window.pageData = {"stock":{"_id":3000000017498,"stockCode":"017498","shortName":"淳厚添益债券A","masterFundShortName":"淳厚添益债券","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":17498,"currency":"CNY","masterFundFlag":1,"status":"normal","exchange":"jj","fundCollectionId":4000051860000,"name":"淳厚添益增强债券型证券投资基金","inceptionDate":"2023-04-25T16:00:00.000Z","setUpDate":"2023-04-25T16:00:00.000Z","setUpAssetScale":159274800.65,"setUpShares":159274800.65,"pinyin":"chtyzqzqxzqtzjj","followedNum":1,"fundCollection":{"exchange":"jjgs","stockType":"fund_collection","stockCode":"51860000","tickerId":51860000,"name":"淳厚基金管理有限公司"},"managers":[{"name":"江文军","stockType":"fund_manager","stockCode":"db20702172","exchange":"fm","tickerId":102310207380},{"name":"陈文","stockType":"fund_manager","stockCode":"db20747429","exchange":"fm","tickerId":323201860}],"hotMetrics":{"fss":{"stockId":3000000017498,"type":"fss","f_s_s_d":"2024-06-29T16:00:00.000Z","f_ins_h_s_r":0.2636,"f_ind_h_s_r":0.7364,"f_h_a":409,"f_h_s_a":5610,"f_ind_h_s_r_c_hy":-0.2279,"f_ins_h_s_r_c_hy":0.2279,"f_ind_h_s_r_c_1y":0.07140000000000002,"f_ins_h_s_r_c_1y":-0.07140000000000002,"last_data_date":"2025-06-29T16:00:00.000Z"},"fpr":{"stockId":3000000017498,"type":"fpr","f_p_r_fys_ssc":7441,"f_p_r_fys_ssrp":0.012634408602150538,"f_p_r_m1_ssc":7663,"f_p_r_m1_ssrp":0.011224223440355,"f_p_r_m3_ssc":7563,"f_p_r_m3_ssrp":0.017852419994710395,"f_p_r_m6_ssc":7438,"f_p_r_m6_ssrp":0.012639505176818609,"f_p_r_y1_ssc":6976,"f_p_r_y1_ssrp":0.016057347670250896,"f_cagr_p_r_fs_ssc":7370,"f_cagr_p_r_fs_ssrp":0.018184285520423397,"f_p_r_y2_ssc":6060,"f_p_r_y2_ssrp":0.02475656048852946,"f_p_r_y3_ssc":4997,"f_p_r_y3_ssrp":0.012409927942353884},"fp":{"stockId":3000000017498,"type":"fp","f_cagr_p_r_fs":0.0984767635943753,"f_p_r_d1":-0.0017089404569164968,"f_p_r_m1":0.024151287309182035,"f_p_r_m3":0.08443908323281057,"f_p_r_m6":0.10878145041933895,"f_p_r_fys":0.10878145041933895,"f_p_r_y1":0.19537275064267345,"last_data_date":"2026-07-01T16:00:00.000Z","f_p_r_y2":0.28612303290414887,"f_p_r_y3":0.3396582555136103,"f_i_d":"2023-04-25T16:00:00.000Z"},"ff":{"stockId":3000000017498,"type":"ff","f_m_f":363600,"f_m_f_r":0.007,"f_c_f":51942,"f_c_f_r":0.001,"f_m_a_c_f":415542,"f_m_a_c_f_r":0.008,"f_m_c_f_d":"2024-06-29T16:00:00.000Z","f_c_fr":0.001,"f_fr_d":"2026-04-17T16:00:00.000Z","f_m_fr":0.007,"f_mac_fr":0.008},"f_nlacan":{"stockId":3000000017498,"type":"f_nlacan","f_nv_d":"2026-07-01T16:00:00.000Z","f_nv":1.3485,"f_nv_cr":-0.008820286659316445},"f_as":{"stockId":3000000017498,"type":"f_as","f_tas":74453832.4288,"f_tas_d":"2026-03-30T16:00:00.000Z"}},"masterSlaveFunds":[{"_id":3000000017499,"name":"淳厚添益增强债券型证券投资基金","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","status":"normal","stockCode":"017499","tickerId":17499,"shortName":"淳厚添益债券C","currency":"CNY","__csrcFundId":12533,"exchange":"jj","lastUpdated":"2025-01-04T00:32:22.386Z","fundCollectionId":4000051860000,"inceptionDate":"2023-04-25T16:00:00.000Z","setUpDate":"2023-04-25T16:00:00.000Z","setUpAssetScale":106338903.71,"setUpShares":106338903.71,"masterFundFlag":null,"activeFundFlag":null,"classificationFlag":null,"closedEnd":null,"etfFundFlag":null,"feederFundFlag":null,"indexFundFlag":null,"lofFundFlag":null,"pensionTargetFlag":null,"pinyin":"chtyzqzqxzqtzjj"}],"shareholdings":[{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-20T16:00:00.000Z","fundId":3000000017498,"stockId":300750,"holdings":3200,"marketCap":1285440,"netValueRatio":0.0103,"quarterlyChange":0.09377552687469404,"stock":{"stockCode":"300750","exchange":"sz","stockType":"company","tickerId":300750,"name":"宁德时代"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-20T16:00:00.000Z","fundId":3000000017498,"stockId":408,"holdings":15500,"marketCap":1228685,"netValueRatio":0.0099,"quarterlyChange":-0.06078199052132749,"stock":{"stockCode":"000408","exchange":"sz","stockType":"company","tickerId":408,"name":"藏格矿业"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-20T16:00:00.000Z","fundId":3000000017498,"stockId":601899,"holdings":30000,"marketCap":981600,"netValueRatio":0.0079,"quarterlyChange":-0.05076878445024502,"stock":{"stockCode":"601899","exchange":"sh","stockType":"company","tickerId":601899,"name":"紫金矿业"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-20T16:00:00.000Z","fundId":3000000017498,"stockId":300502,"holdings":1400,"marketCap":619976,"netValueRatio":0.005,"quarterlyChange":0.027757148161901002,"stock":{"stockCode":"300502","exchange":"sz","stockType":"company","tickerId":300502,"name":"新易盛"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-20T16:00:00.000Z","fundId":3000000017498,"stockId":300054,"holdings":11000,"marketCap":542300,"netValueRatio":0.0044,"quarterlyChange":0.31117021276595613,"stock":{"stockCode":"300054","exchange":"sz","stockType":"company","tickerId":300054,"name":"鼎龙股份"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-20T16:00:00.000Z","fundId":3000000017498,"stockId":688625,"holdings":10000,"marketCap":531800,"netValueRatio":0.0043,"quarterlyChange":0.29077669902912673,"stock":{"stockCode":"688625","tickerId":688625,"exchange":"sh","stockType":"company","name":"呈和科技"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-20T16:00:00.000Z","fundId":3000000017498,"stockId":2738,"holdings":7000,"marketCap":520100,"netValueRatio":0.0042,"quarterlyChange":-0.05410566518141391,"stock":{"stockCode":"002738","exchange":"sz","stockType":"company","tickerId":2738,"name":"中矿资源"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-20T16:00:00.000Z","fundId":3000000017498,"stockId":300308,"holdings":900,"marketCap":512469,"netValueRatio":0.0041,"quarterlyChange":-0.06654098360655702,"stock":{"stockCode":"300308","exchange":"sz","stockType":"company","tickerId":300308,"name":"中际旭创"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-20T16:00:00.000Z","fundId":3000000017498,"stockId":688025,"holdings":2400,"marketCap":512400,"netValueRatio":0.0041,"quarterlyChange":0.5080878717242361,"stock":{"stockCode":"688025","tickerId":688025,"exchange":"sh","stockType":"company","name":"杰普特"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-20T16:00:00.000Z","fundId":3000000017498,"stockId":600522,"holdings":17000,"marketCap":511530,"netValueRatio":0.0041,"quarterlyChange":0.660596026490065,"stock":{"stockCode":"600522","exchange":"sh","stockType":"company","tickerId":600522,"name":"中天科技"}}],"bondHoldings":[{"_id":"69e7d75c6201787ae12a56a5","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-20T16:00:00.000Z","fundId":3000000017498,"stockCode":"190210","stockName":"19国开10","holdings":200000,"marketCap":21884000,"netValueRatio":0.1758,"lastUpdated":"2026-04-21T20:00:28.421Z"},{"_id":"69e7d75c6201787ae12a56a6","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-20T16:00:00.000Z","fundId":3000000017498,"stockCode":"200209","stockName":"20国开09","holdings":100000,"marketCap":10484123,"netValueRatio":0.0842,"lastUpdated":"2026-04-21T20:00:28.425Z"},{"_id":"69e7d75c6201787ae12a56a7","