window.pageData = {"stock":{"_id":3000000013457,"stockCode":"013457","shortName":"华夏鼎业三个月定开债券A","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":13457,"currency":"CNY","masterFundFlag":1,"status":"normal","exchange":"jj","name":"华夏鼎业三个月定期开放债券型证券投资基金","fundCollectionId":4000050030000,"inceptionDate":"2021-11-11T16:00:00.000Z","masterFundShortName":"华夏鼎业三个月定开债券","followedNum":0,"setUpDate":"2021-11-11T16:00:00.000Z","setUpAssetScale":2630248331.92,"setUpShares":2630248331.92,"pinyin":"hxdysgydqkfzqxzqtzjj","fundCollection":{"exchange":"jjgs","stockType":"fund_collection","stockCode":"50030000","tickerId":50030000,"name":"华夏基金管理有限公司"},"managers":[{"name":"孙蕾","stockType":"fund_manager","stockCode":"db20815230","exchange":"fm","tickerId":1912219230}],"hotMetrics":{"fss":{"stockId":3000000013457,"type":"fss","f_s_s_d":"2024-06-29T16:00:00.000Z","f_ins_h_s_r":1,"f_ins_h_s_r_c_hy":0,"f_ins_h_s_r_c_1y":0,"f_ind_h_s_r":0,"f_ind_h_s_r_c_hy":0,"f_ind_h_s_r_c_1y":0,"f_h_a":252,"f_h_s_a":11702983,"last_data_date":"2025-12-30T16:00:00.000Z"},"fpr":{"stockId":3000000013457,"type":"fpr","f_p_r_fys_ssc":7464,"f_p_r_fys_ssrp":0.5921211309125016,"f_p_r_m1_ssc":7585,"f_p_r_m1_ssrp":0.6660073839662447,"f_p_r_m3_ssc":7496,"f_p_r_m3_ssrp":0.5216811207471648,"f_p_r_m6_ssc":7302,"f_p_r_m6_ssrp":0.5832077797561978,"f_p_r_y1_ssc":6833,"f_p_r_y1_ssrp":0.6132903981264637,"f_p_r_y2_ssc":5885,"f_p_r_y2_ssrp":0.7122705642420122,"f_p_r_y3_ssc":4903,"f_p_r_y3_ssrp":0.7192982456140351,"f_cagr_p_r_fs_ssc":7291,"f_cagr_p_r_fs_ssrp":0.6356652949245541},"fp":{"stockId":3000000013457,"type":"fp","f_p_r_fys":0.009289781240635397,"f_p_r_m1":0.0020827134781316037,"f_p_r_m3":0.006575014943215773,"f_p_r_m6":0.010093959304128486,"f_p_r_y1":0.016492040532831487,"f_cagr_p_r_fs":0.026207730522440187,"f_p_r_d1":-0.00009864851533980534,"f_p_r_y2":0.04389664315470143,"f_p_r_y3":0.07759899259680725,"last_data_date":"2026-05-05T16:00:00.000Z"},"ff":{"stockId":3000000013457,"type":"ff","f_m_f":3922992,"f_m_f_r":0.003,"f_c_f":1307664,"f_c_f_r":0.001,"f_m_a_c_f":5230656,"f_m_a_c_f_r":0.004,"f_m_c_f_d":"2024-06-29T16:00:00.000Z","f_c_fr":0.001,"f_fr_d":"2025-12-30T16:00:00.000Z","f_m_fr":0.003,"f_mac_fr":0.004},"f_nlacan":{"stockId":3000000013457,"type":"f_nlacan","f_nv_d":"2026-05-05T16:00:00.000Z","f_nv":1.0104,"f_nv_cr":0},"f_as":{"stockId":3000000013457,"type":"f_as","f_tas":2463703081.4462,"f_tas_d":"2026-03-30T16:00:00.000Z"}},"masterSlaveFunds":[{"_id":3000000013458,"name":"华夏鼎业三个月定期开放债券型证券投资基金","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","exchange":"jj","stockCode":"013458","tickerId":13458,"shortName":"华夏鼎业三个月定开债券C","currency":"CNY","__csrcFundId":10266,"lastUpdated":"2025-01-04T00:32:12.954Z","inceptionDate":"2021-11-11T16:00:00.000Z","fundCollectionId":4000050030000,"followedNum":0,"status":"normal","setUpDate":"2021-11-11T16:00:00.000Z","setUpAssetScale":260275.68,"setUpShares":260275.68,"masterFundFlag":null,"activeFundFlag":null,"classificationFlag":null,"closedEnd":null,"etfFundFlag":null,"feederFundFlag":null,"indexFundFlag":null,"lofFundFlag":null,"pensionTargetFlag":null,"pinyin":"hxdysgydqkfzqxzqtzjj"}],"bondHoldings":[{"_id":"69e8fa951398d79843002529","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000013457,"stockCode":"163112","stockName":"20金隅02","holdings":900000,"marketCap":90654322,"netValueRatio":0.0368,"lastUpdated":"2026-04-22T16:43:01.466Z"},{"_id":"69e8fa951398d7984300252a","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000013457,"stockCode":"163123","stockName":"20青城G1","holdings":700000,"marketCap":70682643,"netValueRatio":0.0287,"lastUpdated":"2026-04-22T16:43:01.470Z"},{"_id":"69e8fa951398d7984300252b","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000013457,"stockCode":"102381905","stockName":"23首钢MTN004","