window.pageData = {"stock":{"_id":3000000022540,"name":"天弘安利短债债券型证券投资基金","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","status":"normal","stockCode":"022540","tickerId":22540,"shortName":"天弘安利短债E","currency":"CNY","exchange":"jj","masterFundFlag":null,"indexFundFlag":null,"activeFundFlag":null,"etfFundFlag":null,"lofFundFlag":null,"pensionTargetFlag":null,"feederFundFlag":null,"classificationFlag":null,"closedEnd":null,"inceptionDate":"2024-11-03T16:00:00.000Z","pinyin":"thaldzzqxzqtzjj","fundCollectionId":4000050430000,"fundCollection":{"exchange":"jjgs","stockType":"fund_collection","stockCode":"50430000","tickerId":50430000,"name":"天弘基金管理有限公司"},"managers":[{"name":"程仕湘","stockType":"fund_manager","stockCode":"db20894362","exchange":"fm","tickerId":31924232950},{"name":"袁东","stockType":"fund_manager","stockCode":"j101019595","exchange":"fm","tickerId":2504242650}],"hotMetrics":{"fss":{"stockId":3000000022540,"type":"fss","last_data_date":"2025-06-29T16:00:00.000Z","f_ins_h_s_r":0,"f_ind_h_s_r":1,"f_h_a":12,"f_ind_h_s_r_c_hy":0,"f_ins_h_s_r_c_hy":0},"fpr":{"stockId":3000000022540,"type":"fpr","f_p_r_fys_ssc":7464,"f_p_r_fys_ssrp":0.8535441511456519,"f_p_r_m1_ssc":7585,"f_p_r_m1_ssrp":0.8604957805907173,"f_p_r_m3_ssc":7500,"f_p_r_m3_ssrp":0.7862381650886785,"f_cagr_p_r_fs_ssc":7291,"f_cagr_p_r_fs_ssrp":0.8658436213991769,"f_p_r_m6_ssc":7314,"f_p_r_m6_ssrp":0.8277040886093259,"f_p_r_y1_ssc":6833,"f_p_r_y1_ssrp":0.6936475409836066},"fp":{"stockId":3000000022540,"type":"fp","f_p_r_d1":0.00008877052818467845,"f_cagr_p_r_fs":0.01668463216404481,"f_p_r_m1":0.001307987443320835,"f_p_r_fys":0.006397896581944673,"f_p_r_m3":0.004724822819144103,"last_data_date":"2026-05-06T16:00:00.000Z","f_p_r_m6":0.007722685388327433,"f_p_r_y1":0.015206436212535035},"ff":{"stockId":3000000022540,"type":"ff","f_m_f":10798891,"f_m_f_r":0.003,"f_c_f":3599630,"f_c_f_r":0.001,"f_m_a_c_f":14398521,"f_m_a_c_f_r":0.004,"f_m_c_f_d":"2024-11-03T16:00:00.000Z","f_c_fr":0.001,"f_fr_d":"2025-11-24T16:00:00.000Z","f_m_fr":0.003,"f_mac_fr":0.004},"f_nlacan":{"stockId":3000000022540,"type":"f_nlacan","f_nv_d":"2026-05-06T16:00:00.000Z","f_nv":1.1483,"f_nv_cr":0},"f_as":{"stockId":3000000022540,"type":"f_as","f_tas":187317.4379,"f_tas_d":"2026-03-30T16:00:00.000Z"}},"masterSlaveFunds":[{"_id":3000000010168,"__csrcFundId":8330,"stockCode":"010168","shortName":"天弘安利短债(010168)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":10168,"masterFundFlag":1,"lastUpdated":"2026-04-30T22:11:09.446Z","status":"normal","inceptionDate":"2020-11-23T16:00:00.000Z","name":"天弘安利短债债券型证券投资基金","exchange":"jj","followedNum":2,"fundCollectionId":4000050430000,"currency":"CNY","masterFundShortName":"天弘安利短债","setUpDate":"2020-11-23T16:00:00.000Z","setUpAssetScale":18175585.3,"setUpShares":18175585.3,"pinyin":"thaldzzqxzqtzjj"},{"_id":3000000010169,"name":"天弘安利短债债券型证券投资基金","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","stockCode":"010169","tickerId":10169,"shortName":"天弘安利短债C","__csrcFundId":8330,"lastUpdated":"2025-01-04T00:32:05.979Z","exchange":"jj","inceptionDate":"2020-11-23T16:00:00.000Z","followedNum":4,"fundCollectionId":4000050430000,"currency":"CNY","status":"normal","setUpDate":"2020-11-23T16:00:00.000Z","setUpAssetScale":369989222.57,"setUpShares":369989222.57,"masterFundFlag":null,"activeFundFlag":null,"classificationFlag":null,"closedEnd":null,"etfFundFlag":null,"feederFundFlag":null,"indexFundFlag":null,"lofFundFlag":null,"pensionTargetFlag":null,"pinyin":"thaldzzqxzqtzjj"},{"_id":3000000022539,"name":"天弘安利短债债券型证券投资基金","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","status":"normal","stockCode":"022539","tickerId":22539,"shortName":"天弘安利短债D","currency":"CNY","__csrcFundId":8330,"exchange":"jj","masterFundFlag":null,"indexFundFlag":null,"activeFundFlag":null,"etfFundFlag":null,"lofFundFlag":null,"pensionTargetFlag":null,"feederFundFlag":null,"classificationFlag":null,"closedEnd":null,"lastUpdated":"2025-01-04T00:32:34.010Z","inceptionDate":"2024-11-03T16:00:00.000Z","pinyin":"thaldzzqxzqtzjj","fundCollectionId":4000050430000}],"bondHoldings":[{"_id":"69e8fa141398d