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-20T16:00:00.000Z","fundId":3000000017498,"stockCode":"092202005","stockName":"22国开行二级资本债01A","holdings":100000,"marketCap":10307561,"netValueRatio":0.0828,"lastUpdated":"2026-04-21T20:00:28.429Z"},{"_id":"69e7d75c6201787ae12a56a8","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-20T16:00:00.000Z","fundId":3000000017498,"stockCode":"312510006","stockName":"25中行TLAC非资本债01(BC)","holdings":100000,"marketCap":10139643,"netValueRatio":0.0815,"lastUpdated":"2026-04-21T20:00:28.432Z"},{"_id":"69e7d75c6201787ae12a56a9","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-20T16:00:00.000Z","fundId":3000000017498,"stockCode":"250423","stockName":"25农发23","holdings":100000,"marketCap":10122539,"netValueRatio":0.0813,"lastUpdated":"2026-04-21T20:00:28.435Z"}]},"list":[{"_id":"69e7d58b6201787ae129f3ef","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-20T16:00:00.000Z","stockId":3000000017498,"sao":"2026年一季度，债券市场供给压力落地，供给对市场扰动边际减弱，基本面和通胀数据逐步进入验证期，市场普遍预期二季度PPI增速提前回正。通胀预期走高叠加流动性宽松，机构扎堆采用短债票息策略，短端利率稳步下行，收益率曲线逐步走陡，后续能否沿着曲线凸点配置仍存争议。权益市场一季度先扬后抑，震荡分化。开年政策加码与AI概念持续发酵，驱动市场情绪冲高；季末受海外扰动及获利了结压力影响，指数震荡回落。整体以结构性行情为主，风险偏好逐步收敛。 本基金在报告期内采用稳健多元的投资策略，以利率债为核心，依托票息获取基础收益，辅以适度交易仓位把握波段机会；股票仓位弹性，聚焦高成长行业方向，精选具备估值性价比的成长标的，在争取超额收益的同时严控组合波动。","lastUpdated":"2026-04-21T19:52:43.467Z","fund":{"_id":3000000017498,"__csrcFundId":12533,"stockCode":"017498","shortName":"淳厚添益债券(017498)","masterFundShortName":"淳厚添益债券","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":17498,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-01T01:32:03.295Z","status":"normal","exchange":"jj","fundCollectionId":4000051860000,"name":"淳厚添益增强债券型证券投资基金","inceptionDate":"2023-04-25T16:00:00.000Z","setUpDate":"2023-04-25T16:00:00.000Z","setUpAssetScale":159274800.65,"setUpShares":159274800.65,"pinyin":"chtyzqzqxzqtzjj","followedNum":1,"managers":[{"stockCode":"db20702172","stockType":"fund_manager","exchange":"fm","tickerId":102310207380,"name":"江文军"},{"stockCode":"db20747429","stockType":"fund_manager","exchange":"fm","tickerId":323201860,"name":"陈文"}]},"announcement":{"linkText":"淳厚添益增强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=1471190","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed2497fea5b3eb052b887","date":"2025-12-30T16:00:00.000Z","declarationDate":"2026-01-20T16:00:00.000Z","stockId":3000000017498,"sao":"虽然宏观经济依然平淡，但4季度整个资本市场热度依然较高，机会丰富。本基金对持仓结构进行了一定程度的调整。此外，我们依然看好AI、出海、部分困境反转的方向。2025年四季度，债券市场收益率先下后上，收益率曲线延续陡峭化上行趋势。央行恢复公开市场购债阶段性扭转市场情绪，但在供给压力预期下，长债市场呈现缓涨急跌的态势，市场情绪维持弱势。展望后期，随着利空逐步落地，债市配置价值逐步提升。供给方面，经济工作会议指出“要继续实施更加积极的财政政策”，供给高位成为市场的一致预期，预计一季度逐步落地。需求方面，可继续关注政府债发行期限结构和银行配置空间的释放。","lastUpdated":"2026-03-09T13:59:37.303Z","fund":{"_id":3000000017498,"__csrcFundId":12533,"stockCode":"017498","shortName":"淳厚添益债券(017498)","masterFundShortName":"淳厚添益债券","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":17498,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-01T01:32:03.295Z","status":"normal","exchange":"jj","fundCollectionId":4000051860000,"name":"淳厚添益增强债券型证券投资基金","inceptionDate":"2023-04-25T16:00:00.000Z","setUpDate":"2023-04-25T16:00:00.000Z","setUpAssetScale":159274800.65,"setUpShares":159274800.65,"pinyin":"chtyzqzqxzqtzjj","followedNum":1,"managers":[{"stockCode":"db20702172","stockType":"fund_manager","exchange":"fm","tickerId":102310207380,"name":"江文军"},{"stockCode":"db20747429","stockType":"fund_manager","exchange":"fm","tickerId":323201860,"name":"陈文"}]},"announcement":{"linkText":"淳厚添益增强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=1459187","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed2497fea5b3eb052b886","date":"2025-09-29T16:00:00.000Z","declarationDate":"2025-10-27T16:00:00.000Z","stockId":3000000017498,"sao":"虽然宏观经济依然平淡，但3季度整个资本市场热度较高，机会丰富。