-3年利率债和商金债在资金宽松的背景下有一定相对明显的下行幅度；6月在降息的推动下先下行，后在预期稳增长政策进一步出台的背景下明显上行，但月末随着情绪修复再次下行。　　根据投资范围的要求，本产品主要投资于符合陆家嘴金融城主题的债券，择机调整基金的久期水平，力争获取超额收益。根据产品规模的变动，动态调整杠杆水平，为投资者创造了较好的收益。","declarationDate":"2023-07-19T16:00:00.000Z","lastUpdated":"2026-03-09T13:42:41.402Z","mo":"展望后市，利率经过长时间较大幅度的下行，对当前经济基本面偏弱以及流动性宽松均有了较为充分的定价，长端利率一度几乎打平去年8月低点，叠加市场对下一阶段政府可能出台一批新的稳增长政策的预期，短期货币政策宽松牌已经打出落地，在此背景下，长端利率有获利了结和对基本面重定价的诉求，后续调整空间取决于政策力度。但预计本届政府坚持高质量发展的思路，出台强力的地产和基建等对债券杀伤力较大政策的概率不高，且货币环境整体预计保持宽松，因此债市系统性风险相对有限。另一方面，随着政策冲击的落地，利率在有了一定调整之后，仍有可能继续挑战去年前低，但能否突破去年前低，取决于基本面是否仍偏弱，从而带动货币政策进一步放松。","fund":{"_id":3000000011166,"__csrcFundId":8751,"stockCode":"011166","shortName":"万家陆家嘴金融城金融债一年定开债券发起式(011166)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":11166,"masterFundFlag":1,"lastUpdated":"2026-04-30T22:40:24.167Z","status":"normal","inceptionDate":"2021-02-24T16:00:00.000Z","name":"万家陆家嘴金融城金融债一年定期开放债券型发起式证券投资基金","exchange":"jj","followedNum":1,"fundCollectionId":4000050190000,"currency":"CNY","masterFundShortName":"万家陆家嘴金融城金融债一年定开债券发起式","setUpDate":"2021-02-24T16:00:00.000Z","setUpAssetScale":5519987000,"setUpShares":5519987000,"pinyin":"wjljzjrcjrzyndqkfzqxfqszqtzjj","managers":[{"stockCode":"db20723832","stockType":"fund_manager","exchange":"fm","tickerId":40217205750,"name":"段博卿"}]},"announcement":{"linkText":"万家陆家嘴金融城金融债一年定期开放债券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=960183","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aece517fea5b3eb04e8a21","date":"2023-03-30T16:00:00.000Z","stockId":3000000011166,"sao":"2023年一季度债券市场整体呈现先上后下走势，十年期国债收益率最高2.94%附近，最低2.81%附近，幅度13bp。利率2023年1月在资金面逐步收敛、市场进一步对经济强复苏进行定价、临近春节假期持仓意愿较弱等因素叠加下走出单边上行；2月在部分领域复苏强度不及预期、资金面偏紧等因素下，长端小幅下行，短端震荡上行；3月在风险偏好持续下降、资金面整体宽松、同业存单利率顶部回落等因素影响下各期限利率整体回落。　　根据投资范围的要求，本产品择机调整组合的久期水平，力争获取超额收益。根据产品规模的变动，动态调整杠杆水平，为投资者创造了较好的收益。　　展望2023年二季度，预计经济仍处于恢复向上的通道，并且同比有进一步走高的动能。市场将持续观察经济复苏的进程，以及货币政策相应的变化。市场已经对进一步出台稳增长政策有一定预期，但经济向上复苏的速度和幅度仍然需要密切观察。预计2023年二季度货币政策仍将保持较为宽松的状态，并且仍然保持相机抉择，若有必要，预计货币政策将进一步加大力度以更好地支持经济向上恢复。　　具体对应到债券市场方面：目前市场位置来看，中短端部分修复了前期的谨慎定价，并定价了一部分2023年4月资金利率维持低位的预期，因此若央行继续维持中性的调控模式，即使DR007围绕OMO利率波动，中短端估值层面可能仍处于合理区间。长端距离高点下行幅度不大，但也已经达到了去年全面调整防控政策之前的调整高点2.85%，此位置应该具有较大阻力。长端来说，短期进一步下行需要有力的新增利多进行明显刺激。