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增支持政策。货币政策有望延续宽松态势，资金面或将继续保持平稳，对债券短端品种构成支撑，短债利率有望保持平稳；权益市场持续强势、反内卷预期下商品期货走强，对债券长端持续构成扰动，长债或持续面临波动压力。基于上述判断，下半年本基金将继续保持稳收益、控回撤的投资风格。根据账户流动性情况灵活调整仓位和杠杆水平，控制组合久期、积极轮动持仓品种，在市场波动中适当参与交易性机会增厚组合收益。","fund":{"_id":3000000013281,"__csrcFundId":9867,"stockCode":"013281","shortName":"国泰海通30天滚动持有中短债(013281)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":13281,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-04-30T23:42:19.307Z","status":"normal","exchange":"jj","name":"国泰海通30天滚动持有中短债债券型证券投资基金","fundCollectionId":4000052120000,"inceptionDate":"2021-08-31T16:00:00.000Z","followedNum":1,"masterFundShortName":"国泰海通30天滚动持有中短债","setUpDate":"2021-08-31T16:00:00.000Z","setUpAssetScale":245238129.37,"setUpShares":245238129.37,"pinyin":"gtht30tgdcyzdzzqxzqtzjj","managers":[{"stockCode":"db20556274","stockType":"fund_manager","exchange":"fm","tickerId":40818212810,"name":"杜浩然"}]},"announcement":{"linkText":"国泰君安30天滚动持有中短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=1342623","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecff37fea5b3eb0505214","date":"2025-03-30T16:00:00.000Z","stockId":3000000013281,"sao":"1季度，债券市场波动较大，收益率先上后下，总体上行。基本面方面，1-3月官方制造业PMI分别为49.1、50.2、50.5，呈持续边际改善状态。资金面方面，1-3月DR007月度均值分别为1.93%、2.01%、1.88%，资金面波动成为扰动债市主要因素，1月份资金利率波动较大，2月份波动性下降但资金中枢仍然较高，由于债券收益率与资金利率倒挂，导致1-2月债市出现明显调整，尤其是对资金利率波动更为敏感的短久期品种，3月上半月市场对货币政策宽松预期有所回撤，导致长久期债券明显调整，3月中下旬随着资金面转松，收益率进入下行趋势。总体来看，1季度1年期AAACD上行31bp、1年AA+中票上行22bp、1年AA城投上行19bp，3年国开收益率上行32bp、10年国开收益率上行11bp。操作方面，报告期内基金以剩余期限中短期限信用债为主要配置资产，保持适度久期和杠杆，灵活调仓，做好品种轮动，保持好组合流动性，在关注收益的同时兼顾回撤控制。","declarationDate":"2025-04-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:49:39.804Z","fund":{"_id":3000000013281,"__csrcFundId":9867,"stockCode":"013281","shortName":"国泰海通30天滚动持有中短债(013281)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":13281,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-04-30T23:42:19.307Z","status":"normal","exchange":"jj","name":"国泰海通30天滚动持有中短债债券型证券投资基金","fundCollectionId":4000052120000,"inceptionDate":"2021-08-31T16:00:00.000Z","followedNum":1,"masterFundShortName":"国泰海通30天滚动持有中短债","setUpDate":"2021-08-31T16:00:00.000Z","setUpAssetScale":245238129.37,"setUpShares":245238129.37,"pinyin":"gtht30tgdcyzdzzqxzqtzjj","managers":[{"stockCode":"db20556274","stockType":"fund_manager","exchange":"fm","tickerId":40818212810,"name":"杜浩然"}]},"announcement":{"linkText":"国泰君安30天滚动持有中短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=1272847","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecff37fea5b3eb0505213","date":"2024-12-30T16:00:00.000Z","stockId":3000000013281,"sao":"报告期内本基金继续以剩余期限中短期限信用债为主要配置资产，保持适度久期和杠杆，适当参与利率债和商金债等交易类资产的交易性机会，在关注收益的同时兼顾回撤控制。