本基金本期在AI及医药方向关注较多，AI方向适当增加了国内算力的关注，而适当降低了海外敞口；另外，本基金本期增加了对锂电池、海外需求主导的制造业、困境反转类的关注。总体而言，我们比较看好创新、出海等方向的投资机会，同时基于自下而上优选性价比更高的资产。2025年三季度，债券市场收益率震荡上行。权益市场虹吸债市资金较为明显，债券收益率曲线陡峭化上行。短端市场表现较好，主要受到央行呵护资金市场影响，央行买债预期处于高位，资金预期稳定。展望后期，经过二季度调整，债券市场配置价值逐步凸显。政策端建议关注央行买债何时落地以及《基金销售费用管理规定》细则落地。","lastUpdated":"2026-03-09T13:59:37.300Z","fund":{"_id":3000000017498,"__csrcFundId":12533,"stockCode":"017498","shortName":"淳厚添益债券(017498)","masterFundShortName":"淳厚添益债券","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":17498,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-01T01:32:03.295Z","status":"normal","exchange":"jj","fundCollectionId":4000051860000,"name":"淳厚添益增强债券型证券投资基金","inceptionDate":"2023-04-25T16:00:00.000Z","setUpDate":"2023-04-25T16:00:00.000Z","setUpAssetScale":159274800.65,"setUpShares":159274800.65,"pinyin":"chtyzqzqxzqtzjj","followedNum":1,"managers":[{"stockCode":"db20702172","stockType":"fund_manager","exchange":"fm","tickerId":102310207380,"name":"江文军"},{"stockCode":"db20747429","stockType":"fund_manager","exchange":"fm","tickerId":323201860,"name":"陈文"}]},"announcement":{"linkText":"淳厚添益增强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=1376031","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed2497fea5b3eb052b885","date":"2025-06-29T16:00:00.000Z","stockId":3000000017498,"sao":"一季度，债券市场收益率上行为主。年初，机构抢跑新年配置行情，现券收益率快速下行后窄幅震荡。2月份资金走势超市场预期，长短端债券市场走势分化，收益率曲线趋于平坦。3月份，资金面紧张延续，债券市场走势加速上行，中下旬资金面逐步好转，市场开始抢跑资金预期，现券市场转为下行。二季度，债券市场收益率快速下行后窄幅震荡。季初受到全球贸易政策不确定性影响，市场风险偏好大幅下行，收益率以下行为主。5月份，央行降息、降准总量政策落地，交易盘止盈诉求提升，收益率逐步小幅上行。6月份，大行增配短债，提升市场对央行重启购债的预期，带动现券市场情绪向好，现券收益率小幅下行。","declarationDate":"2025-07-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:59:37.294Z","mo":"展望后期，上半年全年经济走势平稳，市场对短期总量政策加码的预期可能并不高，但近期供给侧“内卷式”竞争的治理和需求侧雅下水电站项目落地推动市场预期走高。供给侧改革方面，本轮的演绎路径预期较2015年差异较大。上一轮供给侧改革主要聚焦煤炭、钢铁、电解铝等中上游国企主导的传统行业，以环保的手段强制退出落后产能，同时叠加棚改等需求侧支撑，消减供给的同时增大下游需求。本轮反内卷的行业更多涉及中下游行业，民企占比更高、落后产能占比相对低，更多只能依靠行业自律的机制来限制产能，产能初次出清后再复产的难度相对较低。需求侧方面，本轮雅下水电站的投资规模显著，但项目周期长，单年度的总投资整体符合预期。政策方面，7月政治局会议指出要落实落细更加积极的财政政策和适度宽松的货币政策，充分释放政策效应。关注后期政策执行情况。","fund":{"_id":3000000017498,"__csrcFundId":12533,"stockCode":"017498","shortName":"淳厚添益债券(017498)","masterFundShortName":"淳厚添益债券","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":17498,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-01T01:32:03.295Z","status":"normal","exchange":"jj","fundCollectionId":4000051860000,"name":"淳厚添益增强债券型证券投资基金","inceptionDate":"2023-04-25T16:00:00.000Z","setUpDate":"2023-04-25T16:00:00.000Z","setUpAssetScale":159274800.65,"setUpShares":159274800.65,"pinyin":"chtyzqzqxzqtzjj","followedNum":1,"managers":[{"stockCode":"db20702172","stockType":"fund_manager","exchange":"fm","tickerId":102310207380,"name":"江文军"},{"stockCode":"db20747429","stockType":"fund_manager","exchange":"fm","tickerId":323201860,"name":"陈文"}]},"announcement":{"linkText":"淳厚添益增强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=1350372","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed2497fea5b3eb052b884","date":"2025-03-30T16:00:00.000Z","stockId":3000000017498,"sao":"2025年一季度，债券市场收益率上行为主。年初，机构抢跑新年配置行情，现券收益率快速下行后窄幅震荡。2月份资金走势超市场预期，长短端债券市场走势分化，收益率曲线趋于平坦。3月份，资金面紧张延续，债券市场走势加速上行，中下旬资金面逐步好转，市场开始抢跑资金预期，现券市场转为下行。  展望后期，资金预期逐步转暖，资金面对长债推动作用逐步转弱，长债锚有望逐步切换至基本面。