holdings":600000,"marketCap":61494302,"netValueRatio":0.025,"lastUpdated":"2026-04-22T16:43:01.474Z"},{"_id":"69e8fa951398d7984300252c","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000013457,"stockCode":"102501454","stockName":"25鄂联投MTN005B","holdings":600000,"marketCap":61282543,"netValueRatio":0.0249,"lastUpdated":"2026-04-22T16:43:01.477Z"},{"_id":"69e8fa951398d7984300252d","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000013457,"stockCode":"102480305","stockName":"24晋能煤业MTN003","holdings":600000,"marketCap":60918180,"netValueRatio":0.0247,"lastUpdated":"2026-04-22T16:43:01.481Z"}]},"list":[{"_id":"69e8eb9a1398d79843fe9482","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","stockId":3000000013457,"sao":"2026年1季度，资金持续宽松，债券市场整体上涨，分品种看，收益率曲线走陡，信用表现优于利率。信用债方面，3YAAA、5YAAA收益率相比年初有10bp左右的下行，利率债方面，10Y国债变动不大，30Y国债则有上行。年初以来债券主要有三段下跌，分别是开年的1月初，春节后和美以伊冲突后。这三段调整里，每次都是长端跌幅更大，而中短端调整幅度有限，更加坚挺。原因主要有三点：第一，1-2月基本面数据不错但资金持续宽松，中短端受益，对长端偏利空；第二，经历了2025年的小熊市（债券收益率年末高于年初，全年看纯债类基金资本利得不高），机构对加久期普遍谨慎，在基本面需要观察但资金确定宽松的现实下，转向短端套息是更为安全的策略；第三，从负债端角度看，分红险、银行存款、固收+资金等，对中短端的配置需求更大。报告期内，本基金保持灵活久期，以杠杆套息策略为主，精细择券，严控信用风险。","lastUpdated":"2026-04-22T15:39:06.317Z","fund":{"_id":3000000013457,"__csrcFundId":10266,"stockCode":"013457","shortName":"华夏鼎业三个月定开债券(013457)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":13457,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-04-30T23:47:16.165Z","status":"normal","exchange":"jj","name":"华夏鼎业三个月定期开放债券型证券投资基金","fundCollectionId":4000050030000,"inceptionDate":"2021-11-11T16:00:00.000Z","masterFundShortName":"华夏鼎业三个月定开债券","followedNum":0,"setUpDate":"2021-11-11T16:00:00.000Z","setUpAssetScale":2630248331.92,"setUpShares":2630248331.92,"pinyin":"hxdysgydqkfzqxzqtzjj","managers":[{"stockCode":"db20815230","stockType":"fund_manager","exchange":"fm","tickerId":1912219230,"name":"孙蕾"}]},"announcement":{"linkText":"华夏鼎业三个月定期开放债券型证券投资基金2026年第一季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1480288","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69cd14725c96f51c69ab89fb","date":"2025-12-30T16:00:00.000Z","declarationDate":"2026-03-30T16:00:00.000Z","stockId":3000000013457,"sao":"2025年债券市场收益率整体上行，10Y国债年末点位相比年初上行约20bp，30Y国债年末点位相比年初上行约40bp，且年内波动较大，全年呈现典型的N型走势。年初市场抢跑“适度宽松的货币政策”，对降息幅度定价较多，全曲线收益率均处于低位，期限利差也处于低位。但1季度伴随资金中枢持续抬升，市场进行了重新定价，10Y国债一度调整至1.90%，3YAAA信用债调整至2.18%。2季度整体环境对债市偏友好，中美贸易战扰动叠加降准降息落地，债券收益率下行，10Y国债再次探至1.6%附近，信用利差也随之压缩。3季度至4季度，债券行情再度走弱，一方面没有降准降息，制约了收益率的下行空间；另一方面，相较权益等品种，债券赚钱效应一般，反内卷政策、公募基金销售费用新规等也影响到了机构的行为，配置盘易有观望情绪，交易盘也整体谨慎。回顾2025年全年，长债、超长债表现弱于中短债，杠杆套息策略相比久期策略更为占优。报告期内，本基金保持灵活久期，以杠杆套息策略为主，精细择券，严控信用风险。","lastUpdated":"2026-04-01T12:49:54.963Z","mo":"2026年，债券市场仍将延续低利率+低赔率+高波动的状态，虽然收益率相比2025年年初有上行，但收益率的绝对水平仍处于低位。基本面和机构行为仍会是市场主线，相比2025年，资金中枢价格较低流动性充裕，市场对降准降息的定价更为谨慎，收益率出现大幅上行的概率不高。但与此同时，货币政策空间存在不确定性，市场对基本面的判断存在分歧，未来通胀会否升温、资金价格能否低位仍需密切关注、持续跟踪。珍惜基金份额持有人的每一分投资和每一份信任，本基金将继续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":3000000013457,"__csrcFundId":10266,"stockCode":"013457","shortName":"华夏鼎业三个月定开债券(013457)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":13457,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-04-30T23:47:16.165Z","status":"normal","exchange":"jj","name":"华夏鼎业三个月定期开放债券型证券投资基金","fundCollectionId":4000050030000,"inceptionDate":"2021-11-11T16:00:00.000Z","masterFundShortName":"华夏鼎业三个月定开债券","followedNum":0,"setUpDate":"2021-11-11T16:00:00.000Z","setUpAssetScale":2630248331.92,"setUpShares":2630248331.92,"pinyin":"hxdysgydqkfzqxzqtzjj","managers":[{"stockCode":"db20815230","stockType":"fund_manager","exchange":"fm","tickerId":1912219230,"name":"孙蕾"}]},"announcement":{"linkText":"华夏鼎业三个月定期开放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=1453952","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed0127fea5b3eb05072b5","date":"2025-09-29T16:00:00.000Z","declarationDate":"2025-10-27T16:00:00.000Z","stockId":3000000013457,"sao":"2025年三季度，债券市场整体弱势。