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债买入投放流动性，维护流动性合理充裕。债券中短端收益率受资金面稳定支撑收益率普遍有所下行，长端受到超长债供给压力、基金销售新规、商品价格走强等扰动下震荡偏弱，收益率曲线有所陡峭，信用债中短端表现好于长端，票息策略优于久期策略。　　四季度国内权益市场震荡走高，四季度各板块之间有所轮动，但是受益流动性宽松和风险偏好较高，成长方向的资产依然表现占优。从基本面看，经济面临短期压力，但是整体韧性较强，政策留有余地，经济基本面风险可控。从流动性层面看，海外美联储在政治和经济双重影响下再次开始降息，有利于权益资产估值持续提升。当前资本市场向好的预期较强，指数有望继续震荡上行。　　报告期内，本基金继续按照“固收+”策略布局投资。仓位上，关注大类资产的性价比，动态调整含权资产配置比例。板块上，在成长、消费、周期制造和价值等方向均有配置。个股上，自下而上聚焦选股，积极挖掘风险收益比合适的投资机会。债券部分期内适当降低商业银行二永债的比重，提高中短端普通中票的占比，适当控制债券部分久期水平。","lastUpdated":"2026-03-09T13:43:21.930Z","fund":{"_id":3000000011390,"__csrcFundId":9289,"stockCode":"011390","shortName":"华安添祥6个月混合(011390)","fundSecondLevel":"hybrid","stockType":"fund","areaCode":"cn","market":"a","tickerId":11390,"masterFundFlag":1,"lastUpdated":"2026-04-30T22:47:51.243Z","status":"normal","exchange":"jj","name":"华安添祥6个月持有期混合型证券投资基金","fundCollectionId":4000050040000,"currency":"CNY","inceptionDate":"2021-07-20T16:00:00.000Z","followedNum":1,"masterFundShortName":"华安添祥6个月混合","setUpDate":"2021-07-20T16:00:00.000Z","setUpAssetScale":1607048798.77,"setUpShares":1607048798.77,"pinyin":"hatx6gycyqhhxzqtzjj","managers":[{"stockCode":"db20355947","stockType":"fund_manager","exchange":"fm","tickerId":192524150190,"name":"石雨欣"},{"stockCode":"db20586279","stockType":"fund_manager","exchange":"fm","tickerId":240617184700,"name":"许富强"}]},"announcement":{"linkText":"华安添祥6个月持有期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=1459051","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aece797fea5b3eb04ebed6","date":"2025-09-29T16:00:00.000Z","declarationDate":"2025-10-27T16:00:00.000Z","stockId":3000000011390,"sao":"三季度，美国与全球主要经济体在贸易谈判中达成协议，全球贸易关税局势逐步缓和；尽管通胀仍处于高位，但受就业压力明显上升影响，美联储选择降息，全球流动性预期改善，市场风险偏好随之提高。国内经济延续温和修复态势，PMI指数震荡回升，其中生产端修复力度总体优于需求端。受部分行业整治无序竞争政策的影响，部分商品价格出现波动性上涨，带动PPI在低位有所回升，而CPI因受到食品价格疲软继续反弹乏力，整体通胀水平依然偏弱。财政政策加速推进，政府债发行节奏加快，货币政策协同发力，买断式逆回购、MLF净投放规模适度加大，流动性维持宽松格局，资金利率中枢保持稳定。债券市场方面，受到权益市场走强、商品价格上行、新发国债等增值税恢复征税及公募基金销售新规等冲击，收益率曲线普遍呈现陡峭化上行，信用债上行幅度普遍大于利率债，信用利差短端小幅压缩，长端普遍有所走扩，债券整体表现偏弱。　　三季度国内权益市场持续走高，受益流动性宽松和风险偏好提升，成长方向的资产表现占优。从基本面看，经济面临国内外压力，但是整体韧性较强，同时国内政策留有余地，经济基本面风险可控。从流动性层面看，国内流动性依然宽裕，海外美联储降息，有利于权益资产估值回升。当前政策对资本市场较为呵护，结构性行情持续存在。　　报告期内，本基金继续按照“固收+”策略布局投资。板块上，在成长、消费、周期制造和价值等方向均有配置。个股上，自下而上聚焦选股，积极挖掘风险收益比合适的投资机会。