整体上判断2023年二季度长端利率仍处于窄区间震荡。","declarationDate":"2023-04-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:42:41.399Z","fund":{"_id":3000000011166,"__csrcFundId":8751,"stockCode":"011166","shortName":"万家陆家嘴金融城金融债一年定开债券发起式(011166)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":11166,"masterFundFlag":1,"lastUpdated":"2026-04-30T22:40:24.167Z","status":"normal","inceptionDate":"2021-02-24T16:00:00.000Z","name":"万家陆家嘴金融城金融债一年定期开放债券型发起式证券投资基金","exchange":"jj","followedNum":1,"fundCollectionId":4000050190000,"currency":"CNY","masterFundShortName":"万家陆家嘴金融城金融债一年定开债券发起式","setUpDate":"2021-02-24T16:00:00.000Z","setUpAssetScale":5519987000,"setUpShares":5519987000,"pinyin":"wjljzjrcjrzyndqkfzqxfqszqtzjj","managers":[{"stockCode":"db20723832","stockType":"fund_manager","exchange":"fm","tickerId":40217205750,"name":"段博卿"}]},"announcement":{"linkText":"万家陆家嘴金融城金融债一年定期开放债券型发起式证券投资基金2023年第1季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=884885","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aece517fea5b3eb04e8a20","date":"2022-12-30T16:00:00.000Z","stockId":3000000011166,"sao":"2022年债券市场整体呈现震荡状态。十年期国债收益率在第一季度和第二季度基本处于2.7%-2.85%区间震荡状态，波动主要源于稳增长、宽信用政策预期和疫情反复之间的拉锯。第三季度由于疫情多点发散，叠加地产预期更为悲观，央行进行降息操作，利率整体下行较为流畅。第四季度主要是防疫政策优化带来了对经济复苏预期的明显改善，叠加理财负债端的赎回压力，利率出现明显调整。回顾来看，十年期国债收益率全年上行6bp，1-3年政策性金融债收益率全年下行3-8bp。整体波动与历史相比有一定减弱。　　根据投资范围的要求，本产品择机调整组合的久期水平，力争获取超额收益。根据产品规模的变动，动态调整杠杆水平，全年取得较好收益。","declarationDate":"2023-01-19T16:00:00.000Z","lastUpdated":"2026-03-09T13:42:41.396Z","mo":"展望2023年，在防疫优化与后续进一步出台稳增长政策的预期下，利率有一定回升压力。此外，由于需求恢复快于供给，因此通胀确实有一定隐忧，通胀应该已进入了央行观察的范围之中。在稳增长诉求下，货币和财政政策都具备进一步宽松的空间和弹性，财政政策为主、货币政策配合财政发力。财政方面预计支出规模会保持在当前高位，发力点主要在减税+基建。房地产方面，边际松动的方向仍然明确，但效果仍需要进一步观察。　　具体对应到债券市场方面：预计货币政策不会出现系统性的去杠杆的收紧动作，因此债券市场仍不具备系统性风险。判断1-3年政金债对应的中短端更多跟随资金面与货币政策预期，但全年中枢保持基本稳定。目前中短端定价相对谨慎，因此在目前仍较高的息差水平下仍然具有性价比。长端利率全年可能呈现一定上行压力，主要取决于基本面数据对复苏的印证。但由于十年国债利率已经处于不低水平，预计复苏带来的上行压力也相对有限。","fund":{"_id":3000000011166,"__csrcFundId":8751,"stockCode":"011166","shortName":"万家陆家嘴金融城金融债一年定开债券发起式(011166)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":11166,"masterFundFlag":1,"lastUpdated":"2026-04-30T22:40:24.167Z","status":"normal","inceptionDate":"2021-02-24T16:00:00.000Z","name":"万家陆家嘴金融城金融债一年定期开放债券型发起式证券投资基金","exchange":"jj","followedNum":1,"fundCollectionId":4000050190000,"currency":"CNY","masterFundShortName":"万家陆家嘴金融城金融债一年定开债券发起式","setUpDate":"2021-02-24T16:00:00.000Z","setUpAssetScale":5519987000,"setUpShares":5519987000,"pinyin":"wjljzjrcjrzyndqkfzqxfqszqtzjj","managers":[{"stockCode":"db20723832","stockType":"fund_manager","exchange":"fm","tickerId":40217205750,"name":"段博卿"}]},"announcement":{"linkText":"万家陆家嘴金融城金融债一年定期开放债券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=867986","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aece517fea5b3eb04e8a1f","date":"2022-09-29T16:00:00.000Z","stockId":3000000011166,"sao":"2022年3季度债券市场整体呈现先下后上走势，10年国债收益率最高2.85附近，最低2.58附近，幅度27bp。