window.pageData = {"stock":{"_id":3000000012308,"stockCode":"012308","shortName":"国泰价值远见混合A","fundSecondLevel":"hybrid","stockType":"fund","areaCode":"cn","market":"a","tickerId":12308,"currency":"CNY","masterFundFlag":1,"status":"normal","exchange":"jj","name":"国泰价值远见混合型证券投资基金","fundCollectionId":4000050010000,"inceptionDate":"2021-09-06T16:00:00.000Z","followedNum":2,"masterFundShortName":"国泰价值远见混合","setUpDate":"2021-09-06T16:00:00.000Z","setUpAssetScale":189608619.45,"setUpShares":189608619.45,"pinyin":"gtjzyjhhxzqtzjj","fundCollection":{"exchange":"jjgs","stockType":"fund_collection","stockCode":"50010000","tickerId":50010000,"name":"国泰基金管理有限公司"},"managers":[{"name":"丁小丹","stockType":"fund_manager","stockCode":"db20873295","exchange":"fm","tickerId":42404220640}],"hotMetrics":{"fss":{"stockId":3000000012308,"type":"fss","f_s_s_d":"2024-06-29T16:00:00.000Z","f_ins_h_s_r":0.36560000000000004,"f_ins_h_s_r_c_hy":0.026600000000000068,"f_ins_h_s_r_c_1y":0.03789999999999999,"f_ind_h_s_r":0.6344,"f_ind_h_s_r_c_hy":-0.026599999999999957,"f_ind_h_s_r_c_1y":-0.037900000000000045,"f_h_a":754,"f_h_s_a":181965,"last_data_date":"2025-06-29T16:00:00.000Z"},"fpr":{"stockId":3000000012308,"type":"fpr","f_p_r_fys_ssc":8989,"f_p_r_fys_ssrp":0.4561637739207833,"f_p_r_m1_ssc":9238,"f_p_r_m1_ssrp":0.3838908736602793,"f_p_r_m3_ssc":9128,"f_p_r_m3_ssrp":0.33614550235564805,"f_p_r_m6_ssc":8836,"f_p_r_m6_ssrp":0.40939445387662704,"f_p_r_y1_ssc":8349,"f_p_r_y1_ssrp":0.5256348826066124,"f_p_r_y2_ssc":7732,"f_p_r_y2_ssrp":0.713491139567973,"f_p_r_y3_ssc":6945,"f_p_r_y3_ssrp":0.7410714285714286,"f_cagr_p_r_fs_ssc":9180,"f_cagr_p_r_fs_ssrp":0.9024948251443512},"fp":{"stockId":3000000012308,"type":"fp","f_p_r_fys":0.07159668029233268,"f_p_r_m1":0.026459420977693382,"f_p_r_m3":0.06657625446923965,"f_p_r_m6":0.16402045209903227,"f_p_r_y1":0.2376251788268966,"f_cagr_p_r_fs":-0.030317101928631462,"f_p_r_d1":-0.009952283571915799,"f_p_r_y2":0.1342598662645862,"f_p_r_y3":0.08002496878901222,"last_data_date":"2026-05-21T16:00:00.000Z"},"ff":{"stockId":3000000012308,"type":"ff","f_m_f":1129946,"f_m_f_r":0.012,"f_c_f":188324,"f_c_f_r":0.002,"f_m_a_c_f":1318270,"f_m_a_c_f_r":0.014,"f_m_c_f_d":"2024-11-18T16:00:00.000Z","f_c_fr":0.002,"f_fr_d":"2025-10-14T16:00:00.000Z","f_m_fr":0.012,"f_mac_fr":0.014},"f_nlacan":{"stockId":3000000012308,"type":"f_nlacan","f_nv_d":"2026-05-21T16:00:00.000Z","f_nv":0.8651,"f_nv_cr":0.017046790500822917},"f_as":{"stockId":3000000012308,"type":"f_as","f_tas":55821759.3184,"f_tas_d":"2026-03-30T16:00:00.000Z"}},"masterSlaveFunds":[{"_id":3000000012309,"name":"国泰价值远见混合型证券投资基金","fundSecondLevel":"hybrid","stockType":"fund","areaCode":"cn","market":"a","exchange":"jj","stockCode":"012309","tickerId":12309,"shortName":"国泰价值远见两年封闭运作混合型C","currency":"CNY","__csrcFundId":9727,"lastUpdated":"2025-01-04T00:32:10.429Z","closedEnd":null,"inceptionDate":"2021-09-06T16:00:00.000Z","fundCollectionId":4000050010000,"followedNum":1,"status":"normal","setUpDate":"2021-09-06T16:00:00.000Z","setUpAssetScale":11288772.54,"setUpShares":11288772.54,"masterFundFlag":null,"activeFundFlag":null,"classificationFlag":null,"etfFundFlag":null,"feederFundFlag":null,"indexFundFlag":null,"lofFundFlag":null,"pensionTargetFlag":null,"pinyin":"gtjzyjhhxzqtzjj"}],"shareholdings":[{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000012308,"stockId":605196,"holdings":92500,"marketCap":4354900,"netValueRatio":0.0714,"quarterlyChange":0.35521013241220367,"stock":{"stockCode":"605196","tickerId":605196,"exchange":"sh","stockType":"company","name":"华通线缆"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000012308,"stockId":807,"holdings":117500,"marketCap":3642500,"netValueRatio":0.0597,"quarterlyChange":-0.05602923264311821,"stock":{"stockCode":"000807","exchange":"sz","stockType":"company","tickerId":807,"name":"云铝股份"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000012308,"stockId":2756,"holdings":44800,"marketCap":3351936,"netValueRatio":0.0549,"quarterlyChange":0.37917050691244203,"stock":{"stockCode":"002756","exchange":"sz","stockType":"company","tickerId":2756,"name":"永兴材料"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000012308,"stockId":300