window.pageData = {"stock":{"_id":3000000011617,"name":"汇添富AAA级信用纯债债券型证券投资基金","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","stockCode":"011617","tickerId":11617,"shortName":"汇添富AAA级信用纯债E","exchange":"jj","inceptionDate":"2021-02-21T16:00:00.000Z","followedNum":0,"fundCollectionId":4000050460000,"currency":"CNY","status":"normal","masterFundFlag":null,"activeFundFlag":null,"classificationFlag":null,"closedEnd":null,"etfFundFlag":null,"feederFundFlag":null,"indexFundFlag":null,"lofFundFlag":null,"pensionTargetFlag":null,"pinyin":"htfaaajxyczzqxzqtzjj","fundCollection":{"exchange":"jjgs","stockType":"fund_collection","stockCode":"50460000","tickerId":50460000,"name":"汇添富基金管理股份有限公司"},"managers":[{"name":"杨靖","stockType":"fund_manager","stockCode":"db20670661","exchange":"fm","tickerId":2510198840}],"hotMetrics":{"fss":{"stockId":3000000011617,"type":"fss","f_s_s_d":"2024-06-29T16:00:00.000Z","f_ins_h_s_r":0.9734999999999999,"f_ind_h_s_r":0.0265,"f_h_a":2711,"f_h_s_a":387694,"f_ind_h_s_r_c_1y":0.0113,"f_ind_h_s_r_c_hy":0.004699999999999999,"f_ins_h_s_r_c_1y":-0.011300000000000088,"f_ins_h_s_r_c_hy":-0.0047000000000000375,"last_data_date":"2025-06-29T16:00:00.000Z"},"fpr":{"stockId":3000000011617,"type":"fpr","f_p_r_fys_ssc":7460,"f_p_r_fys_ssrp":0.15310363319479822,"f_p_r_m1_ssc":7596,"f_p_r_m1_ssrp":0.2196181698485846,"f_p_r_m3_ssc":7519,"f_p_r_m3_ssrp":0.12011173184357542,"f_p_r_m6_ssc":7331,"f_p_r_m6_ssrp":0.19536152796725784,"f_p_r_y1_ssc":6862,"f_p_r_y1_ssrp":0.44731088762571053,"f_p_r_y2_ssc":5918,"f_p_r_y2_ssrp":0.4928173060672638,"f_p_r_y3_ssc":4915,"f_p_r_y3_ssrp":0.4719169719169719,"f_cagr_p_r_fs_ssc":7295,"f_cagr_p_r_fs_ssrp":0.37222374554428295,"f_p_r_y5_ssc":3334,"f_p_r_y5_ssrp":0.4389438943894389},"fp":{"stockId":3000000011617,"type":"fp","f_p_r_fys":0.019803685207508304,"f_p_r_m1":0.0032187023547345373,"f_p_r_m3":0.01152959262106057,"f_p_r_m6":0.017637071141757277,"f_p_r_y1":0.019991097951286285,"f_cagr_p_r_fs":0.03275597137663677,"f_p_r_d1":-0.0007808433107759916,"f_p_r_y2":0.052451917900231626,"f_p_r_y3":0.09346198181553,"last_data_date":"2026-05-19T16:00:00.000Z","f_p_r_y5":0.16944885831475087},"ff":{"stockId":3000000011617,"type":"ff","f_m_f":17376761,"f_m_f_r":0.003,"f_c_f":5792253,"f_c_f_r":0.001,"f_m_a_c_f":23169014,"f_m_a_c_f_r":0.004,"f_m_c_f_d":"2025-02-20T16:00:00.000Z","f_c_fr":0.001,"f_fr_d":"2026-02-12T16:00:00.000Z","f_m_fr":0.003,"f_mac_fr":0.004},"f_nlacan":{"stockId":3000000011617,"type":"f_nlacan","f_nv_d":"2026-05-19T16:00:00.000Z","f_nv":1.1844,"f_nv_cr":0.00033783783783780663},"f_as":{"stockId":3000000011617,"type":"f_as","f_tas":417241218.4659,"f_tas_d":"2026-03-30T16:00:00.000Z"}},"masterSlaveFunds":[{"_id":3000000006884,"__csrcFundId":5965,"stockCode":"006884","shortName":"汇添富AAA级信用纯债(006884)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":6884,"masterFundFlag":1,"lastUpdated":"2026-04-30T20:24:53.450Z","status":"normal","inceptionDate":"2019-02-21T16:00:00.000Z","name":"汇添富AAA级信用纯债债券型证券投资基金","exchange":"jj","followedNum":3,"fundCollectionId":4000050460000,"currency":"CNY","masterFundShortName":"汇添富AAA级信用纯债","pinyin":"htfaaajxyczzqxzqtzjj"},{"_id":3000000006885,"name":"汇添富AAA级信用纯债债券型证券投资基金","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","stockCode":"006885","tickerId":6885,"shortName":"汇添富AAA级信用纯债C","__csrcFundId":5965,"lastUpdated":"2025-01-08T23:14:15.937Z","exchange":"jj","inceptionDate":"2019-02-21T16:00:00.000Z","followedNum":1,"fundCollectionId":4000050460000,"currency":"CNY","status":"normal","masterFundFlag":null,"activeFundFlag":null,"classificationFlag":null,"closedEnd":null,"etfFundFlag":null,"feederFundFlag":null,"indexFundFlag":null,"lofFundFlag":null,"pensionTargetFlag":null,"pinyin":"htfaaajxyczzqxzqtzjj"}],"bondHoldings":[{"_id":"69e8f9851398d79843000c90","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000006884,"stockCode":"232480020","stockName":"24兴业银行二级资本债01","holdings":1200000,"marketCap":125184657,"netValueRatio":0.0659,"lastUpdated":"2026-04-22T16:38:29.605Z"},{"_id":"69e8f9851398d79843000c91","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000006884,"stockCode":"2422015","stockName":"24招联消费金融债03","holdings":1000000,"marketCap":103350684,"netValueRatio":0.0544,"lastUpdated":"2026-04-22T16:38:29.609Z"},{"_id":"69e8f9851398d79843000c92","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000006884,"stockCode":"232480033","stockName":"24建行二级资本债02A","holdings":1000000,"marketCap":102933304,"netValueRatio":0.0542,"lastUpdated":"2026-04-22T16:38:29.613Z"},{"_id":"69e8f9851398d79843000c93","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000006884,"stockCode":"2228042","stockName":"22农业银行二级02","holdings":800000,"marketCap":89441600,"netValueRatio":0.0471,"lastUpdated":"2026-04-22T16:38:29.616Z"},{"_id":"69e8f9851398d79843000c94","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000006884,"stockCode":"2228018","stockName":"22邮储银行二级02","holdings":800000,"marketCap":87573387,"netValueRatio":0.0461,"lastUpdated":"2026-04-22T16:38:29.619Z"}]},"list":[{"_id":"69e8ead21398d79843fe8b9f","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","stockId":3000000006884,"sao":"2026年一季度，国内债券市场呈现震荡分化的运行态势，信用债表现整体优于利率债，收益率曲线陡峭化的特征明显。报告期内，资金面整体维持充裕，叠加一季度的存单净融资量同比减少，1年期AAA存单利率由1.63%左右持续下行至1.50%附近，为其它债券品种的表现打开了空间。特别是信用债市场表现较强，各期限、各评级普遍下行了10-20bp。