79843001b0b","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000010168,"stockCode":"250431","stockName":"25农发31","holdings":1000000,"marketCap":100902547,"netValueRatio":0.0243,"lastUpdated":"2026-04-22T16:40:52.134Z"},{"_id":"69e8fa141398d79843001b0c","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000010168,"stockCode":"2120069","stockName":"21长安银行永续债","holdings":900000,"marketCap":93762221,"netValueRatio":0.0226,"lastUpdated":"2026-04-22T16:40:52.138Z"},{"_id":"69e8fa141398d79843001b0d","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000010168,"stockCode":"2128044","stockName":"21工商银行永续债02","holdings":600000,"marketCap":61564800,"netValueRatio":0.0148,"lastUpdated":"2026-04-22T16:40:52.142Z"},{"_id":"69e8fa141398d79843001b0e","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000010168,"stockCode":"260401","stockName":"26农发01","holdings":600000,"marketCap":60251589,"netValueRatio":0.0145,"lastUpdated":"2026-04-22T16:40:52.145Z"},{"_id":"69e8fa141398d79843001b0f","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000010168,"stockCode":"112609088","stockName":"26浦发银行CD088","holdings":600000,"marketCap":59120863,"netValueRatio":0.0142,"lastUpdated":"2026-04-22T16:40:52.148Z"}]},"list":[{"_id":"69e8eb381398d79843fe9039","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","stockId":3000000010168,"sao":"一季度债券市场在资金面维持低波宽松以及大行持续买债的支撑下，整体走出了超去年预期的较强行情，尤其中短端信用品种整体表现强势。展望后续，目前短端下行空间短期内可能不大，长端需要关注后续物价回升和高油价下对于通胀和经济的影响，整体可能波动较大，我们将维持中性的底仓久期，择机进行长端利率波段操作。","lastUpdated":"2026-04-22T15:37:28.175Z","fund":{"_id":3000000010168,"__csrcFundId":8330,"stockCode":"010168","shortName":"天弘安利短债(010168)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":10168,"masterFundFlag":1,"lastUpdated":"2026-04-30T22:11:09.446Z","status":"normal","inceptionDate":"2020-11-23T16:00:00.000Z","name":"天弘安利短债债券型证券投资基金","exchange":"jj","followedNum":2,"fundCollectionId":4000050430000,"currency":"CNY","masterFundShortName":"天弘安利短债","setUpDate":"2020-11-23T16:00:00.000Z","setUpAssetScale":18175585.3,"setUpShares":18175585.3,"pinyin":"thaldzzqxzqtzjj","managers":[{"stockCode":"db20894362","stockType":"fund_manager","exchange":"fm","tickerId":31924232950,"name":"程仕湘"},{"stockCode":"j101019595","stockType":"fund_manager","exchange":"fm","tickerId":2504242650,"name":"袁东"}]},"announcement":{"linkText":"天弘安利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=1472583","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecd617fea5b3eb04d8c73","date":"2025-12-30T16:00:00.000Z","declarationDate":"2026-01-21T16:00:00.000Z","stockId":3000000010168,"sao":"10月债券走势受到中美关系影响振幅较大，最后一周受央行重启买债开启新一轮上涨，11月中美缓和后，基金赎回新规再次主导债券走势，央行买债金额低于市场预期，债市情绪偏弱，12月资金整体宽松，信用债有一定修复，利率仍然表现偏弱，操作方面，我们四季度整体保持了较低的久期，维持了杠杆和票息策略。","lastUpdated":"2026-03-09T13:38:41.839Z","fund":{"_id":3000000010168,"__csrcFundId":8330,"stockCode":"010168","shortName":"天弘安利短债(010168)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":10168,"masterFundFlag":1,"lastUpdated":"2026-04-30T22:11:09.446Z","status":"normal","inceptionDate":"2020-11-23T16:00:00.000Z","name":"天弘安利短债债券型证券投资基金","exchange":"jj","followedNum":2,"fundCollectionId":4000050430000,"currency":"CNY","masterFundShortName":"天弘安利短债","setUpDate":"2020-11-23T16:00:00.000Z","setUpAssetScale":18175585.3,"setUpShares":18175585.3,"pinyin":"thaldzzqxzqtzjj","managers":[{"stockCode":"db20894362","stockType":"fund_manager","exchange":"fm","tickerId":31924232950,"name":"程仕湘"},{"stockCode":"j101019595","stockType":"fund_manager","exchange":"fm","tickerId":2504242650,"name":"袁东"}]},"announcement":{"linkText":"天弘安利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=1455234","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecd617fea5b3eb04d8c72","date":"2025-09-29T16:00:00.000Z","declarationDate":"2025-10-27T16:00:00.000Z","stockId":3000000010168,"sao":"7月债市主要矛盾在于风险资产的回升，经历3周的下跌后，在最后一周利空消散的情况下迎来反弹，8月债市主线依然是股债跷跷板，伴随着月中资金面超预期扰动和中旬权益持续暴涨，债市中旬大幅上行10bp，曲线陡峭化，9月市场受到费用管理征求稿影响继续出现调整。