从基本面角度看，宏观经济高频指标较二季度有所回落，但在债券估值偏贵、反内卷交易、股市上行和公募基金销售费用新规的多重影响下，债券收益率中枢不断抬升，曲线熊陡，代表风险偏好的30Y-10Y利差不断扩大。以10Y国债活跃券为例，收益率从1.65%最高上行至1.83%左右（盘中价格），以10Y国债中债曲线为例，已触及1.9%的年内前高。调整过程中，政金债、二永跌幅更大，二永和普通信用债的利差走阔。\t报告期内，本基金对债券资产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。","lastUpdated":"2026-03-09T13:50:10.985Z","fund":{"_id":3000000013457,"__csrcFundId":10266,"stockCode":"013457","shortName":"华夏鼎业三个月定开债券(013457)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":13457,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-04-30T23:47:16.165Z","status":"normal","exchange":"jj","name":"华夏鼎业三个月定期开放债券型证券投资基金","fundCollectionId":4000050030000,"inceptionDate":"2021-11-11T16:00:00.000Z","masterFundShortName":"华夏鼎业三个月定开债券","followedNum":0,"setUpDate":"2021-11-11T16:00:00.000Z","setUpAssetScale":2630248331.92,"setUpShares":2630248331.92,"pinyin":"hxdysgydqkfzqxzqtzjj","managers":[{"stockCode":"db20815230","stockType":"fund_manager","exchange":"fm","tickerId":1912219230,"name":"孙蕾"}]},"announcement":{"linkText":"华夏鼎业三个月定期开放债券型证券投资基金2025年第三季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1379624","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed0127fea5b3eb05072b4","date":"2025-06-29T16:00:00.000Z","stockId":3000000013457,"sao":"2025年上半年债券市场波动较大，曲线平坦化，期限利差收窄，信用利差大幅压缩至历史偏低水平。分月看，1季度央行持续抬升资金价格，利率上行，4月市场贸易战突发升级，市场定价经济增速下行叠加央行明显放松流动性，债券市场迎来一波较为顺畅的下行，10Y国债收益率再次挑战年初前低。5-6月，交易主线围绕基本面和关税两大变量，情绪有所纠结反复，但在货币宽松的大环境下整体处于震荡状态，没有出现大的趋势性机会。因此，整个曲线上演了压利差行情，利率新老券、信用债利差均经历了一波大幅压缩。报告期内，本基金对债券资产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":"2025-07-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:50:10.982Z","mo":"展望下半年，核心还是看基本面的修复情况，因为基本面的复苏斜率直接决定了央行的流动性政策。结合央行近期的发言表态，如果没有突发事件的话，下半年至少3季度降准降息的概率不大，债券上涨空间或受压制。珍惜基金份额持有人的每一分投资和每一份信任，本基金将继续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":3000000013457,"__csrcFundId":10266,"stockCode":"013457","shortName":"华夏鼎业三个月定开债券(013457)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":13457,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-04-30T23:47:16.165Z","status":"normal","exchange":"jj","name":"华夏鼎业三个月定期开放债券型证券投资基金","fundCollectionId":4000050030000,"inceptionDate":"2021-11-11T16:00:00.000Z","masterFundShortName":"华夏鼎业三个月定开债券","followedNum":0,"setUpDate":"2021-11-11T16:00:00.000Z","setUpAssetScale":2630248331.92,"setUpShares":2630248331.92,"pinyin":"hxdysgydqkfzqxzqtzjj","managers":[{"stockCode":"db20815230","stockType":"fund_manager","exchange":"fm","tickerId":1912219230,"name":"孙蕾"}]},"announcement":{"linkText":"华夏鼎业三个月定期开放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=1347319","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed0127fea5b3eb05072b3","date":"2025-03-30T16:00:00.000Z","stockId":3000000013457,"sao":"1季度，基本面整体平稳未出现明显变化，市场主要围绕货币政策和资金面进行博弈。年初以来流动性环境并不宽松，资金中枢高于OMO 30bp左右，银行存单价格持续上行，曲线收益率与资金成本的倒挂无法持续，市场开始对去年12月以来抢跑的降息预期重新定价，1月-3月上旬，债券收益率整体上行，短债先跌带动长债补跌，短端以1YAAA为例，收益率从年初的1.64%上行至2.10%，长端以10Y国债为例，收益率从1.60%升至1.90%。3月下旬央行增量续作MLF，资金价格未见进一步抬升，市场情绪有所缓和，收益率有所下行，月底10Y国债在1.80%附近震荡。1季度组合保持了灵活的久期策略，组合底仓精细择券，严控信用风险，择机进行波段操作增厚收益。","declarationDate":"2025-04-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:50:10.974Z","fund":{"_id":3000000013457,"__csrcFundId":10266,"stockCode":"013457","shortName":"华夏鼎业三个月定开债券(013457)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":13457,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-04-30T23:47:16.165Z","status":"normal","exchange":"jj","name":"华夏鼎业三个月定期开放债券型证券投资基金","fundCollectionId":4000050030000,"inceptionDate":"2021-11-11T16:00:00.000Z","masterFundShortName":"华夏鼎业三个月定开债券","followedNum":0,"setUpDate":"2021-11-11T16:00:00.000Z","setUpAssetScale":2630248331.92,"setUpShares":2630248331.92,"pinyin":"hxdysgydqkfzqxzqtzjj","managers":[{"stockCode":"db20815230","stockType":"fund_manager","exchange":"fm","tickerId":1912219230,"name":"孙蕾"}]},"announcement":{"linkText":"华夏鼎业三个月定期开放债券型证券投资基金2025年第一季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1271445","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed0127fea5b3eb05072b2","date":"2024-12-30T16:00:00.000Z","stockId":3000000013457,"sao":"2024年，在中国经济新旧动能转换的大环境下，宏观层面表现为量增价跌、融资需求不足、物价偏弱、货币政策偏松等。 