二季度是基本面兑现时间窗口，预期内需政策二季度逐步发力，同时关税政策逐步落地，目前看关税政策超市场预期，关注国内总量对冲政策落地节奏。政策窗口或可关注四月份政治局会议。  权益市场方面，继续保持自下而上个股挖掘优势，同时继续完善投资体系，争取为投资人创造更好的回报。","declarationDate":"2025-04-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:59:37.292Z","fund":{"_id":3000000017498,"__csrcFundId":12533,"stockCode":"017498","shortName":"淳厚添益债券(017498)","masterFundShortName":"淳厚添益债券","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":17498,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-01T01:32:03.295Z","status":"normal","exchange":"jj","fundCollectionId":4000051860000,"name":"淳厚添益增强债券型证券投资基金","inceptionDate":"2023-04-25T16:00:00.000Z","setUpDate":"2023-04-25T16:00:00.000Z","setUpAssetScale":159274800.65,"setUpShares":159274800.65,"pinyin":"chtyzqzqxzqtzjj","followedNum":1,"managers":[{"stockCode":"db20702172","stockType":"fund_manager","exchange":"fm","tickerId":102310207380,"name":"江文军"},{"stockCode":"db20747429","stockType":"fund_manager","exchange":"fm","tickerId":323201860,"name":"陈文"}]},"announcement":{"linkText":"淳厚添益增强债券型证券投资基金2025年第1季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1275122","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed2497fea5b3eb052b883","date":"2024-12-30T16:00:00.000Z","stockId":3000000017498,"sao":"2024年，货币政策维持宽松，全年累计降准1个百分点，累计释放基础货币近1万亿，公开市场操作利率累计下调30BP，LPR1年期累计下调35BP,LPR5年期累计下调60BP。同时下半年始，央行创新货币政策框架，新增公开市场债券买卖和买断式逆回购业务，通过公开市场债券买卖累计投放资金1万亿。货币宽松环境下，债市全年除外部冲击特殊时间点外，市场收益均下行为主，债市收益率呈现缓跌急涨行情，债市的调整基本在一周内完成。全年长期限国债收益率下行近100BP。   本基金在报告期内采用稳健的投资策略。","declarationDate":"2025-01-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:59:37.289Z","mo":"展望后期，资产荒格局或将延续，机构抢配长债资产热情不减，但随着利率创下新低，长期限资产绝对收益同短端融资成本可能形成倒挂，配置户吸引力逐步下降，新增资金收益来源结构可能会转为资本利得为主，持仓主体稳定性可能会有所下降，预期债市高波动率继续维持，交易性机会仍存。基本面方面，数据进入真空期，市场焦点逐步转为一季度政策落地预期。2025年是十四五规划的收官之年，预期稳增长诉求的提升，政策遐想空间延续至一季度，关注两会对全年关键目标的定位，预期政策实施更加积极有为。配置资金可关注后期政策落地情况，政策效果稳定后择机参与，投资者可保持耐心。  权益市场方面，延续在新兴领域挖掘优质成长，在传统行业挖掘细分龙头的投资方式，积极筛选优质公司，不押注单边主题和单一赛道，一如既往坚持均衡配置、攻守兼备的投资理念，为投资者选择估值合适的优秀个股做好资产配置。","fund":{"_id":3000000017498,"__csrcFundId":12533,"stockCode":"017498","shortName":"淳厚添益债券(017498)","masterFundShortName":"淳厚添益债券","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":17498,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-01T01:32:03.295Z","status":"normal","exchange":"jj","fundCollectionId":4000051860000,"name":"淳厚添益增强债券型证券投资基金","inceptionDate":"2023-04-25T16:00:00.000Z","setUpDate":"2023-04-25T16:00:00.000Z","setUpAssetScale":159274800.65,"setUpShares":159274800.65,"pinyin":"chtyzqzqxzqtzjj","followedNum":1,"managers":[{"stockCode":"db20702172","stockType":"fund_manager","exchange":"fm","tickerId":102310207380,"name":"江文军"},{"stockCode":"db20747429","stockType":"fund_manager","exchange":"fm","tickerId":323201860,"name":"陈文"}]},"announcement":{"linkText":"淳厚添益增强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=1254858","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed2497fea5b3eb052b882","date":"2024-09-29T16:00:00.000Z","stockId":3000000017498,"sao":"三季度债券市场收益率延续下行趋势。7月份，央行向部分公开市场业务一级交易商开展国债借入操作，带动现券收益上行，月末央行超预期下调公开市场操作利率10BP，并超预期下调MLF操作利率，现券市场收益率转为下行。8月份，大行开始大量卖出7年以上品种同时买入短债品种，长债情绪有所走弱，短债情绪向好，曲线趋于陡峭。9月份，现券市场情绪继续向好，月末国新办发布会推出超预期的政策组合拳，超预期释放组合政策提振经济及资本市场，稳增长政策预期抬升，权益市场大涨，债市止盈盘增多并连续大幅调整。三季度末政策密集出台，短期内总量政策博弈空间收窄，债市的锚点能否从政策逐步转向基本面仍有待观察，单从政策方向看，年度经济增长5%目标紧迫性提升。从监管角度出发，央行对债市的态度未发生变化，强调目前利率是市场化定价的同时，再次提及利率风险。降准降息后短债市场的僵局有望被打破，长债市场关注后期财政落地情况，债市投资者可保持耐心。权益市场方面，在政策预期变化初期股票市场连续大幅拉升，后续市场或将关注政策的落地以及实际效果。