677,"holdings":52436,"marketCap":3076944,"netValueRatio":0.0504,"quarterlyChange":0.5084832904884322,"stock":{"stockCode":"300677","exchange":"sz","stockType":"company","tickerId":300677,"name":"英科医疗"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000012308,"stockId":600988,"holdings":59400,"marketCap":2563110,"netValueRatio":0.042,"quarterlyChange":0.38124199743918097,"stock":{"stockCode":"600988","exchange":"sh","stockType":"company","tickerId":600988,"name":"赤峰黄金"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000012308,"stockId":603271,"holdings":55900,"marketCap":2495935,"netValueRatio":0.0409,"quarterlyChange":0.08690360272638809,"stock":{"name":"永杰新材","exchange":"sh","stockType":"company","stockCode":"603271","tickerId":603271}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000012308,"stockId":688717,"holdings":19662,"marketCap":2300454,"netValueRatio":0.0377,"quarterlyChange":0.8993506493506485,"stock":{"name":"艾罗能源","exchange":"sh","stockType":"company","stockCode":"688717","tickerId":688717}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000012308,"stockId":688519,"holdings":16415,"marketCap":2130338,"netValueRatio":0.0349,"quarterlyChange":0.6049962898837491,"stock":{"stockCode":"688519","tickerId":688519,"exchange":"sh","stockType":"company","name":"南亚新材"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000012308,"stockId":657,"holdings":38800,"marketCap":1851148,"netValueRatio":0.0303,"quarterlyChange":0.7217610970768675,"stock":{"stockCode":"000657","exchange":"sz","stockType":"company","tickerId":657,"name":"中钨高新"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000012308,"stockId":2128,"holdings":58000,"marketCap":1744060,"netValueRatio":0.0286,"quarterlyChange":0.0875079691092926,"stock":{"stockCode":"002128","exchange":"sz","stockType":"company","tickerId":2128,"name":"电投能源"}}],"bondHoldings":[{"_id":"69e8fa6a1398d798430021bc","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000012308,"stockCode":"019792","stockName":"25国债19","holdings":30000,"marketCap":3022655,"netValueRatio":0.0495,"lastUpdated":"2026-04-22T16:42:18.979Z"}],"lastFsMetrics":{"latestTurnoverRate":9.681530771147695,"latestTurnoverRateDate":"2025-06-29T16:00:00.000Z"}},"list":[{"_id":"69e8eb781398d79843fe930a","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","stockId":3000000012308,"sao":"2026年一季度，市场整体震荡较大，其中沪深300指数在一季度下跌3.89%，中证500指数在一季度上涨2.03%。本基金在一季度经过调仓，进一步聚焦到了具备长期成长动能的方向，一方面关注具备长期确定性的消费公司，另一方面关注具备全球竞争力的制造龙头。此外，对具备供给约束的部分资源品也增加了关注。后续也将继续沿着这一思路，精选个股，寻找符合时代方向的细分，挖掘被低估的成长。从中长期来看，消费及高端制造业依然具备广阔的发展前景，对内是拉动我国经济增长的重要引擎，对外具备持续的全球竞争力。我们坚信，在这两块沃土中的持续耕耘，一定会在未来带来丰厚的收获，从而给投资者带来良好的回报。","lastUpdated":"2026-04-22T15:38:32.869Z","fund":{"_id":3000000012308,"__csrcFundId":9727,"stockCode":"012308","shortName":"国泰价值远见混合(012308)","fundSecondLevel":"hybrid","stockType":"fund","areaCode":"cn","market":"a","tickerId":12308,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-04-30T23:15:10.599Z","status":"normal","exchange":"jj","name":"国泰价值远见混合型证券投资基金","fundCollectionId":4000050010000,"inceptionDate":"2021-09-06T16:00:00.000Z","followedNum":2,"masterFundShortName":"国泰价值远见混合","setUpDate":"2021-09-06T16:00:00.000Z","setUpAssetScale":189608619.45,"setUpShares":189608619.45,"pinyin":"gtjzyjhhxzqtzjj","managers":[{"stockCode":"db20873295","stockType":"fund_manager","exchange":"fm","tickerId":42404220640,"name":"丁小丹"}]},"announcement":{"linkText":"国泰价值远见混合型证券投资基金2026年第1季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1475884","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecf387fea5b3eb04f8e27","date":"2025-12-30T16:00:00.000Z","declarationDate":"2026-01-21T16:00:00.000Z","stockId":3000000012308,"sao":"2025年四季度，市场整体以震荡为主，其中沪深300指数在四季度微跌0.23%，中证500指数在四季度微涨0.72%。本基金在四季度经过调仓，进一步聚焦到了具备长期成长动能的方向，一方面关注具备长期确定性的消费公司，另一方面关注具备全球竞争力的制造龙头。后续也将继续沿着这一思路，精选个股，寻找符合时代方向的细分，挖掘被低估的成长。从中长期来看，消费及高端制造业依然具备广阔的发展前景，对内是拉动我国经济增长的重要引擎，对外具备持续的全球竞争力。