在中低评级的信用利差普遍收窄至历史低位的同时，超长债的期限利差却持续走阔至历史较高水平，如国债30年和10年的利差由年初的40bp左右震荡走高至55bp附近。在国内市场流动性充裕、全球股票和商品市场波动加大、中东地缘形势不明的背景下，债券市场在中短端的交易相对拥挤，在超长端的分歧显著。本报告期内，本基金投资以AAA高等级信用债为主。","lastUpdated":"2026-04-22T15:35:46.020Z","fund":{"_id":3000000006884,"__csrcFundId":5965,"stockCode":"006884","shortName":"汇添富AAA级信用纯债(006884)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":6884,"masterFundFlag":1,"lastUpdated":"2026-04-30T20:24:53.450Z","status":"normal","inceptionDate":"2019-02-21T16:00:00.000Z","name":"汇添富AAA级信用纯债债券型证券投资基金","exchange":"jj","followedNum":3,"fundCollectionId":4000050460000,"currency":"CNY","masterFundShortName":"汇添富AAA级信用纯债","pinyin":"htfaaajxyczzqxzqtzjj","managers":[{"stockCode":"db20670661","stockType":"fund_manager","exchange":"fm","tickerId":2510198840,"name":"杨靖"}]},"announcement":{"linkText":"汇添富AAA级信用纯债债券型证券投资基金2026年第1季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1474880","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aeca277fea5b3eb049e71e","date":"2025-12-30T16:00:00.000Z","declarationDate":"2026-01-21T16:00:00.000Z","stockId":3000000006884,"sao":"2025年四季度，债券市场以震荡分化为主，收益率曲线在期限形态上进一步陡峭化。在整个报告期内，资金价格总体维持宽松，支撑了中短端债券资产的表现，例如1年期AAA存单利率围绕1.65%窄幅波动，3年期国开债券利率从1.80%震荡下行至1.70%附近。在结构性供给担忧、机构行为等因素影响下，10年及以上的长期限品种表现较弱，如30年期国债的收益率在报告期内呈现V型走势，年底收益率基本和9月底持平。在不同品种和类属资产方面，交易属性较强的二永债表现较弱，如5年期AAA银行二级资本债和同期限AAA企业债的利差走扩至近年来的高位；而配置属性更强的中低等级城投债，信用利差则维持在历史较低水平。从国际视角看，美联储12月再度降息，报告期内的10年期美国国债在4.0%-4.2%区间震荡，人民币兑美元的离岸汇率由7.13左右震荡走强至7.0附近。本报告期内，本基金投资以AAA高等级信用债为主。","lastUpdated":"2026-03-09T13:24:55.930Z","fund":{"_id":3000000006884,"__csrcFundId":5965,"stockCode":"006884","shortName":"汇添富AAA级信用纯债(006884)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":6884,"masterFundFlag":1,"lastUpdated":"2026-04-30T20:24:53.450Z","status":"normal","inceptionDate":"2019-02-21T16:00:00.000Z","name":"汇添富AAA级信用纯债债券型证券投资基金","exchange":"jj","followedNum":3,"fundCollectionId":4000050460000,"currency":"CNY","masterFundShortName":"汇添富AAA级信用纯债","pinyin":"htfaaajxyczzqxzqtzjj","managers":[{"stockCode":"db20670661","stockType":"fund_manager","exchange":"fm","tickerId":2510198840,"name":"杨靖"}]},"announcement":{"linkText":"汇添富AAA级信用纯债债券型证券投资基金2025年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1457604","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aeca277fea5b3eb049e71d","date":"2025-09-29T16:00:00.000Z","declarationDate":"2025-10-27T16:00:00.000Z","stockId":3000000006884,"sao":"2025年三季度，债券市场出现明显调整。各品种、各期限的利差快速走阔，债券基金的净值表现普遍承压。整个报告期内，股票市场表现亮眼，整体的风险偏好显著抬升，对债券形成持续压制。同时，“反内卷”推升中长期的通胀预期，“公募基金费率新规”引发对机构行为的担忧，债券利率的上行基本贯穿了整个季度。即使在资金面维持相对宽松的情况下，中债10年期国债收益率曲线仍然从1.65%上行至1.90%附近，信用债、政金债和国债之间的利差快速走阔，甚至创下近两年来的高点。其中虽然有增值税减免政策调整带来的影响，但整体反映出债券市场的走势较为疲弱。从国际视角看，美联储9月重启降息，报告期内的10年期美国国债由4.25%震荡下行至4.10%附近，人民币兑美元的离岸汇率震荡走强，变化幅度不大。本报告期内，本基金投资以AAA高等级信用债为主。","lastUpdated":"2026-03-09T13:24:55.926Z","fund":{"_id":3000000006884,"__csrcFundId":5965,"stockCode":"006884","shortName":"汇添富AAA级信用纯债(006884)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":6884,"masterFundFlag":1,"lastUpdated":"2026-04-30T20:24:53.450Z","status":"normal","inceptionDate":"2019-02-21T16:00:00.000Z","name":"汇添富AAA级信用纯债债券型证券投资基金","exchange":"jj","followedNum":3,"fundCollectionId":4000050460000,"currency":"CNY","masterFundShortName":"汇添富AAA级信用纯债","pinyin":"htfaaajxyczzqxzqtzjj","managers":[{"stockCode":"db20670661","stockType":"fund_manager","exchange":"fm","tickerId":2510198840,"name":"杨靖"}]},"announcement":{"linkText":"汇添富AAA级信用纯债债券型证券投资基金2025年第3季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1374287","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aeca277fea5b3eb049e71c","date":"2025-06-29T16:00:00.000Z","stockId":3000000006884,"sao":"回顾2025年上半年，债券利率震荡为主，一季度显著上行，二季度有所修复。在报告期内，债券收益率曲线整体呈现熊平走势，5年期以内的债券收益率较年初总体上行15-20bp，10年期及以上的利率基本和年初持平。具体来看，1月初，在货币政策适度宽松和降准降息的预期下，市场利率创下近年来的新低。此后，随着央行公告暂停国债买卖，同时银行间资金价格持续高于预期，以1年期存单为代表的短端收益率显著抬升，从低点的1.55%左右上行约50bp至2.0%上方。因为短端收益率的调整幅度较大、持续时间较长，叠加以恒生科技指数为代表的权益市场热度提升，长端利率自2月开始出现一轮较为明显的波动。10年期国债利率，从低点1.60%上行至3月中的1.90%左右，过程中一度引发了债券市场对负反馈的担忧。3月下旬，随着资金价格有所缓和，带动各类债券出现了一定程度的回暖，1年期存单和10年期国债的利率分别回落至1.90%和1.80%附近。整个一季度，债券基金的表现较为疲弱，负收益的情况较为普遍。进入二季度后，债券估值得到一定修复，交易窗口主要集中在4月上旬。4月初，受全球贸易政策变化的影响，国内外股市都出现较大振幅，国内债券收益率在一周内快速下行15-20bp，基本走完了整个二季度的交易行情。4月中旬以后，随着贸易形势缓和、全球股市回暖，债市转为窄幅震荡。5月，央行进行了降准降息操作，资金价格持续稳中有落，银行间隔夜融资的利率逐步下探至1.40%左右，带动中短端收益率小幅下行。至6月底，1年期的AAA银行存单利率在1.63%左右，10年期国债收益率约1.65%。本报告期内，本基金继续坚持高安全性和高流动性的投资方向，配置以AAA高等级信用债为主，同时灵活参与市场交易。","declarationDate":"2025-07-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:24:55.913Z","mo":"展望2025下半年，外部环境复杂多变，全球贸易政策的不确定性仍然较大；国内经济仍然面临有效需求不足、社会预期偏弱等挑战，预计逆周期调节的政策将择机推出。从基本面需求和货币政策基调看，下半年存在降准降息的可能，流动性水平将总体维持充裕水平。在紧盯国内政策动向和经济数据的同时，也将密切关注美联储的操作、美债利率走势及全球金融商品市场的波动情况，努力做好不同市场情况的应对。在绝对收益率和各类利差逐步走低的现实环境下，债券投资的收益预期也在逐步下调，需要持续思考对组合流动性和波动性的再平衡，在投资操作上更加重视精细化的投资机会。","fund":{"_id":3000000006884,"__csrcFundId":5965,"stockCode":"006884","shortName":"汇添富AAA级信用纯债(006884)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":6884,"masterFundFlag":1,"lastUpdated":"2026-04-30T20:24:53.450Z","status":"normal","inceptionDate":"2019-02-21T16:00:00.000Z","name":"汇添富AAA级信用纯债债券型证券投资基金","exchange":"jj","followedNum":3,"fundCollectionId":4000050460000,"currency":"CNY","masterFundShortName":"汇添富AAA级信用纯债","pinyin":"htfaaajxyczzqxzqtzjj","managers":[{"stockCode":"db20670661","stockType":"fund_manager","exchange":"fm","tickerId":2510198840,"name":"杨靖"}]},"announcement":{"linkText":"汇添富AAA级信用纯债债券型证券投资基金2025年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1342537","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aeca277fea5b3eb049e71b","date":"2025-03-30T16:00:00.000Z","stockId":3000000006884,"sao":"2025年一季度，债券利率震荡上行，各期限、各品种都出现了较为明显的调整。