window.pageData = {"stock":{"_id":3000000016596,"stockCode":"016596","shortName":"民生加银月月乐30天持有期短债A","masterFundShortName":"民生加银月月乐30天持有期短债","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":16596,"currency":"CNY","masterFundFlag":1,"status":"normal","exchange":"jj","fundCollectionId":4000050610000,"name":"民生加银月月乐30天持有期短债债券型证券投资基金","followedNum":0,"inceptionDate":"2022-09-19T16:00:00.000Z","setUpDate":"2022-09-19T16:00:00.000Z","setUpAssetScale":40552563.21,"setUpShares":40552563.21,"pinyin":"msjyyyl30tcyqdzzqxzqtzjj","fundCollection":{"exchange":"jjgs","stockType":"fund_collection","stockCode":"50610000","tickerId":50610000,"name":"民生加银基金管理有限公司"},"managers":[{"name":"谢志华","stockType":"fund_manager","stockCode":"db20061380","exchange":"fm","tickerId":242608100110},{"name":"郑雅洁","stockType":"fund_manager","stockCode":"db20883314","exchange":"fm","tickerId":262510230120}],"hotMetrics":{"fss":{"stockId":3000000016596,"type":"fss","f_s_s_d":"2024-06-29T16:00:00.000Z","f_ins_h_s_r":0.045899999999999996,"f_ins_h_s_r_c_hy":0.045099999999999994,"f_ind_h_s_r":0.9541,"f_ind_h_s_r_c_hy":-0.04510000000000003,"f_h_a":977,"f_h_s_a":329728,"f_ind_h_s_r_c_1y":-0.0051000000000001044,"f_ins_h_s_r_c_1y":0.005099999999999993,"last_data_date":"2025-12-30T16:00:00.000Z"},"fpr":{"stockId":3000000016596,"type":"fpr","f_p_r_fys_ssc":7464,"f_p_r_fys_ssrp":0.705346375452231,"f_p_r_m1_ssc":7580,"f_p_r_m1_ssrp":0.5731626863702335,"f_p_r_m3_ssc":7483,"f_p_r_m3_ssrp":0.607324244854317,"f_p_r_m6_ssc":7262,"f_p_r_m6_ssrp":0.580636275995042,"f_p_r_y1_ssc":6833,"f_p_r_y1_ssrp":0.4146662763466042,"f_p_r_y2_ssc":5871,"f_p_r_y2_ssrp":0.6935264054514481,"f_cagr_p_r_fs_ssc":7291,"f_cagr_p_r_fs_ssrp":0.6866941015089163,"f_p_r_y3_ssc":4903,"f_p_r_y3_ssrp":0.7156262749898},"fp":{"stockId":3000000016596,"type":"fp","f_p_r_fys":0.008025089936352758,"f_p_r_m1":0.0030289123451126,"f_p_r_m3":0.006261510128913406,"f_cagr_p_r_fs":0.024885749281721825,"f_p_r_m6":0.01072881982981877,"f_p_r_d1":0.0000940203083865665,"f_p_r_y1":0.020926756352765308,"f_p_r_y2":0.04524151123864173,"last_data_date":"2026-04-29T16:00:00.000Z","f_p_r_y3":0.07898894154818326},"ff":{"stockId":3000000016596,"type":"ff","f_m_f":1460106,"f_m_f_r":0.0025,"f_c_f":584042,"f_c_f_r":0.001,"f_m_a_c_f":2044148,"f_m_a_c_f_r":0.0035,"f_m_c_f_d":"2024-09-19T16:00:00.000Z","f_c_fr":0.001,"f_fr_d":"2025-12-30T16:00:00.000Z","f_m_fr":0.0025,"f_mac_fr":0.0035},"f_nlacan":{"stockId":3000000016596,"type":"f_nlacan","f_nv_d":"2026-04-29T16:00:00.000Z","f_nv":1.0928,"f_nv_cr":-0.00009149967975108364},"f_as":{"stockId":3000000016596,"type":"f_as","f_tas":17630997.384,"f_tas_d":"2026-03-30T16:00:00.000Z"}},"masterSlaveFunds":[{"_id":3000000016597,"name":"民生加银月月乐30天持有期短债债券型证券投资基金","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","stockCode":"016597","tickerId":16597,"shortName":"民生加银月月乐30天持有期短债C","currency":"CNY","__csrcFundId":11727,"exchange":"jj","lastUpdated":"2025-01-04T00:32:20.244Z","fundCollectionId":4000050610000,"inceptionDate":"2022-09-19T16:00:00.000Z","status":"normal","setUpDate":"2022-09-19T16:00:00.000Z","setUpAssetScale":329276587.03,"setUpShares":329276587.03,"masterFundFlag":null,"activeFundFlag":null,"classificationFlag":null,"closedEnd":null,"etfFundFlag":null,"feederFundFlag":