2024年上半年，国内宏观经济分化，体现在总需求与总供给背离、宏观与微观背离。需求方面，社融增速明显下滑，投资链条景气度较去年进一步走弱；消费增速在1-2月短暂回升后，3月以来逐渐下滑；出口得益于全球贸易周期而有所改善。二季度以来，在需求无明显改善的情况下，高产量难以为继，总供给逐渐向总需求收敛，经济增速明显回落。三季度，投资链条继续走弱，新开工项目投资增速继续下滑；居民部门信贷增长乏力，内需不足的矛盾进一步突出。四季度，在国内政策的不断刺激下，PMI有所回升，社融增速由回落转为企稳，信贷增速持续续走低，经济较三季度稍有起色。2024年以来在平稳宽松的流动性环境下，宏微观的共振走弱、信用收缩与广谱利率的下行牵引，债券整体呈现牛市行情，利率几乎单边下行，10年国债收益率来到“1”时代。一季度，基本面弱修复+宽货币预期强，5年期LPR非对称下调25bp触发降息预期再次升温，欠配压力下利率明显下行。二季度，4月供给缺位下，禁止手工补息事件导致存款大量出表，债券配置需求大幅增加，利率快速走低。5-7月央行反复警示长端利率风险，弱基本面叠加监管扰动下，利率陷入窄幅震荡。8月央行开始实质性卖债带动长债调整，但在欠配压力下长债收益率重回下行。9-10月，政策全面转向，政治局会议表态积极，股债跷跷板下，非银负债端不稳，债市快速调整。随着后续政策预期趋于平稳，利率转为下行。11-12月，政策力度重估，12月9日政治局会议将货币政策基调转为“适度宽松”，市场开始超前博弈降息，机构抢跑下十年国债逐渐临近2.0%。月底非银同业存款自律落地，全面推动利率向下突破。报告期内，本基金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":"2025-01-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:50:10.963Z","mo":"展望2025年，债券市场方面，可能会出台一定稳增长政策，利率较当前水平将有向上调整的可能性，但经济压力仍存，债券市场仍有较多的配置资金，货币政策预计保持宽松的格局。在此环境下，债市波动将明显放大，中期债券不看空，债市有一定交易性机会。珍惜基金份额持有人的每一分投资和每一份信任，本基金将继续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":3000000013457,"__csrcFundId":10266,"stockCode":"013457","shortName":"华夏鼎业三个月定开债券(013457)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":13457,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-04-30T23:47:16.165Z","status":"normal","exchange":"jj","name":"华夏鼎业三个月定期开放债券型证券投资基金","fundCollectionId":4000050030000,"inceptionDate":"2021-11-11T16:00:00.000Z","masterFundShortName":"华夏鼎业三个月定开债券","followedNum":0,"setUpDate":"2021-11-11T16:00:00.000Z","setUpAssetScale":2630248331.92,"setUpShares":2630248331.92,"pinyin":"hxdysgydqkfzqxzqtzjj","managers":[{"stockCode":"db20815230","stockType":"fund_manager","exchange":"fm","tickerId":1912219230,"name":"孙蕾"}]},"announcement":{"linkText":"华夏鼎业三个月定期开放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=1251418","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed0127fea5b3eb05072b1","date":"2024-09-29T16:00:00.000Z","stockId":3000000013457,"sao":"2024年3季度，国际方面，海外周期下行进一步确定，美联储降息，美债收益率大幅回落，美股保持高位，人民币升值。国内经济方面，投资链条继续走弱，新开工项目投资增速继续下滑；居民部门信贷增长乏力，内需不足的矛盾进一步突出。国内债市方面，3季度债券收益率曲线本来呈下行趋势，至9月末，政府出台了一系列刺激资本市场的政策，政策力度超出市场预期，政治局会议也再次释放积极信号，风险偏好反转，收益率大幅回调。报告期内，本基金对债券资产配置了合理的仓位和久期，并根据市场情况进行一定的波段操作。","declarationDate":"2024-10-24T16:00:00.000Z","lastUpdated":"2026-03-09T13:50:10.948Z","fund":{"_id":3000000013457,"__csrcFundId":10266,"stockCode":"013457","shortName":"华夏鼎业三个月定开债券(013457)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":13457,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-04-30T23:47:16.165Z","status":"normal","exchange":"jj","name":"华夏鼎业三个月定期开放债券型证券投资基金","fundCollectionId":4000050030000,"inceptionDate":"2021-11-11T16:00:00.000Z","masterFundShortName":"华夏鼎业三个月定开债券","followedNum":0,"setUpDate":"2021-11-11T16:00:00.000Z","setUpAssetScale":2630248331.92,"setUpShares":2630248331.92,"pinyin":"hxdysgydqkfzqxzqtzjj","managers":[{"stockCode":"db20815230","stockType":"fund_manager","exchange":"fm","tickerId":1912219230,"name":"孙蕾"}]},"announcement":{"linkText":"华夏鼎业三个月定期开放债券型证券投资基金2024年第三季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1175679","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed0127fea5b3eb05072b0","date":"2024-06-29T16:00:00.000Z","stockId":3000000013457,"sao":"2024年上半年，国际方面，美债收益率上行，之后美国通胀数据降温，美债收益率回落；美元指数走强，美股继续上涨。国内经济方面，经济数据总体平稳，地产政策有所放松，政策效果有待观察，经济结构继续分化。