利率先在7月局部疫情反弹、地产下行、资金面显著宽松的背景下下行，后在8月央行超预期降息的推动下进一步下行。9月中下旬，利率在稳增长政策进一步加码、市场集中获利了结以及对汇率的担忧下快速上行至降息前水平附近。3季度市场运行逻辑较为清晰，行情流畅，一改前两季度的纠结状态，是今年以来最为顺畅的一段行情。根据投资范围的要求，本产品择机调整组合的久期水平，力争获取超额收益。根据产品规模的变动，动态调整杠杆、久期水平，为投资者创造了较好的收益。  展望2022年4季度，在3季度多重利好和预期已经兑现的背景下，市场将持续观察经济复苏的进程，以及货币政策相应的变化。市场已经对进一步出台稳增长政策有一定预期，但经济向上复苏的持续性仍然需要密切观察。货币政策预计仍然保持相机抉择，若有必要，预计货币政策仍将进一步加大力度以更好地支持经济向上恢复。  具体对应到债券市场方面：预计长端收益率有一定压力，但预计货币政策不会出现系统性的去杠杆的收紧动作，因此债券市场仍不具备系统性风险。并且在9月中下旬收益率已经大幅上行，可以说绝大部分压力得到了释放。中短端更多交易当期资金面，前期中短端定价并未过多透支政策利率空间，因此在目前仍较高的息差水平下仍然具有性价比。","declarationDate":"2022-10-24T16:00:00.000Z","lastUpdated":"2026-03-09T13:42:41.394Z","fund":{"_id":3000000011166,"__csrcFundId":8751,"stockCode":"011166","shortName":"万家陆家嘴金融城金融债一年定开债券发起式(011166)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":11166,"masterFundFlag":1,"lastUpdated":"2026-04-30T22:40:24.167Z","status":"normal","inceptionDate":"2021-02-24T16:00:00.000Z","name":"万家陆家嘴金融城金融债一年定期开放债券型发起式证券投资基金","exchange":"jj","followedNum":1,"fundCollectionId":4000050190000,"currency":"CNY","masterFundShortName":"万家陆家嘴金融城金融债一年定开债券发起式","setUpDate":"2021-02-24T16:00:00.000Z","setUpAssetScale":5519987000,"setUpShares":5519987000,"pinyin":"wjljzjrcjrzyndqkfzqxfqszqtzjj","managers":[{"stockCode":"db20723832","stockType":"fund_manager","exchange":"fm","tickerId":40217205750,"name":"段博卿"}]},"announcement":{"linkText":"万家陆家嘴金融城金融债一年定期开放债券型发起式证券投资基金2022年第3季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=803100","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aece517fea5b3eb04e8a1e","date":"2022-06-29T16:00:00.000Z","stockId":3000000011166,"sao":"回顾来看，2022年上半年债券市场整体呈现窄幅震荡格局，10年国开收益率最高3.12附近，最低2.92附近，幅度20bp，整体波动较历史相比有一定减弱。具体来说：收益率年初在对货币政策进一步宽松以及宽信用担忧的推动下下行，后在2月份公布的金融数据大幅好于预期，各地持续推进地产放松政策的背景下逐步回升，3月又在对货币政策的憧憬、金融数据低于预期、部分城市疫情反复的推动下逐步下行。二季度来看：4月利率先在局部疫情扩散、资金面显著宽松的背景下下行，后在央行降准幅度不及预期以及局部疫情数据拐点下上行调整。5月在资金面仍维持宽松，且疫情管控仍严格的背景下利率再次逐步下行。6月随着疫情结束，市场开始预期经济复苏，利率重新上行至1季度末水平附近。整体波动仍然不大，幅度类似于1季度。根据投资范围的要求，本产品择机调整组合的久期水平，力争获取超额收益。根据产品规模的变动，动态调整杠杆、久期水平，为投资者创造了较好的收益。","declarationDate":"2022-07-19T16:00:00.000Z","lastUpdated":"2026-03-09T13:42:41.391Z","mo":"展望2022年下半年，随着疫情结束，市场将持续观察经济复苏的进程，以及货币政策相应的变化。