null,"indexFundFlag":null,"lofFundFlag":null,"pensionTargetFlag":null,"pinyin":"msjyyyl30tcyqdzzqxzqtzjj"}],"bondHoldings":[{"_id":"69e8fafd1398d79843002e45","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000016596,"stockCode":"102480567","stockName":"24威海城投MTN001B","holdings":100000,"marketCap":10358723,"netValueRatio":0.0707,"lastUpdated":"2026-04-22T16:44:45.832Z"},{"_id":"69e8fafd1398d79843002e46","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000016596,"stockCode":"102480953","stockName":"24三峡平湖MTN002","holdings":100000,"marketCap":10345260,"netValueRatio":0.0706,"lastUpdated":"2026-04-22T16:44:45.836Z"},{"_id":"69e8fafd1398d79843002e47","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000016596,"stockCode":"102481905","stockName":"24青岛海控MTN002","holdings":100000,"marketCap":10338352,"netValueRatio":0.0706,"lastUpdated":"2026-04-22T16:44:45.840Z"},{"_id":"69e8fafd1398d79843002e48","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000016596,"stockCode":"102380891","stockName":"23萧山交投MTN001","holdings":100000,"marketCap":10332769,"netValueRatio":0.0705,"lastUpdated":"2026-04-22T16:44:45.843Z"},{"_id":"69e8fafd1398d79843002e49","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000016596,"stockCode":"102381913","stockName":"23晋能煤业MTN003","holdings":100000,"marketCap":10295876,"netValueRatio":0.0703,"lastUpdated":"2026-04-22T16:44:45.846Z"}]},"list":[{"_id":"69e8ebe61398d79843fe9800","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","stockId":3000000016596,"sao":"2026年一季度国内经济弱复苏，出口超预期强劲，固定资产投资改善，消费相对偏弱，社融增长平稳，M2-M1剪刀差收窄；通胀水平仍处于低位但边际抬升，美伊冲突导致石油价格上涨加剧输入型通胀的可能性，将使得PPI转正时点提前。一季度货币政策维持适度宽松基调，银行间流动性充裕，银行负债端成本下行，资金面相对均衡。一季度国债收益率曲线陡峭化，超长端国债收益率较年初上行，其余期限国债收益率较年初下行。超长端受风险偏好变化以及通胀预期影响较大。一季度信用债收益率随无风险收益率震荡下行。　　在报告期内，本基金延续中短久期信用债票息策略，保持了较高杠杆比例，并进行了个券优化调仓操作。","lastUpdated":"2026-04-22T15:40:22.745Z","fund":{"_id":3000000016596,"__csrcFundId":11727,"stockCode":"016596","shortName":"民生加银月月乐30天持有期短债(016596)","masterFundShortName":"民生加银月月乐30天持有期短债","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":16596,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-01T01:07:34.720Z","status":"normal","exchange":"jj","fundCollectionId":4000050610000,"name":"民生加银月月乐30天持有期短债债券型证券投资基金","followedNum":0,"inceptionDate":"2022-09-19T16:00:00.000Z","setUpDate":"2022-09-19T16:00:00.000Z","setUpAssetScale":40552563.21,"setUpShares":40552563.21,"pinyin":"msjyyyl30tcyqdzzqxzqtzjj","managers":[{"stockCode":"db20061380","stockType":"fund_manager","exchange":"fm","tickerId":242608100110,"name":"谢志华"},{"stockCode":"db20883314","stockType":"fund_manager","exchange":"fm","tickerId":262510230120,"name":"郑雅洁"}]},"announcement":{"linkText":"民生加银月月乐30天持有期短债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=1476131","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69ca7bd07ecbd37c10afbe57","date":"2025-12-30T16:00:00.000Z","declarationDate":"2026-03-29T16:00:00.000Z","stockId":3000000016596,"sao":"2025年，在国际形势错综复杂的环境下，中国经济体现出了很强的韧性，实现了平稳增长。从结构上看，出口表现超预期，内需相对不足。经济结构性的特点突出，传统经济仍在调整阶段，新兴产业表现亮眼。　　受政策预期、风险偏好以及机构行为等因素影响，25年债券市场收益率整体震荡上行，收益率曲线呈现陡峭化，长端利率债调整幅度较大，短端信用债表现相对较好。　　组合全年以票息策略为主，维持了较高杠杆比例，品种以中短期信用债为主，做了结构优化和波段操作。","lastUpdated":"2026-03-30T13:34:08.126Z","mo":"当前国际形势复杂多变，美国对外战略大幅调整，全球化体系遇到严重挑战，旧的框架正被打破，新的平衡尚未形成，地缘政治不确定性明显提升。