操作方面，我们三季度整体降低了久期中枢，维持了杠杆和票息策略。","lastUpdated":"2026-03-09T13:38:41.836Z","fund":{"_id":3000000010168,"__csrcFundId":8330,"stockCode":"010168","shortName":"天弘安利短债(010168)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":10168,"masterFundFlag":1,"lastUpdated":"2026-04-30T22:11:09.446Z","status":"normal","inceptionDate":"2020-11-23T16:00:00.000Z","name":"天弘安利短债债券型证券投资基金","exchange":"jj","followedNum":2,"fundCollectionId":4000050430000,"currency":"CNY","masterFundShortName":"天弘安利短债","setUpDate":"2020-11-23T16:00:00.000Z","setUpAssetScale":18175585.3,"setUpShares":18175585.3,"pinyin":"thaldzzqxzqtzjj","managers":[{"stockCode":"db20894362","stockType":"fund_manager","exchange":"fm","tickerId":31924232950,"name":"程仕湘"},{"stockCode":"j101019595","stockType":"fund_manager","exchange":"fm","tickerId":2504242650,"name":"袁东"}]},"announcement":{"linkText":"天弘安利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=1373788","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecd617fea5b3eb04d8c71","date":"2025-06-29T16:00:00.000Z","stockId":3000000010168,"sao":"一季度随着银行间资金面收紧，债券市场出现明显调整，基本回吐了去年末的涨幅，3月中下旬后随着资金面的缓和，市场逐步企稳，操作方面，年初我们考虑到债市已对宽松货币政府透支较为严重，整体性价比偏低，所以适当降低了一定杠杆和久期，季度内采取了较为谨慎的策略，季末适当增加了一定久期。4月初受到中美关税政策影响，宽货币预期带动债券市场走出了一季度的调整，市场快速走牛，随着5月以后货币政策的落地，同时中美贸易战进入谈判出现缓和迹象，市场出现一定调整，进入6月后，资金面持续稳定，央行不断释放友好态度，叠加地缘政治不稳定因素增加影响，收益率重回下行，操作方面，进入二季度以后，我们观察到央行态度逐步缓和，资金面稳定性明显提高，所以逐步增加了一定杠杆，贸易战以后进一步增加了久期。","declarationDate":"2025-07-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:38:41.833Z","mo":"宏观周期方面，房地产市场边际恶化明显，实体真实融资需求仍然偏弱，贸易战虽然边际好转但对经济冲击仍然存在，经济复苏程度尚不足扭转央行中长期宽松态度，但经济可能并不如市场预期那么差，货币政策方面，央行态度仍然较好，但二季度货币政策例会表态可能也说明短期内降准降息缺席，机构行为方面，非银负债端仍有资金流入，但加杠杆更加明显，市场处于右侧阶段，我们会维持好账户流动性，关注核心品种性价比变化和非银负债端情况，更多精力放在挖掘绝对收益仍有一定吸引力的信用债。","fund":{"_id":3000000010168,"__csrcFundId":8330,"stockCode":"010168","shortName":"天弘安利短债(010168)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":10168,"masterFundFlag":1,"lastUpdated":"2026-04-30T22:11:09.446Z","status":"normal","inceptionDate":"2020-11-23T16:00:00.000Z","name":"天弘安利短债债券型证券投资基金","exchange":"jj","followedNum":2,"fundCollectionId":4000050430000,"currency":"CNY","masterFundShortName":"天弘安利短债","setUpDate":"2020-11-23T16:00:00.000Z","setUpAssetScale":18175585.3,"setUpShares":18175585.3,"pinyin":"thaldzzqxzqtzjj","managers":[{"stockCode":"db20894362","stockType":"fund_manager","exchange":"fm","tickerId":31924232950,"name":"程仕湘"},{"stockCode":"j101019595","stockType":"fund_manager","exchange":"fm","tickerId":2504242650,"name":"袁东"}]},"announcement":{"linkText":"天弘安利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=1340653","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecd617fea5b3eb04d8c70","date":"2025-03-30T16:00:00.000Z","stockId":3000000010168,"sao":"一季度随着银行间资金面收紧，债券市场出现明显调整，基本回吐了去年末的涨幅，3月中下旬后随着资金面的缓和，市场逐步企稳。操作方面，年初我们考虑到债市已对宽松货币政策透支较为严重，整体性价比偏低，所以适当降低了一定杠杆和久期，季度内采取了较为谨慎的策略，季末适当增加了一定久期。","declarationDate":"2025-04-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:38:41.831Z","fund":{"_id":3000000010168,"__csrcFundId":8330,"stockCode":"010168","shortName":"天弘安利短债(010168)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":10168,"masterFundFlag":1,"lastUpdated":"2026-04-30T22:11:09.446Z","status":"normal","inceptionDate":"2020-11-23T16:00:00.000Z","name":"天弘安利短债债券型证券投资基金","exchange":"jj","followedNum":2,"fundCollectionId":4000050430000,"currency":"CNY","masterFundShortName":"天弘安利短债","setUpDate":"2020-11-23T16:00:00.000Z","setUpAssetScale":18175585.3,"setUpShares":18175585.3,"pinyin":"thaldzzqxzqtzjj","managers":[{"stockCode":"db20894362","stockType":"fund_manager","exchange":"fm","tickerId":31924232950,"name":"程仕湘"},{"stockCode":"j101019595","stockType":"fund_manager","exchange":"fm","tickerId":2504242650,"name":"袁东"}]},"announcement":{"linkText":"天弘安利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=1269964","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecd617fea5b3eb04d8c6f","date":"2024-12-30T16:00:00.000Z","stockId":3000000010168,"sao":"1月市场对于经济的悲观情绪进一步蔓延，权益走弱，宽货币发力，叠加年初配置需求堆积，利率全月单边下行，十年和三十年国债收益率创历史新低，2月收益率呈现单边下行趋势，上旬行情在权益下跌和经济悲观预期中启动，下旬在宽松流动性和节后回流配置推动下加速，3月围绕刺激政策和发债预期进行博弈，市场波动性加大，收益率陷入震荡，中短端表现更好。4月银行间流动性堆积使得资产荒加剧，央行月初和月末两次提及长期收益率要和经济回升预期相匹配，并指导农商长债买入规模，月初的指导与降存款利率、超长期特别国债二季度发行缺席等利好对冲，而月末在曲线新低后的指导伴随着存单提价催生了一轮急速调整，全月行情呈现V行走势，5月债市在基本面利多以及地产政策频出、特别国债发行等利空出尽的情况下震荡下行，月中、月底，央行两次对于长端利率过低进行表态，收益率大幅上行，两次喊话几乎平滑前期一半的涨幅，6月央行对于长端利率下行态度有所软化，叠加基本面数据依然较弱和跨季资金面稳定，债市打破平衡开启收益率下行。