2025年本基金将继续保持稳收益、控回撤的投资风格。根据账户流动性情况灵活调整仓位和杠杆水平，控制组合久期、关注短久期品种配置价值，在市场波动中适当参与交易性机会增厚组合收益。","declarationDate":"2025-01-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:49:39.802Z","mo":"展望2025年，预计经济将延续回升趋势，财政政策更加积极、货币政策适度宽松，债市或难现单边行情，需要在波动中寻求收益。随着24年9月底一揽子政策发力，4季度经济明显回升，25年经济有望延续回升态势，房地产对经济的拖累程度改善，政策大力推动下消费有望持续复苏，科技行业迅速发展方兴未艾，不过外围因素仍面临一定的不确定性，货币政策仍需保持适度宽松，为经济发展保驾护航，同时考虑到债券资产的绝对收益率水平已经不高，预计2025年债市难以出现单边牛市或熊市，总体将呈现区间震荡，需要在波动中逆势把握交易收益。","fund":{"_id":3000000013281,"__csrcFundId":9867,"stockCode":"013281","shortName":"国泰海通30天滚动持有中短债(013281)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":13281,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-04-30T23:42:19.307Z","status":"normal","exchange":"jj","name":"国泰海通30天滚动持有中短债债券型证券投资基金","fundCollectionId":4000052120000,"inceptionDate":"2021-08-31T16:00:00.000Z","followedNum":1,"masterFundShortName":"国泰海通30天滚动持有中短债","setUpDate":"2021-08-31T16:00:00.000Z","setUpAssetScale":245238129.37,"setUpShares":245238129.37,"pinyin":"gtht30tgdcyzdzzqxzqtzjj","managers":[{"stockCode":"db20556274","stockType":"fund_manager","exchange":"fm","tickerId":40818212810,"name":"杜浩然"}]},"announcement":{"linkText":"国泰君安30天滚动持有中短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=1252922","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecff37fea5b3eb0505212","date":"2024-09-29T16:00:00.000Z","stockId":3000000013281,"sao":"3季度，债券市场先强后弱，波动较大，利率信用表现分化。基本面方面，7-9月官方制造业PMI分别为49.4、49.1、49.8，低于50荣枯线，不过边际有一定改善。资金面方面，7-9月DR007月度均值分别为1.83%、1.79%、1.79%，资金利率保持平稳并略有回落，7月央行降低OMO利率10bp至1.7%、9月末再度降低OMO利率20bp至1.5%，货币政策宽松力度有所加大。债券市场方面，7月债市表现较好，降息落地后利率下行幅度加大，8月债市有所波澜，波动加大，8月下旬-9月中上旬，再度降息预期增强，市场利率总体下行，不过9月末随着降息利好落地、政治局会议召开后宽信用预期增强、权益市场快速上涨，债市波动加剧。总体来看，3季度利率债表现好于信用债，1年期AAACD下行5bp、1年AA+中票上行14bp、1年AA城投上行22bp，3年国开收益率下行6bp、10年国开收益率下行5bp。操作方面，报告期内基金以剩余期限中短期限信用债为主要配置资产，保持适度久期和杠杆，灵活调仓，做好品种轮动，保持好组合流动性，在关注收益的同时兼顾回撤控制。","declarationDate":"2024-10-24T16:00:00.000Z","lastUpdated":"2026-03-09T13:49:39.799Z","fund":{"_id":3000000013281,"__csrcFundId":9867,"stockCode":"013281","shortName":"国泰海通30天滚动持有中短债(013281)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a"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，居民超额储蓄能否释放有待观察，经济复苏的斜率和高度仍存在不确定性。不过，后续政策端可能会有持续发力动作，经济持续改善的方向是确定的。2季度货币政策将保持中性格局，资金中枢围绕政策利率波动，但不排除若经济改善好于预期，货币政策可能边际调整。