在此背景下，中国应对策略立足“以我为主”，一方面稳住传统经济基本盘，确保不发生系统性风险，另一方面抓住当前窗口期，全力争取实现科技等方面的赶超，同时努力培育国内内需大市场，为长期经济转型打下基础。　　经济整体以稳为主，注重结构，货币环境仍将保持相对宽松环境，但短期内新增货币宽松政策空间有限。债券市场或以震荡为主，预计收益率上下空间均有限。","fund":{"_id":3000000016596,"__csrcFundId":11727,"stockCode":"016596","shortName":"民生加银月月乐30天持有期短债(016596)","masterFundShortName":"民生加银月月乐30天持有期短债","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":16596,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-01T01:07:34.720Z","status":"normal","exchange":"jj","fundCollectionId":4000050610000,"name":"民生加银月月乐30天持有期短债债券型证券投资基金","followedNum":0,"inceptionDate":"2022-09-19T16:00:00.000Z","setUpDate":"2022-09-19T16:00:00.000Z","setUpAssetScale":40552563.21,"setUpShares":40552563.21,"pinyin":"msjyyyl30tcyqdzzqxzqtzjj","managers":[{"stockCode":"db20061380","stockType":"fund_manager","exchange":"fm","tickerId":242608100110,"name":"谢志华"},{"stockCode":"db20883314","stockType":"fund_manager","exchange":"fm","tickerId":262510230120,"name":"郑雅洁"}]},"announcement":{"linkText":"民生加银月月乐30天持有期短债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=1449679","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed1e37fea5b3eb0524f93","date":"2025-09-29T16:00:00.000Z","declarationDate":"2025-10-27T16:00:00.000Z","stockId":3000000016596,"sao":"三季度宏观层面依然体现出明显的经济转型期特征，代表先进生产力的科技方向表现亮眼，部分上游资源品表现也可圈可点，但以房地产为代表的传统行业依旧低迷，内需整体依然承压。货币政策平稳，市场资金充裕。债券市场方面，受股债跷跷板效应、公募基金销售费用新规征求意见稿等因素影响，债券收益率震荡上行，收益率曲线走陡。　　组合继续以中短久期信用债配置为主，三季度进行了债券的波段操作。","lastUpdated":"2026-03-09T13:57:55.183Z","fund":{"_id":3000000016596,"__csrcFundId":11727,"stockCode":"016596","shortName":"民生加银月月乐30天持有期短债(016596)","masterFundShortName":"民生加银月月乐30天持有期短债","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":16596,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-01T01:07:34.720Z","status":"normal","exchange":"jj","fundCollectionId":4000050610000,"name":"民生加银月月乐30天持有期短债债券型证券投资基金","followedNum":0,"inceptionDate":"2022-09-19T16:00:00.000Z","setUpDate":"2022-09-19T16:00:00.000Z","setUpAssetScale":40552563.21,"setUpShares":40552563.21,"pinyin":"msjyyyl30tcyqdzzqxzqtzjj","managers":[{"stockCode":"db20061380","stockType":"fund_manager","exchange":"fm","tickerId":242608100110,"name":"谢志华"},{"stockCode":"db20883314","stockType":"fund_manager","exchange":"fm","tickerId":262510230120,"name":"郑雅洁"}]},"announcement":{"linkText":"民生加银月月乐30天持有期短债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=1380371","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed1e37fea5b3eb0524f92","date":"2025-06-29T16:00:00.000Z","stockId":3000000016596,"sao":"2025年上半年，在财政前置发力、消费补贴、抢出口等多重因素支撑下，国内经济总体运行平稳，中美贸易摩擦给市场预期带来短期冲击，但修复较快。货币政策总体稳中偏松，实体经济融资需求仍然较弱，市场资金面充裕。债券收益率来到较低水平后呈现震荡格局，信用债体现出票息优势，表现相对较好。　　组合以中短久期信用债策略为主，上半年运用了较高杠杆，并进行了波段操作。","declarationDate":"2025-07-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:57:55.179Z","mo":"展望2025年下半年，经济增长方面，内外需可能均面临一定压力，关注增量对冲政策可能落地的时机和力度，能否带来需求侧预期实质性改善。关注供给侧政策落地带来的影响。海外方面，下半年美联储可能降息，为国内货币政策打开空间。预计下半年资金面依然相对宽松。　　