债券部分保持对商业银行金融债的配置为主，适当降低债券部分久期，提高组合流动性。","lastUpdated":"2026-03-09T13:43:21.928Z","fund":{"_id":3000000011390,"__csrcFundId":9289,"stockCode":"011390","shortName":"华安添祥6个月混合(011390)","fundSecondLevel":"hybrid","stockType":"fund","areaCode":"cn","market":"a","tickerId":11390,"masterFundFlag":1,"lastUpdated":"2026-04-30T22:47:51.243Z","status":"normal","exchange":"jj","name":"华安添祥6个月持有期混合型证券投资基金","fundCollectionId":4000050040000,"currency":"CNY","inceptionDate":"2021-07-20T16:00:00.000Z","followedNum":1,"masterFundShortName":"华安添祥6个月混合","setUpDate":"2021-07-20T16:00:00.000Z","setUpAssetScale":1607048798.77,"setUpShares":1607048798.77,"pinyin":"hatx6gycyqhhxzqtzjj","managers":[{"stockCode":"db20355947","stockType":"fund_manager","exchange":"fm","tickerId":192524150190,"name":"石雨欣"},{"stockCode":"db20586279","stockType":"fund_manager","exchange":"fm","tickerId":240617184700,"name":"许富强"}]},"announcement":{"linkText":"华安添祥6个月持有期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=1375536","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aece797fea5b3eb04ebed5","date":"2025-06-29T16:00:00.000Z","stockId":3000000011390,"sao":"上半年由于全球贸易关税升级的影响，出口对经济的贡献有所下降，但国内经济依然保持了较强的韧性，特别是消费的贡献率明显提高，GDP同比实现了5.3%的增长。财政政策持续发力，政府债发行明显前置，一方面不断优化地方政府的债务结构，另一方面不断加大民生投入；货币政策进一步宽松，央行通过降准、降息以及各类政策性金融工具保持流动性合理充裕，对财政政策的配合度也进一步提高。社融增速在政府债的支撑下开始企稳回升，但CPI和PPI回升乏力，需求恢复偏慢。债券收益率受到供给压力加大及全球贸易关税的影响呈现波动，二季度在央行降息后收益率有所回落，上半年债券收益率总体呈现先上后下小幅波动的特征，信用债收益表现略好于利率债。　　上半年国内权益市场波动上涨，股指经历年初回调和贸易冲击的考验后，开始逐步走高，并创出了年初以来的新高。市场行情呈现轮动和分化的特点，成长板块的算力链、创新药、新消费行业景气度较高，股价表现亮眼，远期行业逻辑顺畅的机器人、固态电池、低空经济等板块也轮动上涨。从基本面看，经济依然面临贸易冲突和海外需求走弱等风险因素，但是经济韧性较强，宏观政策持续发力，适时加力，整体基本面风险可控。同时，政策强调增强国内资本市场的吸引力和包容性，资本市场也延续了回稳向好的势头。　　报告期内，本基金继续按照“固收+”策略布局投资。板块上，在成长、消费、周期制造和价值等方向均有配置。个股上，自下而上聚焦选股，增加一些低位优质个股配置。积极挖掘风险收益比合适的投资机会。债券部分保持对商业银行金融债的配置为主，阶段性参与长端利率债的交易性投资机会，合理控制组合久期水平。","declarationDate":"2025-07-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:43:21.925Z","mo":"展望下阶段，由于上半年经济表现较好，全年实现目标增长的压力不大，下半年宏观政策预计以稳为主，财政政策以落实现有政策为主，重在存量落地；货币政策预计仍以配合财政政策落实为主，适度宽松的货币政策取向有望延续。政治局会议提出以治理企业无序竞争、推进重点行业产能治理为主的思路，PPI回升乏力有望改善。债券的期限利差有所修复，但信用利差已经明显压缩，预计进一步压缩的空间比较有限，票息收益可能是收益主要来源。　　从权益市场看，当前国内权益市场估值仍有吸引力，同时在政策的呵护与引导下，市场风险偏好明显回升，权益市场依然有很好的投资机会。展望后市，我们认为科技成长方向和传统供需优化的行业都存在机会，继续从优化风险收益比角度来调整组合。　　本基金下一阶段组合将继续采取积极的心态，注重个股挖掘，继续从优化风险收益比角度来构建组合。债券部分将继续以流动性较好的商业银行金融债配置为主，灵活调整组合的久期水平。　　本基金将秉承稳健、专业的投资理念，勤勉尽责地维护持有人的利益。","fund":{"_id":3000000011390,"__csrcFundId":9289,"stockCode":"011390","shortName":"华安添祥6个月混合(011390)","fundSecondLevel":"hybrid","stockType":"fund","areaCode":"cn","market":"a","tickerId":11390,"masterFundFlag":1,"lastUpdated":"2026-04-30T22:47:51.243Z","status":"normal","exchange":"jj","name":"华安添祥6个月持有期混合型证券投资基金","fundCollectionId":4000050040000,"curren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季度总体上债券收益率仍普遍小幅下行为主，期内中债综合全价(总值)指数上涨0.26%。　　报告期内，本基金继续按照“固收+”策略布局投资，仓位维持积极水平，聚焦选股，增加一些低位优质个股配置，在成长、消费、周期制造和价值等方向均有配置，积极挖掘风险收益比合适的投资机会。