2季度债券市场存在一定的波动风险，但考虑到经济复苏斜率偏缓，波动幅度或相对有限；在资金中枢相对稳定的格局下，同业存单和短端高等级信用债大概率会保持震荡，而中低等级信用债经过1季度收益率的大幅下行，后续收益率超额下行空间已经有限，性价比降低。从绝对收益率水平来看，我们认为短端品种的配置价值仍然较高，可以持续关注，若遇市场调整，反而是较好的配置机会。基于上述判断，二季度本基金将继续保持稳收益、控回撤的投资风格。根据账户流动性情况灵活调整仓位和杠杆水平，控制组合久期、积极轮动持仓品种，在市场波动中适当参与交易性机会增厚组合收益。","declarationDate":"2023-04-22T16:00:00.000Z","lastUpdated":"2026-03-09T13:49:39.783Z","fund":{"_id":3000000013281,"__csrcFundId":9867,"stockCode":"013281","shortName":"国泰海通30天滚动持有中短债(013281)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":13281,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-04-30T23:42:19.307Z","status":"normal","exchange":"jj","name":"国泰海通30天滚动持有中短债债券型证券投资基金","fundCollectionId":4000052120000,"inceptionDate":"2021-08-31T16:00:00.000Z","followedNum":1,"masterFundShortName":"国泰海通30天滚动持有中短债","setUpDate":"2021-08-31T16:00:00.000Z","setUpAssetScale":245238129.37,"setUpShares":245238129.37,"pinyin":"gtht30tgdcyzdzzqxzqtzjj","managers":[{"stockCode":"db20556274","stockType":"fund_manager","exchange":"fm","tickerId":40818212810,"name":"杜浩然"}]},"announcement":{"linkText":"国泰君安30天滚动持有中短债债券型证券投资基金2023年第一季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=888018","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecff37fea5b3eb050520b","date":"2022-12-30T16:00:00.000Z","stockId":3000000013281,"sao":"报告期内本基金继续以剩余期限中短期限信用债为主要配置资产，保持适度久期和杠杆，适当参与利率债和存单的交易性机会，在关注收益的同时兼顾回撤控制。2023年本基金将继续保持稳收益、控回撤的投资风格。根据账户流动性情况灵活调整仓位和杠杆水平，控制组合久期、关注短久期品种配置价值，在市场波动中适当参与交易性机会增厚组合收益。","declarationDate":"2023-01-19T16:00:00.000Z","lastUpdated":"2026-03-09T13:49:39.780Z","mo":"展望2023年，经济进入复苏轨道，资金中枢回归政策利率，债券收益率整体震荡上行，关注短久期品种配置价值。宏观方面，疫情快速达峰后影响减弱；固投、消费、工业生产三大数据中，2022年消费下滑最大，预计2023年将有所改善；地产高频指标仍未改善，预计23年在政策支持和基数作用下，将呈现一定的触底回升，但高度仍需观察。货币政策方面，随着经济呈现复苏态势，货币政策将回归正常化，资金中枢回归政策利率，特殊时点资金面波动也将有所加大。2023年初由于资金宽松、疫情快速达峰和配置盘影响，债券收益率呈现一定程度的下行，随着春节后经济加速修复，债券收益率将呈现震荡上行态势，短久期品种的配置价值也将持续凸显。","fund":{"_id":3000000013281,"__csrcFundId":9867,"stockCode":"013281","shortName":"国泰海通30天滚动持有中短债(013281)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":13281,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-04-30T23:42:19.307Z","status":"normal","exchange":"jj","name":"国泰海通30天滚动持有中短债债券型证券投资基金","fundCollectionId":4000052120000,"inceptionDate":"2021-08-31T16:00:00.000Z","followedNum":1,"masterFundShortName":"国泰海通30天滚动持有中短债","setUpDate":"2021-08-31T16:00:00.000Z","setUpAssetScale":245238129.37,"setUpShares":245238129.37,"pinyin":"gtht30tgdcyzdzzqxzqtzjj","managers":[{"stockCode":"db20556274","stockType":"fund_manager","exchange":"fm","tickerId":40818212810,"name":"杜浩然"}]},"announcement":{"linkText":"国泰君安30天滚动持有中短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=870345","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecff37fea5b3eb050520a","date":"2022-09-29T16:00:00.000Z","stockId":3000000013281,"sao":"1、市场回顾及运作分析三季度，疫情反复扰动和地产复苏偏弱之下，经济短期承压，降息带动债券市场震荡上涨。