国内债券市场方面，整体走出牛市行情，1季度，在配置力量和对经济潜在增速的下修预期下，债券收益率顺畅下行，3月后小幅震荡，市场对偏长久期品种更为追捧，利率债收益率曲线上下行幅度最大的是30年国债收益率；银行间流动性相对2023年偏紧，收益率曲线中短端受益有限，收益率曲线明显平坦化。2季度，债券市场资产荒的主线逻辑未变，各品种、期限的收益率曲线整体继续下行。4月在央行发话长债收益率需匹配合意区间和超长特别国债即将发行的消息下，长端收益率小幅上行；5月特别国债发行落地，计划发行时间长于预期，供给冲击利空缓释，长端利率开始小幅下行。报告期内，本基金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":"2024-07-17T16:00:00.000Z","lastUpdated":"2026-03-09T13:50:10.944Z","mo":"展望2024年下半年，债券市场方面，可能会出台一定稳增长政策，利率较当前水平将有向上调整的可能性，但经济压力仍存，债券市场仍有较多的配置资金，货币政策预计保持宽松的格局。在此环境下，中期债券不看空，债市有一定交易性机会。珍惜基金份额持有人的每一分投资和每一份信任，本基金将继续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":3000000013457,"__csrcFundId":10266,"stockCode":"013457","shortName":"华夏鼎业三个月定开债券(013457)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":13457,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-04-30T23:47:16.165Z","status":"normal","exchange":"jj","name":"华夏鼎业三个月定期开放债券型证券投资基金","fundCollectionId":4000050030000,"inceptionDate":"2021-11-11T16:00:00.000Z","masterFundShortName":"华夏鼎业三个月定开债券","followedNum":0,"setUpDate":"2021-11-11T16:00:00.000Z","setUpAssetScale":2630248331.92,"setUpShares":2630248331.92,"pinyin":"hxdysgydqkfzqxzqtzjj","managers":[{"stockCode":"db20815230","stockType":"fund_manager","exchange":"fm","tickerId":1912219230,"name":"孙蕾"}]},"announcement":{"linkText":"华夏鼎业三个月定期开放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=1144828","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed0127fea5b3eb05072af","date":"2024-03-30T16:00:00.000Z","stockId":3000000013457,"sao":"2024年1季度，国际方面，美债收益率上行，美元指数走强，美股继续上涨。国内经济方面，一季度，国内经济走势整体环比平稳，月度高频测算的总量增速与去年四季度实际增速较为接近；但结构分化进一步加大，转型加速期中，传统动能延续下滑且速率并无明显收窄，新兴动能对总量贡献上升，但市场关注度仍待加强。金融市场一季度波动较大，主线逻辑延续了2023年，且随着传统经济动能的放缓，市场认知进一步强化。国内债券市场方面，在配置力量和对经济潜在增速的下修预期下，债券收益率顺畅下行，3月后小幅震荡，1季度债市整体走出牛市行情，市场对偏长久期品种更为追捧，利率债收益率曲线上下行幅度最大的是30年国债收益率；银行间流动性相对2023年偏紧，收益率曲线中短端受益有限，收益率曲线明显平坦化。报告期内，本基金对债券资产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":"2024-04-18T16:00:00.000Z","lastUpdated":"2026-03-09T13:50:10.942Z","fund":{"_id":3000000013457,"__csrcFundId":10266,"stockCode":"013457","shortName":"华夏鼎业三个月定开债券(013457)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":13457,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-04-30T23:47:16.165Z","status":"normal","exchange":"jj","name":"华夏鼎业三个月定期开放债券型证券投资基金","fundCollectionId":4000050030000,"inceptionDate":"2021-11-11T16:00:00.000Z","masterFundShortName":"华夏鼎业三个月定开债券","followedNum":0,"setUpDate":"2021-11-11T16:00:00.000Z","setUpAssetScale":2630248331.92,"setUpShares":2630248331.92,"pinyin":"hxdysgydqkfzqxzqtzjj","managers":[{"stockCode":"db20815230","stockType":"fund_manager","exchange":"fm","tickerId":1912219230,"name":"孙蕾"}]},"announcement":{"linkText":"华夏鼎业三个月定期开放债券型证券投资基金2024年第一季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1067417","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed0127fea5b3eb05072ae","date":"2023-12-30T16:00:00.000Z","stockId":3000000013457,"sao":"2023年整体国内外宏观经济表现与市场参与者此前预期形成了不小偏离，宏观因素成为了全年主要大类资产（尤其是人民币计价资产）的主导驱动因素。从国际层面来看，美国通胀和经济景气韧性一再超出市场预期，使得联储的加息幅度和加息周期强于市场参与者预期，美元强势，美股受到追捧；国内层面，疫后的经济走势没有如市场预期走出强势复苏表现，始于2021年的地产下行周期构成了经济整体宏观数据，尤其是市场参与者微观感受的主要拖累力量。但客观来看，2023年整体的经济读数并不能算弱，5.2%的GDP增速以及经济中非传统投资类的平稳表现依然表明中国经济的韧性和稳定性；名义增长中的价格因素以及投资部门尤其是地产部门的羸弱表现带来了弱势的微观感受，同时也对各资产价格产生了较为明显的影响。人民币汇率在强美元周期下偏弱，全年权益资产尤其是周期相关度高的上证50、沪深300等表现较弱，债券收益率下行且各类利差大幅压缩。报告期内，组合持仓相对积极，并于年内市场波动时点积极防守，努力获取债市上涨收益。","declarationDate":"2024-01-18T16:00:00.000Z","lastUpdated":"2026-03-09T13:50:10.937Z","mo":"2024年经济增长整体面临的挑战要更大一些，基数效应消退后，同样的经济读数面临的困难要明显高于2023年。不利的因素例如地产下行周期和偏弱的预期暂时趋势仍然有待扭转；但同时也应该看到，消费及三产的表现并没有因为预期的走弱而明显走弱，中国经济的海洋足够宽广深邃，整体的稳定性和韧性不宜低估，且党中央为今年的经济增长进行了一定的政策、项目以及资金的储备，2023年的特别国债资金、2024年可能的特别国债，PSL的灵活加码都为经济运行提供了一定安全垫。全年来看债市预计保持震荡偏强，但市场预期极度悲观时，可能也需要保持一定的清醒和谨慎。