债券部分降低对信用债的配置，逐步增加商业银行金融债的比例，阶段性参与长端利率债的交易性投资机会，合理控制组合久期水平。","declarationDate":"2024-10-24T16:00:00.000Z","lastUpdated":"2026-03-09T13:43:21.917Z","fund":{"_id":3000000011390,"__csrcFundId":9289,"stockCode":"011390","shortName":"华安添祥6个月混合(011390)","fundSecondLevel":"hybrid","stockType":"fund","areaCode":"cn","market":"a","tickerId":11390,"masterFundFlag":1,"lastUpdated":"2026-04-30T22:47:51.243Z","status":"normal","exchange":"jj","name":"华安添祥6个月持有期混合型证券投资基金","fundCollectionId":4000050040000,"currency":"CNY","inceptionDate":"2021-07-20T16:00:00.000Z","followedNum":1,"masterFundShortName":"华安添祥6个月混合","setUpDate":"2021-07-20T16:00:00.000Z","setUpAssetScale":1607048798.77,"setUpShares":1607048798.77,"pinyin":"hatx6gycyqhhxzqtzjj","managers":[{"stockCode":"db20355947","stockType":"fund_manager","exchange":"fm","tickerId":192524150190,"name":"石雨欣"},{"stockCode":"db20586279","stockType":"fund_manager","exchange":"fm","tickerId":240617184700,"name":"许富强"}]},"announcement":{"linkText":"华安添祥6个月持有期混合型证券投资基金2024年第3季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1174447","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aece797fea5b3eb04ebed1","date":"2024-06-29T16:00:00.000Z","stockId":3000000011390,"sao":"上半年国内权益市场波动较大。年初市场在经济企稳回升和监管推动市场改革的预期下快速反弹，以红利和AI为代表的科技板块涨幅领先。二季度市场受海外环境波动以及经济数据走弱的影响开始回调，但稳健类资产依然维持较好的相对收益。整体来看，上半年市场偏好集中在两端，一类是公司行业地位稳固，盈利相对稳健，有成功穿越过往周期经验的公司；另一类是未来先进科技和技术演进的方向，不过这类资产往往处在产业比较初期阶段，受市场预期扰动会比较大。　　债券部分，期内货币政策继续保持稳健宽松，央行通过降准进一步释放长期流动性，同时下调5年期LPR利率25BP，另外通过市场利率定价自律机制禁止商业银行通过手工补息揽储等措施进一步降低商业银行负债成本，切实降低实体融资成本。由于债券投资需求依然保持旺盛，债券收益率继续普遍下行，长端表现优于短端，信用利差大幅压缩，期内中债综合全价(总值)指数上涨2.42%。　　报告期内，本基金继续按照“固收+”策略布局投资，仓位维持积极水平，聚焦选股，增加一些低位优质个股配置，在成长、消费、周期制造和价值等方向均有配置，积极挖掘风险收益比合适的投资机会。债券部分降低对信用债的配置，逐步增加商业银行金融债，阶段性参与长端利率债的交易性投资机会，合理控制组合久期水平。","declarationDate":"2024-07-18T16:00:00.000Z","lastUpdated":"2026-03-09T13:43:21.915Z","mo":"从宏观经济来看，当前外部环境变化带来的扰动影响增多，国内经济在新旧动能转换过程中出现一定分化。一边是新技术发展带动部分行业的需求爆发式增长，比如光模块等；另一边是传统周期性行业在逐步探底，供需正在寻找新的均衡。从权益市场看，当前国内权益市场估值仍处在历史低位，虽然短期风险偏好仍然不高，但中期来看，权益市场的投资机会已经比较明显。展望后市，我们认为海外需求已经出现走弱的迹象，在国内政策的加持下，内需是下个阶段值得重点关注的领域，特别是符合经济人口发展规律的内需板块将明显受益。　　债券方面，7月底中央政治局会议强调宏观政策持续用力、更加给力，继续实施好积极的财政政策和稳健的货币政策，加快全面落实已确定的政策措施，及早储备并适时推出一批增量政策措施；加强逆周期调节，综合运用多种货币政策工具，促进社会融资成本稳中有降，加大金融对实体经济的支持力度。预计货币政策进一步宽松的概率依然存在，债券收益率仍有一定的下行空间。但随着下半年政府债发行增加，资金面的波动需要关注，债市的波动可能有所加大，债券投资需要保持较好的流动性，适当控制组合久期和杠杆水平。　　本基金下一阶段投资继续采取积极的心态，关注拐点的到来，同时注重个股挖掘，继续从优化风险收益比角度来构建组合。债券部分将继续以流动性较好的商业银行金融债配置为主，择机参与利率债的投资机会，合理控制组合的久期水平。　　