债券方面，收益率可能继续低位震荡，关注权益市场风险偏好提升带来的负债端冲击等影响因素。","fund":{"_id":3000000016596,"__csrcFundId":11727,"stockCode":"016596","shortName":"民生加银月月乐30天持有期短债(016596)","masterFundShortName":"民生加银月月乐30天持有期短债","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":16596,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-01T01:07:34.720Z","status":"normal","exchange":"jj","fundCollectionId":4000050610000,"name":"民生加银月月乐30天持有期短债债券型证券投资基金","followedNum":0,"inceptionDate":"2022-09-19T16:00:00.000Z","setUpDate":"2022-09-19T16:00:00.000Z","setUpAssetScale":40552563.21,"setUpShares":40552563.21,"pinyin":"msjyyyl30tcyqdzzqxzqtzjj","managers":[{"stockCode":"db20061380","stockType":"fund_manager","exchange":"fm","tickerId":242608100110,"name":"谢志华"},{"stockCode":"db20883314","stockType":"fund_manager","exchange":"fm","tickerId":262510230120,"name":"郑雅洁"}]},"announcement":{"linkText":"民生加银月月乐30天持有期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=1342485","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed1e37fea5b3eb0524f91","date":"2025-03-30T16:00:00.000Z","stockId":3000000016596,"sao":"一季度经济稳中向好，一线城市二手房成交活跃，以旧换新等政策支撑消费增长，新质生产力亮点频出，市场风险偏好回升，但经济内生增长动力仍偏弱，需政策继续呵护。债券市场方面，银行间资金面有所收敛，资金利率上行，叠加经济悲观预期有所修正，债券市场波动加大，债券收益率一季度震荡上行，短端信用债表现相对较好。　　组合侧重绝对配置思路，以中高等级中短久期信用债为主，降低了金融债配置比例，增加了中期票据配置比例，根据行情变化及申赎情况进行了波段操作。","declarationDate":"2025-04-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:57:55.159Z","fund":{"_id":3000000016596,"__csrcFundId":11727,"stockCode":"016596","shortName":"民生加银月月乐30天持有期短债(016596)","masterFundShortName":"民生加银月月乐30天持有期短债","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":16596,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-01T01:07:34.720Z","status":"normal","exchange":"jj","fundCollectionId":4000050610000,"name":"民生加银月月乐30天持有期短债债券型证券投资基金","followedNum":0,"inceptionDate":"2022-09-19T16:00:00.000Z","setUpDate":"2022-09-19T16:00:00.000Z","setUpAssetScale":40552563.21,"setUpShares":40552563.21,"pinyin":"msjyyyl30tcyqdzzqxzqtzjj","managers":[{"stockCode":"db20061380","stockType":"fund_manager","exchange":"fm","tickerId":242608100110,"name":"谢志华"},{"stockCode":"db20883314","stockType":"fund_manager","exchange":"fm","tickerId":262510230120,"name":"郑雅洁"}]},"announcement":{"linkText":"民生加银月月乐30天持有期短债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=1273571","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed1e37fea5b3eb0524f90","date":"2024-12-30T16:00:00.000Z","stockId":3000000016596,"sao":"2024年，国内经济处于新旧动能切换的转型期，地产仍处于下行周期，对经济拖累较大，基建和出口对经济形成支撑。货币政策整体偏宽松，实体经济融资需求较弱，银行间市场资金充裕，配置需求旺盛。债券收益率曲线全年震荡下行，期限利差和信用利差压缩。　　组合侧重绝对配置思路，以中高等级中短久期信用债为主，根据行情变化及申赎情况进行了波段操作。","declarationDate":"2025-01-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:57:55.156Z","mo":"展望2025年，国际形势复杂多变，国际贸易环境及美联储货币政策边际变化预计将带来较多扰动。国内方面，地产行业的出清尚需时日，政策上需适度发力，拉动内需，对冲外围干扰，为高质量发展赢得时间。预计财政政策将更加积极主动，货币政策仍维持相对宽松，但节奏上受汇率等因素影响。　　经济增速平稳下行寻找新的平衡点，总量上的波动预计不会太大，融资需求增长相对温和，市场配置性需求预计依然旺盛，债市总体环境依然有利，但收益率已至绝对低位，且干扰因素增多，预计债市波动可能加大。","fund":{"_id":3000000016596,"__csrcFundId":11727,"stockCode":"016596","shortName":"民生加银月月乐30天持有期短债(016596)","masterFundShortName":"民生加银月月乐30天持有期短债","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":16596,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-01T01:07:34.720Z","status":"normal","exchange":"jj","fundCollectionId":4000050610000,"name":"民生加银月月乐30天持有期短债债券型证券投资基金","followedNum":0,"inceptionDate":"2022-09-19T16:00:00.000Z","setUpDate":"2022-09-19T16:00:00.000Z","setUpAssetScale":40552563.21,"setUpShares":40552563.21,"pinyin":"msjyyyl30tcyqdzzqxzqtzjj","managers":[{"stockCode":"db20061380","stockType":"fund_manager","exchange":"fm","tickerId":242608100110,"name":"谢志华"},{"stockCode":"db20883314","stockType":"fund_manager","exchange":"fm","tickerId":262510230120,"name":"郑雅洁"}]},"announcement":{"linkText":"民生加银月月乐30天持有期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=1247412","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed1e37fea5b3eb0524f8f","date":"2024-09-29T16:00:00.000Z","stockId":3000000016596,"sao":"三季度市场波动较大。