我们坚信，在这两块沃土中的持续耕耘，一定会在未来带来丰厚的收获，从而给投资者带来良好的回报。","lastUpdated":"2026-03-09T13:46:32.628Z","fund":{"_id":3000000012308,"__csrcFundId":9727,"stockCode":"012308","shortName":"国泰价值远见混合(012308)","fundSecondLevel":"hybrid","stockType":"fund","areaCode":"cn","market":"a","tickerId":12308,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-04-30T23:15:10.599Z","status":"normal","exchange":"jj","name":"国泰价值远见混合型证券投资基金","fundCollectionId":4000050010000,"inceptionDate":"2021-09-06T16:00:00.000Z","followedNum":2,"masterFundShortName":"国泰价值远见混合","setUpDate":"2021-09-06T16:00:00.000Z","setUpAssetScale":189608619.45,"setUpShares":189608619.45,"pinyin":"gtjzyjhhxzqtzjj","managers":[{"stockCode":"db20873295","stockType":"fund_manager","exchange":"fm","tickerId":42404220640,"name":"丁小丹"}]},"announcement":{"linkText":"国泰价值远见混合型证券投资基金2025年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1450446","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecf387fea5b3eb04f8e26","date":"2025-09-29T16:00:00.000Z","declarationDate":"2025-10-27T16:00:00.000Z","stockId":3000000012308,"sao":"2025年三季度，市场整体表现较好，其中沪深300指数在三季度上涨17.90%，中证500指数在三季度上涨25.31%。本基金在三季度经过调仓，进一步聚焦到了具备长期成长动能的方向，一方面关注符合渠道和流量变迁方向的消费细分公司，另一方面关注具备全球竞争力的制造龙头。后续也将继续沿着这一思路，精选个股，寻找符合时代方向的细分，挖掘被低估的成长。从中长期来看，消费及高端制造业依然具备广阔的发展前景，对内是拉动我国经济增长的重要引擎，对外具备持续的全球竞争力。我们坚信，在这两块沃土中的持续耕耘，一定会在未来带来丰厚的收获，从而给投资者带来良好的回报。","lastUpdated":"2026-03-09T13:46:32.626Z","fund":{"_id":3000000012308,"__csrcFundId":9727,"stockCode":"012308","shortName":"国泰价值远见混合(012308)","fundSecondLevel":"hybrid","stockType":"fund","areaCode":"cn","market":"a","tickerId":12308,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-04-30T23:15:10.599Z","status":"normal","exchange":"jj","name":"国泰价值远见混合型证券投资基金","fundCollectionId":4000050010000,"inceptionDate":"2021-09-06T16:00:00.000Z","followedNum":2,"masterFundShortName":"国泰价值远见混合","setUpDate":"2021-09-06T16:00:00.000Z","setUpAssetScale":189608619.45,"setUpShares":189608619.45,"pinyin":"gtjzyjhhxzqtzjj","managers":[{"stockCode":"db20873295","stockType":"fund_manager","exchange":"fm","tickerId":42404220640,"name":"丁小丹"}]},"announcement":{"linkText":"国泰价值远见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=1377245","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecf387fea5b3eb04f8e25","date":"2025-06-29T16:00:00.000Z","stockId":3000000012308,"sao":"2025年上半年，市场整体表现较好，其中沪深300指数在上半年上涨0.03%，中证500指数在上半年上涨3.31%。本基金在报告期内经过调仓，进一步聚焦到了具备长期成长动能的方向，尤其是一些符合渠道和流量变迁方向的消费细分板块。后续也将继续沿着这一思路，精选个股，寻找符合时代方向的细分，挖掘被低估的成长。从中长期来看，消费及高端制造业依然具备广阔的发展前景，对内是拉动我国经济增长的重要引擎，对外具备持续的全球竞争力。我们坚信，在这两块沃土中的持续耕耘，一定会在未来带来丰厚的收获，从而给投资者带来良好的回报。市场的波动可能永远在所难免，我们将始终坚持努力将组合配置于符合社会发展趋势的方向性资产上，力求达到为投资者实现较好中长期收益率和良好持仓体验的核心目标。","declarationDate":"2025-07-18T16:00:00.000Z","lastUpdated":"2026-03-09T13:46:32.623Z","mo":"市场在上半年整体表现较好，其中沪深300指数在上半年上涨0.03%，中证500指数在上半年上涨3.31%。具体来看，部分内需方向在前期表现较好，出口、科技方向在4月初受到了关税等事件的扰动，出现较大下跌，但在6月也出现了较好的修复。处在当前位置，我们对市场整体保持乐观，一方面，我们积极关注具备成长性的新消费方向，另一方面，我们将保持对产业创新的关注和挖掘。展望后续，虽然中长期的增长约束仍需要时间化解，但全球制造业的弱补库周期和国内一揽子政策的推进，有望带动经济进入平稳修复期，后续政策与经济复苏数据的良性互动验证，有望带动市场持续修复。在这一过程里，我们将积极寻找优质的投资机会，深入聚焦，挖掘成长股，力求达到为投资者实现较好中长期收益率和良好持仓体验的核心目标。","fund":{"_id":3000000012308,"__csrcFundId":9727,"stockCode":"012308","shortName":"国泰价值远见混合(012308)","fundSecondLevel":"hybrid","stockType":"fund","areaCode":"cn","market":"a","tickerId":12308,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-04-30T23:15:10.599Z","status":"normal","exchange":"jj","name":"国泰价值远见混合型证券投资基金","fundCollectionId":4000050010000,"inceptionDate":"2021-09-06T16:00:00.000Z","followedNum":2,"masterFundShortName":"国泰价值远见混合","setUpDate":"2021-09-06T16:00:00.000Z","setUpAssetScale":189608619.45,"setUpShares":189608619.45,"pinyin":"gtjzyjhhxzqtzjj","managers":[{"stockCode":"db20873295","stockType":"fund_manager","exchange":"fm","tickerId":42404220640,"name":"丁小丹"}]},"announcement":{"linkText":"国泰价值远见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=1347925","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecf387fea5b3eb04f8e24","date":"2025-03-30T16:00:00.000Z","stockId":3000000012308,"sao":"2025年一季度，市场整体表现较有韧性，其中沪深300指数在一季度下跌1.21%，中证500指数在一季度上涨2.31%。本基金在一季度经过调仓，进一步聚焦到了具备长期成长动能的方向，尤其是一些符合渠道和流量变迁方向的消费细分板块。后续也将继续沿着这一思路，精选个股，寻找符合时代方向的细分，挖掘被低估的成长。从中长期来看，消费及高端制造业依然具备广阔的发展前景，对内是拉动我国经济增长的重要引擎，对外具备持续的全球竞争力。我们坚信，在这两块沃土中的持续耕耘，一定会在未来带来丰厚的收获，从而给投资者带来良好的回报。