我们继续保持自下而上个股挖掘优势，同时继续完善投资体系，争取为投资人创造更好的回报。","declarationDate":"2024-10-24T16:00:00.000Z","lastUpdated":"2026-03-09T13:59:37.286Z","fund":{"_id":3000000017498,"__csrcFundId":12533,"stockCode":"017498","shortName":"淳厚添益债券(017498)","masterFundShortName":"淳厚添益债券","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":17498,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-01T01:32:03.295Z","status":"normal","exchange":"jj","fundCollectionId":4000051860000,"name":"淳厚添益增强债券型证券投资基金","inceptionDate":"2023-04-25T16:00:00.000Z","setUpDate":"2023-04-25T16:00:00.000Z","setUpAssetScale":159274800.65,"setUpShares":159274800.65,"pinyin":"chtyzqzqxzqtzjj","followedNum":1,"managers":[{"stockCode":"db20702172","stockType":"fund_manager","exchange":"fm","tickerId":102310207380,"name":"江文军"},{"stockCode":"db20747429","stockType":"fund_manager","exchange":"fm","tickerId":323201860,"name":"陈文"}]},"announcement":{"linkText":"淳厚添益增强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=1175142","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed2497fea5b3eb052b881","date":"2024-06-29T16:00:00.000Z","stockId":3000000017498,"sao":"一季度债券市场收益率下行为主，1月份，跨年行情过后，短债表现较好，短端品种收益率下行为主，随后融资利率绝对水平相对高位，影响现券下行空间，短债收益率转为震荡。长债市场则受益于市场风险偏好下行，现券市场收益率下行为主。2月份，市场宽松预期，收益率曲线陡峭化下行。3月份，现券市场波动幅度加大。两会确定全年GDP增长目标5%左右，赤字率拟按3%安排，新增1万亿特别国债，并拟连续几年发行特别国债，政策目标整体符合市场预期。二季度债券市场收益率延续下行趋势。4月份，地方政府债发行提速，对资金影响偏小，市场流动性维持宽松格局，现券市场成交热情高位，央行开始强调市场过度投机风险，长债市场收益率转为上行。5月份，一线核心城市陆续出台地产优化调控政策，一线城市最低首付款比例普遍下调，现券市场维持窄幅震荡格局。6月份，禁止“手工补息”等政策继续推动企业存款搬家，非银流动性充裕，货币基金融出量一度接近大行融出量，现券市场情绪向好，10年国债收益率二季度累计下行6BP。","declarationDate":"2024-07-18T16:00:00.000Z","lastUpdated":"2026-03-09T13:59:37.284Z","mo":"债市供给利空落地，债市活跃度逐步提升，央行多次提示长债利率风险，长端利率交易有望趋于理性，同时市场流动性整体充裕，机构配置压力普遍较大，资产荒格局仍然未改变。政策面关注三中全会以及政治局会议相关政策落地情况。权益市场方面， A股估值目前相对较低，积极看好后市表现，可转债市场也呈现了较好的配置价值，我们继续保持自下而上个股挖掘优势，同时继续完善投资体系，争取为投资人创造更好的回报。","fund":{"_id":3000000017498,"__csrcFundId":12533,"stockCode":"017498","shortName":"淳厚添益债券(017498)","masterFundShortName":"淳厚添益债券","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":17498,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-01T01:32:03.295Z","status":"normal","exchange":"jj","fundCollectionId":4000051860000,"name":"淳厚添益增强债券型证券投资基金","inceptionDate":"2023-04-25T16:00:00.000Z","setUpDate":"2023-04-25T16:00:00.000Z","setUpAssetScale":159274800.65,"setUpShares":159274800.65,"pinyin":"chtyzqzqxzqtzjj","followedNum":1,"managers":[{"stockCode":"db20702172","stockType":"fund_manager","exchange":"fm","tickerId":102310207380,"name":"江文军"},{"stockCode":"db20747429","stockType":"fund_manager","exchange":"fm","tickerId":323201860,"name":"陈文"}]},"announcement":{"linkText":"淳厚添益增强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=1153338","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed2497fea5b3eb052b880","date":"2024-03-30T16:00:00.000Z","stockId":3000000017498,"sao":"一季度债券市场收益率下行为主，1月份，前期偏平坦的收益率曲线本月有所修复。跨年行情过后，短债表现较好，短端品种收益率下行为主，随后融资利率绝对水平相对高位，抑制现券下行空间，短债收益率转为震荡。长债市场则受益于市场风险偏好下行，现券市场收益率下行为主。2月份，长期限债券继续引领债市情绪。上旬，受益于降准后流动性预期宽松，前期平坦的收益率曲线陡峭化下行，5年同3年期限国开债利差由5BP逐步走扩至10BP。下旬，5年LPR报价超预期调降25BP，债市做多行情持续，收益率大幅下行，长债再创新低。3月份，现券市场波动幅度加大。上旬，全国两会开幕，确定全年GDP增长目标5%左右，赤字率拟按3%安排，新增1万亿特别国债，并拟连续几年发行特别国债。总量政策预期下，10年期国债收益率最低下行至2.26%。中旬，债券市场窄幅震荡，期间公布1-2月份工业生产、消费等数据，基本面数据整体好于预期，但对市场影响偏小，资金、情绪主导债券市场走势。下旬，市场延续窄幅震荡行情，资金乐观预期下，短债表现较好。月末财政部公布二季度国债发行计划，债市供给预期提升，现券市场小幅走弱。一季度10年国债收益率累计下行22BP。一季度地方债、政金债发行进度低于预期，加剧机构欠配压力，供需错配下，债市投资者对基本面数据敏感度降低。展望二季度，预期债市供给有望提升，供需矛盾缓解下，基本面对债市影响提升。政策面关注4月份政治局会议以及后期特别国债发行安排。