本基金将秉承稳健、专业的投资理念，勤勉尽责地维护持有人的利益。","fund":{"_id":3000000011390,"__csrcFundId":9289,"stockCode":"011390","shortName":"华安添祥6个月混合(011390)","fundSecondLevel":"hybrid","stockType":"fund","areaCode":"cn","market":"a","tickerId":11390,"masterFundFlag":1,"lastUpdated":"2026-04-30T22:47:51.243Z","status":"normal","exchange":"jj","name":"华安添祥6个月持有期混合型证券投资基金","fundCollectionId":4000050040000,"currency":"CNY","inceptionDate":"2021-07-20T16:00:00.000Z","followedNum":1,"masterFundShortName":"华安添祥6个月混合","setUpDate":"2021-07-20T16:00:00.000Z","setUpAssetScale":1607048798.77,"setUpShares":1607048798.77,"pinyin":"hatx6gycyqhhxzqtzjj","managers":[{"stockCode":"db20355947","stockType":"fund_manager","exchange":"fm","tickerId":192524150190,"name":"石雨欣"},{"stockCode":"db20586279","stockType":"fund_manager","exchange":"fm","tickerId":240617184700,"name":"许富强"}]},"announcement":{"linkText":"华安添祥6个月持有期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=1152290","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aece797fea5b3eb04ebed0","date":"2024-03-30T16:00:00.000Z","stockId":3000000011390,"sao":"2024年一季度，国内经济企稳态势进一步体现，比如工业企业利润、零售消费、进出口增速、PMI等指标走势向好。房地产方面，政策延续放松支持，二手成交回暖。A股春节前演绎的“深蹲起跳”是不符合前述基本面的，随后的超预期修复也就在情理之中。此外，低空经济、AI等新质生产力板块表现活跃，伴随有一定资金主题属性。红利板块持续强势，低利率下配置价值继续凸显。　　由于政府债发行的回落，社融增速有所回落。通胀依然维持较低水平，需求恢复偏慢。货币政策继续保持稳健宽松，期内央行通过降准进一步释放长期流动性，并且下调5年期LPR继续降低实体融资成本，由于债券供给偏少，债券收益率全面下行，曲线平坦化下行，信用利差进一步压缩至历史较低水平，中长期国债的表现最优，期内中债综合全价(总值)指数上涨1.35%。　　报告期内，本基金继续按照“固收+”策略布局投资，仓位维持积极水平，深度选股、重手出击，适度调整结构，增配成长消费，积极寻求结构性机会。债券部分以商业银行金融债配置和高等级信用债为主，阶段性参与长端利率债的交易性投资机会，合理控制组合久期和杠杆水平。","declarationDate":"2024-04-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:43:21.912Z","fund":{"_id":3000000011390,"__csrcFundId":9289,"stockCode":"011390","shortName":"华安添祥6个月混合(011390)","fundSecondLevel":"hybrid","stockType":"fund","areaCode":"cn","market":"a","tickerId":11390,"masterFundFlag":1,"lastUpdated":"2026-04-30T22:47:51.243Z","status":"normal","exchange":"jj","name":"华安添祥6个月持有期混合型证券投资基金","fundCollectionId":4000050040000,"currency":"CNY","inceptionDate":"2021-07-20T16:00:00.000Z","followedNum":1,"masterFundShortName":"华安添祥6个月混合","setUpDate":"2021-07-20T16:00:00.000Z","setUpAssetScale":1607048798.77,"setUpShares":1607048798.77,"pinyin":"hatx6gycyqhhxzqtzjj","managers":[{"stockCode":"db20355947","stockType":"fund_manager","exchange":"fm","tickerId":192524150190,"name":"石雨欣"},{"stockCode":"db20586279","stockType":"fund_manager","exchange":"fm","tickerId":240617184700,"name":"许富强"}]},"announcement":{"linkText":"华安添祥6个月持有期混合型证券投资基金2024年第1季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1073197","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aece797fea5b3eb04ebecf","date":"2023-12-30T16:00:00.000Z","stockId":3000000011390,"sao":"权益市场年初迎来了开门红，年初中特估和一带一路主题板块表现突出，行业轮动较快，二季度以AI为代表的新方向逐渐凸显出来，但随着美国加息影响传导，美国银行业风险事件冲击，海外经济回落预期有所强化，权益市场进入震荡期，上半年权益市场以结构性行情为主。三季度由于经济复苏节奏偏温和，A股整体仍然处于盈利筑底阶段，随着政策明显加码，顺周期板块率先反弹，消费和成长也有阶段表现，但整体较为保守。四季度虽然主体信心仍然疲弱，但反复筑底迹象明显，消费、成长和红利等板块各有轮动表现。　　