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A股震荡下跌，上证指数向下突破3100点后有所反弹。报告期内，股票方面，本基金根据市场情况保持了合理仓位；债券方面，配置了合理的仓位和久期，并根据市场情况进行了一定的波段操作。","declarationDate":"2022-10-24T16:00:00.000Z","lastUpdated":"2026-03-09T13:49:06.225Z","fund":{"_id":3000000013101,"__csrcFundId":10302,"stockCode":"013101","shortName":"华夏稳福六个月持有混合(013101)","fundSecondLevel":"hybrid","stockType":"fund","areaCode":"cn","market":"a","tickerId":13101,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-04-30T23:37:04.595Z","status":"normal","exchange":"jj","name":"华夏稳福六个月持有期混合型证券投资基金","fundCollectionId":4000050030000,"masterFundShortName":"华夏稳福六个月持有混合","inceptionDate":"2021-12-20T16:00:00.000Z","followedNum":1,"setUpDate":"2021-12-20T16:00:00.000Z","setUpAssetScale":683684424.78,"setUpShares":683684424.78,"pinyin":"hxwflgycyqhhxzqtzjj","managers":[{"stockCode":"db20886674","stockType":"fund_manager","exchange":"fm","tickerId":2306221010,"name":"吴凡"}]},"announcement":{"linkText":"华夏稳福六个月持有期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=803214","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecfd27fea5b3eb0502ea4","date":"2022-06-29T16:00:00.000Z","stockId":3000000013101,"sao":"2022年上半年，海内外突发事件较多。俄乌战争爆发，商品价格强势，通胀超预期抬升，美联储大幅加息，10Y期美债最高上到3.49%。国内方面，3月起疫情再度蔓延，波及省市范围超过2020年，4-5月生产、消费受到显著负面影响。上半年需求端整体呈现出口韧性强、消费弱、基建投资强、地产投资弱的格局。融资端，上半年信用扩张效果不佳，社融增速1-5月持续在10.2-10.5%之间震荡，预计6月会有所提高。通胀方面，猪肉价格Q1下跌Q2反弹，下半年预计均价较上半年有所抬升，但全年CPI压力仍然不大。PPI同比今年持续见顶回落。市场方面，上半年货币政策边际宽松，短端利率下行，1Y期国债从年初的2.24%下行至近期2.0%左右，长端在美债和稳增长预期压制下呈现震荡走势，10Y期国债与年初基本持平。信用债收益率整体跟随利率债呈现震荡走势。权益方面，A股先是在海外流动性收紧、俄乌战争、国内疫情的轮番冲击下大幅下跌，之后在高层会议提振稳增长预期、地产政策有所放松等影响下，4月底以来出现明显反弹，全A跌幅从最低-27%收复至-10%。行业结构上，煤炭上半年涨幅一枝独秀，电子、计算机、传媒、军工行业跌幅居前。转债指数跌幅也已从-12%收窄至-4%，溢价率在历史高位震荡。报告期内，本基金保持了相对中性的债券久期和仓位，维持了中性偏低的股票和可转债仓位。","declarationDate":"2022-07-19T16:00:00.000Z","lastUpdated":"2026-03-09T13:49:06.223Z","mo":"展望下半年，海外宏观经济预计继续边际转弱。国内方面，融资端社融增速7月可能见顶，后续小幅回落。需求方面，出口可能承压，常态化核酸机制下再度出现全城封控的可能性较小，消费预计平稳，地产投资短期难见大幅好转，基建投资预计保持较高增速。在基本面明显好转前，货币政策预计仍然保持偏宽松。整体宏观环境对权益影响较为中性。估值方面，目前A股估值仍处于历史中性偏低位置，性价比中期来看略高于债券。因此，预计下半年全A指数大幅波动的可能性较小。结构上，从当前景气度来看，上游资源品和新能源板块仍处于业绩高增状态，从边际变化上看，下半年内需主导的行业可能会好于外需主导的行业。策略上，由于指数波动幅度可能不会太大，整体权益仓位保持中性，给可能的调仓留出空间，结构上会对稳增长低估值类和成长类都进行配置，等待结构性机会的明朗化。转债目前溢价率仍处于历史高位，相对正股性价比一般。珍惜基金份额持有人的每一分投资和每一份信任，本基金将奉行华夏基金管理有限公司“为信任奉献回报”的经营理念，规范运作，审慎投资，勤勉尽责地为基金份额持有人谋求长期、稳定的回报。","fund":{"_id":3000000013101,"__csrcFundId":10302,"stockCode":"013101","shortName":"华夏稳福六个月持有混合(013101)","fundSecondLevel":"hybrid","stockType":"fund","areaCode":"cn","market":"a","tickerId":13101,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-04-30T23:37:04.595Z","status":"normal","exchange":"jj","name":"华夏稳福六个月持有期混合型证券投资基金","fundCollectionId":4000050030000,"masterFundShortName":"华夏稳福六个月持有混合","inceptionDate":"2021-12-20T16:00:00.000Z","followedNum":1,"setUpDate":"2021-12-20T16:00:00.000Z","setUpAssetScale":683684424.78,"setUpShares":683684424.78,"pinyin":"hxwflgycyqhhxzqtzjj","managers":[{"stockCode":"db20886674","stockType":"fund_manager","exchange":"fm","tickerId":2306221010,"name":"吴凡"}]},"announcement":{"linkText":"293华夏稳福六个月持有期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=781731","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecfd27fea5b3eb0502ea3","date":"2022-03-30T16:00:00.000Z","stockId":3000000013101,"sao":"2022年开年以来，海内外突发事件较多，俄乌战争爆发，油气等商品价格暴涨，通胀预期大幅抬升，美联储3月加息50BP落地，后续年内仍将有多次加息。国内方面，1-2月经济同比读数整体较为亮眼，但很大程度上是受去年同期基数较低的影响，在剔除基数效应以后，经济整体呈现内需磨底、外需筑顶的格局。金融数据方面，社融增速先上后下，结构上呈现总量稳结构弱的特征，显示信用扩张的力度仍不明显。3月疫情再度爆发，蔓延至20多个省市，扩散程度明显大于以往的点状爆发情景，对消费造成了较为显著的负面影响，生产端受到的影响预计较小。通胀方面，猪肉价格持续低位，全年CPI预计压力不大。PPI同比去年10月冲高至13.5%，之后持续见顶回落，战争导致的能源价格上涨短期会对PPI造成一定影响，但全年来看仍应关注宏观需求。市场方面，今年1季度在较为宽松的资金面、不及预期的宽信用力度、海外流动性超预期收紧的背景下，债券收益率呈现震荡走势。去年底10Y期国债收益率为2.78%，2022年1季度末也是2.78%，1Y期国债利率有小幅下行。信用债收益率整体跟随利率债走势，但幅度上信用利差有所走阔，3-5Y信用债较年初上行了20-25BP。地产债受信用风险事件影响，整体价格波动较大。权益方面，今年1季度全 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