1月初，在货币政策适度宽松和降准降息的预期下，市场利率创下近年来的新低。此后，随着央行公告暂停国债买卖，同时银行间资金价格持续高于预期，以1年期存单为代表的短端收益率显著抬升，从低点的1.55%左右上行约50bp至2.0%上方。因为短端收益率的调整幅度较大、持续时间较长，叠加以恒生科技指数为代表的权益市场热度提升，长端利率自2月开始出现一轮较为明显的波动。10年期国债利率，从低点1.60%上行至3月中的1.90%左右，过程中一度引发了债券市场对负反馈的担忧。3月下旬，随着资金价格有所缓和，带动各类债券出现了一定程度的回暖，1年期存单和10年期国债的利率分别回落至1.90%和1.80%附近。整个一季度，债券基金的表现较为疲弱，负收益的情况较为普遍。从国际视角看，尽管面临关税加码、再通胀等担忧，10年期美债利率震荡走低，从年初的4.55%下行至3月底的4.20%左右。人民币兑美元的离岸汇率窄幅波动，报告期内从7.33左右震荡下行至7.27附近。本报告期内，本基金继续坚持高安全性和高流动性的投资方向，配置以AAA高等级信用债为主，同时灵活参与市场交易。","declarationDate":"2025-04-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:24:55.883Z","fund":{"_id":3000000006884,"__csrcFundId":5965,"stockCode":"006884","shortName":"汇添富AAA级信用纯债(006884)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":6884,"masterFundFlag":1,"lastUpdated":"2026-04-30T20:24:53.450Z","status":"normal","inceptionDate":"2019-02-21T16:00:00.000Z","name":"汇添富AAA级信用纯债债券型证券投资基金","exchange":"jj","followedNum":3,"fundCollectionId":4000050460000,"currency":"CNY","masterFundShortName":"汇添富AAA级信用纯债","pinyin":"htfaaajxyczzqxzqtzjj","managers":[{"stockCode":"db20670661","stockType":"fund_manager","exchange":"fm","tickerId":2510198840,"name":"杨靖"}]},"announcement":{"linkText":"汇添富AAA级信用纯债债券型证券投资基金2025年第1季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1272100","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aeca277fea5b3eb049e71a","date":"2024-12-30T16:00:00.000Z","stockId":3000000006884,"sao":"回顾2024年度，债券市场表现强劲，各类债券资产需求旺盛。具体来看，1-2月在债券供给相对不多、市场配置需求较强的情况下，债券市场的“资产荒”现象较为明显。叠加准备金率下调、5年期LPR利率下调等因素，市场资金面总体偏宽松。做多情绪在长端利率品种上更为明显，30年国债逐步成为市场关注焦点，交投活跃度明显抬升。3月，市场总体有所降温，转入窄幅震荡走势，围绕两会政策预期、特别国债发行节奏、季末资金走势等展开博弈。二季度的债券利率继续震荡下行，债券市场的“资产荒”现象仍然明显。在资金宽松的环境中，1年期AAA存单的利率继续下探至6月底的1.96%附近，带动各类债券的品种利差、评级利差、期限利差普遍创出历史新低。期间，央行多次提示长端利率过快下行的风险，1万亿特别国债启动分批发行，但以上因素并未影响市场的做多情绪。在4月底出现了短暂调整后，债券利率在5-6月继续维持下行态势，10年期国债逼近2.20%水平。7月，在MLF和OMO降息推动下，债券收益率持续走低。8月，央行加大了对债券市场的风险提示力度，债券市场出现了幅度约10-20bp的调整。9-10月，宏观政策集中出台，降准降息、提振资本市场、促进房地产市场止跌回稳等增量信息涌现。在市场预期和风险偏好的快速变化中，债券市场波动放大。10年期国债利率从低点2.0%快速上行至2.25%，带动各类债券的利差在低位显著反弹。随后，股市成交逐步回归理性，债基的申赎逐步平稳，债券市场呈现出修复回暖的走势。进入12月后，系列重要会议释放出关键信息，在适度宽松的货币政策基调下，市场对降准降息的预期快速升温，债券利率再度强势下行，全年以利率最低点收盘。全年来看，10年期国债利率从2.5%左右下行至1.7%，1年期存单从2.4%下行至1.6%以下。本报告期内，本基金坚持高安全性和高流动性的投资方向，配置以AAA高等级信用债为主，同时灵活参与市场交易。","declarationDate":"2025-01-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:24:55.880Z","mo":"展望2025年度，一方面，在适度宽松的货币政策基调下，预计央行会适时降准降息，将流动性保持在充裕水平；另一方面，在绝对利率和相对利差均处于历史低位的情况下，债券投资获取超额收益的难度加大。在紧盯国内政策动向和经济数据的同时，也将密切关注美联储的操作、美债利率走势及全球金融商品市场的波动情况，努力做好不同市场情况的应对。投资策略方面，组合将继续坚持以高安全性、高流动性的AAA级债券品种为主要投资方向，保持灵活的久期和杠杆水平，在力争获取稳健收益的基础上，关注债券市场波动带来的投资机会。","fund":{"_id":3000000006884,"__csrcFundId":5965,"stockCode":"006884","shortName":"汇添富AAA级信用纯债(006884)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":6884,"masterFundFlag":1,"lastUpdated":"2026-04-30T20:24:53.450Z","status":"normal","inceptionDate":"2019-02-21T16:00:00.000Z","name":"汇添富AAA级信用纯债债券型证券投资基金","exchange":"jj","followedNum":3,"fundCollectionId":4000050460000,"currency":"CNY","masterFundShortName":"汇添富AAA级信用纯债","pinyin":"htfaaajxyczzqxzqtzjj","managers":[{"stockCode":"db20670661","stockType":"fund_manager","exchange":"fm","tickerId":2510198840,"name":"杨靖"}]},"announcement":{"linkText":"汇添富AAA级信用纯债债券型证券投资基金2024年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1256129","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aeca277fea5b3eb049e719","date":"2024-09-29T16:00:00.000Z","stockId":3000000006884,"sao":"2024年三季度，债券利率先下后上，波动加大。7月，在MLF和OMO降息推动下，债券收益率持续走低，“资产荒”交易逻辑盛行。8月，央行加大了对债券市场的风险提示力度，特别是表达了对长端利率过快下行的关切。受此影响，债券市场出现了幅度约10-20bp的短暂调整。但在保险资金强劲的配置需求下，以30年国债为代表的长端利率在9月中旬再创新低。9月下旬，宏观政策集中出台，降准降息、提振资本市场、促进房地产市场止跌回稳等增量信息涌现，股市出现强劲反弹。在市场预期和风险偏好的快速变化中，债券市场在9月底迎来明显调整。10年期国债利率从低点2.0%快速上行至2.25%，带动各类债券的品种利差、评级利差在低位显著反弹。与此同时，从国际视角看，美联储在9月启动近年来首次降息，10年期美债利率在三季度从4.5%一度下行至3.6%附近，人民币兑美元的离岸汇率持续走强，报告期内从7.3左右一路下行至7.0左右。本报告期内，本基金继续坚持高安全性和高流动性的投资方向，配置以AAA高等级信用债为主，同时灵活参与市场交易。","declarationDate":"2024-10-24T16:00:00.000Z","lastUpdated":"2026-03-09T13:24:55.877Z","fund":{"_id":3000000006884,"__csrcFundId":5965,"stockCode":"006884","shortName":"汇添富AAA级信用纯债(006884)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":6884,"masterFundFlag":1,"lastUpdated":"2026-04-30T20:24:53.450Z","status":"normal","inceptionDate":"2019-02-21T16:00:00.000Z","name":"汇添富AAA级信用纯债债券型证券投资基金","exchange":"jj","followedNum":3,"fundCollectionId":4000050460000,"currency":"CNY","masterFundShortName":"汇添富AAA级信用纯债","pinyin":"htfaaajxyczzqxzqtzjj","managers":[{"stockCode":"db20670661","stockType":"fund_manager","exchange":"fm","tickerId":2510198840,"name":"杨靖"}]},"announcement":{"linkText":"汇添富AAA级信用纯债债券型证券投资基金2024年第3季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1173486","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aeca277fea5b3eb049e718","date":"2024-06-29T16:00:00.000Z","stockId":3000000006884,"sao":"回顾2024上半年，债券市场整体表现较强，信用利差持续压缩，各类债券资产需求旺盛。具体来看，1-2月在债券供给相对不多、市场配置需求较强的情况下，债券市场的“资产荒”现象较为明显。叠加准备金率下调、5年期LPR利率下调等因素，市场资金面总体偏宽松，以1年期AAA存单为代表的短端利率从年初的2.45%下行至2.25%附近。做多情绪在长端利率品种上更为明显，10年期国债从年初的2.55%下行至2.35%附近，30年国债更是成为市场关注焦点，交投活跃度明显抬升。