债券收益率年初受到信贷开门红的冲击小幅震荡，三季度受到债券供给冲击出现一定幅度调整，其他大部分时间债券收益率以下行为主，全年各类债券收益率普遍下行，长端下行幅度超过短端，债券收益率总体上偏平坦化，信用债期限利差和信用利差普遍压缩，特别是中低等级信用利差大幅压缩，中低等级信用债表现更优。全年中债综合全价(总值)指数上涨2.07%。　　报告期内，本基金股票部分继续按照“固收+”策略布局投资，仓位维持积极水平，深度选股、重手出击，前十大集中度有所提高，风格维持均衡偏成长，积极寻求结构性机会。债券部分以高等级信用债和商业银行金融债配置为主，阶段性参与利率债的波段交易投资机会，合理控制组合久期水平。","declarationDate":"2024-01-18T16:00:00.000Z","lastUpdated":"2026-03-09T13:43:21.910Z","mo":"展望后市，基于企业盈利周期的研究判断，我们认为A股目前处于极有吸引力的价值区间，随着去年三季度以来政策累计加码的效应逐渐体现，经济企稳和盈利拐点值得期待，并在进出口和人民币汇率等指标上已经有所交叉印证。盈利周期拐点的确认对市场的支撑力是非常重要的，是我们看待A股市场的战略变量，是经济周期本身的规律，甚至不依赖于政策等外部变量，这也是我们对2024年不悲观的核心原因。随着拐点确立，预期成长和消费板块有望更具进攻属性，后续操作上重点关注中游制造、消费、新兴科技、高股息等方向的投资机会，并敢于在一些优质个股上重手出击。　　债券方面，美国经济景气有所回升，通胀粘性较强，降息预期回落，人民币汇率压力有所上升。在中美库存周期支撑下，出口有望逐步改善，国内货币政策有望继续保持相对宽松的格局，流动性有望继续保持合理充裕的水平，财政政策有望继续保持积极的态度。债券由于曲线较为平坦，收益率进一步下行的空间比较有限，票息收入可能是主要收益来源，债券投资策略建议逐步提高流动性资产配置占比，在流动性总体宽松的环境下以中短端高等级信用债和商业银行债为主要配置方向。　　本基金下一阶段投资会维持当前风格，保持积极仓位，继续关注地缘政治和美联储政策对A股的间接影响。从债券配置来看，组合将合理控制组合久期，继续保持中短期限高等级信用债和商业银行债配置为主，进一步提高组合流动性。　　本基金将秉承稳健、专业的投资理念，勤勉尽责地维护持有人的利益。","fund":{"_id":3000000011390,"__csrcFundId":9289,"stockCode":"011390","shortName":"华安添祥6个月混合(011390)","fundSecondLevel":"hybrid","stockType":"fund","areaCode":"cn","market":"a","tickerId":11390,"masterFundFlag":1,"lastUpdated":"2026-04-30T22:47:51.243Z","status":"normal","exchange":"jj","name":"华安添祥6个月持有期混合型证券投资基金","fundCollectionId":4000050040000,"currency":"CNY","inceptionDate":"2021-07-20T16:00:00.000Z","followedNum":1,"masterFundShortName":"华安添祥6个月混合","setUpDate":"2021-07-20T16:00:00.000Z","setUpAssetScale":1607048798.77,"setUpShares":1607048798.77,"pinyin":"hatx6gycyqhhxzqtzjj","managers":[{"stockCode":"db20355947","stockType":"fund_manager","exchange":"fm","tickerId":192524150190,"name":"石雨欣"},{"stockCode":"db20586279","stockType":"fund_manager","exchange":"fm","tickerId":240617184700,"name":"许富强"}]},"announcement":{"linkText":"华安添祥6个月持有期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=1048110","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aece797fea5b3eb04ebece","date":"2023-09-29T16:00:00.000Z","stockId":3000000011390,"sao":"2023年三季度在7月底政治局会议态度偏积极后，各主要部委纷纷出台各类促进经济的相关政策，经济活力开始增加，PMI指数持续回升，基建和制造业投资大体保持平稳，房地产政策进一步松绑，地产销售仍显疲弱，通胀水平仍处于相对低位。货币政策进一步保持宽松，央行通过8月份降息、9月份降准进一步降低实体融资成本以及释放流动性，随着实体融资的逐步恢复以及政府债发行加速，资金利率中枢有所上移，短端债券收益率普遍小幅上行，长端利率在经济基本面有所修复以及短端资金中枢上移的冲击下保持窄幅震荡，长端上行幅度小于短端，期内收益率曲线开始平坦化，债券短端表现略好于长端，期内中债综合全价(总值)指数上涨0.01%。三季度经济复苏节奏偏温和，A股整体仍然处于盈利筑底阶段。随着政策明显加码，顺周期板块率先反弹，消费和成长也有阶段表现，但整体较为保守。报告期内，本基金投资组合保持积极仓位，风格维持均衡偏成长，积极寻求结构性机会。