前两个月，在央行降息及美联储降息落地等因素推动下，收益率延续前期下行趋势。9月下旬，市场对政策预期转向，收益率上行幅度较大。受流动性欠佳及赎回等因素影响，信用债调整幅度相对较大。　　三季度本组合根据规模及市场变化做了波段操作，组合配置仍以中短久期信用债为主。","declarationDate":"2024-10-24T16:00:00.000Z","lastUpdated":"2026-03-09T13:57:55.152Z","fund":{"_id":3000000016596,"__csrcFundId":11727,"stockCode":"016596","shortName":"民生加银月月乐30天持有期短债(016596)","masterFundShortName":"民生加银月月乐30天持有期短债","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":16596,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-01T01:07:34.720Z","status":"normal","exchange":"jj","fundCollectionId":4000050610000,"name":"民生加银月月乐30天持有期短债债券型证券投资基金","followedNum":0,"inceptionDate":"2022-09-19T16:00:00.000Z","setUpDate":"2022-09-19T16:00:00.000Z","setUpAssetScale":40552563.21,"setUpShares":40552563.21,"pinyin":"msjyyyl30tcyqdzzqxzqtzjj","managers":[{"stockCode":"db20061380","stockType":"fund_manager","exchange":"fm","tickerId":242608100110,"name":"谢志华"},{"stockCode":"db20883314","stockType":"fund_manager","exchange":"fm","tickerId":262510230120,"name":"郑雅洁"}]},"announcement":{"linkText":"民生加银月月乐30天持有期短债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=1175572","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed1e37fea5b3eb0524f8e","date":"2024-06-29T16:00:00.000Z","stockId":3000000016596,"sao":"2024上半年，国内经济坚持高质量发展，处于新旧动能切换的过渡期，经济继续面临下行压力。上半年地产政策陆续出台，二手房成交有所放量，但地产投资仍处于下行周期，对经济拖累较大，基建有所支撑，消费数据疲弱，出口相对表现较好。　　货币政策方面，央行连续降准降息，流动性维持相对宽松局面，实体经济融资需求相对疲弱，债券市场资金充裕，配置需求旺盛。债券收益率整体震荡下行，信用利差持续压缩。　　二季度规模增长较快，配置节奏上较为积极，小幅拉长了组合久期，持仓依然以中短久期高等级信用债为主，增加了存单和中票配置比例，降低了短融配置比例。","declarationDate":"2024-07-18T16:00:00.000Z","lastUpdated":"2026-03-09T13:57:55.149Z","mo":"当前处在经济向高质量发展转型的关键时点，房地产等传统产业下行速度较快，而新质生产力尚处于培育阶段，因此终端需求不足的局面可能仍将延续一段时间。　　下半年经济增长仍面临一定压力，托底政策可能继续发力。一方面关注商品房成交情况、库存去化进程，但需注意的是，地产长期定位已发生变化，政策着力点可能更在于防范风险；另一方面，政府债券发行进度可能加快，推动项目落地。下半年外围环境可能较为复杂，美联储降息进程将会对全球资本市场带来扰动，美国等政府换届可能带来贸易环境的边际变化。　　由于经济转型期实体经济增长动能不强，货币环境宽松局面难改，债券市场整体风险不大，但下半年市场影响因素较多，关注国内政策节奏及国外环境等扰动因素。","fund":{"_id":3000000016596,"__csrcFundId":11727,"stockCode":"016596","shortName":"民生加银月月乐30天持有期短债(016596)","masterFundShortName":"民生加银月月乐30天持有期短债","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":16596,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-01T01:07:34.720Z","status":"normal","exchange":"jj","fundCollectionId":4000050610000,"name":"民生加银月月乐30天持有期短债债券型证券投资基金","followedNum":0,"inceptionDate":"2022-09-19T16:00:00.000Z","setUpDate":"2022-09-19T16:00:00.000Z","setUpAssetScale":40552563.21,"setUpShares":40552563.21,"pinyin":"msjyyyl30tcyqdzzqxzqtzjj","managers":[{"stockCode":"db20061380","stockType":"fund_manager","exchange":"fm","tickerId":242608100110,"name":"谢志华"},{"stockCode":"db20883314","stockType":"fund_manager","exchange":"fm","tickerId":262510230120,"name":"郑雅洁"}]},"announcement":{"linkText":"民生加银月月乐30天持有期短债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=1147648","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed1e37fea5b3eb0524f8d","date":"2024-03-30T16:00:00.000Z","stockId":3000000016596,"sao":"2024年一季度，国内经济仍处在弱复苏阶段。