3月，市场总体有所降温，转入窄幅震荡走势，围绕两会政策预期、特别国债发行节奏、季末资金走势等展开博弈。进入二季度后，债券利率继续震荡下行，债券市场的“资产荒”现象仍然明显。在资金宽松的环境中，1年期AAA存单的利率继续下探至6月底的1.96%附近，带动各类债券的品种利差、评级利差、期限利差普遍创出历史新低。期间，央行多次提示长端利率过快下行的风险，1万亿特别国债启动分批发行，但以上因素并未影响市场的做多情绪。在4月底出现了短暂调整后，债券利率在5-6月继续维持下行态势，10年期国债逼近2.20%水平。从国际视角看，同时期的10年期美债利率冲高回落，从年初的3.8%震荡上行至4月的阶段性高点4.7%，后逐步回落至4.2%左右。人民币兑美元的离岸汇率震荡偏弱，报告期内从7.1左右走高至7.3附近。本报告期内，本基金继续坚持高安全性和高流动性的投资方向，配置以AAA高等级信用债为主，同时灵活参与市场交易。","declarationDate":"2024-07-18T16:00:00.000Z","lastUpdated":"2026-03-09T13:24:55.873Z","mo":"展望2024下半年，外部环境复杂严峻，国内经济仍面临有效需求不足、社会预期偏弱等挑战，预计逆周期调节的政策将持续出台。从基本面需求看，下半年存在降准降息的可能，流动性水平将总体维持合理充裕。从政策监管看，需要关注央行对国债的买卖操作，跟踪地方债发行节奏及财政政策的力度变化。同时，关注海外货币政策、中外利差走势、人民币汇率及外资机构的配债需求变化等。在低利率、低利差的现实环境下，债券投资的收益预期也在逐步下调，需要进一步做好对组合流动性和波动性的平衡，在投资操作上更加重视结构性的投资机会。","fund":{"_id":3000000006884,"__csrcFundId":5965,"stockCode":"006884","shortName":"汇添富AAA级信用纯债(006884)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":6884,"masterFundFlag":1,"lastUpdated":"2026-04-30T20:24:53.450Z","status":"normal","inceptionDate":"2019-02-21T16:00:00.000Z","name":"汇添富AAA级信用纯债债券型证券投资基金","exchange":"jj","followedNum":3,"fundCollectionId":4000050460000,"currency":"CNY","masterFundShortName":"汇添富AAA级信用纯债","pinyin":"htfaaajxyczzqxzqtzjj","managers":[{"stockCode":"db20670661","stockType":"fund_manager","exchange":"fm","tickerId":2510198840,"name":"杨靖"}]},"announcement":{"linkText":"汇添富AAA级信用纯债债券型证券投资基金2024年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1146155","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aeca277fea5b3eb049e717","date":"2024-03-30T16:00:00.000Z","stockId":3000000006884,"sao":"2024年一季度，债券利率显著下行，市场呈现较强走势。1-2月，在债券供给相对不多、市场配置需求较强的情况下，债券市场的“资产荒”现象较为明显。叠加准备金率下调、5年期LPR利率下调等因素，市场资金面总体偏宽松，以1年期AAA存单为代表的短端利率从年初的2.45%下行至2.25%附近。做多情绪在长端利率品种上更为明显，10年期国债从年初的2.55%下行至2.35%附近，30年国债更是成为市场关注焦点，交投活跃度明显抬升。至2月底，在多方力量追逐下，各类债券的品种利差、评级利差、期限利差基本都降至历史较低水平。进入3月后，市场总体有所降温，转入窄幅震荡走势，围绕两会政策预期、特别国债发行节奏、季末资金走势等展开博弈。与此同时，从国际视角看，10年期美债利率在一季度震荡走高，由年初的3.85%附近上行至3月底的4.20%附近，人民币兑美元的离岸汇率相应从7.10左右震荡走高至7.25附近。本报告期内，本基金继续坚持高安全性和高流动性的投资方向，配置以AAA高等级信用债为主，同时灵活参与市场交易。","declarationDate":"2024-04-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:24:55.870Z","fund":{"_id":3000000006884,"__csrcFundId":5965,"stockCode":"006884","shortName":"汇添富AAA级信用纯债(006884)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":6884,"masterFundFlag":1,"lastUpdated":"2026-04-30T20:24:53.450Z","status":"normal","inceptionDate":"2019-02-21T16:00:00.000Z","name":"汇添富AAA级信用纯债债券型证券投资基金","exchange":"jj","followedNum":3,"fundCollectionId":4000050460000,"currency":"CNY","masterFundShortName":"汇添富AAA级信用纯债","pinyin":"htfaaajxyczzqxzqtzjj","managers":[{"stockCode":"db20670661","stockType":"fund_manager","exchange":"fm","tickerId":2510198840,"name":"杨靖"}]},"announcement":{"linkText":"汇添富AAA级信用纯债债券型证券投资基金2024年第1季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1070180","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aeca277fea5b3eb049e716","date":"2023-12-30T16:00:00.000Z","stockId":3000000006884,"sao":"回顾2023年度，债券市场整体表现较强，信用利差大幅压缩，各类票息资产需求旺盛。具体来看，一季度不同债券品种之间呈现出明显的走势分化。此前相对抗跌的存单和利率债，一季度表现较弱，利率中枢整体上行10-20bp。此前跌幅较大的低等级、二级资本债等品种，一季度估值修复明显，品种利差显著压缩。从市场整体节奏看，可以概括为“区间震荡、中枢下探”，围绕经济增长预期、货币政策操作、欧美金融形势等焦点，市场交投情绪逐步升温。进入二季度后，债券市场迎来普遍性的小牛市行情。从4月开始，受益于短端资金价格的逐步下行，各期限各品种的债券收益率随之下探。期间，市场投资者高度关注房地产投资和销售数据、进出口贸易情况、节假日消费复苏、国内通胀数据、人民币汇率等变化，围绕下一步的稳增长政策力度和节奏展开交易。6月份，中国央行时隔10个月再次下调OMO、MLF、LPR等政策性利率10bp，止盈情绪叠加跨季影响，债券市场出现小幅盘整。在三四季度，债券市场波动加大。期间，宏观层面政策出台较多，房地产、资本市场、债务化解领域成为市场关注的重点，同时8月份央行在年内第二次降准降息。9-11月，在地方再融资债和建设国债供给高峰、房地产政策继续宽松、资金面持续偏紧的影响下，债券市场震荡偏弱，止盈情绪带动了部分净值化产品的赎回。尤其是在10月底资金价格异常、存单发行量居高不下的情况下，以存单为代表的短端资产收益率出现较为明显的调整，一度逼近年初的利率高点。进入12月后，债市行情快速升温，以超长利率债、二级资本债等为代表的弹性品种表现强劲，交易热点主要围绕中央经济工作会议、资金面宽松预期（降准降息预期）、机构跨年配置需求等。与此同时，从国际视角看，10年期美债利率在10月下旬见顶，11-12月由高点5.0%快速回落至3.8%附近，人民币兑美元的离岸汇率相应从7.35高位逐步回落至7.15附近。报告期内，本基金始终坚持以高安全性、高流动性的AAA级债券品种为主要投资方向，根据市场形势灵活调节组合状态，力争做到投向纯粹、风格鲜明的优质底层资产。","declarationDate":"2024-01-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:24:55.867Z","mo":"展望2024年度，在有效需求不足、社会预期偏弱、风险隐患仍然较多等现实背景下，中央经济工作会议定调要“稳中求进、以进促稳、先立后破”。预计在财政发力、货币配合、消费边际修复等多重有利因素下，宏观经济将进一步改善，通胀水平可能温和回升。在新旧动能的转换期，预计逆周期和跨周期调节的政策仍将不断出台。货币政策方面，预计2024年仍有进一步降准降息的空间，流动性水平将总体维持合理充裕。在国内储蓄利率普遍下调的背景下，债券市场仍然具备较高的参与价值，债券利率可能呈现“窄幅震荡、中枢下探”的走势。海外市场方面，将继续关注美联储的操作、美债利率走势及全球金融商品市场的波动情况。投资策略方面，组合将继续坚持以高安全性、高流动性的AAA级债券品种为主要投资方向，保持灵活的久期和杠杆水平，在获取稳健收益的基础上，关注债券市场波动带来的投资机会。","fund":{"_id":3000000006884,"__csrcFundId":5965,"stockCode":"006884","shortName":"汇添富AAA级信用纯债(006884)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":6884,"masterFundFlag":1,"lastUpdated":"2026-04-30T20:24:53.450Z","status":"normal","inceptionDate":"2019-02-21T16:00:00.000Z","name":"汇添富AAA级信用纯债债券型证券投资基金","exchange":"jj","followedNum":3,"fundCollectionId":4000050460000,"currency":"CNY","masterFundShortName":"汇添富AAA级信用纯债","pinyin":"htfaaajxyczzqxzqtzjj","managers":[{"stockCode":"db20670661","stockType":"fund_manager","exchange":"fm","tickerId":2510198840,"name":"杨靖"}]},"announcement":{"linkText":"汇添富AAA级信用纯债债券型证券投资基金2023年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1052733","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aeca277fea5b3eb049e715","date":"2023-09-29T16:00:00.000Z","stockId":3000000006884,"sao":"2023年三季度，债券利率先下后上，呈现出一定波动。期间，宏观层面政策出台较多，房地产、资本市场、债务化解领域成为市场关注的重点，同时央行在年内第二次降准降息。进入9月后，债券市场波动主要围绕房地产政策预期、地方债供给、季末资金面等展开，止盈情绪带动了部分净值化产品的赎回。