债券部分以高等级信用债配置为主，继续增持商业银行金融债，阶段性参与利率债的波段交易投资机会，合理控制组合久期，积极防范信用风险。","declarationDate":"2023-10-23T16:00:00.000Z","lastUpdated":"2026-03-09T13:43:21.907Z","fund":{"_id":3000000011390,"__csrcFundId":9289,"stockCode":"011390","shortName":"华安添祥6个月混合(011390)","fundSecondLevel":"hybrid","stockType":"fund","areaCode":"cn","market":"a","tickerId":11390,"masterFundFlag":1,"lastUpdated":"2026-04-30T22:47:51.243Z","status":"normal","exchange":"jj","name":"华安添祥6个月持有期混合型证券投资基金","fundCollectionId":4000050040000,"currency":"CNY","inceptionDate":"2021-07-20T16:00:00.000Z","followedNum":1,"masterFundShortName":"华安添祥6个月混合","setUpDate":"2021-07-20T16:00:00.000Z","setUpAssetScale":1607048798.77,"setUpShares":1607048798.77,"pinyin":"hatx6gycyqhhxzqtzjj","managers":[{"stockCode":"db20355947","stockType":"fund_manager","exchange":"fm","tickerId":192524150190,"name":"石雨欣"},{"stockCode":"db20586279","stockType":"fund_manager","exchange":"fm","tickerId":240617184700,"name":"许富强"}]},"announcement":{"linkText":"华安添祥6个月持有期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=984908","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aece797fea5b3eb04ebecd","date":"2023-06-29T16:00:00.000Z","stockId":3000000011390,"sao":"2023年上半年国内经济保持恢复性增长，消费的显著回升是经济增长的主要动能，基建和制造业投资保持了平稳增长的态势，随着房地产销售冲高回落，房地产投资是经济恢复的主要拖累项，外贸出口保持了一定的韧性。上半年通胀水平总体有所回落，需求总体保持弱势，央行通过超量续作MLF、3月份降准、6月份降息等操作保持货币政策相对宽松的态度，上半年资金面保持相对宽松，资金利率水平先升后降，债券收益率1、2月份小幅震荡上行，3月份以后持续震荡下行，上半年债券收益率总体震荡下行，信用利差普遍压缩，信用债表现普遍好于利率债，期内中债综合全价(总值)指数上涨1.22%。权益市场年初迎来了开门红，行业轮动较快，以AI为代表的新方向逐渐凸显出来。但随着美国加息影响传导，美国银行业风险事件冲击，海外经济回落预期有所强化，权益市场进入震荡期，上半年权益市场以结构性行情为主。报告期内，本基金投资组合保持积极仓位，风格维持均衡偏成长，积极寻求结构性机会。债券部分以高等级信用债配置为主，继续增持商业银行金融债，阶段性参与利率债的波段交易投资机会，合理控制组合久期，积极防范信用风险。","declarationDate":"2023-07-19T16:00:00.000Z","lastUpdated":"2026-03-09T13:43:21.905Z","mo":"展望后市，我们维持A股目前处于有吸引力价值区间的判断，积极看好结构性机会演绎：一方面基于盈利周期触底，国内经济复苏和微观信心恢复的预期，另一方面基于宽松信用环境和海外市场回暖的传导。从风格来看，我们认为价值成长的性价比处于势均力敌的状态，下一阶段关注中游制造、消费、新兴科技、高股息等方向的投资机会。操作上，我们会在上述方向上积极选股，关注安全边际，深度布局投资机会。债市方面，宏观政策在扩大内需、提振信心、宏观调控力度以及防范风险等方面都在进一步加码，随着房地产政策的不断优化调整，房地产投资对经济增长的拖累有望改善。货币政策和财政政策都有望继续加力提效，因此，长端利率债可能保持震荡，短端利率在流动性保持相对宽松的态势下可能继续保持稳定，对于债券来说短端的确定性依然强于长端，债市投资仍以中短端票息策略为主。本基金下一阶段投资会维持当前风格，适度提升仓位灵活度，继续关注地缘政治和美联储政策对A股的间接影响。从债券配置来看，票息策略继续较优，组合将继续保持中高等级信用债配置为主，合理控制组合久期，积极防范信用风险。本基金将秉承稳健、专业的投资理念，勤勉尽责地维护持有人的利益。","fund":{"_id":3000000011390,"__csrcFundId":9289,"stockCode":"011390","shortName":"华安添祥6个月混合(011390)","fundSecondLevel":"hybrid","stockType":"fund","areaCode":"cn","market":"a","tickerId":11390,"masterFundFlag":1,"lastUpdated":"2026-04-30T22:47:51.243Z","status":"normal","exchange":"jj","name":"华安添祥6个月持有期混合型证券投资基金","fundCollectionId":4000050040000,"currency":"CNY","inceptionDate":"2021-07-20T16:00:00.000Z","followedNum":1,"masterFundShortName":"华安添祥6个月混合","setUpDate":"2021-07-20T16:00:00.000Z","setUpAssetScale":1607048798.77,"setUpShares":1607