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保持了中性的久期和杠杆水平，随着收益率的下行，本基金适度压降了久期和杠杆水平，并适度通过参与利率债交易获取收益。","declarationDate":"2024-07-17T16:00:00.000Z","lastUpdated":"2026-03-09T13:50:24.853Z","mo":"经济整体仍复苏偏弱，结构转型背景下，叠加地方政府化债，导致以地产、基建投资为代表的传统动能持续偏弱，但以新质生产力为代表的的行业投资则表现较好。而从消费方面来看，受到资产价格下跌的财富效应及收入预期偏弱影响，居民消费能力相对偏弱，消费增速保持相对平稳，但绝对水平仍偏低。展望下半年，外部环境仍复杂多变，内需仍有待增强，经济整体预计仍将逐步修复，但内生修复力度预计偏弱。变化或来自于政策，如果政策持续进一步发力支持经济，则需对于经济的表现进行上修。从债券市场来看，当前债券绝对收益率和利差水平处于相对低位，但居民资产的持续流入和融资需求偏弱之间的矛盾仍在，预计债市偏震荡运行概率较大。如果观察到逆周期政策进一步发力，则需要基于政策评估关注潜在调整风险。","fund":{"_id":3000000013538,"__csrcFundId":10910,"stockCode":"013538","shortName":"鹏华永宁3个月定开债券(013538)","masterFundShortName":"鹏华永宁3个月定开债券","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":13538,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-04-30T23:49:40.582Z","status":"normal","exchange":"jj","name":"鹏华永宁3个月定期开放债券型证券投资基金","fundCollectionId":4000050060000,"inceptionDate":"2022-04-07T16:00:00.000Z","followedNum":0,"setUpDate":"2022-04-07T16:00:00.000Z","setUpAssetScale":7410404216.88,"setUpShares":7410404216.88,"pinyin":"phyn3gydqkfzqxzqtzjj","managers":[{"stockCode":"db20783447","stockType":"fund_manager","exchange":"fm","tickerId":2503215030,"name":"应琛"}]},"announcement":{"linkText":"鹏华永宁3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=1143516","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed0207fea5b3eb0508068","date":"2024-03-30T16:00:00.000Z","stockId":3000000013538,"sao":"报告期内，资金价格平稳，但波动率显著下降，地产销售较弱，经济基本面总体低位企稳，债市在配置盘的支持下，收益率大幅下行，阶段性风险偏好下降加速了债券收益率的下行。  另一方面，地方债、政金债的供给不及预期，同时化债背景下，信用债的供给也相对偏弱，债市供需矛盾凸显，资产荒的背景下，债市表现较强。  报告期内，本基金综合基本面、资金面和政策面，伴随着收益率的持续下行，本基金久期、杠杆水平有一定调降，在收益率偏低的背景下，本基金也阶段性参与利率债交易，获取交易收益。","declarationDate":"2024-04-18T16:00:00.000Z","lastUpdated":"2026-03-09T13:50:24.843Z","fund":{"_id":3000000013538,"__csrcFundId":10910,"stockCode":"013538","shortName":"鹏华永宁3个月定开债券(013538)","masterFundShortName":"鹏华永宁3个月定开债券","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":13538,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-04-30T23:49:40.582Z","status":"normal","exchange":"jj","name":"鹏华永宁3个月定期开放债券型证券投资基金","fundCollectionId":4000050060000,"inceptionDate":"2022-04-07T16:00:00.000Z","followedNum":0,"setUpDate":"2022-04-07T16:00:00.000Z","setUpAssetScale":7410404216.88,"setUpShares":7410404216.88,"pinyin":"phyn3gydqkfzqxzqtzjj","managers":[{"stockCode":"db20783447","stockType":"fund_manager","exchange":"fm","tickerId":2503215030,"name":"应琛"}]},"announcement":{"linkText":"鹏华永宁3个月定期开放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=1069021","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed0207fea5b3eb0508067","date":"2023-12-30T16:00:00.000Z","stockId":3000000013538,"sao":"报告期内，债券收益率震荡下行，本基金基于对经济基本面、资金面、政策面的分析，灵活调整配置结构。一季度，经济逐步恢复，债券收益率特别是信用债收益率在理财负反馈后处于高位，信用利差处于较高水平，信用债价值凸显，本基金大力度加仓信用债，提高了信用债久期和杠杆水平；二季度，经济目标低于市场预期，经济数据有所走弱，债券收益率开启下行，本基金基于基本面和资金面的判断参与利率债交易；三季度，经济总体低位有所回弹，7月政治局会议表态积极，地产政策逐步放松，债券收益率先下后上，本基金在7-8月随着收益率的下行适度减仓，并在9月保持中性偏低久期水平运行；四季度，特殊再融资债及增发国债落地，供给压力增加，叠加汇率贬值、防资金空转等影响，资金面有所收紧，债市有一定调整，本基金在收益率调整后参与了信用债配置，适度增加久期和杠杆水平。","declarationDate":"2024-01-18T16:00:00.000Z","lastUpdated":"2026-03-09T13:50:24.840Z","mo":"展望2024年，宏观经济预计继续修复，但经济调结构的过程中，经济运行预计以稳为主。需要关注的是，地产市场自发性修复仍偏弱，同时居民收入预期尚待修复，地产销售的企稳反弹仍需要一定时间。但随着三大工程的逐步落地，预计能够对基建、地产的投资有所助力，增强经济动能。  展望债券市场，全年预计偏震荡。上半年货币政策仍有发力空间，宽松交易预计持续，债市预计震荡偏强。下半年随着三大工程持续落地，财政政策的可能发力，以及风险偏好的提升，债市或有一定的波动。","fund":{"_id":3000000013538,"__csrcFundId":10910,"stockCode":"013538","shortName":"鹏华永宁3个月定开债券(013538)","masterFundShortName":"鹏华永宁3个月定开债券","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":13538,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-04-30T23:49:40.582Z","status":"normal","exchange":"jj","name":"鹏华永宁3个月定期开放债券型证券投资基金","fundCollectionId":4000050060000,"inceptionDate":"2022-04-07T16:00:00.000Z","followedNum":0,"setUpDate":"2022-04-07T16:00:00.000Z","setUpAssetScale":7410404216.88,"setUpShares":7410404216.88,"pinyin":"phyn3gydqkfzqxzqtzjj","managers":[{"stockCode":"db20783447","stockType":"fund_manager","exchange":"fm","tickerId":2503215030,"name":"应琛"}]},"announcement":{"linkText":"鹏华永宁3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=1051355","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed0207fea5b3eb0508066","date":"2023-09-29T16:00:00.000Z","stockId":3000000013538,"sao":"报告期内，本基金主要以中高评级、中短久期、中高杠杆策略运作，获取票息和杠杆收益。","declarationDate":"2023-10-23T16:00:00.000Z","lastUpdated":"2026-03-09T13:50:24.826Z","fund":{"_id":3000000013538,"__csrcFundId":10910,"stockCode":"013538","shortName":"鹏华永宁3个月定开债券(013538)","masterFundShortName":"鹏华永宁3个月定开债券","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":13538,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-04-30T23:49:40.582Z","status":"normal","exchange":"jj","name":"鹏华永宁3个月定期开放债券型证券投资基金","fundCollectionId":40000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