珍惜基金份额持有人的每一分投资和每一份信任，本基金将继续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":3000000013457,"__csrcFundId":10266,"stockCode":"013457","shortName":"华夏鼎业三个月定开债券(013457)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":13457,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-04-30T23:47:16.165Z","status":"normal","exchange":"jj","name":"华夏鼎业三个月定期开放债券型证券投资基金","fundCollectionId":4000050030000,"inceptionDate":"2021-11-11T16:00:00.000Z","masterFundShortName":"华夏鼎业三个月定开债券","followedNum":0,"setUpDate":"2021-11-11T16:00:00.000Z","setUpAssetScale":2630248331.92,"setUpShares":2630248331.92,"pinyin":"hxdysgydqkfzqxzqtzjj","managers":[{"stockCode":"db20815230","stockType":"fund_manager","exchange":"fm","tickerId":1912219230,"name":"孙蕾"}]},"announcement":{"linkText":"华夏鼎业三个月定期开放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=1049106","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed0127fea5b3eb05072ad","date":"2023-09-29T16:00:00.000Z","stockId":3000000013457,"sao":"7月的政治局会议政策表态整体积极，叠加PMI、部分城市地产销售等数据有小幅回暖迹象，3季度市场开始交易 “政策底”，抢跑“基本面底”,“N”型复苏认知被较多市场参与者接受。与此同时，自8月开始，地方债、国债的发行节奏也有所加快，配合地产政策陆续松动、信贷力度加码、一线城市陆续放开“认房不认贷”等，资金面也出现收敛，以DR007为衡量指标，9月月均值相比7月和8月有所提升。海外方面，三季度，海外通胀虽有下降但核心通胀依然较为坚挺，以美联储为代表的海外央行当下以控制通胀为主要目标，并在三季度继续加息，直接推升了海外债券利率的上行。在上述因素的共同影响下，虽然债券收益率在8月15日央行降息后迎来了短暂下行，但趋势上整体呈现上行态势，曲线形态走平。信用债方面，在理财季末回表和赎回因素的共同影响下，表现弱于利率，信用利差有所走阔。但从自上而下的大类资产配置角度来看，3季度主导股债汇商各类资产的主要共同驱动力在于美元的二次冲高，人民币汇率承压，资金流出压力加大，各类人民币计价资产系统性受到负贝塔拖累；在此基础上，不同资产本身的基本面对应不同的阿尔法叠加负贝塔后，形成了不同的表现。报告期内，组合降低了债券久期和杠杆水平，以期控制回撤表现。","declarationDate":"2023-10-23T16:00:00.000Z","lastUpdated":"2026-03-09T13:50:10.934Z","fund":{"_id":3000000013457,"__csrcFundId":10266,"stockCode":"013457","shortName":"华夏鼎业三个月定开债券(013457)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":13457,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-04-30T23:47:16.165Z","status":"normal","exchange":"jj","name":"华夏鼎业三个月定期开放债券型证券投资基金","fundCollectionId":4000050030000,"inceptionDate":"2021-11-11T16:00:00.000Z","masterFundShortName":"华夏鼎业三个月定开债券","followedNum":0,"setUpDate":"2021-11-11T16:00:00.000Z","setUpAssetScale":2630248331.92,"setUpShares":2630248331.92,"pinyin":"hxdysgydqkfzqxzqtzjj","managers":[{"stockCode":"db20815230","stockType":"fund_manager","exchange":"fm","tickerId":1912219230,"name":"孙蕾"}]},"announcement":{"linkText":"华夏鼎业三个月定期开放债券型证券投资基金2023年第三季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=986564","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed0127fea5b3eb05072ac","date":"2023-06-29T16:00:00.000Z","stockId":3000000013457,"sao":"2023年作为疫后复苏第一年，整体经济运行节奏和债券市场表现较为超预期。海外经济体货币收紧进程持续，幅度和持续时间高于年初估计，通胀韧性偏高但曙光已现；虽然建筑链条和工业受到持续加息影响表现一般，但服务业和就业状况韧性十足，发达经济体增长端受货币收紧的影响整体可控，风险事件频发但未大面积扩散；暂时来看，加息控通胀取得一定效果，且对经济和金融稳定的影响，低于市场预期。国内方面，在“宏观政策适度靠前发力”叠加疫后需求一次性释放的影响下，一季度经济表现可谓强势开局，两年复合增速高于今年的经济增长目标，取得了较好开局，也一度引发市场对复苏甚至通胀的一定预期；二季度随着部分需求回归潜在水平，宏观政策合理控制节奏，二季度需求端环比有较快下滑，部分投资者线性外推对年内经济产生衰退甚至通缩的担忧。为了保持宏观经济增长基本稳定，货币政策动作频频，保持流动性合理充裕的同时，进一步降低社融增量和存量融资成本。债券市场表现较好，年化收益率大幅高于去年，固收类资产取得相对不错的收益水平。报告期内，组合保持了相对偏积极的杠杆和久期水平，抓住了阶段的债券市场机会。","declarationDate":"2023-07-19T16:00:00.000Z","lastUpdated":"2026-03-09T13:50:10.920Z","mo":"展望下半年，宏观政策重心重回逆周期调节，财政预算后置下，三四季度的经济表现较二季度明显改善是大概率事件，经济增长预计回归潜在增速附近，保持平稳。债市显著的资本利得机会相较于上半年可能收窄，但票息和杠杆策略依然有效，组合操作上将维持一定的杠杆和中性偏高的久期，采取积极的票息策略为宜。珍惜基金份额持有人的每一分投资和每一份信任，本基金将继续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":3000000013457,"__csrcFundId":10266,"stockCode":"013457","shortName":"华夏鼎业三个月定开债券(013457)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":13457,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-04-30T23:47:16.165Z","status":"normal","exchange":"jj","name":"华夏鼎业三个月定期开放债券型证券投资基金","fundCollectionId":4000050030000,"inceptionDate":"2021-11-11T16:00:00.000Z","masterFundShortName":"华夏鼎业三个月定开债券","followedNum":0,"setUpDate":"2021-11-11T16:00:00.000Z","setUpAssetScale":2630248331.92,"setUpShares":2630248331.92,"pinyin":"hxdysgydqkfzqxzqtzjj","managers":[{"stockCode":"db20815230","stockType":"fund_manager","exchange":"fm","tickerId":1912219230,"name":"孙蕾"}]},"announcement":{"linkText":"华夏鼎业三个月定期开放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=957863","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed0127fea5b3eb05072ab","date":"2023-03-30T16:00:00.000Z","stockId":3000000013457,"sao":"一季度，海外发达经济体基本面表现相对平稳，衰退迹象尚未出现，欧美央行加息继续，金融市场脆弱性有所体现，银行业危机苗头初露。