7-8月份债券市场收益率随着央行的调控呈现先下后上随后陷入震荡的状态，9月下旬前，市场对于宽松货币政策预期升温，带动收益率出现一波下行行情，月底随着经济刺激政策的陆续公布，收益率出现快速调整。10月的债券市场逐步从9月末踩踏行情中走出，全月在财政刺激预期的博弈中窄幅震荡，而后经过10月份的震荡行情，市场逐步消化了前期预期过高的刺激政策，收益率逐步开启下行，进入12月以后，在同业存款利率降低、货币政策转向适度宽松的定调等事件的推动下，叠加年末机构配置力量增强，债券收益率走出一波较为顺畅的下行。操作方面，一季度我们适当降低了一定久期，保持了中性偏高的杠杆，继续配置性价比较高的中短端债券，二季度我们在季内逐步提升了一定久期，保持了中性偏高的杠杆，7-8月我们保持了相对较为积极的操作，进入9月以后，观察到市场博弈氛围较重，信用债性价比偏低，我们逐步降低了一定杠杆和久期，并重点提高账户流动性，10-11月我们保持相对中性的操作，进入12月以后，考虑到货币政策的转向以及同业存款下调政策的推出，我们适当提升了一定久期。","declarationDate":"2025-01-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:38:41.828Z","mo":"展望后续，我们认为宏观经济整体处于偏弱状态，实体融资需求不强，预计暂时不足以对债券市场形成明显利空；货币政策方面，当前的宏观状态决定了货币政策较难收紧，但需要关注的是在汇率压力和央行不希望长端过快下行的背景下，央行可能通过阶段性适度收紧资金面对市场进行调控，另外，大行超储偏弱的状态也需要后续央行进行投放解决；机构行为层面，预计今年理财规模仍有望保持一定增长，对债券尤其是绝对收益具备吸引力的中短信用债或将形成一定配置支撑，不过居民风险偏好相比去年有所提升，可能对于债券资产的配置情况弱于去年。综合上述情况，我们认为今年债市或将处于低位高波的状态，操作难度明显增加，配置上需要更加左侧，账户会继续寻找中短期限绝对收益机会较高的个券进行配置，同时择机进行一定波段操作。","fund":{"_id":3000000010168,"__csrcFundId":8330,"stockCode":"010168","shortName":"天弘安利短债(010168)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":10168,"masterFundFlag":1,"lastUpdated":"2026-04-30T22:11:09.446Z","status":"normal","inceptionDate":"2020-11-23T16:00:00.000Z","name":"天弘安利短债债券型证券投资基金","exchange":"jj","followedNum":2,"fundCollectionId":4000050430000,"currency":"CNY","masterFundShortName":"天弘安利短债","setUpDate":"2020-11-23T16:00:00.000Z","setUpAssetScale":18175585.3,"setUpShares":18175585.3,"pinyin":"thaldzzqxzqtzjj","managers":[{"stockCode":"db20894362","stockType":"fund_manager","exchange":"fm","tickerId":31924232950,"name":"程仕湘"},{"stockCode":"j101019595","stockType":"fund_manager","exchange":"fm","tickerId":2504242650,"name":"袁东"}]},"announcement":{"linkText":"天弘安利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=1252217","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecd617fea5b3eb04d8c6e","date":"2024-09-29T16:00:00.000Z","stockId":3000000010168,"sao":"7-8月份债券市场收益率随着央行的调控呈现先下后上随后陷入震荡的状态，9月下旬前，市场对于宽松货币政策预期升温，带动收益率出现一波下行行情，月底随着经济刺激政策的陆续公布，收益率出现快速调整。操作方面，我们在7-8月保持了相对较为积极的操作，进入9月以后，观察到市场博弈氛围较重，信用债性价比偏低，我们逐步降低了一定杠杆和久期，并重点提高账户流动性。","declarationDate":"2024-10-24T16:00:00.000Z","lastUpdated":"2026-03-09T13:38:41.826Z","fund":{"_id":3000000010168,"__csrcFundId":8330,"stockCode":"010168","shortName":"天弘安利短债(010168)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":10168,"masterFundFlag":1,"lastUpdated":"2026-04-30T22:11:09.446Z","status":"normal","inceptionDate":"2020-11-23T16:00:00.000Z","name":"天弘安利短债债券型证券投资基金","exchange":"jj","followedNum":2,"fundCollectionId":4000050430000,"currency":"CNY","masterFundShortName":"天弘安利短债","setUpDate":"2020-11-23T16:00:00.000Z","setUpAssetScale":18175585.3,"setUpShares":18175585.3,"pinyin":"thaldzzqxzqtzjj","managers":[{"stockCode":"db20894362","stockType":"fund_manager","exchange":"fm","tickerId":31924232950,"name":"程仕湘"},{"stockCode":"j101019595","stockType":"fund_manager","exchange":"fm","tickerId":2504242650,"name":"袁东"}]},"announcement":{"linkText":"天弘安利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=1173011","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecd617fea5b3eb04d8c6d","date":"2024-06-29T16:00:00.000Z","stockId":3000000010168,"sao":"1月市场对于经济的悲观情绪进一步蔓延，权益震荡，宽货币发力，叠加年初配置需求堆积，利率全月单边下行，十年和三十年国债收益率创历史新低，2月收益率呈现单边下行趋势，上旬行情在权益下跌和经济悲观预期中启动，下旬在宽松流动性和节后回流配置推动下加速，3月围绕刺激政策和发债预期进行博弈，市场波动性加大，收益率陷入震荡，中短端表现更好，4月银行间流动性堆积使得资产荒加剧，央行月初和月末两次提及长期收益率要和经济回升预期相匹配，并指导农商长债买入规模，月初的指导与降存款利率、超长期特别国债二季度发行缺席等利好对冲，而月末在曲线新低后的指导伴随着存单提价催生了一轮急速调整，全月行情呈现V行走势，5月债市在基本面利多以及地产政策频出、特别国债发行等利空出尽的情况下震荡下行，月中、月底，央行两次对于长端利率过低进行表态，收益率大幅上行，两次喊话几乎都抹去前期一半的涨幅，6月央行对于长端利率下行态度有所软化，叠加基本面数据依然较弱和跨季资金面稳定，债市打破平衡开启收益率下行。操作方面，一季度我们适当降低了一定久期，保持了中性偏高的杠杆，二季度我们在季内逐步提升了一定久期，保持了中性偏高的杠杆，继续配置性价比较高的中短端债券。","declarationDate":"2024-07-18T16:00:00.000Z","lastUpdated":"2026-03-09T13:38:41.823Z","mo":"展望后期，我们认为宏观经济仍然较弱，资金面将维持较为宽松的状态，目前中小行和非银仍然处于资金较为充裕的情况，后续如果出现调控风险，预计央行也不愿意看到债市出现明显下跌，因为这可能会引发中小银行和理财等机构的次生风险，同时也不利于目前经济较弱环境下的复苏，反而容易引起新的舆情问题。