权益市场方面， A股估值目前相对较低，积极看好后市表现，可转债市场也呈现了较好的配置价值，我们继续保持自下而上个股挖掘优势，同时继续完善投资体系，争取为投资人创造更好的回报。","declarationDate":"2024-04-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:59:37.281Z","fund":{"_id":3000000017498,"__csrcFundId":12533,"stockCode":"017498","shortName":"淳厚添益债券(017498)","masterFundShortName":"淳厚添益债券","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":17498,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-01T01:32:03.295Z","status":"normal","exchange":"jj","fundCollectionId":4000051860000,"name":"淳厚添益增强债券型证券投资基金","inceptionDate":"2023-04-25T16:00:00.000Z","setUpDate":"2023-04-25T16:00:00.000Z","setUpAssetScale":159274800.65,"setUpShares":159274800.65,"pinyin":"chtyzqzqxzqtzjj","followedNum":1,"managers":[{"stockCode":"db20702172","stockType":"fund_manager","exchange":"fm","tickerId":102310207380,"name":"江文军"},{"stockCode":"db20747429","stockType":"fund_manager","exchange":"fm","tickerId":323201860,"name":"陈文"}]},"announcement":{"linkText":"淳厚添益增强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=1073526","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed2497fea5b3eb052b87f","date":"2023-12-30T16:00:00.000Z","stockId":3000000017498,"sao":"一季度，债券市场收益率震荡下行。1月配置资金陆续进场，前期抛售较多的理财资金重新转为净买入，信用表现相对强势，信用利差逐步压缩，上一年度四季度大幅调整品种均迎来了估值修复。进入2月，信贷利空逐步落地，现券市场重新转强。同时2月末资金紧张超预期，带动存单类资产收益率上行。3月，政策目标低于市场预期，政策进一步加码预期落空，债券市场收益率加速下行。二季度，债券市场收益率延续下行趋势，基本面因素相对利好债券市场。4月，资金面月初转为宽松，随后存款利率调降预期发酵，10年国债收益率由2.86%逐步下行至2.81%。5月中旬，银行协定存款与通知存款利率自律上限下调，利好数据落地，同业存单利率阶段性到达低点。6月，债市利多消息继续兑现，月初部分行存款利率下调，带动短债收益率继续下行，月中，公开市场操作、MLF、LPR报价均下调10BP，总量政策陆续加码，财政政策方面，市场预期逐步降低。三季度，债券市场收益率先下后上。7月，债券市场小幅震荡，市场围绕强预期、弱现实展开博弈。7月下旬，政治局会议表述定调积极，对地产表述出现重大变化，市场政策预期走强，风险偏好快速提升，债券市场收益率转为上行。8月一系列地产优化政策接连落地，伴随央行下调MLF利率，现券市场创下年内新低后转而对前期利多因素反应钝化，随着下旬交易印花税实施减半征收等一系列政策提升市场风险偏好，债市收益率转为上行。9月，市场博弈焦点转为政策效果、供给压力、资金预期。受到跨季资金偏紧影响，收益率曲线整体呈现平坦化上行。期间计划外国债发行引发市场供给担忧，随后地方政府特殊再融资债加速落地，进一步加剧供给压力，现券市场收益率小幅上行。四季度，债券市场收益率先上后下。10月，地方政府债密集发行，全月地方政府债净发行规模1.2万亿，发行进度超市场预期，市场流动性边际收紧，收益率曲线延续走平趋势。月末特别国债增发方案进一步加大供给担忧，本次新增国债发行在时间点、流程上均有突破，传递了财政积极发力的信号，现券市场收益率上行为主。11月，政府债供给影响逐步消退，弱势PMI数据提振债券市场，市场对总量政策预期提升，长债收益率小幅下行。12月，政治局会议、中央经济工作会议先后召开，政策层对市场的影响逐步降低，配置机构逐步入场，受前期国债供给放量影响，国开国债利差相对低位，配置机构买入国债积极，国债成交量维持高位，10年国债流动性显著优于10年国开债。","declarationDate":"2024-01-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:59:37.278Z","mo":"展望后期，短期内基本面数据处于相对真空期，市场焦点逐步转为一季度政策落地。四季度赤字预算调整表明稳增长诉求的急迫性，政策遐想空间延续至一季度，关注两会对全年经济增速、财政等目标设定。权益市场方面，继续坚持在新兴领域挖掘优质成长，在传统行业挖掘细分龙头，积极筛选优质公司，不押注单边主题和单一赛道，一如既往坚持均衡配置、攻守兼备的投资理念，为投资者选择估值合适的优秀个股做好资产配置，争取为投资人创造更好的回报。","fund":{"_id":3000000017498,"__csrcFundId":12533,"stockCode":"017498","shortName":"淳厚添益债券(017498)","masterFundShortName":"淳厚添益债券","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":17498,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-01T01:32:03.295Z","status":"normal","exchange":"jj","fundCollectionId":4000051860000,"name":"淳厚添益增强债券型证券投资基金","inceptionDate":"2023-04-25T16:00:00.000Z","setUpDate":"2023-04-25T16:00:00.000Z","setUpAssetScale":159274800.65,"setUpShares":159274800.65,"pinyin":"chtyzqzqxzqtzjj","followedNum":1,"managers":[{"stockCode":"db20702172","stockType":"fund_manager","exchange":"fm","tickerId":102310207380,"name":"江文军"},{"stockCode":"db20747429","stockType":"fund_manager","exchange":"fm","tickerId":323201860,"name":"陈文"}]},"announcement":{"linkText":"淳厚添益增强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=1060656","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed2497fea5b3eb052b87e","date":"2023-09-29T16:00:00.000Z","stockId":3000000017498,"sao":"三季度，债券市场收益率先下后上。7月，债券市场小幅震荡，市场围绕强预期、弱现实展开博弈。央行官员“综合运用存款准备金率、中期借贷便利、公开市场操作等多种货币政策工具”的表述强化市场降准预期，现券市场收益率小幅下行。