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declarationDate":"2024-10-24T16:00:00.000Z","lastUpdated":"2026-03-09T13:58:25.103Z","fund":{"_id":3000000016838,"__csrcFundId":11974,"stockCode":"016838","shortName":"国新国证鑫颐中短债(016838)","masterFundShortName":"国新国证鑫颐中短债","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":16838,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-01T01:16:00.121Z","status":"normal","exchange":"jj","fundCollectionId":4000051350000,"name":"国新国证鑫颐中短债债券型证券投资基金","inceptionDate":"2022-12-06T16:00:00.000Z","setUpDate":"2022-12-06T16:00:00.000Z","setUpAssetScale":75391915.93,"setUpShares":75391915.93,"pinyin":"gxgzxyzdzzqxzqtzjj","managers":[{"stockCode":"8801444010","stockType":"fund_manager","exchange":"fm","tickerId":191017226260,"name":"桑劲乔"}]},"announcement":{"linkText":"国新国证鑫颐中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=1177703","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed2017fea5b3eb0526ff6","date":"2024-06-29T16:00:00.000Z","stockId":3000000016838,"sao":"报告期内，经济维持弱复苏的局面，GDP同比增速达到了5%，但平减指数为-0.89%，指向经济面临有效需求不足的问题。具体来看，房地产投资增速跌幅逐月扩大，社会消费品零售总额同比增速低位徘徊，CPI同比连续6个月在0附近，PPI同比连续6个月为负。金融数据方面，M2-M1剪刀差呈走扩趋势，居民和企业信贷需求不强，存款维持高增长。货币政策方面，央行进行了0.5个百分点的降准， LPR利率下调25个基点，流动性维持合理宽松的局面。财政政策方面，赤字率按3%安排、新增一万亿特别国债没有超市场预期，后续3.9万亿地方政府专项债发行缓慢。在实体经济疲软、政府债券供给不及预期、货币政策较为积极的大背景下，广谱利率整体下行。本基金坚持稳健的操作思路，在保证流动性充裕以及资产安全性的基础上，本基金将尽可能的提高组合的收益率。报告期内，本基金以利率债投资交易为主要工作。总体来看，本基金净值运行平稳。","declarationDate":"2024-07-18T16:00:00.000Z","lastUpdated":"2026-03-09T13:58:25.100Z","mo":"展望下半年，偏通缩的经济环境预计将延续，经济增长完成5%的目标需要更有力度政策地出台，政府稳增长的压力依然很大。房地产行业下行的趋势短期难以逆转，出口面临不确定性，基础设施建设投资在政策支持下或能保持一定程度的增长，居民在经济压力面前或难有大幅消费的意愿。受制于近期走弱的就业和通胀数据，美联储或在下半年进行降息操作，这也将为国内货币政策打开空间，降准及降息等货币政策工具都有落地的可能。后续需关注政府债券加速供给对债市造成的冲击，债市整体面临的压力不大。后续本基金将密切关注基本面、政策面、资金面的变化情况，积极做好流动性风险和利率风险管理工作，根据市场情况灵活调整组合的杠杆率及组合久期。","fund":{"_id":3000000016838,"__csrcFundId":11974,"stockCode":"016838","shortName":"国新国证鑫颐中短债(016838)","masterFundShortName":"国新国证鑫颐中短债","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":16838,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-01T01:16:00.121Z","status":"normal","exchange":"jj","fundCollectionId":4000051350000,"name":"国新国证鑫颐中短债债券型证券投资基金","inceptionDate":"2022-12-06T16:00:00.000Z","setUpDate":"2022-12-06T16:00:00.000Z","setUpAssetScale":75391915.93,"setUpShares":75391915.93,"pinyin":"gxgzxyzdzzqxzqtzjj","managers":[{"stockCode":"8801444010","stockType":"fund_manager","exchange":"fm","tickerId":191017226260,"name":"桑劲乔"}]},"announcement":{"linkText":"国新国证鑫颐中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=1149619","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed2017fea5b3eb0526ff5","date":"2024-03-30T16:00:00.000Z","stockId":3000000016838,"sao":"2024年一季度，国内经济在生产端恢复较快，具体表现在工业增加值、PMI生产分项等指标；然而，国内经济依然面临有效需求不足的问题，具体表现在CPI在0附近、PPI连续负增长、居民按揭贷款增长低迷等方面。