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。　　我们严格按照基金合同的规定，紧密跟踪标的指数、跟踪偏离最小化的投资策略进行被动投资。本报告期内，本基金的日均绝对跟踪偏离度为0.03%，期间日跟踪误差为0.06%，较好地实现了本基金的投资目标。","declarationDate":"2025-07-20T16:00:00.000Z","lastUpdated":"2026-03-09T14:04:10.845Z","mo":"展望三季度，处于二季报披露期，外部关税扰动情况、国内政策发力节奏仍将是影响市场表现的关键因素，风险偏好或有所回落，红利策略或将具备更强的防御性。中期看，在新一轮财政发力的周期下，红利策略在基建等稳增长相关板块暴露较高，再次成为攻守兼备的标的的重要抓手。　　同时，我们始终认为”中特估”行情下，高分红特点的央国企是一条重要且清晰的投资思路。因此，以“股息率”为筛选标准的红利策略在央国企行情下具备天然优势，具有估值重塑的投资机会。我们认为“中特估”仍然机会是全年投资主线之一，为获得更强的Beta，可以加大高股息策略的配置权重，作为“杠铃配置”中的重要一头。当前中证央企红利指数处于右侧布局合理区间。","fund":{"_id":3000000020466,"__csrcFundId":13493,"stockCode":"020466","masterFundShortName":"华泰柏瑞中证中央企业红利ETF发起式联接A/C","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","tickerId":20466,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-07-03T17:13:59.208Z","status":"normal","exchange":"jj","shortName":"华泰柏瑞中证中央企业红利ETF发起式联接A/C(020466)","name":"华泰柏瑞中证中央企业红利交易型开放式指数证券投资基金发起式联接基金","fundCollectionId":4000050440000,"setUpAssetScale":10004130.84,"setUpDate":"2023-12-27T16:00:00.000Z","setUpShares":10004130.84,"inceptionDate":"2023-12-28T16:00:00.000Z","pinyin":"htbrzzzyqyhljyxkfszszqtzjjfqsljjj","followedNum":18,"__indexSourceEastMoney":1,"__indexSourceCsi":1,"memoNum":6,"etfFundFlag":1,"feederFundFlag":1,"indexFundFlag":1,"indexId":1000000000825,"managers":[{"stockCode":"db20721130","stockType":"fund_manager","exchange":"fm","tickerId":1217192200,"name":"李茜"}]},"announcement":{"linkText":"华泰柏瑞中证中央企业红利交易型开放式指数证券投资基金发起式联接基金2025年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1350439","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed35a7fea5b3eb053bc01","date":"2025-03-30T16:00:00.000Z","stockId":3000000020466,"sao":"回顾2025年一季度，受到内外部因素扰动，A股市场震荡加剧。外部冲击方面，美国加征关税的不确定性升温；国内方面，Deepseek行情引爆，市场呈现较为明显的结构性行情，风险偏好显著提升。总体上，中证央企红利全收益指数微跌2.71%。　　展望二季度，短期看，外部关税扰动、国内经济基本面修复及政策仍将是影响市场的关键因素，风险偏好可能有所回落，红利策略或将具备一定的防御性。中期看，在新一轮财政发力的周期下，红利策略在基建等稳增长相关板块暴露较高，有望再次成为攻守兼备的标的重要抓手。　　同时，我们始终认为“中特估”行情下，高分红特点的央国企是一条重要且清晰的投资思路。因此，以“股息率”为筛选标准的红利策略在央国企行情下具备天然优势，或具有估值重塑的投资机会。我们认为“中特估”可能仍然是全年投资主线之一，或可以加大高股息资产的配置权重，作为“杠铃配置”中的重要一头。当前中证央企红利指数处于右侧布局合理区间。从估值的角度看，当前处于30%以下的估值分位数水平，属于合理偏低的位置，仍具有配置价值。　　我们严格按照基金合同的规定，紧密跟踪标的指数、跟踪偏离最小化的投资策略进行被动投资。