从国内利率走势看，1年内的短端品种上行幅度较大（如3月期限的AAA级银行存单利率上行超过40bp），其余品种也都出现了一定幅度的调整，9月底的债券收益率普遍触及下半年的高点。从国际视角看，美日英德等主要经济体的10年国债利率均持续走高，人民币兑美元的离岸汇率最高突破7.36，处于近年来较高水平。本报告期内，本基金继续坚持高安全性和高流动性的投资方向，配置以AAA高等级信用债为主，并参与了部分债券的波段交易。","declarationDate":"2023-10-24T16:00:00.000Z","lastUpdated":"2026-03-09T13:24:55.858Z","fund":{"_id":3000000006884,"__csrcFundId":5965,"stockCode":"006884","shortName":"汇添富AAA级信用纯债(006884)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":6884,"masterFundFlag":1,"lastUpdated":"2026-04-30T20:24:53.450Z","status":"normal","inceptionDate":"2019-02-21T16:00:00.000Z","name":"汇添富AAA级信用纯债债券型证券投资基金","exchange":"jj","followedNum":3,"fundCollectionId":4000050460000,"currency":"CNY","masterFundShortName":"汇添富AAA级信用纯债","pinyin":"htfaaajxyczzqxzqtzjj","managers":[{"stockCode":"db20670661","stockType":"fund_manager","exchange":"fm","tickerId":2510198840,"name":"杨靖"}]},"announcement":{"linkText":"汇添富AAA级信用纯债债券型证券投资基金2023年第3季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=988528","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aeca277fea5b3eb049e714","date":"2023-06-29T16:00:00.000Z","stockId":3000000006884,"sao":"回顾2023年上半年，债券市场表现超出预期。具体而言，一季度不同债券品种之间呈现出明显的走势分化。去年底相对抗跌的存单和利率债，一季度表现较弱，利率中枢整体上行10-20bp。去年底跌幅较大的低等级、二级资本债等品种，一季度估值修复明显，品种利差显著压缩。从市场整体节奏看，可以概括为“区间震荡、中枢下探”，围绕经济增长预期、货币政策操作、欧美金融形势等焦点，市场交投情绪逐步升温。进入二季度后，债券市场迎来普遍性的小牛市行情。从4月开始，受益于短端资金价格的逐步下行，各期限各品种的债券收益率随之下探。期间，市场投资者高度关注房地产投资和销售数据、进出口贸易情况、节假日消费复苏、国内通胀数据、人民币汇率等变化，围绕下一步的稳增长政策力度和节奏展开交易。总体而言，宏观和政策环境对债市较为有利，30年国债等部分券种的利率创下近几年来新低。6月份，中国央行时隔10个月再次下调OMO、MLF、LPR等政策性利率10bp，止盈情绪叠加跨季影响，债券市场出现小幅盘整。本报告期内，本基金始终坚持高安全性和高流动性的投资方向，配置以AAA高等级信用债为主，并参与了部分债券的波段交易。","declarationDate":"2023-07-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:24:55.846Z","mo":"展望2023年下半年，经济运行仍然面临新的困难挑战，主要是国内需求不足，一些企业经营困难，重点领域风险隐患较多，外部环境复杂严峻。疫情防控平稳转段后，经济恢复是一个波浪式发展、曲折式前进的过程，要加强宏观政策的逆周期调节，发挥总量和结构性货币政策工具作用，活跃资本市场，提振投资者信心。对债券市场而言，需要密切关注流动性环境、新形势下的地产供求关系、地方债发行节奏、资本市场配套制度等。同时，关注海外货币政策、中外利差走势、人民币汇率及外资机构的配债需求变化等。就债券利率的估值而言，总体进入低利率环境，不同品种、行业、个体的定价差异可能继续分化。预计在各方因素的综合作用下，债券市场仍有一定的机会，投资策略上需要灵活应对。","fund":{"_id":3000000006884,"__csrcFundId":5965,"stockCode":"006884","shortName":"汇添富AAA级信用纯债(006884)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":6884,"masterFundFlag":1,"lastUpdated":"2026-04-30T20:24:53.450Z","status":"normal","inceptionDate":"2019-02-21T16:00:00.000Z","name":"汇添富AAA级信用纯债债券型证券投资基金","exchange":"jj","followedNum":3,"fundCollectionId":4000050460000,"currency":"CNY","masterFundShortName":"汇添富AAA级信用纯债","pinyin":"htfaaajxyczzqxzqtzjj","managers":[{"stockCode":"db20670661","stockType":"fund_manager","exchange":"fm","tickerId":2510198840,"name":"杨靖"}]},"announcement":{"linkText":"汇添富AAA级信用纯债债券型证券投资基金2023年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=963141","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aeca277fea5b3eb049e713","date":"2023-03-30T16:00:00.000Z","stockId":3000000006884,"sao":"2023年一季度，不同债券品种之间呈现出明显的走势分化。去年底相对抗跌的存单和利率债，今年以来表现较弱，利率中枢整体上行10-20bp。去年底跌幅较大的低等级、二级资本债等品种，今年以来估值修复明显，品种利差显著压缩。从市场整体节奏看，可以概括为“区间震荡、中枢下探”，围绕经济增长预期、货币政策操作、欧美金融形势等焦点，市场交投情绪逐步升温。报告期内，本基金始终坚持高安全性和高流动性的投资方向，配置以AAA高等级信用债为主，并参与了部分债券的波段交易。","declarationDate":"2023-04-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:24:55.837Z","fund":{"_id":3000000006884,"__csrcFundId":5965,"stockCode":"006884","shortName":"汇添富AAA级信用纯债(006884)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":6884,"masterFundFlag":1,"lastUpdated":"2026-04-30T20:24:53.450Z","status":"normal","inceptionDate":"2019-02-21T16:00:00.000Z","name":"汇添富AAA级信用纯债债券型证券投资基金","exchange":"jj","followedNum":3,"fundCollectionId":4000050460000,"currency":"CNY","masterFundShortName":"汇添富AAA级信用纯债","pinyin":"htfaaajxyczzqxzqtzjj","managers":[{"stockCode":"db20670661","stockType":"fund_manager","exchange":"fm","tickerId":2510198840,"name":"杨靖"}]},"announcement":{"linkText":"汇添富AAA级信用纯债债券型证券投资基金2023年第1季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=880583","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aeca277fea5b3eb049e712","date":"2022-12-30T16:00:00.000Z","stockId":3000000006884,"sao":"回顾2022年度，债券利率先下后上，前三季度呈现小牛市行情，第四季度在多重因素影响下迅速转熊，债基产品普遍出现一定回撤。具体来看，一季度债券利率先下后上，呈现出V型走势。1月，受股市下跌、MLF/LPR利率下调及央行宽松表态的影响，债市做多情绪高涨，债券利率普遍下行20-30bp。2-3月份，受1月社融超预期、房地产政策边际放松、美债利率大幅上行、俄乌危机导致商品价格上涨等多重因素的影响，国内债券市场出现20-30bp的回调行情。至一季度末，各品种债券利率基本回到年初水平。二季度的债券利率整体呈现窄幅震荡走势，主要品种的波动幅度在10-20bp左右。一方面，存在资金面持续宽松、4-5月上海等地局部疫情拖累经济的因素；另一方面，面临海外加息、欧美发达国家利率大幅上行、国内陆续出台刺激政策的影响，两者均制约了债市的单方面表现，总体行情相对平淡。进入三季度后，在资金宽松和MLF降息的利好支持下，债券利率整体震荡下行，幅度一度达到20-30bp。7-8月份，以长端利率为代表的交易性品种成交活跃，市场情绪较高，各品种利率先后创下年内新低。9月受房地产扶持政策进一步出台、跨季资金价格较高、外围美债利率快速上行等影响，债券市场出现一轮小的调整，幅度普遍在10bp左右。进入10月后，在防疫政策优化、地产政策陆续放松的推动下，市场对经济预期出现了较大修正。特别是部分净值化产品出现“赎回-下跌-赎回”的负反馈冲击，导致债券市场各品种在短时间内均出现较大幅度的超跌超调。至12月中下旬，随着债券估值修复和资金价格缓和，债市逐步企稳。报告期内，本基金始终坚持以高安全性、高流动性的AAA级债券品种为主要投资方向，根据市场形势灵活调节组合状态，力争做到投向纯粹、风格鲜明的优质底层资产。","declarationDate":"2023-01-19T16:00:00.000Z","lastUpdated":"2026-03-09T13:24:55.831Z","mo":"展望2023年度，中央经济工作会议指出，国内经济恢复的基础尚不牢固，需求收缩、供给冲击、预期转弱的三重压力仍然较大，但也同时具备韧性较强、潜力较大、活力较足的特点，在各项政策陆续出台落地之后，今年经济运行有望总体回升。宏观政策方面，货币政策要精准有力，预计再贷款、PSL等结构性货币政策工具仍将发力，降准降息等总量政策也可能视经济情况择机推出，保持流动性合理充裕意味着资金利率总体仍然相对宽松，出现持续大幅冲高的概率不大。当前，债券利率估值已具备较高的配置价值，预计在经济数据预期和现实的博弈中，债券市场仍将呈现出震荡的格局。海外市场方面，将继续关注美联储的操作、美债利率走势及全球金融商品市场的波动情况。