货币需求方面，报告期内地方政府债发行较为缓慢、国债净融资规模较去年同期增加不多、信贷增长乏力。货币供给方面，汇率对央行放松银根的制约有所减弱，央行下调5年期LPR利率25个基点，也进行了0.5个百分点的降准，资金供给较为充足。在实体经济疲软、政府债券供给缩量、货币政策较为积极的大背景下，广谱利率整体下行。报告期内，本基金坚持稳健的操作思路，在保证流动性充裕以及资产安全性的基础上，本基金将尽可能地提高组合的收益率。","declarationDate":"2024-04-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:58:25.097Z","fund":{"_id":3000000016838,"__csrcFundId":11974,"stockCode":"016838","shortName":"国新国证鑫颐中短债(016838)","masterFundShortName":"国新国证鑫颐中短债","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":16838,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-01T01:16:00.121Z","status":"normal","exchange":"jj","fundCollectionId":4000051350000,"name":"国新国证鑫颐中短债债券型证券投资基金","inceptionDate":"2022-12-06T16:00:00.000Z","setUpDate":"2022-12-06T16:00:00.000Z","setUpAssetScale":75391915.93,"setUpShares":75391915.93,"pinyin":"gxgzxyzdzzqxzqtzjj","managers":[{"stockCode":"8801444010","stockType":"fund_manager","exchange":"fm","tickerId":191017226260,"name":"桑劲乔"}]},"announcement":{"linkText":"国新国证鑫颐中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=1073749","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed2017fea5b3eb0526ff4","date":"2023-12-30T16:00:00.000Z","stockId":3000000016838,"sao":"报告期内，债券市场收益率呈现M型走势。年初伴随着疫情的放开、稳增长措施的陆续出台以及信贷的大规模投放，实体经济在供需两端均出现了一定程度的修复，资本市场对经济向好的预期有所升温，市场风险偏好有所上升，债券市场收益率呈现上行的趋势。进入3月份后，由于物价萎靡、房价下跌、股市赚钱效应不强、民间固定资产投资增速持续转弱等原因，资本市场对于债券的配置需求有所增强，叠加政府债券供给并没有大幅度上量以及央行分两次累计下调MLF利率25bp等原因，债券收益率呈现下行的走势。8月中旬以后，在房地产限购政策放松、万亿特别国债发行、地方政府特殊再融资债券发行、资金利率中枢上移等因素的制约下，债券市场收益率开启一段震荡上行的路径。进入12月份以后，在中央经济工作会议落地、存款利率下调、央行加大公开市场投放规模等利好因素的助推下，收益率震荡下行。        报告期内，本基金坚持稳健的操作思路，在保证流动性充裕以及资产安全性的基础上，本基金将尽可能的提高组合的收益率。报告期内，本基金以利率债投资交易为主要工作，并开展了部分信用债投资，净值实现了一定程度的增长。","declarationDate":"2024-01-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:58:25.094Z","mo":"2024年在房地产下行、地方政府债务风险化解、出口转链、预期转弱等因素的制约下，政府稳增长的压力依然很大。货币政策方面，预计央行仍将维持市场流动性合理充裕，并注重做好在月底、年末以及政府债券集中供给等时点的流动性对冲工作。财政政策方面，预计中央政府适度发力，原则上不会创造大规模的政府债券供给，但预期全年赤字率水平会根据经济发展状况相机调整，有可能对市场造成冲击。预计收益率曲线将整体下移，在流动性水平合理充裕基调的制约下，预计长端品种表现要比短端品种好。同时，预计关键期限品种收益率波动有所加大，机构投资者应该做好止盈止损工作。        