本报告期内，本基金的日均绝对跟踪偏离度为0.023%，期间日跟踪误差为0.038%，较好地实现了本基金的投资目标。","declarationDate":"2025-04-21T16:00:00.000Z","lastUpdated":"2026-03-09T14:04:10.842Z","fund":{"_id":3000000020466,"__csrcFundId":13493,"stockCode":"020466","masterFundShortName":"华泰柏瑞中证中央企业红利ETF发起式联接A/C","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","tickerId":20466,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-07-03T17:13:59.208Z","status":"normal","exchange":"jj","shortName":"华泰柏瑞中证中央企业红利ETF发起式联接A/C(020466)","name":"华泰柏瑞中证中央企业红利交易型开放式指数证券投资基金发起式联接基金","fundCollectionId":4000050440000,"setUpAssetScale":10004130.84,"setUpDate":"2023-12-27T16:00:00.000Z","setUpShares":10004130.84,"inceptionDate":"2023-12-28T16:00:00.000Z","pinyin":"htbrzzzyqyhljyxkfszszqtzjjfqsljjj","followedNum":18,"__indexSourceEastMoney":1,"__indexSourceCsi":1,"memoNum":6,"etfFundFlag":1,"feederFundFlag":1,"indexFundFlag":1,"indexId":1000000000825,"managers":[{"stockCode":"db20721130","stockType":"fund_manager","exchange":"fm","tickerId":1217192200,"name":"李茜"}]},"announcement":{"linkText":"华泰柏瑞中证中央企业红利交易型开放式指数证券投资基金发起式联接基金2025年第1季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1278585","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed35a7fea5b3eb053bc00","date":"2024-12-30T16:00:00.000Z","stockId":3000000020466,"sao":"2024年市场以结构性机会为主，其中银行、非银金融、通信、家用电器的表现相对较好，涨跌幅分别为34.39%、30.17%、28.82%和25.44%。整体来看，沪深300、中证500、中证1000和创业板指的涨跌幅分别为14.68%、5.46%、1.20%和13.23%。从市场风格来看，期间沪深300价值指数和沪深300成长指数的涨跌幅分别为24.85%和4.24%，中证500价值相对中证500成长获得了超额收益。　　回顾2024年，在受到内外经济复苏不确定性、地缘政治风险以及美联储货币政策等因素的影响下，呈现出较为震荡的走势。总体上，中证央企红利全收益指数上涨28.35%，相较市场整体超额收益明显。　　我们严格按照基金合同的规定，紧密跟踪标的指数、跟踪偏离最小化的投资策略进行被动投资。本报告期内，本基金的日均绝对跟踪偏离度为0.070%，期间日跟踪误差为0.127%，较好地实现了本基金的投资目标。","declarationDate":"2025-01-21T16:00:00.000Z","lastUpdated":"2026-03-09T14:04:10.840Z","mo":"展望2025年一季度，短期看，政策延续性、需求不足物价承压、外部环境（美联储政策、地缘风险）仍将是影响市场的关键因素。虽然面临扰动，但投资者风险偏好在政府一系列稳增长政策的决心带动下有望整体好于2024年，红利策略短期超额收益或并不显著，但左侧布局仍是较为有效的策略。中期看，在新一轮财政发力的周期下，红利策略在基建等稳增长相关板块暴露较高，再次成为攻守兼备的标的的重要抓手。　　同时，我们始终认为”中特估”行情下，高分红特点的央国企是一条重要且清晰的投资思路。因此，以“股息率”为筛选标准的红利策略在央国企行情下具备天然优势，具有估值重塑的投资机会。我们认为“中特估”仍然机会是全年投资主线之一，为获得更强的Beta，可以加大高股息策略的配置权重，作为“杠铃配置”中的重要一头。当前中证央企红利指数处于右侧布局合理区间。