整体来看，我们认为市场出现大幅持续调整的风险可控，后续需要关注三季度后期开始政府债发行加速以后对于资金面的扰动情况。","fund":{"_id":3000000010168,"__csrcFundId":8330,"stockCode":"010168","shortName":"天弘安利短债(010168)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":10168,"masterFundFlag":1,"lastUpdated":"2026-04-30T22:11:09.446Z","status":"normal","inceptionDate":"2020-11-23T16:00:00.000Z","name":"天弘安利短债债券型证券投资基金","exchange":"jj","followedNum":2,"fundCollectionId":4000050430000,"currency":"CNY","masterFundShortName":"天弘安利短债","setUpDate":"2020-11-23T16:00:00.000Z","setUpAssetScale":18175585.3,"setUpShares":18175585.3,"pinyin":"thaldzzqxzqtzjj","managers":[{"stockCode":"db20894362","stockType":"fund_manager","exchange":"fm","tickerId":31924232950,"name":"程仕湘"},{"stockCode":"j101019595","stockType":"fund_manager","exchange":"fm","tickerId":2504242650,"name":"袁东"}]},"announcement":{"linkText":"天弘安利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=1145786","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecd617fea5b3eb04d8c6c","date":"2024-03-30T16:00:00.000Z","stockId":3000000010168,"sao":"1月市场对于经济的较为悲观情绪进一步蔓延，权益下跌，宽货币发力，叠加年初配置需求堆积，利率全月单边下行，十年和三十年国债收益率创历史新低，2月收益率呈现单边下行趋势，上旬行情在权益下跌和经济悲观预期中启动，下旬在宽松流动性和节后回流配置推动下加速，3月围绕刺激政策和发债预期进行博弈，市场波动性加大，收益率陷入震荡，中短端表现更好。操作方面，我们适当降低了一定久期，保持了中性偏高的杠杆，继续配置性价比较高的中短端债券。","declarationDate":"2024-04-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:38:41.820Z","fund":{"_id":3000000010168,"__csrcFundId":8330,"stockCode":"010168","shortName":"天弘安利短债(010168)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":10168,"masterFundFlag":1,"lastUpdated":"2026-04-30T22:11:09.446Z","status":"normal","inceptionDate":"2020-11-23T16:00:00.000Z","name":"天弘安利短债债券型证券投资基金","exchange":"jj","followedNum":2,"fundCollectionId":4000050430000,"currency":"CNY","masterFundShortName":"天弘安利短债","setUpDate":"2020-11-23T16:00:00.000Z","setUpAssetScale":18175585.3,"setUpShares":18175585.3,"pinyin":"thaldzzqxzqtzjj","managers":[{"stockCode":"db20894362","stockType":"fund_manager","exchange":"fm","tickerId":31924232950,"name":"程仕湘"},{"stockCode":"j101019595","stockType":"fund_manager","exchange":"fm","tickerId":2504242650,"name":"袁东"}]},"announcement":{"linkText":"天弘安利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=1069894","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecd617fea5b3eb04d8c6b","date":"2023-12-30T16:00:00.000Z","stockId":3000000010168,"sao":"2023年一月的跨春节时点资金面波动较大，不过在央行的呵护下整体平稳，降息落空叠加经济复苏预期带动利率债长端上行，信用债受到资金面影响较大，曲线整体陡峭化，二月资金面波动幅度较大，经济数据处于空窗期，下旬受到央行指导银行信贷投放节奏和高频数据好转的影响，利率长债明显上行，信用债在机构较强配置影响下表现偏强，尤其中等资质主体利差压缩明显，进入三月后，随着经济数据落地，叠加增长目标的相对克制和降准落地，宏观周期和货币政策对于债市的压制减弱，债市配置力量持续偏强，带动收益率整体下行信用利差压缩，四月资金面整体宽松，资金利率仅在税期前后小幅走高，缴税结束后资金价格再度回落，债市围绕着经济数据和政治局会议演绎两次利空出尽，配合定期存款利率调降、税期月末流动性宽松以及下旬权益大跌，总体延续多头情绪，曲线平坦化，五月全月资金面维持宽松，利率中枢下移，信用分层现象仍然存在，期限利差极限压缩，基本面走弱较快，虽然降息缺席但存款利率下调落地，资金利率中枢下移，曲线大幅陡峭化下行，六月跨季资金面整体平稳，债市在超预期降息和稳增长政策担忧中走出一轮过山车行情，下旬在低于预期的刺激政策中收益率重回下行，七月资金面整体宽松，中上旬收益率整体以下行为主，月末在政治局较为积极的政策影响下有所上行，八月上半月资金面均衡宽松，下半月受地方债发行提速、税期走款、汇率压力以及央行“防空转”表态影响，银行间资金面呈现超季节性偏紧，隔夜利率显著抬升，现券方面中旬社融崩塌后央行意外非对称降息，债市下行，下旬资金收紧和权益走强等共同推动债市触底开始调整，九月汇率和发债影响仍未缓解，资金面较为紧张，利率整体明显上行，十月政府债天量发行持续消耗流动性，资金面收敛波动加大，税期央行呵护力度加强，一万亿国债落地后流动性出现边际缓和，十一月资金体感波动仍大，央行开展大额MLF但降准降息缺席，基本面延续弱势且市场预期明年财政难有明显发力，短端收跌但长端震荡，曲线进一步走平，十二月跨年资金宽松，曲线陡峭化下行。操作方面，年初时点账户基本保持了中性杠杆和中低久期的状态，进入三月后，我们跟踪的机构配置力量持续偏强，尤其是保险资金的净买入情况较超预期，叠加前期担忧的宏观和货币政策因素都有所缓解，所以我们适当拉长了一定账户久期，后续整体维持了中性偏高的杠杆和久期，降息后我们考虑到赔率的降低和跨季资金的潜在波动，适当降低了一定杠杆，同时调整了持仓结构，增加了流动性较高的资产配置比例，8月开始我们观察到资金面出现超季节性偏紧的情况，在进入季末前适当降低了一定账户杠杆和久期，年末时点在观察到资金面没有出现进一步收紧以后我们适当提升了一定杠杆和久期，并继续参与具有一定性价比的短端债券。","declarationDate":"2024-01-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:38:41.818Z","mo":"展望后续，我们认为宏观层面，地产在内生需求不强的大背景下复苏可持续性不强，整体经济预计呈现缓慢恢复的情况；货币政策层面，在经济仍然处于偏弱状态时，预计货币政策不会主动收紧；机构行为层面，今年保险和理财都面临相对较大的资产再配置压力，且理财目前整体抗风险能力相比2022年底有一定提升。