市场的波动可能永远在所难免，我们将始终坚持努力将组合配置于符合社会发展趋势的方向性资产上，力求达到为投资者实现较好中长期收益率和良好持仓体验的核心目标。","declarationDate":"2025-04-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:46:32.620Z","fund":{"_id":3000000012308,"__csrcFundId":9727,"stockCode":"012308","shortName":"国泰价值远见混合(012308)","fundSecondLevel":"hybrid","stockType":"fund","areaCode":"cn","market":"a","tickerId":12308,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-04-30T23:15:10.599Z","status":"normal","exchange":"jj","name":"国泰价值远见混合型证券投资基金","fundCollectionId":4000050010000,"inceptionDate":"2021-09-06T16:00:00.000Z","followedNum":2,"masterFundShortName":"国泰价值远见混合","setUpDate":"2021-09-06T16:00:00.000Z","setUpAssetScale":189608619.45,"setUpShares":189608619.45,"pinyin":"gtjzyjhhxzqtzjj","managers":[{"stockCode":"db20873295","stockType":"fund_manager","exchange":"fm","tickerId":42404220640,"name":"丁小丹"}]},"announcement":{"linkText":"国泰价值远见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=1270962","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecf387fea5b3eb04f8e23","date":"2024-12-30T16:00:00.000Z","stockId":3000000012308,"sao":"2024年市场在经历了较长时间的下跌之后，于三季度末开启了非常快速的修复。这与我们此前的判断是一致的，市场在上半年对于经济的过度悲观导致了阶段性的公司价值被大幅低估，而越是这种有分歧的时刻，潜在的投资回报率越丰厚。从方向上，本基金希望持续聚焦到具备长期成长动能、符合时代发展需求的领域，精选个股，挖掘被低估的成长。从中长期来看，消费及高端制造业依然具备广阔的发展前景，对内是拉动我国经济增长的重要引擎，对外具备持续的全球竞争力。我们坚信，在这两块沃土中的持续耕耘，一定会在未来带来丰厚的收获，从而给投资者带来良好的回报。感谢投资者对我们的长期信任与支持，这是一种期许，也是一种责任。市场的波动可能永远在所难免，我们将始终坚持努力将组合配置于符合社会发展趋势的方向性资产上，力求达到为投资者实现较好中长期收益率和良好持仓体验的核心目标。","declarationDate":"2025-01-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:46:32.618Z","mo":"市场在2024年上半年经历了非常极端的下跌，三季度企稳回升后，四季度整体表现较有韧性。具体来看，更能代表产业创新的科创方向表现较好，消费方向相对较弱。处在当前位置，我们对市场在2025年的表现保持乐观，一方面，我们仍旧持续看好以人工智能、机器人等为代表的高端制造方向，另一方面，我们开始更多的关注具备成长性的超跌新消费方向。展望2025年，虽然中长期的增长约束仍需要时间化解，但国内一揽子政策的推进，有望带动经济进入平稳修复期。同时，围绕人工智能的一系列科技创新也令人倍感振奋。在这一过程里，我们将积极寻找优质的投资机会，深入聚焦，挖掘成长股，力求达到为投资者实现较好中长期收益率和良好持仓体验的核心目标。","fund":{"_id":3000000012308,"__csrcFundId":9727,"stockCode":"012308","shortName":"国泰价值远见混合(012308)","fundSecondLevel":"hybrid","stockType":"fund","areaCode":"cn","market":"a","tickerId":12308,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-04-30T23:15:10.599Z","status":"normal","exchange":"jj","name":"国泰价值远见混合型证券投资基金","fundCollectionId":4000050010000,"inceptionDate":"2021-09-06T16:00:00.000Z","followedNum":2,"masterFundShortName":"国泰价值远见混合","setUpDate":"2021-09-06T16:00:00.000Z","setUpAssetScale":189608619.45,"setUpShares":189608619.45,"pinyin":"gtjzyjhhxzqtzjj","managers":[{"stockCode":"db20873295","stockType":"fund_manager","exchange":"fm","tickerId":42404220640,"name":"丁小丹"}]},"announcement":{"linkText":"国泰价值远见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=1253068","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecf387fea5b3eb04f8e22","date":"2024-09-29T16:00:00.000Z","stockId":3000000012308,"sao":"2024年三季度，市场主要指数在经历了比较长时间的下跌之后，在季度末开启了非常快速的修复。本基金在三季度经过调仓，进一步聚焦到了具备长期成长动能的方向。后续也将继续沿着这一思路，精选个股，寻找符合时代方向的细分，挖掘被低估的成长。从中长期来看，消费及高端制造业依然具备广阔的发展前景，对内是拉动我国经济增长的重要引擎，对外具备持续的全球竞争力。我们坚信，在这两块沃土中的持续耕耘，一定会在未来带来丰厚的收获，从而给投资者带来良好的回报。感谢投资者对我们的长期信任与支持，这是一种期许，也是一种责任。市场的波动可能永远在所难免，我们将始终坚持努力将组合配置于符合社会发展趋势的方向性资产上，力求达到为投资者实现较好中长期收益率和良好持仓体验的核心目标。","declarationDate":"2024-10-24T16:00:00.000Z","lastUpdated":"2026-03-09T13:46:32.615Z","fund":{"_id":3000000012308,"__csrcFundId":9727,"stockCode":"012308","shortName":"国泰价值远见混合(012308)","fundSecondLevel":"hybrid","stockType":"fund","areaCode":"cn","market":"a","tickerId":12308,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-04-30T23:15:10.599Z","status":"normal","exchange":"jj","name":"国泰价值远见混合型证券投资基金","fundCollectionId":4000050010000,"inceptionDate":"2021-09-06T16:00:00.000Z","followedNum":2,"masterFundShortName":"国泰价值远见混合","setUpDate":"2021-09-06T16:00:00.000Z","setUpAssetScale":189608619.45,"setUpShares":189608619.45,"pinyin":"gtjzyjhhxzqtzjj","managers":[{"stockCode":"db20873295","stockType":"fund_manager","exchange":"fm","tickerId":42404220640,"name":"丁小丹"}]},"announcement":{"linkText":"国泰价值远见混合型证券投资基金2024年第三季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1175255","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecf387fea5b3eb04f8e21","date":"2024-06-29T16:00:00.000Z","stockId":3000000012308,"sao":"2024年二季度，市场主要指数仍旧经历了一定程度的下跌。本基金在二季度经过调仓，进一步增加了对科技成长方向的配置比例。后续也将继续沿着这一思路，精选个股，寻找符合时代方向的细分，挖掘被低估的成长。从中长期来看，消费及制造业依然具备广阔的发展前景，对内是拉动我国经济增长的重要引擎，对外具备持续的全球竞争力。我们坚信，在这两块沃土中的持续耕耘，一定会在未来带来丰厚的收获，从而给投资者带来良好的回报。感谢投资者对我们的长期信任与支持，这是一种期许，也是一种责任。