投资策略方面，组合将继续坚持以高安全性、高流动性的AAA级债券品种为主要投资方向，保持灵活的久期和杠杆水平，在获取稳健收益的基础上，关注债券市场波动带来的投资机会。","fund":{"_id":3000000006884,"__csrcFundId":5965,"stockCode":"006884","shortName":"汇添富AAA级信用纯债(006884)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":6884,"masterFundFlag":1,"lastUpdated":"2026-04-30T20:24:53.450Z","status":"normal","inceptionDate":"2019-02-21T16:00:00.000Z","name":"汇添富AAA级信用纯债债券型证券投资基金","exchange":"jj","followedNum":3,"fundCollectionId":4000050460000,"currency":"CNY","masterFundShortName":"汇添富AAA级信用纯债","pinyin":"htfaaajxyczzqxzqtzjj","managers":[{"stockCode":"db20670661","stockType":"fund_manager","exchange":"fm","tickerId":2510198840,"name":"杨靖"}]},"announcement":{"linkText":"汇添富AAA级信用纯债债券型证券投资基金2022年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=870728","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aeca277fea5b3eb049e711","date":"2022-09-29T16:00:00.000Z","stockId":3000000006884,"sao":"2022年三季度，在资金宽松和MLF降息的利好支持下，债券利率整体震荡下行，幅度一度达到20-30bp。7-8月份，以长端利率为代表的交易性品种成交活跃，市场情绪较高，各品种利率先后创下年内新低。进入9月后，受房地产扶持政策进一步出台、跨季资金价格较高、外围美债利率快速上行等影响，债券市场出现一轮小的调整，幅度普遍在10bp左右。报告期内，本基金始终坚持高安全性和高流动性的投资方向，配置以AAA高等级信用债为主，并参与了部分债券的波段交易，整体操作以获取稳定收益为主。","declarationDate":"2022-10-25T16:00:00.000Z","lastUpdated":"2026-03-09T13:24:55.828Z","fund":{"_id":3000000006884,"__csrcFundId":5965,"stockCode":"006884","shortName":"汇添富AAA级信用纯债(006884)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":6884,"masterFundFlag":1,"lastUpdated":"2026-04-30T20:24:53.450Z","status":"normal","inceptionDate":"2019-02-21T16:00:00.000Z","name":"汇添富AAA级信用纯债债券型证券投资基金","exchange":"jj","followedNum":3,"fundCollectionId":4000050460000,"currency":"CNY","masterFundShortName":"汇添富AAA级信用纯债","pinyin":"htfaaajxyczzqxzqtzjj","managers":[{"stockCode":"db20670661","stockType":"fund_manager","exchange":"fm","tickerId":2510198840,"name":"杨靖"}]},"announcement":{"linkText":"汇添富AAA级信用纯债债券型证券投资基金2022年第3季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=807943","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aeca277fea5b3eb049e710","date":"2022-06-29T16:00:00.000Z","stockId":3000000006884,"sao":"本报告期内，资金利率整体宽松下行，中长端债券利率呈现窄幅震荡走势。其中，一季度债券利率先下后上，呈现出V型走势。1月，受股市下跌、MLF/LPR利率下调及央行宽松表态的影响，债市做多情绪高涨，债券利率普遍下行20-30bp。2-3月份，受1月社融超预期、房地产政策边际放松、美债利率大幅上行、俄乌危机导致商品价格上涨等多重因素的影响，国内债券市场出现20-30bp的回调行情。至一季度末，各品种债券利率基本回到年初水平。二季度以来，债券利率仍然维持窄幅震荡走势，主要品种的波动幅度在10-20bp左右。一方面，存在资金面持续宽松、4-5月上海等地局部疫情拖累经济的因素；另一方面，面临海外加息、欧美发达国家利率大幅上行、国内陆续出台刺激政策的影响，两者均制约了债市的单方面表现，总体行情相对平淡。本报告期内，本基金始终坚持高安全性和高流动性的投资方向，配置以AAA高等级信用债为主，并参与了部分债券的波段交易，整体操作以获取稳定收益为主。","declarationDate":"2022-07-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:24:55.815Z","mo":"展望2022年下半年，全球经济增长放缓、通胀高位运行，地缘政治冲突持续，外部环境更趋复杂严峻，国内疫情防控形势总体向好但任务仍然艰巨，经济发展面临需求收缩、供给冲击、预期转弱三重压力。从债券市场关注的影响因素看，后续将重点观察房地产调控、地方债发行节奏、货币政策操作、通胀走势等，同时关注海外货币政策、中外利差走势、人民币汇率稳定性及外资机构的配债需求变化等。就债券利率的估值而言，目前处于近两年来的偏低水平，尤其是短端资金价格更为明显。预计在多方因素的综合作用下，债券市场仍将维持窄幅震荡的格局，同时部分品种、行业、个体的信用定价差异可能继续分化。","fund":{"_id":3000000006884,"__csrcFundId":5965,"stockCode":"006884","shortName":"汇添富AAA级信用纯债(006884)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":6884,"masterFundFlag":1,"lastUpdated":"2026-04-30T20:24:53.450Z","status":"normal","inceptionDate":"2019-02-21T16:00:00.000Z","name":"汇添富AAA级信用纯债债券型证券投资基金","exchange":"jj","followedNum":3,"fundCollectionId":4000050460000,"currency":"CNY","masterFundShortName":"汇添富AAA级信用纯债","pinyin":"htfaaajxyczzqxzqtzjj","managers":[{"stockCode":"db20670661","stockType":"fund_manager","exchange":"fm","tickerId":2510198840,"name":"杨靖"}]},"announcement":{"linkText":"汇添富AAA级信用纯债债券型证券投资基金2022年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=785297","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aeca277fea5b3eb049e70f","date":"2022-03-30T16:00:00.000Z","stockId":3000000006884,"sao":"2022年一季度，债券利率先下后上，呈现出V型走势。1月，受股市下跌、MLF/LPR利率下调及央行宽松表态的影响，债市做多情绪高涨，债券利率普遍下行20-30bp。2-3月份，受1月社融超预期、房地产政策边际放松、美债利率大幅上行、俄乌危机导致商品价格上涨等多重因素的影响，国内债券市场出现20-30bp的回调行情。至一季度末，各品种债券利率基本回到年初水平。报告期内，本基金始终坚持高安全性和高流动性的投资方向，配置以AAA高等级信用债为主，并参与了部分利率债的波段交易，整体操作以获取稳定收益为主。","declarationDate":"2022-04-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:24:55.800Z","fund":{"_id":3000000006884,"__csrcFundId":5965,"stockCode":"006884","shortName":"汇添富AAA级信用纯债(006884)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":6884,"masterFundFlag":1,"lastUpdated":"2026-04-30T20:24:53.450Z","status":"normal","inceptionDate":"2019-02-21T16:00:00.000Z","name":"汇添富AAA级信用纯债债券型证券投资基金","exchange":"jj","followedNum":3,"fundCollectionId":4000050460000,"currency":"CNY","masterFundShortName":"汇添富AAA级信用纯债","pinyin":"htfaaajxyczzqxzqtzjj","managers":[{"stockCode":"db20670661","stockType":"fund_manager","exchange":"fm","tickerId":2510198840,"name":"杨靖"}]},"announcement":{"linkText":"汇添富AAA级信用纯债债券型证券投资基金2022年第1季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=726079","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aeca277fea5b3eb049e70e","date":"2021-12-30T16:00:00.000Z","stockId":3000000006884,"sao":"回顾2021年度，债券利率整体呈现震荡下行走势，全年实现了较好的收益回报。同时，伴随着民企地产债大面积的价格调整，市场对低等级信用债的定价进一步分化。具体来看，2021年上半年，债券利率先上后下，整体震荡持平。1-2月份，受资金面收紧、大宗商品涨价预期、外围美债利率上行及个别债券违约的影响，3年期AAA企业债利率由3.4%上行至3.7%，且呈现出明显的信用分化现象。3月份，随着资金价格逐步回落、股票市场波动加大带来的避险情绪升温，债券市场企稳回暖，3年期AAA企业债利率由高点3.7%下行至3.5%附近。进入二季度后，尽管期间面临PPI的大幅冲高，但在资金价格持续下行的推动下，叠加利率债、城投债供给低于预期，债券利率整体缓幅下行。整个二季度内，3年期AAA企业债利率由3.54%下行至3.38%左右。进入下半年后，债券利率继续震荡下行。7月，受全面降准政策刺激，各期限债券利率普遍下行，3年期AAA企业债利率由3.35%下行至3.0%附近。8月，随着前期收益率下行和资金价格企稳，债券市场交易情绪有所降温，利率走势整体持平。9月至10月中旬，在降准预期落空、地方债发行加速、美债利率上行、能源价格大涨、通胀预期升温等多重因素影响下，债券利率普遍出现20-30bp的回调。此后，在央行增大公开市场投放、房地产市场低迷、经济数据疲弱、能源价格回落等因素影响下，债券市场企稳回暖。