048798.77,"pinyin":"hatx6gycyqhhxzqtzjj","managers":[{"stockCode":"db20355947","stockType":"fund_manager","exchange":"fm","tickerId":192524150190,"name":"石雨欣"},{"stockCode":"db20586279","stockType":"fund_manager","exchange":"fm","tickerId":240617184700,"name":"许富强"}]},"announcement":{"linkText":"华安添祥6个月持有期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=959740","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aece797fea5b3eb04ebecc","date":"2023-03-30T16:00:00.000Z","stockId":3000000011390,"sao":"2023年一季度国内经济开始修复，服务消费快速恢复，工业生产由于受到出口下滑的影响增速有所放缓，房地产销售稳步回升，基建投资稳步增长，总体上经济呈现修复格局。货币政策继续保持相对宽松格局，3月份央行降准0.25%进一步增加长期流动性投放，资金利率围绕政策性利率水平附近波动。债券收益率1月和2月份受到经济快速修复的压力出现小幅调整，3月中下旬随着资金面压力缓解后债券收益率出现一定幅度下行，信用债由于票息优势表现好于利率债，中低等级信用债利差大幅压缩，期内中债综合全价(总值)指数上涨0.28%。2023年一季度，经济活动逐渐恢复，权益市场迎来了开门红，行业轮动较快，以AI为代表的新方向逐渐凸显出来。随着加息影响传导，美国银行业风险事件冲击，海外经济回落预期有所强化，但整体风险还在可控范围。报告期内，本基金继续按照“固收+”策略布局投资，仓位提升至积极水平，风格维持均衡偏成长，结合安全边际适度增加TMT成长配置，积极寻求结构性机会。债券部分以高等级信用债配置为主，期内小幅提高债券部分久期，阶段性参与利率债的波段交易投资机会，少量增持商业银行金融债，积极防范信用风险。","declarationDate":"2023-04-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:43:21.902Z","fund":{"_id":3000000011390,"__csrcFundId":9289,"stockCode":"011390","shortName":"华安添祥6个月混合(011390)","fundSecondLevel":"hybrid","stockType":"fund","areaCode":"cn","market":"a","tickerId":11390,"masterFundFlag":1,"lastUpdated":"2026-04-30T22:47:51.243Z","status":"normal","exchange":"jj","name":"华安添祥6个月持有期混合型证券投资基金","fundCollectionId":4000050040000,"currency":"CNY","inceptionDate":"2021-07-20T16:00:00.000Z","followedNum":1,"masterFundShortName":"华安添祥6个月混合","setUpDate":"2021-07-20T16:00:00.000Z","setUpAssetScale":1607048798.77,"setUpShares":1607048798.77,"pinyin":"hatx6gycyqhhxzqtzjj","managers":[{"stockCode":"db20355947","stockType":"fund_manager","exchange":"fm","tickerId":192524150190,"name":"石雨欣"},{"stockCode":"db20586279","stockType":"fund_manager","exchange":"fm","tickerId":240617184700,"name":"许富强"}]},"announcement":{"linkText":"华安添祥6个月持有期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=883557","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aece797fea5b3eb04ebecb","date":"2022-12-30T16:00:00.000Z","stockId":3000000011390,"sao":"2022年随着欧美经济继续复苏，海外通胀压力逐步显现，国际地缘冲突进一步加剧通胀压力，美联储启动加息导致全球风险偏好快速下降，人民币汇率承压。国内宏观政策重心以经济增长为主，但3、4月份受到局部疫情影响经济增长压力进一步加大，下半年随着地产修复不及预期以及出口增长开始回落，经济修复不及预期。货币政策全面保持相对宽松格局，全年央行两次降息、两次降准以维护流动性保持合理充裕，债券收益率在流动性保持宽松、经济回升不及预期以及海外货币紧缩的环境下前三季度保持震荡下行，四季度随着防疫政策优化以及地产政策出现调整有所承压，年底债券市场出现调整，理财遭遇赎回进一步加剧债市调整压力，全年来看债券收益率小幅下行，中债综合全价(总值)指数上涨0.51%。对大部分权益投资者来说，2022年是极其艰难的一年，外有国际地缘冲突带来的全球通胀和供应链压力，内有经济下行叠加疫情反复的冲击。直至四季度地产和防疫政策的积极调整，A股市场迎来筑底企稳，港股市场显著反弹。我们维持A股目前处于有吸引力的价值内，中期而言大概率是重要底部的判断。报告期内，本基金继续按照“固收+”策略布局投资，仓位维持中性水平，风格均衡偏成长，稳健参与市场结构性机会。