市场的波动可能永远在所难免，我们将始终坚持努力将组合配置于符合社会发展趋势的方向性资产上，力求达到为投资者实现较好中长期收益率和良好持仓体验的核心目标。","declarationDate":"2024-07-18T16:00:00.000Z","lastUpdated":"2026-03-09T13:46:32.612Z","mo":"市场在二季度仍旧经历了一定程度的下跌，但从结构上来说，已经逐步出现了分化。处在当前位置，我们对市场并不悲观，越是这种有分歧的时刻，投资回报率越丰厚，未来我们仍旧持续看好以人工智能、工程机械等为代表的高端制造方向。展望2024年后续，虽然中长期增长约束仍需要时间化解，但全球制造业的弱补库周期和国内稳增长政策的推进有望带动经济进入平稳期。估值角度，国内股债性价比处于偏高区间。市场底部特征已逐步有所凸显，后续政策与经济复苏数据的良性互动验证，有望带动市场持续修复。在这一过程里，我们将积极寻找优质的投资机会，深入聚焦，挖掘成长股，力求达到为投资者实现较好中长期收益率和良好持仓体验的核心目标。","fund":{"_id":3000000012308,"__csrcFundId":9727,"stockCode":"012308","shortName":"国泰价值远见混合(012308)","fundSecondLevel":"hybrid","stockType":"fund","areaCode":"cn","market":"a","tickerId":12308,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-04-30T23:15:10.599Z","status":"normal","exchange":"jj","name":"国泰价值远见混合型证券投资基金","fundCollectionId":4000050010000,"inceptionDate":"2021-09-06T16:00:00.000Z","followedNum":2,"masterFundShortName":"国泰价值远见混合","setUpDate":"2021-09-06T16:00:00.000Z","setUpAssetScale":189608619.45,"setUpShares":189608619.45,"pinyin":"gtjzyjhhxzqtzjj","managers":[{"stockCode":"db20873295","stockType":"fund_manager","exchange":"fm","tickerId":42404220640,"name":"丁小丹"}]},"announcement":{"linkText":"国泰价值远见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=1147746","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecf387fea5b3eb04f8e20","date":"2024-03-30T16:00:00.000Z","stockId":3000000012308,"sao":"2024年一季度，市场在先经历了大幅下跌后，逐步修复前期失地。本基金在一季度经过调仓，进一步增加了对科技成长方向的配置比例。后续也将继续沿着这一思路，精选个股，寻找符合时代方向的细分，挖掘消费、制造业中被低估的成长。从中长期来看，消费及制造业依然具备广阔的发展前景，对内是拉动我国经济增长的重要引擎，对外具备持续的全球竞争力。我们坚信，在这两块沃土中的持续耕耘，一定会在未来带来丰厚的收获，从而给投资者带来良好的回报。感谢投资者对我们的长期信任与支持，这是一种期许，也是一种责任。市场的波动可能永远在所难免，我们将始终坚持努力将组合配置于符合社会发展趋势的方向性资产上，力求达到为投资者实现较好中长期收益率和良好持仓体验的核心目标。","declarationDate":"2024-04-19T16:00:00.000Z","lastUpdated":"2026-03-09T13:46:32.610Z","fund":{"_id":3000000012308,"__csrcFundId":9727,"stockCode":"012308","shortName":"国泰价值远见混合(012308)","fundSecondLevel":"hybrid","stockType":"fund","areaCode":"cn","market":"a","tickerId":12308,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-04-30T23:15:10.599Z","status":"normal","exchange":"jj","name":"国泰价值远见混合型证券投资基金","fundCollectionId":4000050010000,"inceptionDate":"2021-09-06T16:00:00.000Z","followedNum":2,"masterFundShortName":"国泰价值远见混合","setUpDate":"2021-09-06T16:00:00.000Z","setUpAssetScale":189608619.45,"setUpShares":189608619.45,"pinyin":"gtjzyjhhxzqtzjj","managers":[{"stockCode":"db20873295","stockType":"fund_manager","exchange":"fm","tickerId":42404220640,"name":"丁小丹"}]},"announcement":{"linkText":"国泰价值远见混合型证券投资基金2024年第一季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1072184","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecf387fea5b3eb04f8e1f","date":"2023-12-30T16:00:00.000Z","stockId":3000000012308,"sao":"2023年市场在经历了上半年的短暂表现后，下半年市场主要指数普遍下跌，大部分行业也均有不同程度的承压。我们在2023年初对宏观形势的判断过于乐观，三季度开始我们做了一定修正，整体下降了对白酒等消费的配置比例，增加了对医药、电子、机器人等成长方向的配置比例。后续也将继续沿着这一思路，精选个股，寻找符合时代方向的细分，挖掘消费、制造业中被低估的成长。从中长期来看，消费及制造业依然具备广阔的发展前景，对内是拉动我国经济增长的重要引擎，对外具备持续的全球竞争力。我们坚信，在这两块沃土中的持续耕耘，一定会在未来带来丰厚的收获，从而给投资者带来良好的回报。感谢投资者对我们的长期信任与支持，这是一种期许，也是一种责任。未来我们将始终坚持我们的投资理念和框架，通过践行可持续、可回溯、可进化的方法论来持续创造收益，严控组合回撤，力求达到为投资者实现较好中长期收益率和良好持仓体验的核心目标。","declarationDate":"2024-01-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:46:32.607Z","mo":"市场在四季度出现了较大调整，但当前位置，我们对市场并不悲观。与此前2018-2019年的宏观环境反转不同，2023年的长期宏观因素的反转，表现为反转速率更慢、斜率更缓、周期更长，疫后修复、地产风险化解、强美元回落均为慢变量。我们理解，这一方面是因为我们处在逆全球化下中美经济周期错位、政经环境多波动的局势中，另一方面则是因为全球疫后时代，各国经济要回归到“新常态”都需要更长的时间和更多的摸索。展望2024年，虽然中长期增长约束仍需要时间化解，但短期1-2个季度全球制造业弱补库周期和国内稳增长政策的推进有望带动经济进入平稳期。估值角度，国内股债性价比处于偏高区间。市场底部特征已逐步有所凸显，后续破局有赖于政策与经济复苏数据良性互动的验证。在这一过程里，我们将积极寻找优质的投资机会，深入聚焦，挖掘成长股，力求达到为投资者实现较好中长期收益率和良好持仓体验的核心目标。","fund":{"_id":3000000012308,"__csrcFundId":9727,"stockCode":"012308","shortName":"国泰价值远见混合(012308)","fundSecondLevel":"hybrid","stockType":"fund","areaCode":"cn","market":"a","tickerId":12308,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-04-30T23:15:10.599Z","status":"normal","exchange":"jj","name":"国泰价值远见混合型证券投资基金","fundCollectionId":4000050010000,"inceptionDate":"2021-09-06T16:00:00.000Z","followedNum":2,"masterFundShortName":"国泰价值远见混合","setUpDate":"2021-09-06T16:00:00.000Z","setUpAssetScale":189608619.45,"setUpShares":189608619.45,"pinyin":"gtjzyjhhxzqtzjj","managers":[{"stockCode":"db20873295","stockType":"fund_manager","exchange":"fm","tickerId":42404220640,"name":"丁小丹"}]},"announcement":{"linkText":"国泰价值远见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=1054498","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecf387fea5b3eb04f8e1e","date":"2023-09-29T16:00:00.000Z","stockId":3000000012308,"sao":"2023年三季度，市场主要指数普遍下跌，且主线轮动大幅加快。