国内经济恢复势头较好，疫情政策调整后的过峰快于预期，基本面受到的冲击不大；社融信贷超出市场预期，工业生产复工进度较好，消费需求恢复一般。一季度信贷投放节奏靠前，基础货币消耗较快，银行间流动性有所收敛，同业利率抬升，逐步向政策利率靠拢。受此影响，利率债收益率曲线整体平坦化上行，中短端下跌，长端震荡；信用债在理财赎回压力缓解后表现偏强，收益率整体下行。报告期内，组合保持了中等偏低的杠杆水平，并利用中短端利率债进行了一定波段操作。","declarationDate":"2023-04-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:50:10.912Z","fund":{"_id":3000000013457,"__csrcFundId":10266,"stockCode":"013457","shortName":"华夏鼎业三个月定开债券(013457)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":13457,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-04-30T23:47:16.165Z","status":"normal","exchange":"jj","name":"华夏鼎业三个月定期开放债券型证券投资基金","fundCollectionId":4000050030000,"inceptionDate":"2021-11-11T16:00:00.000Z","masterFundShortName":"华夏鼎业三个月定开债券","followedNum":0,"setUpDate":"2021-11-11T16:00:00.000Z","setUpAssetScale":2630248331.92,"setUpShares":2630248331.92,"pinyin":"hxdysgydqkfzqxzqtzjj","managers":[{"stockCode":"db20815230","stockType":"fund_manager","exchange":"fm","tickerId":1912219230,"name":"孙蕾"}]},"announcement":{"linkText":"华夏鼎业三个月定期开放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=881424","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed0127fea5b3eb05072aa","date":"2022-12-30T16:00:00.000Z","stockId":3000000013457,"sao":"2022年，欧美发达经济体率先进入后疫情时代，大额的财政刺激带来消费需求的快速反弹，同时在供给端受制影响下，通胀大幅上行；货币政策持续趋鹰对抗通胀上行，利率上行，风险资产显著受挫。国内方面，受疫情、地产链等因素影响，国内经济表现整体受到压制，财政支出加快托底经济。但在房住不炒、地方政府严格限制新增隐债的框架约束下，内需向上的弹性较小，信贷脉冲主要跟随财政发力的节奏（专项债前置发行使用、调增政策性银行信贷额度等），居民部门信贷持续走弱，前三季度利率整体上震荡下行，受益于理财规模的扩张，信用利差持续压缩；四季度后，货币市场利率向政策利率靠拢，理财净值收缩引发赎回负反馈，债券市场急速反转，波动较大。报告期内，本基金对债券资产配置了合理的仓位和久期，根据市场情况进行一定的波段操作。","declarationDate":"2023-01-19T16:00:00.000Z","lastUpdated":"2026-03-09T13:50:10.900Z","mo":"展望2023年，在防疫措施大幅优化，政策对地产、平台经济等行业的态度也发生了积极转变后，经济回到中期的趋势可期，弱复苏局面应当是大概率事件。但从经济工作会议、地方两会等政策表态来看，追求高质量发展、构建新发展格局的政策精神不变，对财政可持续的要求并未放松，房住不炒的坚持没有变，是有节制的稳增长。扩大内需方面强调有收入支撑的消费需求、有合理回报的投资需求、有本金和债务约束的金融需求，宏观政策上出台强刺激的可能性较低。货币政策方面，通胀目前不构成掣肘，海外央行加息尚未结束，国内货币政策的发力点可能还是结构性的货币政策工具为主。组合将维持底仓久期中性，同时关注市场复苏交易和刺激预期波动后的长端利率债的交易机会。","fund":{"_id":3000000013457,"__csrcFundId":10266,"stockCode":"013457","shortName":"华夏鼎业三个月定开债券(013457)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":13457,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-04-30T23:47:16.165Z","status":"normal","exchange":"jj","name":"华夏鼎业三个月定期开放债券型证券投资基金","fundCollectionId":4000050030000,"inceptionDate":"2021-11-11T16:00:00.000Z","masterFundShortName":"华夏鼎业三个月定开债券","followedNum":0,"setUpDate":"2021-11-11T16:00:00.000Z","setUpAssetScale":2630248331.92,"setUpShares":2630248331.92,"pinyin":"hxdysgydqkfzqxzqtzjj","managers":[{"stockCode":"db20815230","stockType":"fund_manager","exchange":"fm","tickerId":1912219230,"name":"孙蕾"}]},"announcement":{"linkText":"华夏鼎业三个月定期开放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=867504","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed0127fea5b3eb05072a9","date":"2022-09-29T16:00:00.000Z","stockId":3000000013457,"sao":"三季度，国际局势不安因素有所增加，发达经济体通胀韧性超预期，欧美央行鹰派态度升温，远期联邦基金利率抬升，持续时长更长。美元指数进一步上行，美债利率走高，在此背景下，全球金融资产承压，负贝塔效应明显。各类资产最终表现，取决于负贝塔和其本身基本面的叠加。国内方面，疫情波折不短，地产短贷风波拖累销售表现迟迟难见改善，广义财政发力力度不减，但整体来看，内需仍然相对疲弱。在基本面相对利好支撑下，尽管汇率承压，资金流出担忧不减，但在国内政策呵护下，债券市场仍然有所上涨。信用债表现较好，易涨难跌，季度超额收益明显，利率品种曲线平坦化下行，1年内货币市场利率限制了中短端收益下行空间。