短期经济有望对疫情期间进行“填坑”。但经济向上复苏的持续性和力度存在一定的不确定性，仍然需要密切观察。货币政策预计仍保持相对宽松以支持经济向上恢复。    具体对应到债券市场方面：市场预期将逐步与现实进行同步，长端利率可能也因预期差产生交易机会。中短端更多交易当期资金面，前期中短端定价并未过多透支政策利率空间，因此在目前仍较高的息差水平下仍然具有性价比。","fund":{"_id":3000000011166,"__csrcFundId":8751,"stockCode":"011166","shortName":"万家陆家嘴金融城金融债一年定开债券发起式(011166)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":11166,"masterFundFlag":1,"lastUpdated":"2026-04-30T22:40:24.167Z","status":"normal","inceptionDate":"2021-02-24T16:00:00.000Z","name":"万家陆家嘴金融城金融债一年定期开放债券型发起式证券投资基金","exchange":"jj","followedNum":1,"fundCollectionId":4000050190000,"currency":"CNY","masterFundShortName":"万家陆家嘴金融城金融债一年定开债券发起式","setUpDate":"2021-02-24T16:00:00.000Z","setUpAssetScale":5519987000,"setUpShares":5519987000,"pinyin":"wjljzjrcjrzyndqkfzqxfqszqtzjj","managers":[{"stockCode":"db20723832","stockType":"fund_manager","exchange":"fm","tickerId":40217205750,"name":"段博卿"}]},"announcement":{"linkText":"万家陆家嘴金融城金融债一年定期开放债券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=782279","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aece517fea5b3eb04e8a1d","date":"2022-03-30T16:00:00.000Z","stockId":3000000011166,"sao":"1、市场回顾  一季度，国内经济稳中向好，无论是基建投资、房地产调控政策还是货币政策取向，都显示出政府对于稳增长的诉求较强。在“天量”社融数据的影响下，债券市场在二月份发生了比较明显的调整，平均收益率水平上行超过20bp。三月中旬，受疫情反复的影响，深圳与上海先后采取城市静止的应对措施，导致市场对于经济复苏的预期再次发生分歧，债券收益率拐头往下，且变动幅度较大速度较快，大部分机构参与难度较大。海外方面，美联储如期进入加息周期，受地缘政治和战争的双重影响，大宗商品价格高企，美债收益率长短端倒挂，预示美国未来有经济衰退的风险。  2、组合回顾  本组合在严控信用风险的同时，择机提高组合收益表现。二月份恰逢产品开放期，在做好流动性管理的同时，逐步调整组合久期和杠杆水平。总体来看，二月份的操作较为贴合市场节奏，三月份的表现相对中性，在保持流动性安全的前提下，力争获取超额收益。  3、市场展望及投资策略  展望2022年二季度，预计疫情影响会逐步趋弱，但管控措施不会发生根本变化，经济活动会阶段性受到冲击，具体影响程度较难判断，各类资产的定价将产生更多不确定性。输入型通胀压力仍在逐步抬头中，国内政策腾挪的空间更加有限。在配置需求的支撑下，预计债券市场保持震荡格局。","declarationDate":"2022-04-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:42:41.388Z","fund":{"_id":3000000011166,"__csrcFundId":8751,"stockCode":"011166","shortName":"万家陆家嘴金融城金融债一年定开债券发起式(011166)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":11166,"masterFundFlag":1,"lastUpdated":"2026-04-30T22:40:24.167Z","status":"normal","inceptionDate":"2021-02-24T16:00:00.000Z","name":"万家陆家嘴金融城金融债一年定期开放债券型发起式证券投资基金","exchange":"jj","followedNum":1,"fundCollectionId":4000050190000,"currency":"CNY","masterFundShortName":"万家陆家嘴金融城金融债一年定开债券发起式","setUpDate":"2021-02-24T16:00:00.000Z","setUpAssetScale":5519987000,"setUpShares":5519987000,"pinyin":"wjljzjrcjrzyndqkfzqxfqszqtzjj","managers":