具体而言，7月伴随政治局会议临近，市场政策预期升温，带动大盘阶段性修复；8月各项经济数据普遍走弱，人民币汇率接连破位，市场情绪明显走弱，大盘出现较大下跌，直至8月底政策利好密集发布才迎来阶段性反弹；9月汇率依旧承压，外资持续流出，大盘仍有较大压力。三季度，本基金经过调仓，下降了对白酒等消费的配置比例，增加了对医药、制造业中的成长股的配置比例。后续也将继续沿着这一思路，精选个股，寻找符合时代方向的细分，挖掘消费、制造业中被低估的成长，不断迭代进化，把握投资中的“变与不变”，永远努力做正确的事情。衷心感谢投资者对我们的长期信任与支持，这是一种期许，也是一种责任。我们必将怀抱投桃报李之心，尽勤勉竭诚之力，砥砺前行，不负所托。未来我们将始终坚持我们的投资理念和框架，通过践行可持续、可回溯、可进化的方法论来持续创造收益，严控组合回撤，力求达到为投资者实现较好中长期收益率和良好持仓体验的核心目标。","declarationDate":"2023-10-24T16:00:00.000Z","lastUpdated":"2026-03-09T13:46:32.605Z","fund":{"_id":3000000012308,"__csrcFundId":9727,"stockCode":"012308","shortName":"国泰价值远见混合(012308)","fundSecondLevel":"hybrid","stockType":"fund","areaCode":"cn","market":"a","tickerId":12308,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-04-30T23:15:10.599Z","status":"normal","exchange":"jj","name":"国泰价值远见混合型证券投资基金","fundCollectionId":4000050010000,"inceptionDate":"2021-09-06T16:00:00.000Z","followedNum":2,"masterFundShortName":"国泰价值远见混合","setUpDate":"2021-09-06T16:00:00.000Z","setUpAssetScale":189608619.45,"setUpShares":189608619.45,"pinyin":"gtjzyjhhxzqtzjj","managers":[{"stockCode":"db20873295","stockType":"fund_manager","exchange":"fm","tickerId":42404220640,"name":"丁小丹"}]},"announcement":{"linkText":"国泰价值远见混合型证券投资基金2023年第三季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=989791","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecf387fea5b3eb04f8e1d","date":"2023-06-29T16:00:00.000Z","stockId":3000000012308,"sao":"2023年以来，国内经济逐步从疫情中恢复，但由于复苏的速度低于部分乐观者的预期，市场整体表现一波三折，除了部分主题性较强的板块外，整体表现较弱。在过去短短的半年左右，市场就经历了从悲观转而乐观然后再度悲观的两次变化，反复用事实证明，“市场先生”的情绪波动非常剧烈、难以预测。本基金组合致力于在承担可控风险的基础上获得合理的长期回报，短期波动对投资决策的影响非常有限。在报告期内，随着我们对相关公司研究认知的进步，以及市场给予的价格机会，对组合进行了部分调整，主要相对增持了基本面确定性强同时估值在低位的公司。组合的主体持仓基本保持稳定。","declarationDate":"2023-07-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:46:32.602Z","mo":"站在目前时点，无论经济复苏的强弱与否，我们认为A股市场整体的估值水平已经反映了较为悲观的预期；对于投资而言，决定企业股东价值的是未来其能多大程度上为股东创造自由现金流，这是一个长期持续的概念，本质上受经济复苏的速度和幅度影响很小。另外，尽管当前对于未来的各种悲观预期均对企业未来的盈利能力预期有心理上的影响，但这不同于事实判断，在短期看非理性层面的因素更大。对于优质企业来说，为股东创造价值的能力因其较优秀的商业模式和企业文化而相对更为确定，实际上在更为悲观的预期下，其回报的相对确定性反而更为凸显。具备长期发展潜力和壁垒的品牌消费品、代表中国独特竞争优势的制造业和服务业中的优秀企业的经营结果也表现出了足够的韧性，在市场先生的低报价下，我们对其当前的回报潜力持更为乐观的态度。","fund":{"_id":3000000012308,"__csrcFundId":9727,"stockCode":"012308","shortName":"国泰价值远见混合(012308)","fundSecondLevel":"hybrid","stockType":"fund","areaCode":"cn","market":"a","tickerId":12308,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-04-30T23:15:10.599Z","status":"normal","exchange":"jj","name":"国泰价值远见混合型证券投资基金","fundCollectionId":4000050010000,"inceptionDate":"2021-09-06T16:00:00.000Z","followedNum":2,"masterFundShortName":"国泰价值远见混合","setUpDate":"2021-09-06T16:00:00.000Z","setUpAssetScale":189608619.45,"setUpShares":189608619.45,"pinyin":"gtjzyjhhxzqtzjj","managers":[{"stockCode":"db20873295","stockType":"fund_manager","exchange":"fm","tickerId":42404220640,"name":"丁小丹"}]},"announcement":{"linkText":"国泰价值远见两年封闭运作混合型证券投资基金2023年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=958389","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecf387fea5b3eb04f8e1c","date":"2023-03-30T16:00:00.000Z","stockId":3000000012308,"sao":"2023年一季度以来，国内经济逐步从疫情中恢复，欧美市场虽有波折但并未出现严重的危机。但A股市场投资者整体的信心仍比较弱，市场整体呈弱复苏状态，热点集中在新兴科技领域部分主题性较强的板块等。本基金组合致力于在承担可控风险的基础上获得合理的长期回报，短期波动对投资决策的影响非常有限，主要关注市场是否给予在较低的价格增持优秀企业的机会。