综合上述情况，我们债市需要结合估值和政策节奏进行行情把握,账户会继续寻找中短期限绝对收益较高的个券进行配置，同时择机进行一定波段操作。","fund":{"_id":3000000010168,"__csrcFundId":8330,"stockCode":"010168","shortName":"天弘安利短债(010168)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":10168,"masterFundFlag":1,"lastUpdated":"2026-04-30T22:11:09.446Z","status":"normal","inceptionDate":"2020-11-23T16:00:00.000Z","name":"天弘安利短债债券型证券投资基金","exchange":"jj","followedNum":2,"fundCollectionId":4000050430000,"currency":"CNY","masterFundShortName":"天弘安利短债","setUpDate":"2020-11-23T16:00:00.000Z","setUpAssetScale":18175585.3,"setUpShares":18175585.3,"pinyin":"thaldzzqxzqtzjj","managers":[{"stockCode":"db20894362","stockType":"fund_manager","exchange":"fm","tickerId":31924232950,"name":"程仕湘"},{"stockCode":"j101019595","stockType":"fund_manager","exchange":"fm","tickerId":2504242650,"name":"袁东"}]},"announcement":{"linkText":"天弘安利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=1053617","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecd617fea5b3eb04d8c6a","date":"2023-09-29T16:00:00.000Z","stockId":3000000010168,"sao":"7月资金面整体宽松，中上旬收益率整体以下行为主，月末在政治局较为积极的政策影响下有所上行，8月上半月资金面均衡宽松，下半月受地方债发行提速、税期走款、汇率压力以及央行“防空转”表态影响，银行间资金面呈现超季节性偏紧，隔夜利率显著抬升，现券方面中旬社融崩塌后央行意外非对称降息，债市下行，下旬资金收紧和权益走强等共同推动债市触底开始调整，9月汇率和发债影响仍未缓解，资金面较为紧张，利率整体明显上行。操作方面，我们观察到8月开始资金面出现超季节性偏紧的情况，在进入季末前主动降低了账户杠杆和久期，维持了较为稳健的操作，并继续参与具有一定性价比的短端债券。","declarationDate":"2023-10-24T16:00:00.000Z","lastUpdated":"2026-03-09T13:38:41.815Z","fund":{"_id":3000000010168,"__csrcFundId":8330,"stockCode":"010168","shortName":"天弘安利短债(010168)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":10168,"masterFundFlag":1,"lastUpdated":"2026-04-30T22:11:09.446Z","status":"normal","inceptionDate":"2020-11-23T16:00:00.000Z","name":"天弘安利短债债券型证券投资基金","exchange":"jj","followedNum":2,"fundCollectionId":4000050430000,"currency":"CNY","masterFundShortName":"天弘安利短债","setUpDate":"2020-11-23T16:00:00.000Z","setUpAssetScale":18175585.3,"setUpShares":18175585.3,"pinyin":"thaldzzqxzqtzjj","managers":[{"stockCode":"db20894362","stockType":"fund_manager","exchange":"fm","tickerId":31924232950,"name":"程仕湘"},{"stockCode":"j101019595","stockType":"fund_manager","exchange":"fm","tickerId":2504242650,"name":"袁东"}]},"announcement":{"linkText":"天弘安利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=987653","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecd617fea5b3eb04d8c69","date":"2023-06-29T16:00:00.000Z","stockId":3000000010168,"sao":"一月的跨春节时点资金面波动较大，不过在央行的呵护下整体平稳，降息落空叠加经济复苏预期带动利率债长端上行，信用债受到资金面影响较大，曲线整体陡峭化；二月资金面波动幅度较大，经济数据处于空窗期，下旬受到央行指导银行信贷投放节奏和高频数据好转的影响，利率长债明显上行，信用债在机构较强配置影响下表现偏强，尤其中等资质主体利差压缩明显；进入三月后，随着经济数据落地，叠加增长目标的相对克制和降准落地，宏观周期和货币政策对于债市的压制减弱，债市配置力量持续偏强，带动收益率整体下行信用利差压缩；四月资金面整体宽松，资金利率仅在税期前后小幅走高，缴税结束后资金价格再度回落，债市围绕着经济数据和政治局会议演绎两次利空出尽，配合定期存款利率调降、税期月末流动性宽松以及下旬权益大跌，总体延续多头情绪，曲线平坦化，五月全月资金面维持宽松，利率中枢下移，信用分层现象仍然存在，期限利差极限压缩，基本面走弱较快，虽然降息缺席但存款利率下调落地，资金利率中枢下移，曲线大幅陡峭化下行，六月跨季资金面整体平稳，债市在超预期降息和稳增长政策担忧中走出一轮过山车行情，下旬在低于预期的刺激政策中收益率重回下行。操作方面，我们在二季度观察到宏观层面中地产数据持续走弱，同时政府在刺激政策层面保持了相对较强的定力，我们适当拉长了一定久期，降息后我们考虑到赔率的降低和跨季资金的潜在波动，适当降低了一定杠杆，同时调整了持仓结构，增加了流动性较高的资产配置比例。","declarationDate":"2023-07-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:38:41.812Z","mo":"展望后期，我们认为宏观层面，地产行业在缺乏内生需求的大背景下复苏进度会比较缓慢，不过随着经济表现逐步走低，需要关注政策可能出现一定边际发力，但是我们认为从今年以来政府的表态和已经出台的政策来看整体定力较强，强刺激的概率相对较低；货币政策层面，在经济仍然处于偏弱状态时，预计货币政策不会主动收紧，不过相比于去年最为宽松的状态边际会有一定收缩，资金面的波动性可能会有增加；机构行为层面，二季度以来理财规模出现边际增长，净买入情况恢复较为明显，保险等机构的配置力量持续，整体来看机构行为层面对债市形成了一定支撑。需要关注，降息以后债市的赔率有所下降，不过我们认为大幅回调的风险可控，后续需要重点关注刺激政策是否存在超预期的边际变化。我们会继续采取稳健的投资策略，遵循资产负债相匹配的原则，动态调整组合久期，合理使用杠杆，稳健配置资产，保持好组合的流动性。","fund":{"_id":3000000010168,"__csrcFundId":8330,"stockCode":"010168","shortName":"天弘安利短债(010168)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":10168,"masterFundFlag":1,"lastUpdated":"2026-04-30T22:11:09.446Z","status":"normal","inceptionDate":"2020-11-23T16:00:00.000Z","name":"天弘安利短债债券型证券投资基金","exchange":"jj","followedNum":2,"fundCollectionId":4000050430000,"currency":"CNY","masterFundShortName":"天弘安利短债","setUpDate":"2020-11-23T16:00:00.000Z","setUpAssetScale":18175585.3,"setUpShares":18175585.3,"pinyin":"thaldzzqxzqtzjj","managers":[{"stockCode":"db20894362","stockType":"fund_manager","exchange":"fm","tickerId":31924232950,"name":"程仕湘"},{"stockCode":"j101019595","stockType":"fund_manager","exchange":"fm","tickerId":2504242650,"name":"袁东"}]},"announcement":{"linkText":"天弘安利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=963245","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecd617fea5b3eb04d8c68","date":"2023-03-30T16:00:00.000Z","stockId":3000000010168,"sao":"一月的跨春节时点资金面波动较大，不过在央行的呵护下整体平稳，降息落空叠加经济复苏预期带动利率债长端上行，信用债受到资金面影响较大，曲线整体陡峭化；二月资金面波动幅度较大，经济数据处于空窗期，下旬受到央行指导银行信贷投放节奏和高频数据好转的影响，利率长债明显上行，信用债在机构较强配置影响下表现偏强，尤其中等资质主体利差压缩明显；进入三月后，随着经济数据落地，叠加增长目标的相对克制和降准落地，宏观周期和货币政策对于债市的压制减弱，债市配置力量持续偏强，带动收益率整体下行信用利差压缩。