[{"stockCode":"db20723832","stockType":"fund_manager","exchange":"fm","tickerId":40217205750,"name":"段博卿"}]},"announcement":{"linkText":"万家陆家嘴金融城金融债一年定期开放债券型发起式证券投资基金2022年第1季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=723172","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aece517fea5b3eb04e8a1c","date":"2021-12-30T16:00:00.000Z","stockId":3000000011166,"sao":"本产品根据合同的约定，择优选取相应债券品种，根据宏观经济的变化，结合中观行业的趋势，选择更为适宜的投资时点，择机提高组合收益表现。具体策略上，主要投资于政府信用债券品种，整体信用风险极低，主要的超额收益来源，是通过部分仓位参与长久期利率债的波段交易。在分析研究宏观经济的同时，密切跟踪全年债券市场的走势与趋势，结合资金面的变化情况，动态调整产品的久期和杠杆水平。回顾来看，产品全年的收益表现稳健向好。","declarationDate":"2022-01-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:42:41.386Z","mo":"全年来看，国内经济增速前高后低，主因是政府在经济增长压力较小的周期内，进一步加强中长期的经济转型工作，经济整体稳杠杆的同时，加快跨经济结构的调整工作。同期，德尔塔等变种病毒在全球迅速传播，不仅加重了国内防疫工作的难度，还显著拉长了全球经济恢复周期。受到全球各主要经济体货币宽松周期拉长的影响，原油等商品价格波动加大，通货膨胀预期显著抬头。展望2022年，伴随美联储加息周期的到来，国内货币政策的空间进一步受到挤压。预计政府的工作重心由调结构逐步回归稳增长，中期来看国内经济有不断向好的趋势，整体向好程度还有待进一步观察。待趋势明朗之后，各类资产价格都将出现相应变动。","fund":{"_id":3000000011166,"__csrcFundId":8751,"stockCode":"011166","shortName":"万家陆家嘴金融城金融债一年定开债券发起式(011166)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":11166,"masterFundFlag":1,"lastUpdated":"2026-04-30T22:40:24.167Z","status":"normal","inceptionDate":"2021-02-24T16:00:00.000Z","name":"万家陆家嘴金融城金融债一年定期开放债券型发起式证券投资基金","exchange":"jj","followedNum":1,"fundCollectionId":4000050190000,"currency":"CNY","masterFundShortName":"万家陆家嘴金融城金融债一年定开债券发起式","setUpDate":"2021-02-24T16:00:00.000Z","setUpAssetScale":5519987000,"setUpShares":5519987000,"pinyin":"wjljzjrcjrzyndqkfzqxfqszqtzjj","managers":[{"stockCode":"db20723832","stockType":"fund_manager","exchange":"fm","tickerId":40217205750,"name":"段博卿"}]},"announcement":{"linkText":"万家陆家嘴金融城金融债一年定开债券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=710679","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aece517fea5b3eb04e8a1b","date":"2021-09-29T16:00:00.000Z","stockId":3000000011166,"sao":"三季度，国内资本市场的投资逻辑有两个比较强的主线，一个是货币政策宽松的预期，另一个是地产调控加强的预期。这两根主线都利多于债券品种，债券市场也走出了一波比较明显的上涨行情，而权益市场呈现较为明显的轮动行情。从实际公布的每月各项经济数据来看，国内经济仍有相对韧性，进出口数据有超预期的增长，而以煤炭为代表的商品价格上涨，再次推动ppi数据进一步上行。海外方面，美国经济数据继续恢复，就业数据也保持强劲，叠加通胀已达到预期目标，美联储大概率将在四季度开始缩减购债规模。本组合在研究影响债市相关因素的基础上，根据各期限品种的相对收益价值，择机调整持仓的结构。结合货币市场流动性预期，动态调整组合久期和杠杆水平，主要通过长期限品种的增减仓，择机获取超额收益。国内方面，市场对于地产行业预期较为悲观，但存在否极泰来，出现政策面边际修正的情况。在这种不确定下，预计四季度的投资难度较大。考虑到资本市场的相对估值均不低，债券市场难以保持三季度的强势。