在报告期内，主体持仓基本保持稳定，也在综合考量个股的风险收益比的基础上持续动态优化组合。","declarationDate":"2023-04-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:46:32.599Z","fund":{"_id":3000000012308,"__csrcFundId":9727,"stockCode":"012308","shortName":"国泰价值远见混合(012308)","fundSecondLevel":"hybrid","stockType":"fund","areaCode":"cn","market":"a","tickerId":12308,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-04-30T23:15:10.599Z","status":"normal","exchange":"jj","name":"国泰价值远见混合型证券投资基金","fundCollectionId":4000050010000,"inceptionDate":"2021-09-06T16:00:00.000Z","followedNum":2,"masterFundShortName":"国泰价值远见混合","setUpDate":"2021-09-06T16:00:00.000Z","setUpAssetScale":189608619.45,"setUpShares":189608619.45,"pinyin":"gtjzyjhhxzqtzjj","managers":[{"stockCode":"db20873295","stockType":"fund_manager","exchange":"fm","tickerId":42404220640,"name":"丁小丹"}]},"announcement":{"linkText":"国泰价值远见两年封闭运作混合型证券投资基金2023年第一季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=888515","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecf387fea5b3eb04f8e1b","date":"2022-12-30T16:00:00.000Z","stockId":3000000012308,"sao":"2022年以来，在国际政治经济局势大幅动荡，国内疫情反复等诸多背景下，A股股票市场在年内巨幅震荡。市场情绪在年内几经起落，在四季度出现了对中国未来极度悲观的非理性预期，因此全年市场表现较为低迷。本基金组合致力于在承担可控风险的基础上获得合理的长期回报，短期波动对投资决策的影响非常有限，主要关注市场是否给予在较低的价格增持优秀企业的机会。在报告期内，组合的主体持仓基本保持稳定，也综合考虑未来收益空间的可能性和确定性进一步优化了组合，组合表现优于整体市场。","declarationDate":"2023-01-19T16:00:00.000Z","lastUpdated":"2026-03-09T13:46:32.596Z","mo":"展望2023年，经济将有一定的复苏已经成为共识，而股票的价格当前已经有所修复，但市场的整体估值水平仍处在比较低的位置，股票市场下行的风险小于2022年。尽管当前市场对于2023年短期经济刺激政策抱有一定的期望，但我们更为期待的是对中国经济发展的长期预期回归理性。我们的组合管理并不是基于对短期趋势的博弈，对于市场关注的目的主要是寻找在较低的价格增持优秀企业的机会。当前部分优质企业的股票价格经过反复震荡后已经较好的消化了上一轮牛市之后的调整压力，而真正优质的企业其相对竞争优势不仅没有被削弱反而可能还有增强，对其长期发展前景可以更乐观一些。而对部分行业规模扩张较快的细分领域，仍会继续重视其供给侧能否形成持续的约束，领先的企业能否建立足够差异化的能力，更关注企业价值持续增长的可能性而非仅是盛极一时的行业景气度。组合会回避竞争优势较为脆弱的企业，但积极寻找具备足够差异化经营能力的潜力企业，大型公司和小型公司都在考察范围内。组合仍会聚焦于长期投资具备优秀商业模式和企业文化的少数企业，综合考虑其股东回报的客观确定性和空间可能性继续优化组合。","fund":{"_id":3000000012308,"__csrcFundId":9727,"stockCode":"012308","shortName":"国泰价值远见混合(012308)","fundSecondLevel":"hybrid","stockType":"fund","areaCode":"cn","market":"a","tickerId":12308,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-04-30T23:15:10.599Z","status":"normal","exchange":"jj","name":"国泰价值远见混合型证券投资基金","fundCollectionId":4000050010000,"inceptionDate":"2021-09-06T16:00:00.000Z","followedNum":2,"masterFundShortName":"国泰价值远见混合","setUpDate":"2021-09-06T16:00:00.000Z","setUpAssetScale":189608619.45,"setUpShares":189608619.45,"pinyin":"gtjzyjhhxzqtzjj","managers":[{"stockCode":"db20873295","stockType":"fund_manager","exchange":"fm","tickerId":42404220640,"name":"丁小丹"}]},"announcement":{"linkText":"国泰价值远见两年封闭运作混合型证券投资基金2022年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=866406","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecf387fea5b3eb04f8e1a","date":"2022-09-29T16:00:00.000Z","stockId":3000000012308,"sao":"2022年三季度以来，在疫情反复、国际国内宏观形势不明等多重背景下，国内股票市场走势较为低迷。本基金组合致力于在承担可控风险的基础上获得合理的长期回报，短期波动对投资决策的影响非常有限，主要关注市场是否给予在较低的价格增持优秀企业的机会。在报告期内，组合逢低对长期看好的优秀企业继续增持，组合的主体持仓基本保持稳定。","declarationDate":"2022-10-25T16:00:00.000Z","lastUpdated":"2026-03-09T13:46:32.591Z","fund":{"_id":3000000012308,"__csrcFundId":9727,"stockCode":"012308","shortName":"国泰价值远见混合(012308)","fundSecondLevel":"hybrid","stockType":"fund","areaCode":"cn","market":"a","tickerId":12308,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-04-30T23:15:10.599Z","status":"normal","exchange":"jj","name":"国泰价值远见混合型证券投资基金","fundCollectionId":4000050010000,"inceptionDate":"2021-09-06T16:00:00.000Z","followedNum":2,"masterFundShortName":"国泰价值远见混合","setUpDate":"2021-09-06T16:00:00.000Z","setUpAssetScale":189608619.45,"setUpShares":189608619.45,"pinyin":"gtjzyjhhxzqtzjj","managers":[{"stockCode":"db20873295","stockType":"fund_manager","exchange":"fm","tickerId":42404220640,"name":"丁小丹"}]},"announcement":{"linkText":"国泰价值远见两年封闭运作混合型证券投资基金2022年第三季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=807245","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecf387fea5b3eb04f8e19","date":"2022-06-29T16:00:00.000Z","stockId":3000000012308,"sao":"2022年以来，在国际政治经济局势大幅动荡，国内疫情反复等诸多背景下，A股股票市场在短期内巨幅震荡，先大幅下跌进而快速反弹，但整体表现较为弱势。这再一次表明了股票市场短期走势经常是意料之外情理之中，而对其提前预判的准确概率则非常可疑。本基金组合致力于在承担可控风险的基础上获得合理的长期回报，短期波动对投资决策的影响非常有限，主要关注市场是否给予在较低的价格增持优秀企业的机会。在报告期内，组合的主体持仓基本保持稳定。","declarationDate":"2022-07-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:46:32.588Z","mo":"当前虽然关于疫情、通胀、美国等主要发达国家经济体的短期变化仍然难以准确估计，但相对这些不确定性而言，基于对国内政府强大的资源调动能力的信心，从去年开始逐步走弱的国内经济持续恶化的可能性已经比较低。考虑到部分优质企业的股票价格已经经历一段较长时间的调整期，且其相对竞争优势和长期发展前景并没有显著恶化，我们认为其当前的潜在回报水平已经不错。近两年来，快速扩张的一些行业的股价走势相对较为突出，但随着产业链发展的逐步演化，其供给侧能否形成持续的约束、领先的企业能否建立较为深度的护城河以维护自己的盈利能力会显得越来越重要，行业内部大概率会大幅分化。如果仅仅依靠规模扩张较快而被贴上成长股标签，在不断博弈中估值高位的公司将面临永久性损失的风险。基金组合仍会以长期持有优质企业为主。