基本面方面，经济呈现弱复苏，PMI从6月份50.2下滑到7月份的低点49，9月份重回50.1。政策面方面，货币政策整体仍然维持偏松，8月份MLF和OMO双降10BP，LPR5年下调15BP，1年下调5BP，货币宽松带动债市上涨。R007、DR007的3季度中枢分别为1.6418%、1.5224%，资金价格相对稳定、显著低于OMO政策利率并相比2季度继续下移，机构杠杆套息力度较大，带动信用利差持续压缩。资产表现方面，3季度同业存单利率震荡下行，1年期AAA级CD利率下行至1.99%附近，3年期国债收益率下行12bp、10年国债下行6bp，3年AAA中短期票据收益率下行25BP、AA+、AA中短期票据收益率下行23bp、28bp，信用利差持续压缩。操作方面，报告期内基金以剩余期限中短期限信用债为主要配置资产，保持适度久期和杠杆，适当参与利率债和存单的交易性机会，在关注收益的同时兼顾回撤控制。2、市场展望和投资策略展望四季度，疫情反复扰动、地产回暖拐点尚未出现、出口边际回落，基建投资着力点在于落实，经济或继续呈现弱复苏态势。货币政策松紧适度，资金中枢或逐步回归政策利率中枢。国内方面，新冠病毒变异速度较快，新变种病毒传播性增强、冬季的防疫压力更大，疫情反复仍将对经济复苏进程、市场主体预期形成扰动。地产行业风险仍在出清过程中，政策有所放宽，但销售尚未出现明确回暖的拐点。海外方面，俄乌冲突扩大、核心通胀超预期催生强势美元，美联储仍处于超预期持续加息缩表的过程中，人民币汇率短期承压。货币政策以我为主、内外兼顾，进一步显著放松的可能性降低，但考虑到经济复苏的稳固性、疫情的反复性、内外部经济环境的复杂性，转向收紧的概率也不高，或仍将维持中性温和，并有节奏地、逐步引导市场利率缓慢回归政策利率中枢，预计4季度市场利率或呈现区间震荡。基于上述判断，四季度本基金将继续保持稳收益、控回撤的投资风格。根据账户流动性情况灵活调整仓位和杠杆水平，配置上在久期适度、灵活性高的品种间择优挑选，适当参与交易性机会增厚组合收益，发挥中短债基金久期中枢较短、调整灵活、攻守兼备的特点，兼顾收益与回撤。","declarationDate":"2022-10-25T16:00:00.000Z","lastUpdated":"2026-03-09T13:49:39.777Z","fund":{"_id":3000000013281,"__csrcFundId":9867,"stockCode":"013281","shortName":"国泰海通30天滚动持有中短债(013281)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":13281,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-04-30T23:42:19.307Z","status":"normal","exchange":"jj","name":"国泰海通30天滚动持有中短债债券型证券投资基金","fundCollectionId":4000052120000,"inceptionDate":"2021-08-31T16:00:00.000Z","followedNum":1,"masterFundShortName":"国泰海通30天滚动持有中短债","setUpDate":"2021-08-31T16:00:00.000Z","setUpAssetScale":245238129.37,"setUpShares":245238129.37,"pinyin":"gtht30tgdcyzdzzqxzqtzjj","managers":[{"stockCode":"db20556274","stockType":"fund_manager","exchange":"fm","tickerId":40818212810,"name":"杜浩然"}]},"announcement":{"linkText":"国泰君安30天滚动持有中短债债券型证券投资基金2022年第三季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=806275","linkType":"PDF","source":"csrc_pdf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10BP和15BP，资金价格相对稳定、显著低于OMO政策利率，R007、DR007的2季度中枢分别为1.8519%、1.7248%，机构杠杆套息力度较大，带动信用利差大幅压缩。上半年，同业存单利率震荡下行，1年期AAA级CD利率全年从2.60%下行到2.3%附近，3年期国债收益率下行0.9bp、10年国债上行4.5bp，3年AAA中短期票据收益率上行4BP、AA+、AA中短期票据收益率下行1bp、38bp，中低等级信用利差压缩。