出口等方向相对较好，但地产仍无明显起色，对投资形成拖累。货币政策整体维持稳健宽松，一季度央行降准降息，银行间市场资金面较为平稳。　　债券市场配置需求旺盛。1、2月债券收益率大幅下行，长端下行较多，收益率曲线平坦化。3月份干扰因素增多，债市转为震荡。　　本报告期内，本组合配置继续以中短久期信用债为主，维持了较高杠杆比例，并进行了波段操作。","declarationDate":"2024-04-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:57:55.143Z","fund":{"_id":3000000016596,"__csrcFundId":11727,"stockCode":"016596","shortName":"民生加银月月乐30天持有期短债(016596)","masterFundShortName":"民生加银月月乐30天持有期短债","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":16596,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-01T01:07:34.720Z","status":"normal","exchange":"jj","fundCollectionId":4000050610000,"name":"民生加银月月乐30天持有期短债债券型证券投资基金","followedNum":0,"inceptionDate":"2022-09-19T16:00:00.000Z","setUpDate":"2022-09-19T16:00:00.000Z","setUpAssetScale":40552563.21,"setUpShares":40552563.21,"pinyin":"msjyyyl30tcyqdzzqxzqtzjj","managers":[{"stockCode":"db20061380","stockType":"fund_manager","exchange":"fm","tickerId":242608100110,"name":"谢志华"},{"stockCode":"db20883314","stockType":"fund_manager","exchange":"fm","tickerId":262510230120,"name":"郑雅洁"}]},"announcement":{"linkText":"民生加银月月乐30天持有期短债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=1071407","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed1e37fea5b3eb0524f8c","date":"2023-12-30T16:00:00.000Z","stockId":3000000016596,"sao":"（1）市场回顾　　2023年，国内外形势复杂多变。国内经济坚持高质量发展，处于新旧动能切换的过渡期，经济增速有所放缓。地产处于下行周期，对投资拖累较大，基建有所支撑，制造业也体现一定韧性。消费数据相对不强，物价方面整体下行。　　货币政策方面，央行多次降准降息，流动性全年维持相对宽松局面，实体经济融资需求相对疲弱，债券市场资金充裕，配置需求旺盛。债市除在年初有所调整外，全年震荡下行，期限利差和信用利差均大幅压缩。　　（2）操作回顾　　组合全年以中短久期信用债配置为主，维持了较高杠杆比例，并进行了波段操作。根据市场和负债端变化，灵活调整组合杠杆率、久期和资产类别占比，在保证流动性和安全性的前提下，实现了较为稳健的收益。","declarationDate":"2024-01-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:57:55.139Z","mo":"当前处在经济向高质量发展转型的关键时点，房地产等传统产业下行速度较快，而先进制造等新兴行业尚需时间培育，体量难以弥补传统产业留下的缺口，因此整体需求不足的情况可能仍将延续一段时间。　　在此阶段，政策有一定程度上托底的必要性，以防经济过快下行脱离有序发展的轨道，货币政策可能仍将维持相对宽松，以降低实体经济融资成本，另一方面，总量政策可能不会回归传统模式，但结构性政策应是可以期待的。　　由于实体经济增长动能不强，而货币宽松局面难改，但由于收益率已处于相对低位，市场波动可能加大，关注国内政策节奏及国外环境等扰动因素。","fund":{"_id":3000000016596,"__csrcFundId":11727,"stockCode":"016596","shortName":"民生加银月月乐30天持有期短债(016596)","masterFundShortName":"民生加银月月乐30天持有期短债","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":16596,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-01T01:07:34.720Z","status":"normal","exchange":"jj","fundCollectionId":4000050610000,"name":"民生加银月月乐30天持有期短债债券型证券投资基金","followedNum":0,"inceptionDate":"2022-09-19T16:00:00.000Z","setUpDate":"2022-09-19T16:00:00.000Z","setUpAssetScale":40552563.21,"setUpShares":40552563.21,"pinyin":"msjyyyl30tcyqdzzqxzqtzjj","managers":[{"stockCode":"db20061380","stockType":"fund_manager","exchange":"fm","tickerId":242608100110,"name":"谢志华"},{"stockCode":"db20883314","stockType":"fund_manager","exchange":"fm","tickerId":262510230120,"name":"郑雅洁"}]},"announcement":{"linkText":"民生加银月月乐30天持有期短债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=1054051","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed1e37fea5b3eb0524f8b","date":"2023-09-29T16:00:00.000Z","stockId":3000000016596,"sao":"2023年三季度，国内经济下滑趋势环比有所趋缓，7月份政治局会议后，经济维稳预期明显增强，地产政策持续放松。