操作方面，天弘安利短债采取稳健的投资策略，遵循资产负债相匹配的原则，动态调整组合久期，合理使用杠杆，稳健配置资产。本基金在报告期内，为持有人创造了与风险相匹配的收益。","declarationDate":"2023-04-22T16:00:00.000Z","lastUpdated":"2026-03-09T13:38:41.810Z","fund":{"_id":3000000010168,"__csrcFundId":8330,"stockCode":"010168","shortName":"天弘安利短债(010168)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":10168,"masterFundFlag":1,"lastUpdated":"2026-04-30T22:11:09.446Z","status":"normal","inceptionDate":"2020-11-23T16:00:00.000Z","name":"天弘安利短债债券型证券投资基金","exchange":"jj","followedNum":2,"fundCollectionId":4000050430000,"currency":"CNY","masterFundShortName":"天弘安利短债","setUpDate":"2020-11-23T16:00:00.000Z","setUpAssetScale":18175585.3,"setUpShares":18175585.3,"pinyin":"thaldzzqxzqtzjj","managers":[{"stockCode":"db20894362","stockType":"fund_manager","exchange":"fm","tickerId":31924232950,"name":"程仕湘"},{"stockCode":"j101019595","stockType":"fund_manager","exchange":"fm","tickerId":2504242650,"name":"袁东"}]},"announcement":{"linkText":"天弘安利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=887700","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecd617fea5b3eb04d8c67","date":"2022-12-30T16:00:00.000Z","stockId":3000000010168,"sao":"2022年宏观经济受疫情扰动较大，稳增长政策逐步出台。债券市场收益率3月到9月整体呈现持续下行态势，本基金采取了较为积极的久期策略和杠杆策略。四季度，货币市场波动增加叠加经济筑底反弹的预期抬升，债券市场调整较为明显，收益率整体出现一定幅度的上行；本基金以坚持投资短久期、高等级债券为主，主动降低基金的久期和杠杆，保证了基金的流动性。","declarationDate":"2023-01-27T16:00:00.000Z","lastUpdated":"2026-03-09T13:38:41.807Z","mo":"展望2023年，国内经济或呈恢复发展态势，疫情对经济的影响将大幅下降。政策方面，经济恢复的基础尚不牢固，预计货币政策将继续保持相对宽松，财政政策加力提效，起到提振内需的作用。我们认为，货币市场利率将围绕政策利率上下波动，较长的期限难以对组合形成有效的超额收益。2023年本基金仍将保持稳健的投资风格，以获取稳定的票息收益为主要目标。","fund":{"_id":3000000010168,"__csrcFundId":8330,"stockCode":"010168","shortName":"天弘安利短债(010168)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":10168,"masterFundFlag":1,"lastUpdated":"2026-04-30T22:11:09.446Z","status":"normal","inceptionDate":"2020-11-23T16:00:00.000Z","name":"天弘安利短债债券型证券投资基金","exchange":"jj","followedNum":2,"fundCollectionId":4000050430000,"currency":"CNY","masterFundShortName":"天弘安利短债","setUpDate":"2020-11-23T16:00:00.000Z","setUpAssetScale":18175585.3,"setUpShares":18175585.3,"pinyin":"thaldzzqxzqtzjj","managers":[{"stockCode":"db20894362","stockType":"fund_manager","exchange":"fm","tickerId":31924232950,"name":"程仕湘"},{"stockCode":"j101019595","stockType":"fund_manager","exchange":"fm","tickerId":2504242650,"name":"袁东"}]},"announcement":{"linkText":"天弘安利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=870156","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecd617fea5b3eb04d8c66","date":"2022-09-29T16:00:00.000Z","stockId":3000000010168,"sao":"经济层面，三季度国内经济总体呈现恢复发展态势，也仍面临较大的压力。需求方面，受海外经济体需求转弱影响，前期保持强势的出口增速出现下滑；国内消费在逐步改善之中。投资方面，地产投资仍显偏弱，制造业投资增速较快，补链强链转型升级等较为明显。政府支出方面加大基础设施项目建设。“三架马车”有弱有强，三季度经济总体恢复回稳。政策层面，三季度把稳增长放在更加重要的位置上，加大宏观政策实施力度。货币政策方面，强化跨周期和逆周期调节，加大稳健货币政策实施力度。8月15日央行下调公开市场操作利率10bp，8月20日5年期LPR报价下调15bp至4.30%。财政政策方面，三季度合计新增6000亿政策性金融工具额度和8000亿开发性银行贷款额度推进项目落实，支持地方政府新增发行并用好5000亿专项债务限额。地产政策方面，继续实行因城施策，支持刚性和改善性住房需求，推动“保交楼”专项借款加快落地。资金层面，三季度银行间资金面保持整体平稳，保持流动性合理充裕。以DR007加权利率为代表的市场利率在7月-8月整体小幅下行、中枢降至1.40%左右，9月受季末因素影响小幅上行、中枢逐渐升至1.60%左右。三季度，债券市场收益率走出了先下后上的行情，而1年以内短端债券收益率下行明显。天弘安利短债采取稳健的投资策略，遵循资产负债相匹配的原则，动态调整组合久期，合理使用杠杆，稳健配置资产。本基金在报告期内，为持有人创造了与风险相匹配的收益。","declarationDate":"2022-10-25T16:00:00.000Z","lastUpdated":"2026-03-09T13:38:41.805Z","fund":{"_id":3000000010168,"__csrcFundId":8330,"stockCode":"010168","shortName":"天弘安利短债(010168)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":10168,"masterFundFlag":1,"lastUpdated":"2026-04-30T22:11:09.446Z","status":"normal","inceptionDate":"2020-11-23T16:00:00.000Z","name":"天弘安利短债债券型证券投资基金","exchange":"jj","followedNum":2,"fundCollectionId":4000050430000,"currency":"CNY","masterFundShortName":"天弘安利短债","setUpDate":"2020-11-23T16:00:00.000Z","setUpAssetScale":18175585.3,"setUpShares":18175585.3,"pinyin":"thaldzzqxzqtzjj","managers":[{"stockCode":"db20894362","stockType":"fund_manager","exchange":"fm","tickerId":31924232950,"name":"程仕湘"},{"stockCode":"j101019595","stockType":"fund_manager","exchange":"fm","tickerId":2504242650,"name":"袁东"}]},"announcement":{"linkText":"天弘安利短债债券型证券投资基金2022年第三季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=805344","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecd617fea5b3eb04d8c65","date":"2022-06-29T16:00:00.000Z","stockId":3000000010168,"sao":"上半年货币和债券市场整体平稳运行。