报告期内，组合维持了偏中性的组合配置，中性久期、中性偏高杠杆水平，阶段性参与了疫情带来交易性机会。","declarationDate":"2022-10-24T16:00:00.000Z","lastUpdated":"2026-03-09T13:50:10.891Z","fund":{"_id":3000000013457,"__csrcFundId":10266,"stockCode":"013457","shortName":"华夏鼎业三个月定开债券(013457)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":13457,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-04-30T23:47:16.165Z","status":"normal","exchange":"jj","name":"华夏鼎业三个月定期开放债券型证券投资基金","fundCollectionId":4000050030000,"inceptionDate":"2021-11-11T16:00:00.000Z","masterFundShortName":"华夏鼎业三个月定开债券","followedNum":0,"setUpDate":"2021-11-11T16:00:00.000Z","setUpAssetScale":2630248331.92,"setUpShares":2630248331.92,"pinyin":"hxdysgydqkfzqxzqtzjj","managers":[{"stockCode":"db20815230","stockType":"fund_manager","exchange":"fm","tickerId":1912219230,"name":"孙蕾"}]},"announcement":{"linkText":"华夏鼎业三个月定期开放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=803254","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed0127fea5b3eb05072a8","date":"2022-06-29T16:00:00.000Z","stockId":3000000013457,"sao":"上半年，全球整体仍处于疫后恢复期，增长高点已过但下行较慢，俄乌冲突、供应链重塑为过去积累的货币放松带来的经济通胀隐患火上浇油；发达市场货币政策面临着降通胀和防衰退的走钢丝境地，金融市场交易围绕着“紧缩交易”和“衰退交易”两条主线，整体表现股债均弱，美元走强，商品强势。国内方面，宏观政策转向稳增长保内需，但疫情的再度冲击打乱宏观政策和经济本身的节奏，财政支出力度较强，但面临着缺口不低的隐患；地产政策因城施策放松不止，销售恢复较为缓慢，地产主体危机难言结束，再次拿地扩张动力疲弱，对经济整体拖累仍将持续。货币政策中性偏松，金融市场流动性较为充裕，短端货币市场利率下行明显，但受到2020年教训，债市对3年以上品种始终保持了相对谨慎态度，收益率曲线较年初陡峭化下行，3年以上基本维持；债市波动较小，杠杆票息占优。报告期内，组合维持了偏中性的组合配置，中性久期、中性偏高杠杆水平，阶段性参与了疫情带来交易性机会。","declarationDate":"2022-07-19T16:00:00.000Z","lastUpdated":"2026-03-09T13:50:10.884Z","mo":"展望下半年，外围通胀降温缓慢，货币收紧持续，经济增长端压力更甚，欧日美可能相继进入经济增速快速回落期，全球经济面临进一步压力。国内逐步走出奥密克戎影响，整体仍处于修复阶段，经济增速上行确定；但也需要看到出口、地产的持续压力，财政端受制于中期防风险政策定力，也面临一定的预算缺口，整体对经济的拉动作用恐怕有限；经济政策主要的着力点在于稳就业、稳物价。财政政策预计以落实前期政策效果为主，货币政策维持合理充裕略偏多，债市风险有限，震荡略偏多。预计组合仍会以偏积极心态应对下半年市场，保持一定的杠杆水平，中性偏高久期，并将密切关注长端利率债的交易性机会。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":3000000013457,"__csrcFundId":10266,"stockCode":"013457","shortName":"华夏鼎业三个月定开债券(013457)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":13457,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-04-30T23:47:16.165Z","status":"normal","exchange":"jj","name":"华夏鼎业三个月定期开放债券型证券投资基金","fundCollectionId":4000050030000,"inceptionDate":"2021-11-11T16:00:00.000Z","masterFundShortName":"华夏鼎业三个月定开债券","followedNum":0,"setUpDate":"2021-11-11T16:00:00.000Z","setUpAssetScale":2630248331.92,"setUpShares":2630248331.92,"pinyin":"hxdysgydqkfzqxzqtzjj","managers":[{"stockCode":"db20815230","stockType":"fund_manager","exchange":"fm","tickerId":1912219230,"name":"孙蕾"}]},"announcement":{"linkText":"279华夏鼎业三个月定期开放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=781861","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed0127fea5b3eb05072a7","date":"2022-03-30T16:00:00.000Z","stockId":3000000013457,"sao":"一季度，国外宏观驱动因素较为复杂，俄乌战争加大了国际关系复杂性，也为原本就高企的通胀预期火上浇油；欧美央行采取了更加鹰派的姿态强压通胀预期，联储年内加息预期飙升至8次以上，受此影响，股债汇商波动较大。国内方面，宏观政策的发力如期而至，货币宽松降准降息先行，财政政策带动基建投资反弹明显，但地产政策在房住不炒的底线下，因城施策带来的改观尚不明显、仍需观察。债券收益率先下后上，以春节为分水岭，节前宽货币兑现收益率陡峭化下行，节后宽信用发酵，收益率平坦化上行；整体来看，年初以来各债券指数表现不佳，收益率低于静态贡献，表现出了震荡偏熊的特征。报告期内，组合维持了偏中性的组合配置，中性久期、中性偏高杠杆水平，收益率上行的资本利损对票息产生一定侵蚀。","declarationDate":"2022-04-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:50:10.875Z","fund":{"_id":3000000013457,"__csrcFundId":10266,"stockCode":"013457","shortName":"华夏鼎业三个月定开债券(013457)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":13457,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-04-30T23:47:16.165Z","status":"normal","exchange":"jj","name":"华夏鼎业三个月定期开放债券型证券投资基金","fundCollectionId":4000050030000,"inceptionDate":"2021-11-11T16:00:00.000Z","masterFundShortName":"华夏鼎业三个月定开债券","followedNum":0,"setUpDate":"2021-11-11T16:00:00.000Z","setUpAssetScale":2630248331.92,"setUpShares":2630248331.92,"pinyin":"hxdysgydqkfzqxzqtzjj","managers":[{"stockCode":"db20815230","stockType":"fund_manager","exchange":"fm","tickerId":1912219230,"name":"孙蕾"}]},"announcement":{"linkText":"华夏鼎业三个月定期开放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=722448","linkType":"PDF","source":"csrc_pdf"}}]}