从估值的角度看，当前处于30%以下的估值分位数水平，属于合理偏低的位置，仍具有配置价值。","fund":{"_id":3000000020466,"__csrcFundId":13493,"stockCode":"020466","masterFundShortName":"华泰柏瑞中证中央企业红利ETF发起式联接A/C","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","tickerId":20466,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-07-03T17:13:59.208Z","status":"normal","exchange":"jj","shortName":"华泰柏瑞中证中央企业红利ETF发起式联接A/C(020466)","name":"华泰柏瑞中证中央企业红利交易型开放式指数证券投资基金发起式联接基金","fundCollectionId":4000050440000,"setUpAssetScale":10004130.84,"setUpDate":"2023-12-27T16:00:00.000Z","setUpShares":10004130.84,"inceptionDate":"2023-12-28T16:00:00.000Z","pinyin":"htbrzzzyqyhljyxkfszszqtzjjfqsljjj","followedNum":18,"__indexSourceEastMoney":1,"__indexSourceCsi":1,"memoNum":6,"etfFundFlag":1,"feederFundFlag":1,"indexFundFlag":1,"indexId":1000000000825,"managers":[{"stockCode":"db20721130","stockType":"fund_manager","exchange":"fm","tickerId":1217192200,"name":"李茜"}]},"announcement":{"linkText":"华泰柏瑞中证中央企业红利交易型开放式指数证券投资基金发起式联接基金2024年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1258996","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed35a7fea5b3eb053bbff","date":"2024-09-29T16:00:00.000Z","stockId":3000000020466,"sao":"2024年三季度市场以结构性机会为主，其中非银金融、房地产、综合、商贸零售的表现相对较好，涨跌幅分别为41.67%、33.05%、31.20%和27.50%。整体来看，沪深300、中证500、中证1000和创业板指的涨跌幅分别为16.07%、16.19%、16.60%和29.21%。从市场风格来看，期间沪深300价值指数和沪深300成长指数的涨跌幅分别为11.86%和17.57%，中证500成长相对中证500价值获得了超额收益。　　9月在超预期宏观政策刺激和乐观情绪带动下，市场迎来强势反弹，在此过程中，红利类资产虽不及其他成长属性较强的品种更具爆发性，但依然呈现出“守强攻不弱”的态势，中证央企红利全收益指数上涨12.64%。　　展望四季度，短期看，进入三季报业绩披露期窗口期，将是短期市场表现的影响主线之一，市场表现或将分化，可能更多呈现震荡行情，红利策略的防御属性仍将是资金的 “避风港”。中期看，在新一轮财政发力的周期下，红利策略在基建等稳增长相关板块暴露较高，再次成为攻守兼备的标的的重要抓手。　　同时，我们始终认为“中特估”行情下，高分红特点的央国企是一条重要且清晰的投资思路。因此，以“股息率”为筛选标准的红利策略在央国企行情下具备天然优势，具有估值重塑的投资机会。我们认为“中特估”机会仍然是全年投资主线之一，为获得更强的Beta，可以加大高股息策略的配置权重，作为“杠铃配置”中的重要一头。当前中证央企红利指数处于右侧布局合理区间。从估值的角度看，当前处于30%以下的估值分位数水平，属于合理偏低的位置，仍具有配置价值。　　我们严格按照基金合同的规定，紧密跟踪标的指数、跟踪偏离最小化的投资策略进行被动投资。本报告期内，本基金的日均绝对跟踪偏离度为0.081%，期间日跟踪误差为0.157%，较好地实现了本基金的投资目标。　　本基金将继续严格遵守跟踪偏离最小化的被动投资策略，从而为基金投资人谋求与业绩基准基本一致的投资回报。","declarationDate":"2024-10-24T16:00:00.000Z","lastUpdated":"2026-03-09T14:04:10.837Z","fund":{"_id":3000000020466,"__csrcFundId":13493,"stockCode":"020466","masterFundShortName":"华泰柏瑞中证中央企业红利ETF发起式联接A/C","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","tickerId":20466,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-07-03T17:13:59.208Z","status":"normal","exchange":"jj","shortName":"华泰柏瑞中证中央企业红利ETF发起式联接A/C(020466)","name":"华泰柏瑞中证中央企业红利交易型开放式指数证券投资基金发起式联接基金","fundCollectionId":4000050440000,"setUpAssetScale":10004130.84,"setUpDate":"2023-12-27T16:00:00.000Z","setUpShares":10004130.84,"inceptionDate":"2023-12-28T16:00:00.000Z","pinyin":"htbrzzzyqyhljyxkfszszqtzjjfqsljjj","followedNum":18,"__indexSourceEastMoney":1,"__indexSourceCsi":1,"memoNum":6,"etfFundFlag":1,"feederFundFlag":1,"indexFundFlag":1,"indexId":1000000000825,"managers":[{"stockCode":"db20721130","stockType":"fund_manager","exchange":"fm","tickerId":1217192200,"name":"李茜"}]},"announcement":{"linkText":"华泰柏瑞中证中央企业红利交易型开放式指数证券投资基金发起式联接基金2024年第3季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1181146","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed35a7fea5b3eb053bbfe","date":"2024-06-29T16:00:00.000Z","stockId":3000000020466,"sao":"2024年上半年市场以结构性机会为主，其中银行、煤炭、公用事业、家用电器的表现相对较好，涨跌幅分别为17.02%、11.96%、11.76%和8.48%。整体来看，沪深300、中证500、中证1000和创业板指的涨跌幅分别为0.89%、-8.96%、-16.84%和-10.99%。从市场风格来看，期间沪深300价值指数和沪深300成长指数的涨跌幅分别为12.54%和-7.00%，中证500价值相对中证500成长获得了超额收益。　　2024年上半年，红利指数震荡上行。年初以来，红利策略因其强势表现被较多投资者关注，交易拥挤度指标一度指向较高水平，近期市场情绪有所降温，交易拥挤度回归合理区间。　　央企红利ETF联接由于成立未满6个月，未统计跟踪误差等数据。","declarationDate":"2024-07-18T16:00:00.000Z","lastUpdated":"2026-03-09T14:04:10.834Z","mo":"展望三季度，进入中报业绩披露期与政策关键窗口期，市场将受到上市公司业绩与改革力度预期的共振影响。同时，海外流动性对市场仍有一定扰动，可能更多呈现震荡行情。同时，国内经济在下半年有望继续温和复苏，财政政策或将对基建发力形成积极支撑。在私人部门缺乏加杠杆的情况下，政府部门加杠杆或成为信用周期的最主要抓手。红利策略在稳增长板块暴露较高，再次成为攻守兼备标的的重要抓手。　　同时，我们始终认为”中特估”行情下，高分红特点的央国企是一条重要且清晰的投资思路。因此，以“股息率”为筛选标准的红利策略在当前市场行情下具备天然优势，具有估值重塑的投资机会。我们认为“中特估”仍有望成为全年投资主线之一，为努力获得更强的Beta，或可以加大高股息策略的配置权重，作为“杠铃配置”中的重要一头。当前中证央企红利指数处于右侧布局合理区间。从估值的角度看，当前处于30%以下的估值分位数水平，属于合理偏低的位置，仍具有配置价值。　　本基金将继续严格遵守跟踪偏离最小化的被动投资策略，从而为基金投资人谋求与业绩基准基本一致的投资回报。","fund":{"_id":3000000020466,"__csrcFundId":13493,"stockCode":"020466","masterFundShortName":"华泰柏瑞中证中央企业红利ETF发起式联接A/C","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","tickerId":20466,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-07-03T17:13:59.208Z","status":"normal","exchange":"jj","shortName":"华泰柏瑞中证中央企业红利ETF发起式联接A/C(020466)","name":"华泰柏瑞中证中央企业红利交易型开放式指数证券投资基金发起式联接基金","fundCollectionId":4000050440000,"setUpAssetScale":10004130.84,"setUpDate":"2023-12-27T16:00:00.000Z","setUpShares":10004130.84,"inceptionDate":"2023-12-28T16:00:00.000Z","pinyin":"htbrzzzyqyhljyxkfszszqtzjjfqsljjj","followedNum":18,"__indexSourceEastMoney":1,"__indexSourceCsi":1,"memoNum":6,"etfFundFlag":1,"feederFundFlag":1,"indexFundFlag":1,"indexId":1000000000825,"managers":[{"stockCode":"db20721130","stockType":"fund_manager","exchange":"fm","tickerId":1217192200,"name":"李茜"}]},"announcement":{"linkText":"华泰柏瑞中证中央企业红利交易型开放式指数证券投资基金发起式联接基金2024年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1152702","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed35a7fea5b3eb053bbfd","date":"2024-03-30T16:00:00.000Z","stockId":3000000020466,"sao":"2024年一季度市场以结构性机会为主，其中银行、石油石化、煤炭、家用电器的表现相对较好，涨跌幅分别为10.60%、10.58%、10.46%和10.26%。整体来看，沪深300、中证500、中证1000和创业板指的涨跌幅分别为3.10%、-2.64%、-7.58%和-3.87%。从市场风格来看，期间沪深300价值指数和沪深300成长指数的涨跌幅分别为9.42%和-1.15%，中证500价值相对中证500成长获得了超额收益。　　2024年一季度，红利指数表现强劲，央企红利全收益指数表现十分亮眼，上涨9.23%。年初以来，红利策略因其强势表现被较多投资者关注，交易拥挤度指标一度指向较高水平，近期市场情绪有所降温，交易拥挤度回归合理区间。　　展望后市，投资者会在政策预期与实际兑现之间博弈，市场波动仍然会震荡加剧，红利策略的防御属性仍将是资金的避风港。同时，国内经济在2024年将继续温和复苏，确定性较高的驱动因素在于国内积极财政政策的前置，财政政策将对基建发力形成积极支撑。在私人部门缺乏加杠杆的情况下，政府部门加杠杆或成为信用周期的主要抓手。红利策略在稳增长板块暴露较高，再次成为攻守兼备标的的重要抓手。　　同时，我们始终认为“中特估”行情下，高分红特点的央国企是一条重要且清晰的投资思路。因此，以“股息率”为筛选标准的红利策略在央国企行情下具备天然优势，具有估值重塑的投资机会。我们认为“中特估”仍然机会是全年投资主线之一，为获得更强的Beta，可以加大高股息策略的配置权重。作为“杠铃配置”中的重要一头，当前中证央企红利指数处于右侧布局合理区间。从估值的角度看，当前处于30%以下的估值分位数水平，属于合理偏低的位置，仍具有配置价值。　　央企红利ETF联接由于成立未满6个月，未统计跟踪误差等数据。　　本基金将继续严格遵守跟踪偏离最小化的被动投资策略，从而为基金投资人谋求与业绩基准基本一致的投资回报。","declarationDate":"2024-04-21T16:00:00.000Z","lastUpdated":"2026-03-09T14:04:10.831Z","fund":{"_id":3000000020466,"__csrcFundId":13493,"stockCode":"020466","masterFundShortName":"华泰柏瑞中证中央企业红利ETF发起式联接A/C","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","tickerId":20466,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-07-03T17:13:59.208Z","status":"normal","exchange":"jj","shortName":"华泰柏瑞中证中央企业红利ETF发起式联接A/C(020466)","name":"华泰柏瑞中证中央企业红利交易型开放式指数证券投资基金发起式联接基金","fundCollectionId":4000050440000,"setUpAssetScale":10004130.84,"setUpDate":"2023-12-27T16:00:00.000Z","setUpShares":10004130.84,"inceptionDate":"2023-12-28T16:00:00.000Z","pinyin":"htbrzzzyqyhljyxkfszszqtzjjfqsljjj","followedNum":18,"__indexSourceEastMoney":1,"__indexSourceCsi":1,"memoNum":6,"etfFundFlag":1,"feederFundFlag":1,"indexFundFlag":1,"indexId":1000000000825,"managers":[{"stockCode":"db20721130","stockType":"fund_manager","exchange":"fm","tickerId":1217192200,"name":"李茜"}]},"announcement":{"linkText":"华泰柏瑞中证中央企业红利交易型开放式指数证券投资基金发起式联接基金2024年第1季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1076288","linkType":"PDF","source":"csrc_pdf"}}]}