7月下旬，政治局会议表述定调积极，对地产表述出现重大变化，市场政策预期走强，风险偏好快速提升，债券市场收益率转为上行。8月市场围绕政策、降息、资金预期展开博弈。政治局会议后，一系列地产优化政策接连落地，中旬央行下调MLF政策利率，降息时点和幅度均超市场预期，现券市场加速下行。下旬交易印花税实施减半征收等一系列政策提升市场风险偏好，债市收益率转为上行。9月，市场博弈焦点转为政策效果、供给压力、资金预期。受到跨季资金偏紧影响，收益率曲线整体呈现平坦化上行。中旬的计划外国债发行引发市场供给担忧，随后地方政府特殊再融资债加速落地，进一步加剧供给压力，现券市场收益率小幅上行。三季度，10年期国债收益率合计上行3BP，10年国开合计下行4BP。展望四季度，前期政策密集落地，经济数据逐步企稳回升，PMI数据连续4个月小幅上行，9月PMI数据转为50以上，表明政策效果逐步显现，但新订单指数指向复苏动能偏弱。地产销售环比亦逐步转正，但幅度略低于预期，且政策脉冲效果过后，政策端是否继续加码存疑。短期内债券市场受地方政府特殊再融资债券发行影响，供给压力提升，发行高峰过后预期逐步转为基本面定价,配置资金或可择机入场。权益市场方面，继续坚持“自下而上选择优质股票，以合理估值买入并持有”的投资策略，下一阶段我们继续保持自下而上个股挖掘优势，中长期完善投资体系，争取为投资人创造更好的回报。中国有足够大的经济总量，本基金希望能够在不同细分领域找到足够优秀的上市公司进行投资。","declarationDate":"2023-10-24T16:00:00.000Z","lastUpdated":"2026-03-09T13:59:37.276Z","fund":{"_id":3000000017498,"__csrcFundId":12533,"stockCode":"017498","shortName":"淳厚添益债券(017498)","masterFundShortName":"淳厚添益债券","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":17498,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-01T01:32:03.295Z","status":"normal","exchange":"jj","fundCollectionId":4000051860000,"name":"淳厚添益增强债券型证券投资基金","inceptionDate":"2023-04-25T16:00:00.000Z","setUpDate":"2023-04-25T16:00:00.000Z","setUpAssetScale":159274800.65,"setUpShares":159274800.65,"pinyin":"chtyzqzqxzqtzjj","followedNum":1,"managers":[{"stockCode":"db20702172","stockType":"fund_manager","exchange":"fm","tickerId":102310207380,"name":"江文军"},{"stockCode":"db20747429","stockType":"fund_manager","exchange":"fm","tickerId":323201860,"name":"陈文"}]},"announcement":{"linkText":"淳厚添益增强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=991791","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed2497fea5b3eb052b87d","date":"2023-06-29T16:00:00.000Z","stockId":3000000017498,"sao":"上半年，债券市场收益率趋势性下行。一季度配置资金陆续进场，前期抛售较多的理财资金重新转为净买入，信用表现强势，信用利差逐步压缩，信用利差下行逐步由高等级转为中低等级、银行二级债转至银行永续债，四季度大幅调整品种均迎来了估值修复。利率品种则受制于信贷预期向好，10年国债收益率维持弱势。春节过后市场预期分化，弱复苏逐步得到市场确认，对应利率开始逐步回落。二季度复苏预期逐步修正，债券市场行情由前期利差修复转为全面下行，叠加银行存款利率调降和政策利率下调，进一步加剧市场做多热情。上半年10年期国债收益率累计下行约20BP，10年期国开债累计下行约16BP。权益市场方面，上半年主要指数涨跌互现，代表其市场的wind全A上涨3%，沪深300下跌0.74%，创业板指下跌5.6%，国证2000指数上涨7%。行业层面亦呈现涨跌互现，成长类板块中TMT行业一枝独秀，泛消费板块中家电、纺服表现较好，泛周期板块中建筑、石油石化表现良好。港股在去年Q4大幅反弹后上半年有一定的回调，恒生指数下跌4%，恒生科技指数下跌5%。","declarationDate":"2023-07-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:59:37.273Z","mo":"展望后期，政治局会议表态提升市场政策预期。关注后期地产、财政、货币相关政策的落地节奏。预期随着政策的落地基本面逐步筑底，扰动因子动能逐步增强。库存方面，上半年企业需求不足带动企业被动累库，企业累库程度接近于2015年周期底部，关注政策需求同库存周期能否形成合力，对应债市方面，建议均衡配置。权益市场方面，继续做好自下而上择股，对宏观经济做中性预期，优选个股，不押注市场风格。相较于上半年的极致分化，下半年市场的表现或更加均衡。我们目前依旧看好数字化、消费升级、能源革命等产业方向，同时对自主可控产业安全的命题保持持续关注，基于产业视角寻找符合时代背景的具备可持续竞争优势的优质企业，力争为持有人创造可持续的回报。","fund":{"_id":3000000017498,"__csrcFundId":12533,"stockCode":"017498","shortName":"淳厚添益债券(017498)","masterFundShortName":"淳厚添益债券","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":17498,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-01T01:32:03.295Z","status":"normal","exchange":"jj","fundCollectionId":4000051860000,"name":"淳厚添益增强债券型证券投资基金","inceptionDate":"2023-04-25T16:00:00.000Z","setUpDate":"2023-04-25T16:00:00.000Z","setUpAssetScale":159274800.65,"setUpShares":159274800.65,"pinyin":"chtyzqzqxzqtzjj","followedNum":1,"managers":[{"stockCode":"db20702172","stockType":"fund_manager","exchange":"fm","tickerId":102310207380,"name":"江文军"},{"stockCode":"db20747429","stockType":"fund_manager","exchange":"fm","tickerId":323201860,"name":"陈文"}]},"announcement":{"linkText":"淳厚添益增强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=965370","linkType":"PDF","source":"csrc_pdf"}}]}