操作方面，报告期内基金以剩余期限中短期限信用债为主要配置资产，保持适度久期和杠杆，适当参与利率债和存单的交易性机会，在关注收益的同时兼顾回撤控制。","declarationDate":"2022-07-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:49:39.769Z","mo":"展望下半年，稳增长政策持续发力下经济将缓步复苏，不过在疫情持续扰动、地产下行压力拖累下复苏斜率或较为平缓，货币政策仍将持续保驾护航，流动性保持合理充裕，资金中枢缓慢向政策利率回归。政治局会议强调“保持经济运行在合理区间，力争实现最好结果”、“财政货币政策要有效弥补社会需求不足。用好地方政府专项债券资金，支持地方政府用足用好专项债务限额”，在稳增长政策持续发力下，经济基本面将持续修复，但短期在疫情时有扰动、地产行业仍面临下行压力的拖累下，经济修复斜率或较为平缓，货币政策将维持流动性合理充裕，易松难紧，但也需提防随着经济增长逐渐回归潜在增速，资金中枢也将缓慢回归政策利率带来的调整风险。基于上述判断，本基金将继续保持稳收益、控回撤的投资风格。根据账户流动性情况灵活调整仓位和杠杆水平，配置上在久期适度、灵活性高的品种间择优挑选，适当参与交易性机会增厚组合收益，发挥中短债基金久期中枢较短、调整灵活、攻守兼备的特点，兼顾收益与回撤。","fund":{"_id":3000000013281,"__csrcFundId":9867,"stockCode":"013281","shortName":"国泰海通30天滚动持有中短债(013281)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":13281,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-04-30T23:42:19.307Z","status":"normal","exchange":"jj","name":"国泰海通30天滚动持有中短债债券型证券投资基金","fundCollectionId":4000052120000,"inceptionDate":"2021-08-31T16:00:00.000Z","followedNum":1,"masterFundShortName":"国泰海通30天滚动持有中短债","setUpDate":"2021-08-31T16:00:00.000Z","setUpAssetScale":245238129.37,"setUpShares":245238129.37,"pinyin":"gtht30tgdcyzdzzqxzqtzjj","managers":[{"stockCode":"db20556274","stockType":"fund_manager","exchange":"fm","tickerId":40818212810,"name":"杜浩然"}]},"announcement":{"linkText":"国泰君安30天滚动持有中短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=786285","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecff37fea5b3eb0505208","date":"2022-03-30T16:00:00.000Z","stockId":3000000013281,"sao":"1、市场回顾及运作分析一季度经济受疫情部分升级、外需出口弱化、地产疲弱等因素影响尚未形成显著复苏趋势。货币政策持续保持稳健偏松。2022年1-3月，中采制造业PMI分别为50.1、50.2和49.5，3月份PMI再次落入荣枯线以下。1月初OMO和LPR均降息，资金中枢DR007均值2.095%，维持略低于OMO利率2.1%，围绕政策利率附近波动。1年期AAA级CD利率1季度总体呈现V型走势，伴随宽松预期增强和降息降准1季度落空而先下后上， 1季度整体下行4BP。1季度，3年期国债收益率下行4bp、10年国债上行1bp，3年AAA、AA+、AA中短期票据收益率上行17bp、16bp、下行7bp，中高等级利差走阔，低等级利差压缩。操作方面，报告期内基金以剩余期限中短期限信用债为主要配置资产，保持适度久期和杠杆，适当参与利率债和存单的交易性机会，在关注收益的同时兼顾回撤控制。2、市场展望和投资策略展望2季度，经济基本面不确定性增加，货币政策料将继续维持稳健宽松。国内方面，吉林、深圳、上海等多地疫情态势升级，防疫难度提高，各地防控疫情之下采取暂时性的封城封路措施对2季度经济增长产生一定负面扰动。地产板块风险出清速度加快，但在经历年初各地因城施策之下的地方调控边际放松以后，销售数据依然疲软，2月居民中长贷新增量一度转负。外需端，1-2月出口同比增速16.3%，已较去年8-12月的两年平均同比增速有所下滑，出口有所回落但整体仍有一定韧性。海外方面，1季度俄乌局部局势紧张加剧全球滞胀风险；美国加息缩表加快，美债利率持续上行，中美利差一度倒挂。尽管从中美实际利率利差、贸易顺差情况仍能对汇率形成支撑、人民币汇率处于相对坚挺位置，但一定程度中美名义利率倒挂对国内货币政策进一步宽松的空间有所约束。政策方面，稳增长、保就业之下，财政政策1季度平稳发力，专项债发行集中前置，支撑建筑业PMI修复，料二季度仍将“适时加力”，保证经济运行在合理区间。二季度货币政策尚未关闭继续降准降息空间，仍将保持市场流动性充裕，也需持续观察疫情拐点、经济基本面企稳迹象等重要信号。基于上述判断，2022年2季度本基金将继续保持稳收益、控回撤的投资风格。