后续本基金将密切关注基本面、政策面、资金面的变化情况，积极做好风险管理工作，根据市场情况灵活调整组合的久期、杠杆率以及各品种资产风险敞口。","fund":{"_id":3000000016838,"__csrcFundId":11974,"stockCode":"016838","shortName":"国新国证鑫颐中短债(016838)","masterFundShortName":"国新国证鑫颐中短债","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":16838,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-01T01:16:00.121Z","status":"normal","exchange":"jj","fundCollectionId":4000051350000,"name":"国新国证鑫颐中短债债券型证券投资基金","inceptionDate":"2022-12-06T16:00:00.000Z","setUpDate":"2022-12-06T16:00:00.000Z","setUpAssetScale":75391915.93,"setUpShares":75391915.93,"pinyin":"gxgzxyzdzzqxzqtzjj","managers":[{"stockCode":"8801444010","stockType":"fund_manager","exchange":"fm","tickerId":191017226260,"name":"桑劲乔"}]},"announcement":{"linkText":"国新国证鑫颐中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=1058833","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed2017fea5b3eb0526ff3","date":"2023-09-29T16:00:00.000Z","stockId":3000000016838,"sao":"报告期内，经济基本面在8月触底反弹，物价、规模以上工业企业利润、出口、投资、消费、工业增加值等指标均有所改善。同时，认房不认贷、降低存量房贷利率、降低首套房贷款利率、提高个税专项附加扣除等政策均提高投资者对后续经济增长预期，长债收益率开始向上调整，10年期国债收益率在8月降息后上行接近13.5BP。国债、地方债发行加速，商业银行9月增加信贷投放，央行表态防止资金空转以及季末MPA考核等因素导致资金面大幅收紧，受资金面影响较大的3年期国债收益率自8月中旬降息后向上调整近17.7BP。整体来看，国债收益率曲线在报告期内经历了先下后上两个阶段，8月中旬之前在经济增速下降、流动性宽松等因素的影响下，收益率呈现震荡下行趋势；8月中旬以后，伴随着经济基本面拐点的出现、稳增长政策的陆续推出以及资金面的大幅收紧，收益率开始震荡上行。       报告期内，本基金坚持稳健的操作思路，在保证流动性充裕以及资产安全性的基础上，本基金将尽可能的提高组合的收益率。报告期内，本基金以利率债投资交易为主要工作，净值实现了一定程度的增长。","declarationDate":"2023-10-24T16:00:00.000Z","lastUpdated":"2026-03-09T13:58:25.092Z","fund":{"_id":3000000016838,"__csrcFundId":11974,"stockCode":"016838","shortName":"国新国证鑫颐中短债(016838)","masterFundShortName":"国新国证鑫颐中短债","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":16838,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-01T01:16:00.121Z","status":"normal","exchange":"jj","fundCollectionId":4000051350000,"name":"国新国证鑫颐中短债债券型证券投资基金","inceptionDate":"2022-12-06T16:00:00.000Z","setUpDate":"2022-12-06T16:00:00.000Z","setUpAssetScale":75391915.93,"setUpShares":75391915.93,"pinyin":"gxgzxyzdzzqxzqtzjj","managers":[{"stockCode":"8801444010","stockType":"fund_manager","exchange":"fm","tickerId":191017226260,"name":"桑劲乔"}]},"announcement":{"linkText":"国新国证鑫颐中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=991508","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed2017fea5b3eb0526ff2","date":"2023-06-29T16:00:00.000Z","stockId":3000000016838,"sao":"报告期内，债市收益率呈现先上后下的态势。年初随着疫情管控的放开、稳增长措施的出台、房地产政策的优化以及信贷的大规模投放，实体经济在供需两端均出现了边际的改善，但复苏的强度较弱。资本市场方面，资金利率震荡向上，股市走势较强，债市受到压制。随着政策效应的退潮，以及高频宏观数据对经济弱复苏的验证，大类资产走势的逻辑开始发生反转。债券收益率在一季度末开始下行，股市在同时期开始迎来下跌，存单收益率在降准的影响下开始快速下降。进入二季度以后，债市的走势更加顺畅。CPI、PPI环比持续下跌，社融及M2增速下行，房地产投资、销售继续走弱，经济基本面走弱背景下债市收益率持续下行。报告期内，本基金坚持稳健的操作思路，在保证流动性充裕以及资产安全性的基础上，本基金将尽可能的提高组合的收益率。报告期内，本基金以利率债投资交易为主要工作。总体来看，本基金净值运行平稳。","declarationDate":"2023-07-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:58:25.089Z","mo":"展望下半年，宏观经济基本面仍然面临下行的压力，资本市场对于稳增长政策的出台仍有一定的预期。出口增速从5月份开始进入负增长区间，房地产进入下行周期，制造业及基础设施建设投资在政策支持下或能保持一定程度的增长，居民在经济压力面前或难有大幅消费的意愿。商业银行存款利率仍有下调的动力，降准及降息等货币政策工具仍有使用的空间，居高不下的美债利率以及偏弱的宏观基本面仍将制约股市的表现，债市整体面临的压力不大。后续本基金将密切关注基本面、政策面、资金面的变化情况，积极做好流动性风险管理、利率风险管理工作，根据市场情况灵活调整组合的杠杆率及风险敞口。","fund":{"_id":3000000016838,"__csrcFundId":11974,"stockCode":"016838","shortName":"国新国证鑫颐中短债(016838)","masterFundShortName":"国新国证鑫颐中短债","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":16838,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-01T01:16:00.121Z","status":"normal","exchange":"jj","fundCollectionId":4000051350000,"name":"国新国证鑫颐中短债债券型证券投资基金","inceptionDate":"2022-12-06T16:00:00.000Z","setUpDate":"2022-12-06T16:00:00.000Z","setUpAssetScale":75391915.93,"setUpShares":75391915.93,"pinyin":"gxgzxyzdzzqxzqtzjj","managers":[{"stockCode":"8801444010","stockType":"fund_manager","exchange":"fm","tickerId":191017226260,"name":"桑劲乔"}]},"announcement":{"linkText":"国新国证鑫颐中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=965070","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed2017fea5b3eb0526ff1","date":"2023-03-30T16:00:00.000Z","stockId":3000000016838,"sao":"报告期内，随着疫情的放开、稳增长措施的陆续出台以及信贷的大规模投放，实体经济在供需两端均出现了一定程度的修复。但是，我们也观察到，物价数据持续走弱、工业企业利润总额同比大幅负增、存款余额增长较快、股指增长幅度有限，这共同反映出经济复苏程度相对较弱、资本市场风险偏好不强，所以无风险利率没有持续上行的风险，无风险利率呈现出先上后下的运行轨迹。信用利差方面，经济的弱复苏叠加各行业产业政策的出台，共同带来了信用利差的快速压缩。总体来看，报告期内信用债表现好于利率债。同业存单利率方面，受到期规模大以及信贷投放量多两方面影响，同业存单利率在3月初达到高点，后随着信贷投放的放缓，叠加储蓄需求较高，商业银行负债端压力有所缓解，存单利率开始下滑。报告期内，本基金坚持稳健的操作思路。流动性风险管理方面，本基金配置一定比例的短期逆回购以及短期国债，能够有效应对份额持有人的赎回；信用风险管理方面，本基金按照公司信用风险管控的要求，精选中高等级个券；利率风险管理方面，本基金通过跟踪高频经济指标、研判官方月度经济数据，灵活伸缩久期。","declarationDate":"2023-04-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:58:25.086Z","fund":{"_id":3000000016838,"__csrcFundId":11974,"stockCode":"016838","shortName":"国新国证鑫颐中短债(016838)","masterFundShortName":"国新国证鑫颐中短债","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":16838,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-01T01:16:00.121Z","status":"normal","exchange":"jj","fundCollectionId":4000051350000,"name":"国新国证鑫颐中短债债券型证券投资基金","inceptionDate":"2022-12-06T16:00:00.000Z","setUpDate":"2022-12-06T16:00:00.000Z","setUpAssetScale":75391915.93,"setUpShares":75391915.93,"pinyin":"gxgzxyzdzzqxzqtzjj","managers":[{"stockCode":"8801444010","stockType":"fund_manager","exchange":"fm","tickerId":191017226260,"name":"桑劲乔"}]},"announcement":{"linkText":"国新国证鑫颐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=889293","linkType":"PDF","source":"csrc_pdf"}}]}