债券部分以高等级信用债配置为主，阶段性参与利率债的波段交易投资机会，择机配置商业银行金融债，灵活调整组合久期，积极防范信用风险。","declarationDate":"2023-01-19T16:00:00.000Z","lastUpdated":"2026-03-09T13:43:21.900Z","mo":"展望后市，我们认为市场信心和经济活力恢复需要时间，但大概率是2023年的确定性方向。防疫政策的调整其实就是重要的稳增长举措，随着上游通胀压力的回落，中游制造和消费板块的成本压力有望缓解，叠加明年需求的修复预期，必然带来相应公司的盈利回升。整体而言，我们继续认为市场进入中期非常有吸引力的价值区间，而且底部纠结期大概率过去，基本面右侧即将到来。从风格来看，我们认为价值成长的性价比处于势均力敌的状态，这意味着未来的投资机会可能更加均衡。操作上，我们会把重心放到自下而上选股，回到公司底层基本面变化，深度布局投资机会。对债市来看，目前经济仍处于回升初期，货币政策保持相对宽松的概率依然较高，中长端债券受到经济回升预期的增强可能有所承压，债券投资策略以中短久期为主，继续注重票息收益。本基金下一阶段投资会维持当前风格，选股更注重中期视角，在控制波动的前提下适度提高持股集中度。债券部分将继续保持中短久期信用债的基本配置，严格控制组合久期，保持组合流动性，继续严控信用风险。本基金将秉承稳健、专业的投资理念，勤勉尽责地维护持有人的利益。","fund":{"_id":3000000011390,"__csrcFundId":9289,"stockCode":"011390","shortName":"华安添祥6个月混合(011390)","fundSecondLevel":"hybrid","stockType":"fund","areaCode":"cn","market":"a","tickerId":11390,"masterFundFlag":1,"lastUpdated":"2026-04-30T22:47:51.243Z","status":"normal","exchange":"jj","name":"华安添祥6个月持有期混合型证券投资基金","fundCollectionId":4000050040000,"currency":"CNY","inceptionDate":"2021-07-20T16:00:00.000Z","followedNum":1,"masterFundShortName":"华安添祥6个月混合","setUpDate":"2021-07-20T16:00:00.000Z","setUpAssetScale":1607048798.77,"setUpShares":1607048798.77,"pinyin":"hatx6gycyqhhxzqtzjj","managers":[{"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7月份央行通过降准释放流动性，资金面总体保持宽松，资金利率保持低位，债券收益率在降准后小幅下行，但随着政策刺激预期的增强，债券收益率开始小幅上升，三季度债券收益率总体小幅下行，期内中债综合全价(总值)指数上涨0.83%。三季度A股市场整体呈现震荡走势，但结构性机会凸显，尤其体现在部分传统价值板块和中小盘成长个股方向，这大体与我们前期判断相符。报告期内，本基金初步完成建仓，按照“固收+”策略布局投资，以中性偏积极仓位，参与市场结构性机会。债券部分完成建仓，配置了高等级中短久期信用债，少量参与利率债的阶段性投资，合理控制久期，期内基金业绩取得相对较好的表现。","declarationDate":"2021-10-26T16:00:00.000Z","lastUpdated":"2026-03-09T13:43:21.887Z","fund":{"_id":3000000011390,"__csrcFundId":9289,"stockCode":"011390","shortName":"华安添祥6个月混合(011390)","fundSecondLevel":"hybrid","stockType":"fund","areaCode":"cn","market":"a","tickerId":11390,"masterFundFlag":1,"lastUpdated":"2026-04-30T22:47:51.243Z","status":"normal","exchange":"jj","name":"华安添祥6个月持有期混合型证券投资基金","fundCollectionId":4000050040000,"currency":"CNY","inceptionDate":"2021-07-20T16:00:00.000Z","followedNum":1,"masterFundShortName":"华安添祥6个月混合","setUpDate":"2021-07-20T16:00:00.000Z","setUpAssetScale":1607048798.77,"setUpShares":1607048798.77,"pinyin":"hatx6gycyqhhxzqtzjj","managers":[{"stockCode":"db20355947","stockType":"fund_manager","exchange":"fm","tickerId":192524150190,"name":"石雨欣"},{"stockCode":"db20586279","stockType":"fund_manager","exchange":"fm","tickerId":240617184700,"name":"许富强"}]},"announcement":{"linkText":"华安添祥6个月持有期混合型证券投资基金2021年第三季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=655947","linkType":"PDF","source":"csrc_pdf"}}]}