特别是在12月初再次出台降准政策后，债券利率进一步下行，至年底普遍创出本年内新低。报告期内，本基金始终坚持以高安全性、高流动性的AAA级债券品种为主要投资方向，根据市场形势灵活调节组合状态，力争做到投向纯粹、风格鲜明的优质底层资产。全年来看，组合操作以AAA高等级信用债配置为主，利率债波段交易为辅，通过调仓进一步提高了组合整体的信用资质，并保持了一定的杠杆仓位，整体操作以获取稳健收益为主。","declarationDate":"2022-01-23T16:00:00.000Z","lastUpdated":"2026-03-09T13:24:55.795Z","mo":"展望2022年，中央经济工作会议提出要应对需求收缩、供给冲击和预期转弱等“三重压力”的新表述。同时，全球新冠疫情持续变异演进、海外央行进入加息缩表周期等外部环境更加复杂严峻。从宏观政策的总体基调看，经济稳增长的动力明显增强，会议提出“各地区各部门要担负起稳定宏观经济的责任，各方面要积极推出有利于经济稳定的政策，政策发力适当靠前”。同时，慎重出台有收缩效应的政策，意味着类似限电限产、教育互联网整顿等强硬政策出台的可能性会有明显降低。货币政策方面，会议强调“灵活适度、流动性合理充裕”，市场预期后续仍有进一步降准降息的可能。当前，债券利率估值整体处于中性偏低水平。预计随着稳增长和宽货币的预期变化，后续一个阶段的债券市场可能呈现为震荡的格局。同时，随着打破刚兑的进一步深入，低等级及民企债券的信用分化现象仍将持续。海外方面，将继续关注美联储加息缩表的节奏、美债利率走势及全球金融商品市场的波动情况。投资策略方面，组合将继续坚持以高安全性、高流动性的AAA级债券品种为主要投资方向，保持灵活的久期和杠杆水平，在获取稳健收益的基础上，关注债券市场波动带来的投资机会。","fund":{"_id":3000000006884,"__csrcFundId":5965,"stockCode":"006884","shortName":"汇添富AAA级信用纯债(006884)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":6884,"masterFundFlag":1,"lastUpdated":"2026-04-30T20:24:53.450Z","status":"normal","inceptionDate":"2019-02-21T16:00:00.000Z","name":"汇添富AAA级信用纯债债券型证券投资基金","exchange":"jj","followedNum":3,"fundCollectionId":4000050460000,"currency":"CNY","masterFundShortName":"汇添富AAA级信用纯债","pinyin":"htfaaajxyczzqxzqtzjj","managers":[{"stockCode":"db20670661","stockType":"fund_manager","exchange":"fm","tickerId":2510198840,"name":"杨靖"}]},"announcement":{"linkText":"汇添富AAA级信用纯债债券型证券投资基金2021年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=713422","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aeca277fea5b3eb049e70d","date":"2021-09-29T16:00:00.000Z","stockId":3000000006884,"sao":"2021年三季度，债券利率整体震荡下行。7月，受全面降准政策刺激，各期限债券利率普遍下行，3年期AAA企业债利率由3.35%下行至3.0%附近，3月期shibor利率由2.46%缓步下行至2.35%附近。8月，随着前期收益率下行和资金价格企稳，债券市场交易情绪有所降温，利率走势整体持平。9月，在经济数据较弱、地方债发行加速、美债利率上行、能源价格大涨等多重因素影响下，债券利率普遍出现5-15bp回调，3年期AAA企业债利率由低点3.0%上行至3.15%附近，3月期shibor利率由2.35%上行至2.43%左右。报告期内，组合配置以AAA高等级信用债为主，通过调仓进一步提高了整体信用资质，参与了部分利率债的波段交易，整体操作以获取稳定收益为主。","declarationDate":"2021-10-26T16:00:00.000Z","lastUpdated":"2026-03-09T13:24:55.783Z","fund":{"_id":3000000006884,"__csrcFundId":5965,"stockCode":"006884","shortName":"汇添富AAA级信用纯债(006884)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":6884,"masterFundFlag":1,"lastUpdated":"2026-04-30T20:24:53.450Z","status":"normal","inceptionDate":"2019-02-21T16:00:00.000Z","name":"汇添富AAA级信用纯债债券型证券投资基金","exchange":"jj","followedNum":3,"fundCollectionId":4000050460000,"currency":"CNY","masterFundShortName":"汇添富AAA级信用纯债","pinyin":"htfaaajxyczzqxzqtzjj","managers":[{"stockCode":"db20670661","stockType":"fund_manager","exchange":"fm","tickerId":2510198840,"name":"杨靖"}]},"announcement":{"linkText":"汇添富AAA级信用纯债债券型证券投资基金2021年第3季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=655108","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aeca277fea5b3eb049e70c","date":"2021-06-29T16:00:00.000Z","stockId":3000000006884,"sao":"2021年上半年，债券利率先上后下，整体震荡持平。1-2月份，受资金面收紧、大宗商品涨价预期、外围美债利率上行及个别债券违约的影响，3年期AAA企业债利率由3.4%上行至3.7%，且呈现出明显的信用分化现象。3月份，随着资金价格逐步回落、股票市场波动加大带来的避险情绪升温，债券市场企稳回暖，3年期AAA企业债利率由高点3.7%下行至3.5%附近。进入二季度后，尽管期间面临PPI的大幅冲高，但在资金价格持续下行的推动下，叠加利率债、城投债供给低于预期，债券利率整体缓幅下行。整个二季度内，3月期shibor价格由2.63%下行至2.46%附近，3年期AAA企业债利率由3.54%下行至3.38%左右。基金运作以来，始终坚持以高安全性、高流动性的AAA级债券品种为主要投资方向，根据市场形势灵活调节组合状态，力争做到投向纯粹、风格鲜明的优质底层资产。报告期内，组合配置以AAA高等级信用债为主，通过调仓进一步提高了整体信用资质，并保持了一定的杠杆仓位，整体操作以获取稳定收益为主。","declarationDate":"2021-07-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:24:55.758Z","mo":"展望下半年，预计宏观经济和政策环境对债券市场整体较为有利。7月7日国务院常务会议要求，适时运用降准等货币政策工具，进一步加强金融对实体经济特别是中小微企业的支持，促进综合融资成本稳中有降。7月9日，人民银行宣布全面降准0.5个百分点，普遍超出市场预期。目前，宏观政策总体思路由“不急转弯、把握好时效度”转变为“跨周期、统筹好今明两年宏观政策衔接”，继续保持流动性合理充裕。此外，局部地区出现极端天气、新冠疫情反复也增大了国内经济复苏的难度。海外方面，继续关注美联储宽松政策的退出时点、长端美债利率走势及全球金融商品市场的波动情况。投资策略上，组合将继续坚持以高安全性、高流动性的AAA级债券品种为主要投资方向，保持灵活的久期和杠杆水平，在获取稳健的债券票息收益基础上，关注市场波动带来的投资机会。","fund":{"_id":3000000006884,"__csrcFundId":5965,"stockCode":"006884","shortName":"汇添富AAA级信用纯债(006884)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":6884,"masterFundFlag":1,"lastUpdated":"2026-04-30T20:24:53.450Z","status":"normal","inceptionDate":"2019-02-21T16:00:00.000Z","name":"汇添富AAA级信用纯债债券型证券投资基金","exchange":"jj","followedNum":3,"fundCollectionId":4000050460000,"currency":"CNY","masterFundShortName":"汇添富AAA级信用纯债","pinyin":"htfaaajxyczzqxzqtzjj","managers":[{"stockCode":"db20670661","stockType":"fund_manager","exchange":"fm","tickerId":2510198840,"name":"杨靖"}]},"announcement":{"linkText":"汇添富AAA级信用纯债债券型证券投资基金2021年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=635736","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aeca277fea5b3eb049e70b","stockId":3000000006884,"sao":"2021年一季度，债券利率先上后下，整体震荡持平。前半段受资金面收紧、大宗商品涨价预期、外围美债利率上行及华夏幸福债券违约的影响，3年期AAA企业债利率由3.4%上行至3.7%，且呈现出明显的信用分化现象。随着春节后资金价格逐步回落、股票市场波动加大带来的避险情绪升温，债券市场企稳回暖，3年期AAA企业债利率由高点3.7%下行至3.5%附近。报告期内，组合配置以AAA高等级信用债为主，通过调仓进一步提高了整体信用资质，并保持了一定的杠杆仓位，整体操作以获取稳定收益为主。","date":"2021-03-30T16:00:00.000Z","declarationDate":"2021-04-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:24:55.745Z","fund":{"_id":3000000006884,"__csrcFundId":5965,"stockCode":"006884","shortName":"汇添富AAA级信用纯债(006884)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":6884,"masterFundFlag":1,"lastUpdated":"2026-04-30T20:24:53.450Z","status":"normal","inceptionDate":"2019-02-21T16:00:00.000Z","name":"汇添富AAA级信用纯债债券型证券投资基金","exchange":"jj","followedNum":3,"fundCollectionId":4000050460000,"currency":"CNY","masterFundShortName":"汇添富AAA级信用纯债","pinyin":"htfaaajxyczzqxzqtzjj","managers":[{"stockCode":"db20670661","stockType":"fund_manager","exchange":"fm","tickerId":2510198840,"name":"杨靖"}]},"announcement":{"linkText":"汇添富AAA级信用纯债债券型证券投资基金2021年第1季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=573427","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aeca277fea5b3eb049e70a","stockId":3000000006884,"sao":"回顾2020年，债券收益率整体呈V型走势，全年波动较大，同时伴随着信用风险事件的持续发酵，低等级和民企的定价进一步分化。