海外方面，疫情影响逐步消除，经济复苏的势头不减。","declarationDate":"2021-10-25T16:00:00.000Z","lastUpdated":"2026-03-09T13:42:41.383Z","fund":{"_id":3000000011166,"__csrcFundId":8751,"stockCode":"011166","shortName":"万家陆家嘴金融城金融债一年定开债券发起式(011166)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":11166,"masterFundFlag":1,"lastUpdated":"2026-04-30T22:40:24.167Z","status":"normal","inceptionDate":"2021-02-24T16:00:00.000Z","name":"万家陆家嘴金融城金融债一年定期开放债券型发起式证券投资基金","exchange":"jj","followedNum":1,"fundCollectionId":4000050190000,"currency":"CNY","masterFundShortName":"万家陆家嘴金融城金融债一年定开债券发起式","setUpDate":"2021-02-24T16:00:00.000Z","setUpAssetScale":5519987000,"setUpShares":5519987000,"pinyin":"wjljzjrcjrzyndqkfzqxfqszqtzjj","managers":[{"stockCode":"db20723832","stockType":"fund_manager","exchange":"fm","tickerId":40217205750,"name":"段博卿"}]},"announcement":{"linkText":"万家陆家嘴金融城金融债一年定期开放债券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=651870","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aece517fea5b3eb04e8a1a","date":"2021-06-29T16:00:00.000Z","stockId":3000000011166,"sao":"本产品严控信用风险，臻选具有相对投资价值的债券品种，主要投资品种是政策性金融债。根据债券市场的变化节奏，调整组合的久期水平。根据资金面的变化，做好组合的流动性管理。在上半年债券市场的震荡行情中，产品整体呈现稳健向上的收益特征。","declarationDate":"2021-07-19T16:00:00.000Z","lastUpdated":"2026-03-09T13:42:41.380Z","mo":"上半年国内经济继续保持良好态势，与国外主要经济体相比，各项经济数据呈现不同程度更佳表现。不仅完全摆脱了新冠疫情的影响，更承担起了全球“生产工厂”的角色，在国际生产分工协作中占据了更多的市场份额。年初，权益市场消化了估值的压力，短期宽幅震荡之后再次进入上涨通道。债券市场在流动性收紧的预期之下，也出现了一定程度的调整。之后，随着流动性收紧预期的逐步证伪，债券收益率也较年初大幅下行，半年末的中短端期限品种收益率创下年内新低。展望下半年，随着经济增速逐步回归潜在增长中枢，预计货币政策维持稳健中性的基调，债券市场在稳定的政策环境中，应该能够继续保持较好的趋势。同时，关注美联储货币政策的边际变化，关注地缘政治对于经济活动的影响。","fund":{"_id":3000000011166,"__csrcFundId":8751,"stockCode":"011166","shortName":"万家陆家嘴金融城金融债一年定开债券发起式(011166)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":11166,"masterFundFlag":1,"lastUpdated":"2026-04-30T22:40:24.167Z","status":"normal","inceptionDate":"2021-02-24T16:00:00.000Z","name":"万家陆家嘴金融城金融债一年定期开放债券型发起式证券投资基金","exchange":"jj","followedNum":1,"fundCollectionId":4000050190000,"currency":"CNY","masterFundShortName":"万家陆家嘴金融城金融债一年定开债券发起式","setUpDate":"2021-02-24T16:00:00.000Z","setUpAssetScale":5519987000,"setUpShares":5519987000,"pinyin":"wjljzjrcjrzyndqkfzqxfqszqtzjj","managers":[{"stockCode":"db20723832","stockType":"fund_manager","exchange":"fm","tickerId":40217205750,"name":"段博卿"}]},"announcement":{"linkText":"万家陆家嘴金融城金融债一年定期开放债券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=632077","linkType":"PDF","source":"csrc_pdf"}}]}