其主要特点是处在稳定且慢变的领域，公司已经积累了难以轻易被颠覆的竞争力，且其长期增长潜力仍然不错。考虑到中国经济当前仍处在比较快速的增长阶段，不少优质企业的国际竞争优势也在增强，中国人民富起来的时间也太短，这类企业仍同时具备较好的成长空间和确定性，其仍处在对股东回报的黄金期。此外，考虑中国作为追赶型经济体的自身特征，以及A股市场的情绪波动相较成熟市场更为剧烈，组合也会考虑其他类型的投资机会，一类是相对优秀程度虽不顶级但价格足够低的价值类型的公司；一类是公司在发展的早期即展现出足够的差异化经营思路，可能在未来逐步建立护城河的成长型企业。","fund":{"_id":3000000012308,"__csrcFundId":9727,"stockCode":"012308","shortName":"国泰价值远见混合(012308)","fundSecondLevel":"hybrid","stockType":"fund","areaCode":"cn","market":"a","tickerId":12308,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-04-30T23:15:10.599Z","status":"normal","exchange":"jj","name":"国泰价值远见混合型证券投资基金","fundCollectionId":4000050010000,"inceptionDate":"2021-09-06T16:00:00.000Z","followedNum":2,"masterFundShortName":"国泰价值远见混合","setUpDate":"2021-09-06T16:00:00.000Z","setUpAssetScale":189608619.45,"setUpShares":189608619.45,"pinyin":"gtjzyjhhxzqtzjj","managers":[{"stockCode":"db20873295","stockType":"fund_manager","exchange":"fm","tickerId":42404220640,"name":"丁小丹"}]},"announcement":{"linkText":"国泰价值远见两年封闭运作混合型证券投资基金2022年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=780700","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecf387fea5b3eb04f8e18","date":"2022-03-30T16:00:00.000Z","stockId":3000000012308,"sao":"2022年一季度以来，在国际局势恶化、国内宏观经济走弱以及疫情再度复燃等多重背景下，国内股票市场走势较为低迷。除少数在通胀预期下相对受损较小的行业外，大部分公司的股价均经历了一轮调整。本基金组合致力于在承担可控风险的基础上获得合理的长期回报，短期波动对投资决策的影响非常有限，主要关注市场是否给予在较低的价格增持优秀企业的机会。在报告期内，组合的主体持仓基本保持稳定。","declarationDate":"2022-04-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:46:32.585Z","fund":{"_id":3000000012308,"__csrcFundId":9727,"stockCode":"012308","shortName":"国泰价值远见混合(012308)","fundSecondLevel":"hybrid","stockType":"fund","areaCode":"cn","market":"a","tickerId":12308,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-04-30T23:15:10.599Z","status":"normal","exchange":"jj","name":"国泰价值远见混合型证券投资基金","fundCollectionId":4000050010000,"inceptionDate":"2021-09-06T16:00:00.000Z","followedNum":2,"masterFundShortName":"国泰价值远见混合","setUpDate":"2021-09-06T16:00:00.000Z","setUpAssetScale":189608619.45,"setUpShares":189608619.45,"pinyin":"gtjzyjhhxzqtzjj","managers":[{"stockCode":"db20873295","stockType":"fund_manager","exchange":"fm","tickerId":42404220640,"name":"丁小丹"}]},"announcement":{"linkText":"国泰价值远见两年封闭运作混合型证券投资基金2022年第一季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=728364","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecf387fea5b3eb04f8e17","date":"2021-12-30T16:00:00.000Z","stockId":3000000012308,"sao":"2021年以来，市场分化程度较大，以沪深300为代表的大盘蓝筹股表现较为低迷，部分中小市值公司以及受益于双碳政策的板块表现相对突出。本基金组合致力于在承担可控风险的基础上获得合理的长期回报，短期波动对投资决策的影响非常有限。本基金在今年完成建仓，在市场波动中，逐步买入了一些长期看好的优秀企业，持仓主体和此前的预期保持一致。","declarationDate":"2022-01-23T16:00:00.000Z","lastUpdated":"2026-03-09T13:46:32.582Z","mo":"在此简要陈述下基金经理对于机构投资者中较为流行的以行业景气度作为重要决策依据的观点。行业景气的起落本身是产业发展的客观规律，在行业的高景气阶段，企业发展的各种有利消息接踵而来，这对市场中庞大的参与者都是一种积极的信号。景气度的边际变化经常在短期非常明显，这主要影响的是市场中众多参与者对企业阶段上增长速度的预期。而企业价值是在其整个生命周期中创造的，并非增长快时价值量就高，而增长慢时价值就低。因此追逐景气度的策略是以股票为筹码、以和市场的预期差为坐标的一种交易行为。如若市场过度追求景气度，则可能出现非常激烈的博弈，导致股票阶段上的定价与实际价值发生较大的偏差，从而加剧市场的波动。在这个过程中，对于长期投资者而言，更为关注的是是否有更好的机会买入其长期看好的优质企业。对于产业具备较大想象空间的领域，市场倾向于给予相关的股票较高的估值。较好的增长空间诚然是价值创造的一种因素，但并不是一个充分条件。如果在供给侧没有形成中长期的约束，以及领先的企业不具备一些良好的经济特征以长期维护自己的高盈利能力，则在长时间内供给的总量和结构总是会相对于需求恶化，进而大幅侵蚀企业的盈利能力，相关的股票面临较大的风险。站在目前时点，继续维持长期以来的基本观点。对中国优秀企业的长期投资机会依然充满信心。相对于一年之前，部分优质的公司的价格已经相对更为合理，如继续调整则是更好的介入机会。基金组合的投资重点仍是聚焦于那些具备较好商业模式和企业文化的少数企业。行业上重点仍在消费、制造业、互联网和医疗健康等领域。","fund":{"_id":3000000012308,"__csrcFundId":9727,"stockCode":"012308","shortName":"国泰价值远见混合(012308)","fundSecondLevel":"hybrid","stockType":"fund","areaCode":"cn","market":"a","tickerId":12308,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-04-30T23:15:10.599Z","status":"normal","exchange":"jj","name":"国泰价值远见混合型证券投资基金","fundCollectionId":4000050010000,"inceptionDate":"2021-09-06T16:00:00.000Z","followedNum":2,"masterFundShortName":"国泰价值远见混合","setUpDate":"2021-09-06T16:00:00.000Z","setUpAssetScale":189608619.45,"setUpShares":189608619.45,"pinyin":"gtjzyjhhxzqtzjj","managers":[{"stockCode":"db20873295","stockType":"fund_manager","exchange":"fm","tickerId":42404220640,"name":"丁小丹"}]},"announcement":{"linkText":"国泰价值远见两年封闭运作混合型证券投资基金2021年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=710465","linkType":"PDF","source":"csrc_pdf"}}]}