货币政策方面，央行连续进行了降息降准操作，呵护实体经济意图明显。资金利率受汇率等因素影响有所抬升。债券市场利率受经济稳定政策影响，小幅震荡上行。后续观察政策持续性及落地效果。　　本报告期内，本组合维持了较高债券配置比例，运用了较高杠杆，以中短久期信用债为基本配置，并进行了债券的波段操作，减少了金融债配置比例，增加了短融配置比例。","declarationDate":"2023-10-24T16:00:00.000Z","lastUpdated":"2026-03-09T13:57:55.131Z","fund":{"_id":3000000016596,"__csrcFundId":11727,"stockCode":"016596","shortName":"民生加银月月乐30天持有期短债(016596)","masterFundShortName":"民生加银月月乐30天持有期短债","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":16596,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-01T01:07:34.720Z","status":"normal","exchange":"jj","fundCollectionId":4000050610000,"name":"民生加银月月乐30天持有期短债债券型证券投资基金","followedNum":0,"inceptionDate":"2022-09-19T16:00:00.000Z","setUpDate":"2022-09-19T16:00:00.000Z","setUpAssetScale":40552563.21,"setUpShares":40552563.21,"pinyin":"msjyyyl30tcyqdzzqxzqtzjj","managers":[{"stockCode":"db20061380","stockType":"fund_manager","exchange":"fm","tickerId":242608100110,"name":"谢志华"},{"stockCode":"db20883314","stockType":"fund_manager","exchange":"fm","tickerId":262510230120,"name":"郑雅洁"}]},"announcement":{"linkText":"民生加银月月乐30天持有期短债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=988085","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed1e37fea5b3eb0524f8a","date":"2023-06-29T16:00:00.000Z","stockId":3000000016596,"sao":"2023年上半年，国内经济弱复苏，但复苏动能边际递减。地产处于下行周期，对投资拖累较大，基建有所支撑，制造业也体现一定韧性。受基数及防疫政策调整影响，出行链条活跃，消费有所恢复。出口受国外经济环境等因素影响，先上后下。物价方面整体下行。　　货币政策方面，央行分别于3月和6月降准降息，流动性上半年维持相对宽松局面，而实体经济仍缺乏加杠杆主体，融资需求相对疲弱，剩余流动性给债市提供了充足资金。上半年债券市场收益率整体下行。　　上半年组合减少了短融配置比例，增加了金融债和高等级中票配置比例，并进行了波段操作。","declarationDate":"2023-07-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:57:55.128Z","mo":"当前处在经济向高质量发展转型的关键时点，房地产等传统产业下行速度较快，而先进制造等新兴行业尚需时间培育，体量难以弥补传统产业留下的缺口，因此整体需求不足的情况可能仍将延续一段时间。　　在此阶段，政策有一定程度上托底的必要性，以防经济过快下行脱离有序发展的轨道，一方面，货币政策可能仍将维持相对宽松，以降低实体经济融资成本，另一方面，总量政策可能不会回归传统模式，但结构性政策应是可以期待的，特别是科技创新、先进制造等符合高质量发展方向，可能获得政策倾斜。　　由于实体经济增长动能不强，而货币宽松局面难改，预计债券市场调整风险不大，但由于收益率已处于相对低位，下半年政策节奏等因素可能给市场带来一定扰动，整体或以震荡为主。　　感谢持有人对我们的信任，本基金将在严格控制风险的基础上，力争实现产品的稳健增值。","fund":{"_id":3000000016596,"__csrcFundId":11727,"stockCode":"016596","shortName":"民生加银月月乐30天持有期短债(016596)","masterFundShortName":"民生加银月月乐30天持有期短债","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":16596,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-01T01:07:34.720Z","status":"normal","exchange":"jj","fundCollectionId":4000050610000,"name":"民生加银月月乐30天持有期短债债券型证券投资基金","followedNum":0,"inceptionDate":"2022-09-19T16:00:00.000Z","setUpDate":"2022-09-19T16:00:00.000Z","setUpAssetScale":40552563.21,"setUpShares":40552563.21,"pinyin":"msjyyyl30tcyqdzzqxzqtzjj","managers":[{"stockCode":"db20061380","stockType":"fund_manager","exchange":"fm","tickerId":242608100110,"name":"谢志华"},{"stockCode":"db20883314","stockType":"fund_manager","exchange":"fm","tickerId":262510230120,"name":"郑雅洁"}]},"announcement":{"linkText":"民生加银月月乐30天持有期短债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=956907","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed1e37fea5b3eb0524f89","date":"2023-03-30T16:00:00.000Z","stockId":3000000016596,"sao":"2023年一季度，国内经济呈现复苏态势，出行与线下消费恢复迅速，耐用品消费复苏相对偏弱。地产有所回暖，二手房成交活跃。海外方面，硅谷银行等危机给金融市场带来一定扰动。货币政策方面，央行进行了降准操作，公开市场投放也较充裕，市场配置需求旺盛，收益率震荡下行，中高等级信用债表现相对较好。　　