根据账户流动性情况灵活调整仓位和杠杆水平，配置上在久期适度、灵活性高的品种间择优挑选，适当参与交易性机会增厚组合收益，发挥中短债基金久期中枢较短、调整灵活、攻守兼备的特点，兼顾收益与回撤。","declarationDate":"2022-04-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:49:39.767Z","fund":{"_id":3000000013281,"__csrcFundId":9867,"stockCode":"013281","shortName":"国泰海通30天滚动持有中短债(013281)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":13281,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-04-30T23:42:19.307Z","status":"normal","exchange":"jj","name":"国泰海通30天滚动持有中短债债券型证券投资基金","fundCollectionId":4000052120000,"inceptionDate":"2021-08-31T16:00:00.000Z","followedNum":1,"masterFundShortName":"国泰海通30天滚动持有中短债","setUpDate":"2021-08-31T16:00:00.000Z","setUpAssetScale":245238129.37,"setUpShares":245238129.37,"pinyin":"gtht30tgdcyzdzzqxzqtzjj","managers":[{"stockCode":"db20556274","stockType":"fund_manager","exchange":"fm","tickerId":40818212810,"name":"杜浩然"}]},"announcement":{"linkText":"国泰君安30天滚动持有中短债债券型证券投资基金2022年第一季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=725971","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecff37fea5b3eb0505207","date":"2021-12-30T16:00:00.000Z","stockId":3000000013281,"sao":"报告期内基金以剩余期限中短期限信用债为主要配置资产，保持适度久期和杠杆，适当参与利率债和存单的交易性机会，在关注收益的同时兼顾回撤控制。2022年本基金将继续保持稳收益、控回撤的投资风格。根据账户流动性情况灵活调整仓位和杠杆水平，配置上在久期适度、灵活性高的品种间择优挑选，适当参与交易性机会增厚组合收益，发挥中短债基金久期中枢较短、调整灵活、攻守兼备的特点，兼顾收益与回撤。","declarationDate":"2022-01-23T16:00:00.000Z","lastUpdated":"2026-03-09T13:49:39.764Z","mo":"展望2022年，宏观政策发力、“稳”字当先，债券市场波动将有所加大。宏观政策积极可为，高质量发展不走老路，经济预计前低后高。全球货币政策逐步进入收紧周期，但国内政策仍将“以我为主”。全年债市收益率波动将加大，曲线形态和行情节奏决定于宽信用政策的力度和落地效果。年初地产政策相对温和，信贷政策继续拉动，货币政策维持宽松，社融增速作为前置指标2021年年底企稳，22年1月社融超预期大增，信贷脉冲前瞻指标显示经济接近短周期低点，预计宽货币+宽信用政策组合之下，22年经济全年或将呈现企稳复苏的趋势。海外方面，美联储面临超上世纪70年代石油危机时期的通胀水平，不断释放鹰派加息预期，中美利差显著缩窄。但疫情至今，国内宏观杠杆率升幅显著低于其他发达经济体，内外货币政策周期错位是内外疫情中经济复苏错位的结果，人民币汇率维持强势，也印证了相对于其他经济体，国内仍有保持“以我为主”的政策底气。","fund":{"_id":3000000013281,"__csrcFundId":9867,"stockCode":"013281","shortName":"国泰海通30天滚动持有中短债(013281)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":13281,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-04-30T23:42:19.307Z","status":"normal","exchange":"jj","name":"国泰海通30天滚动持有中短债债券型证券投资基金","fundCollectionId":4000052120000,"inceptionDate":"2021-08-31T16:00:00.000Z","followedNum":1,"masterFundShortName":"国泰海通30天滚动持有中短债","setUpDate":"2021-08-31T16:00:00.000Z","setUpAssetScale":245238129.37,"setUpShares":245238129.37,"pinyin":"gtht30tgdcyzdzzqxzqtzjj","managers":[{"stockCode":"db20556274","stockType":"fund_manager","exchange":"fm","tickerId":40818212810,"name":"杜浩然"}]},"announcement":{"linkText":"国泰君安30天滚动持有中短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=713188","linkType":"PDF","source":"csrc_pdf"}}]}