具体到上半年，全球经济和政策的关注点都围绕着新冠疫情，主要金融市场都出现了较大的波动。一季度，受海外疫情扩散的影响，欧美股市出现较大调整，海外主要经济体国债利率明显下行，包括美联储在内的多个货币当局紧急降息，各国纷纷出台大规模的财政刺激政策。就国内而言，3月底疫情防控已进入扫尾阶段，重点工作向复工复产过渡，货币环境继续维持宽松，3个月期限的shibor利率由3.0%降至1.9%，各期限的债券利率均出现明显下行。进入二季度后，国内债券市场出现了较大幅度的调整。4月在货币政策宽松的刺激下，各期限的债券收益率创近年来新低，3个月期限的shibor一度降至1.40%左右。5-6月在经济数据逐步回升、资金利率边际收紧、央行表态中性偏严的影响下，各品种的债券收益率自底部出现了80-100bp的上行，导致包括银行理财、债券基金在内的固定收益类产品普遍出现了一定的净值回撤。2020下半年，债券市场继续震荡偏弱。三季度，新冠疫情对国内经济的影响进一步减弱，复工复产取得较好进展，主要经济指标持续回升。货币政策继续呈现边际收紧的迹象，短期资金价格从低位持续提升，叠加利率债供给压力，债券收益率全线上行。3月shibor由2.1%上行至2.7%，3年AAA级信用债收益率由3.2%上行至3.7%。四季度，债券利率整体先上后下。前半段受资金利率逐步上行、尤其是永煤违约事件的影响，3年期AAA企业债利率由3.6%上行至3.9%，且呈现出明显的信用分化现象。随着11月底央行超预期投放MLF，资金利率预期转向稳定偏宽松，3月期shibor由3.14%逐步降至2.76%，3年期AAA企业债利率随之由高点3.9%下行至3.5%附近。报告期内，组合底仓配置以AAA高等级信用债为主，在市场大幅波动中进行了杠杆和久期的调节，整体取得了相对尚可的收益。","date":"2020-12-30T16:00:00.000Z","declarationDate":"2021-01-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:24:55.731Z","mo":"展望2021年，基数效应对经济数据的影响将在上半年开始显现，同比数据将有较大幅度的抬升。届时，预计市场对经济数据不同的处理方式和环比解读也会产生分歧。后续，宏观数据需要着重关注两个方面，一是一季度社融和信贷开门红的实际情况、按揭放款及地产销售情况，二是一季度PMI回落幅度是否超过季节性水平。从目前高频数据和微观调研的情况来看，预计宏观基本面的短期动能仍维持较强韧性，货币政策精细化操作的灵活度进一步提高。未来，仍需持续关注全球新冠疫情的发展态势，尤其是疫苗推广对抑制疫情、恢复经济的影响。当前，债券估值整体处于中性水平。全年来看，预计随着经济数据和货币政策预期的变化，利率债和高等级信用债市场将以震荡为主，低等级及民企债券的信用分化现象仍将持续。操作层面，组合将继续坚持以高信用资质、高流动性的AAA信用债为主要投资方向，保持灵活的久期和杠杆水平，在获取稳健的债券票息收益基础上，关注市场波动带来的投资机会。","fund":{"_id":3000000006884,"__csrcFundId":5965,"stockCode":"006884","shortName":"汇添富AAA级信用纯债(006884)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":6884,"masterFundFlag":1,"lastUpdated":"2026-04-30T20:24:53.450Z","status":"normal","inceptionDate":"2019-02-21T16:00:00.000Z","name":"汇添富AAA级信用纯债债券型证券投资基金","exchange":"jj","followedNum":3,"fundCollectionId":4000050460000,"currency":"CNY","masterFundShortName":"汇添富AAA级信用纯债","pinyin":"htfaaajxyczzqxzqtzjj","managers":[{"stockCode":"db20670661","stockType":"fund_manager","exchange":"fm","tickerId":2510198840,"name":"杨靖"}]},"announcement":{"linkText":"汇添富AAA级信用纯债债券型证券投资基金2020年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=555032","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aeca277fea5b3eb049e709","stockId":3000000006884,"sao":"2020年三季度，新冠疫情对国内经济的影响进一步减弱，复工复产取得较好进展，主要经济指标持续回升。货币政策继续呈现边际收紧的迹象，短期资金价格从低位持续提升，叠加利率债供给压力，债券收益率全线上行。报告期内，3月shibor由2.1%上行至2.7%，3年AAA级信用债收益率由3.2%上行至3.7%。  报告期内，组合配置以AAA高等级信用债为主，进一步降低了久期风险的暴露，整体操作以获取稳定收益为主。","date":"2020-09-29T16:00:00.000Z","declarationDate":"2020-10-27T16:00:00.000Z","lastUpdated":"2026-03-09T13:24:55.716Z","fund":{"_id":3000000006884,"__csrcFundId":5965,"stockCode":"006884","shortName":"汇添富AAA级信用纯债(006884)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":6884,"masterFundFlag":1,"lastUpdated":"2026-04-30T20:24:53.450Z","status":"normal","inceptionDate":"2019-02-21T16:00:00.000Z","name":"汇添富AAA级信用纯债债券型证券投资基金","exchange":"jj","followedNum":3,"fundCollectionId":4000050460000,"currency":"CNY","masterFundShortName":"汇添富AAA级信用纯债","pinyin":"htfaaajxyczzqxzqtzjj","managers":[{"stockCode":"db20670661","stockType":"fund_manager","exchange":"fm","tickerId":2510198840,"name":"杨靖"}]},"announcement":{"linkText":"汇添富AAA级信用纯债债券型证券投资基金2020年度第3季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=492958","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aeca277fea5b3eb049e708","stockId":3000000006884,"sao":"2020年上半年，全球经济和政策的关注点都围绕着新冠疫情，主要金融市场都出现了较大的波动。一季度，受海外疫情扩散的影响，欧美股市出现较大调整，海外主要经济体国债利率明显下行，包括美联储在内的多个货币当局紧急降息，各国纷纷出台大规模的财政刺激政策。就国内而言，3月底疫情防控已进入扫尾阶段，重点工作向复工复产过渡，货币环境继续维持宽松，3个月期限的shibor利率由3.0%降至1.9%，各期限的债券利率均出现明显下行。进入二季度后，国内债券市场出现了较大幅度的调整。4月在货币政策宽松的刺激下，各期限的债券收益率创近年来新低，3个月期限的shibor一度降至1.40%左右。5-6月在经济数据逐步回升、资金利率边际收紧、央行表态中性偏严的影响下，各品种的债券收益率自底部出现了80-100bp的上行，导致包括银行理财、债券基金在内的固定收益类产品普遍出现了一定的净值回撤。基金运作以来，坚持以高安全性、高流动性的AAA级债券品种为主要投资方向，根据市场形势灵活调节组合状态，力争做到投向纯粹、风格鲜明的优质底层资产。报告期内，组合债券配置以AAA高等级信用债为主，并通过波段交易增厚了组合收益。","date":"2020-06-29T16:00:00.000Z","declarationDate":"2020-07-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:24:55.699Z","mo":"展望下半年，预计宏观经济和政策基调对债券市场整体偏向于中性。相对利好的因素在于房地产市场严格调控的基调不改，意味着实体信用扩张的节奏有望放缓，经济回升或更加温和；相对不利的因素在于稳增长基调依然延续，对应宏观经济总体回升的态势不会发生变化。总体而言，下半年经济延续复苏但复苏斜率放缓，在货币政策基调无重大调整的前提下，预计债券市场以区间震荡为主。投资策略上，我们认为当前的债券收益率具备长期配置的价值。组合将保持灵活的久期水平和杠杆水平，以AAA高等级信用债持有策略为主，关注市场波动带来的投资机会。","fund":{"_id":3000000006884,"__csrcFundId":5965,"stockCode":"006884","shortName":"汇添富AAA级信用纯债(006884)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":6884,"masterFundFlag":1,"lastUpdated":"2026-04-30T20:24:53.450Z","status":"normal","inceptionDate":"2019-02-21T16:00:00.000Z","name":"汇添富AAA级信用纯债债券型证券投资基金","exchange":"jj","followedNum":3,"fundCollectionId":4000050460000,"currency":"CNY","masterFundShortName":"汇添富AAA级信用纯债","pinyin":"htfaaajxyczzqxzqtzjj","managers":[{"stockCode":"db20670661","stockType":"fund_manager","exchange":"fm","tickerId":2510198840,"name":"杨靖"}]},"announcement":{"linkText":"添富AAA级信用纯债2020年度第2季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=366901","linkType":"PDF","source":"csrc_pdf"}}]}