本报告期内，本组合保持了一定杠杆，增加了企业债和存单配置比例，减少了金融债配置比例。","declarationDate":"2023-04-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:57:55.121Z","fund":{"_id":3000000016596,"__csrcFundId":11727,"stockCode":"016596","shortName":"民生加银月月乐30天持有期短债(016596)","masterFundShortName":"民生加银月月乐30天持有期短债","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":16596,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-01T01:07:34.720Z","status":"normal","exchange":"jj","fundCollectionId":4000050610000,"name":"民生加银月月乐30天持有期短债债券型证券投资基金","followedNum":0,"inceptionDate":"2022-09-19T16:00:00.000Z","setUpDate":"2022-09-19T16:00:00.000Z","setUpAssetScale":40552563.21,"setUpShares":40552563.21,"pinyin":"msjyyyl30tcyqdzzqxzqtzjj","managers":[{"stockCode":"db20061380","stockType":"fund_manager","exchange":"fm","tickerId":242608100110,"name":"谢志华"},{"stockCode":"db20883314","stockType":"fund_manager","exchange":"fm","tickerId":262510230120,"name":"郑雅洁"}]},"announcement":{"linkText":"民生加银月月乐30天持有期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=882054","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed1e37fea5b3eb0524f88","date":"2022-12-30T16:00:00.000Z","stockId":3000000016596,"sao":"（1）市场回顾　　2022年是内外部环境错综复杂的一年。中美经济周期错位，海外通胀飙升，美联储大幅加息，给全球资本市场带来较大冲击。国内方面，宏观经济面临“供给冲击、需求收缩、预期减弱”三重压力，全年表现低迷。疫情长期持续影响了消费场景及消费者信心，终端需求疲弱。地产在多重因素影响下快速出清，投资增速下滑。直至四季度中期，疫情防控政策调整，地产政策加码，“三支箭”出台，市场预期才有较大扭转。　　货币政策方面，央行多次降准及调降MLF利率，流动性全年维持相对宽松局面，而实体经济缺乏加杠杆主体，融资需求疲弱，社融持续保持低位，剩余流动性给债市提供了充足资金。　　前三季度，虽然受稳增长预期等因素影响，债券市场时有波动，但疲弱的基本面与充裕的流动性是市场的主导因素，收益率震荡下行，信用利差也被压缩至历史低位。四季度中期，疫情防控政策调整，地产政策加码，经济触底反弹预期急剧升温。债市随之出现大幅调整，收益率快速上行，信用利差扩大。而债市的调整导致银行理财产品净值波动，从而引发大面积赎回，形成负反馈，进一步放大了调整的压力。年末央行流动性呵护，市场暂时有所企稳。　　（2）操作回顾　　本组合9月份成立，前期控制了建仓节奏，11月债市调整后逐步加大了建仓力度，并运用了杠杆策略，配置品种以中短端高等级信用债为主。","declarationDate":"2023-01-19T16:00:00.000Z","lastUpdated":"2026-03-09T13:57:55.088Z","mo":"展望2023年，国内外经济形势可能出现一定程度的逆转。海外经济衰退风险上升，美联储加息周期结束。但在逆全球化背景下，全球产业链重构进程，摩擦成本上升，中长期通胀的底部可能抬升。　　国内方面，经济最困难的时期可能正在过去。一是疫情防控政策调整对于经济的正面影响将逐渐显现。生产与生活秩序的正常化，消费场景的恢复，乃至居民对于疫情态度的转变，终端消费一定程度上向中枢的自然回归是可以期待的。二是房地产行业政策已发生明显转向，政策环境继续向好，行业本身经历了快速的调整，短期风险得到了较充分释放，政策持续发力下，行业有望迎来修复阶段。三是全国两会的召开，对于稳增长的重视程度有望提高，各方面政策容易形成合力。　　货币政策方面，仍然需要一个稳定的货币环境为经济保驾护航，但政策的重心在于精准发力，注重流动性向实体经济的引导，因此剩余流动性增量可能有限。　　展望2023年，在经济复苏的背景下，债券市场可能仍面临一定压力，尤其在政策密集出台，又难以证伪的前期阶段。后期随着市场预期的充分释放，以及收益率的调整，可能再度出现阶段性机会。同时需密切关注银行理财负债端的稳定性，虽然近期有所缓解，但中长期稳定性仍是隐忧，对于中长期信用债及低流动性资产可能带来较长期影响。　　感谢持有人对我们的信任，本基金将在严格控制风险的基础上，努力实现产品的稳健增值。","fund":{"_id":3000000016596,"__csrcFundId":11727,"stockCode":"016596","shortName":"民生加银月月乐30天持有期短债(016596)","masterFundShortName":"民生加银月月乐30天持有期短债","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":16596,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-01T01:07:34.720Z","status":"normal","exchange":"jj","fundCollectionId":4000050610000,"name":"民生加银月月乐30天持有期短债债券型证券投资基金","followedNum":0,"inceptionDate":"2022-09-19T16:00:00.000Z","setUpDate":"2022-09-19T16:00:00.000Z","setUpAssetScale":40552563.21,"setUpShares":40552563.21,"pinyin":"msjyyyl30tcyqdzzqxzqtzjj","managers":[{"stockCode":"db20061380","stockType":"fund_manager","exchange":"fm","tickerId":242608100110,"name":"谢志华"},{"stockCode":"db20883314","stockType":"fund_manager","exchange":"fm","tickerId":262510230120,"name":"郑雅洁"}]},"announcement":{"linkText":"民生加银月月乐30天持有期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=865889","linkType":"PDF","source":"csrc_pdf"}}]}