1年及以内的短期债券，一季度收益率呈现为窄幅震荡；二季度受央行降准降息影响，收益率出现较大幅度下行。天弘安利短债采取稳健的投资策略，遵循资产负债相匹配的原则，保持了中性的组合久期，合理使用杠杆，稳健配置资产。本基金在报告期内，为持有人创造了与风险相匹配的收益。","declarationDate":"2022-07-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:38:41.802Z","mo":"展望下半年，我们认为国内经济整体向上的动能将持续。下半年在财政政策发力下，基建投资增速有望抬升，而房地产投资仍将偏弱。随着人员和物流的恢复以及“促消费”政策的发力，消费的复苏应可持续。欧美通胀高企、经济趋弱，这对我国出口将形成一定的压力。综上，我们认为国内本轮经济复苏的斜率可能较缓，时间可能较长。在这种大背景下，货币政策将回至稳健中性的状态，银行间流动性较二季度疫情期间或边际收紧，债券市场的收益率中枢或小幅上移。本基金将继续保持稳健的投资风格，坚持以短期债券投资为主，以获取稳定的票息收益。","fund":{"_id":3000000010168,"__csrcFundId":8330,"stockCode":"010168","shortName":"天弘安利短债(010168)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":10168,"masterFundFlag":1,"lastUpdated":"2026-04-30T22:11:09.446Z","status":"normal","inceptionDate":"2020-11-23T16:00:00.000Z","name":"天弘安利短债债券型证券投资基金","exchange":"jj","followedNum":2,"fundCollectionId":4000050430000,"currency":"CNY","masterFundShortName":"天弘安利短债","setUpDate":"2020-11-23T16:00:00.000Z","setUpAssetScale":18175585.3,"setUpShares":18175585.3,"pinyin":"thaldzzqxzqtzjj","managers":[{"stockCode":"db20894362","stockType":"fund_manager","exchange":"fm","tickerId":31924232950,"name":"程仕湘"},{"stockCode":"j101019595","stockType":"fund_manager","exchange":"fm","tickerId":2504242650,"name":"袁东"}]},"announcement":{"linkText":"天弘安利短债债券型证券投资基金2022年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=784825","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecd617fea5b3eb04d8c64","date":"2022-03-30T16:00:00.000Z","stockId":3000000010168,"sao":"经济层面，国内1-2月经济数据表现较好，但经济仍面临多重压力、复苏基础尚不牢固。内需方面，3月在疫情多发、防控力度加大情况下，消费将受到一定影响；外需方面，在美国经济复苏、库存回补即将结束的情况下，我国出口增速也存在一定的下行压力。投资方面，制造业投资保持了韧性，而地产投资尚未看到明显改善。通胀方面，1-2月CPI同比增速仅0.9%、而PPI同比增速高达9%左右，在地缘冲突影响下3月PPI或将维持高位。政策层面，今年两会把稳增长放在更加重要的位置上，将GDP目标设定为5.5%，这需要积极的财政政策和稳健偏宽松的货币政策相配合。财政政策方面，减税降费、加大基建投资将是今年的发力点。货币政策方面，央行宣布上缴万亿结存利润配合财政发力维稳经济，并坚持发挥货币政策工具的总量和结构双重功能，将为实体经济提供更有力支持。资金层面，一季度银行间资金面保持整体平稳、中枢小幅下行的运行态势。央行在1月下调了公开市场7天逆回购利率和MLF利率，分别下降10BP至2.10%和2.85%。其后以DR007加权利率为代表的市场利率围绕着2.10%政策利率波动。一季度，债券市场收益率走出了先下后上的行情。天弘安利短债采取稳健的投资策略，遵循资产负债相匹配的原则，动态调整组合久期，合理使用杠杆，稳健配置资产。本基金在报告期内，为持有人创造了与风险相匹配的收益。","declarationDate":"2022-04-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:38:41.799Z","fund":{"_id":3000000010168,"__csrcFundId":8330,"stockCode":"010168","shortName":"天弘安利短债(010168)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":10168,"masterFundFlag":1,"lastUpdated":"2026-04-30T22:11:09.446Z","status":"normal","inceptionDate":"2020-11-23T16:00:00.000Z","name":"天弘安利短债债券型证券投资基金","exchange":"jj","followedNum":2,"fundCollectionId":4000050430000,"currency":"CNY","masterFundShortName":"天弘安利短债","setUpDate":"2020-11-23T16:00:00.000Z","setUpAssetScale":18175585.3,"setUpShares":18175585.3,"pinyin":"thaldzzqxzqtzjj","managers":[{"stockCode":"db20894362","stockType":"fund_manager","exchange":"fm","tickerId":31924232950,"name":"程仕湘"},{"stockCode":"j101019595","stockType":"fund_manager","exchange":"fm","tickerId":2504242650,"name":"袁东"}]},"announcement":{"linkText":"天弘安利短债债券型证券投资基金2022年第一季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=725193","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecd617fea5b3eb04d8c63","date":"2021-12-30T16:00:00.000Z","stockId":3000000010168,"sao":"2021年货币市场整体平稳运行，债券收益率自春节后持续小幅下行，全年呈现出较为明显的“牛市”特征。天弘安利短债采取稳健的投资策略，遵循资产负债相匹配的原则，保持了相对中性的组合久期，合理使用杠杆，稳健配置资产。本基金在报告期内，为持有人创造了与风险相匹配的收益。","declarationDate":"2022-01-23T16:00:00.000Z","lastUpdated":"2026-03-09T13:38:41.797Z","mo":"展望2022年，国内经济或呈前低后高的走势。出口增速将较为平稳，制造业投资趋势走强，房地产投资增速或有较大幅度下降，而基建投资和消费将逐步回暖。政策方面，年初央行降息后，预计货币政策将继续保持相对宽松；财政政策要更加发力，起到对经济的托底作用。我们认为，货币市场利率将围绕政策利率上下波动，债券资产的期限溢价会相对较低，较长的期限难以对组合形成有效的超额收益。2022年本基金仍将保持稳健的投资风格，以获取稳定的票息收益为主要目标。","fund":{"_id":3000000010168,"__csrcFundId":8330,"stockCode":"010168","shortName":"天弘安利短债(010168)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":10168,"masterFundFlag":1,"lastUpdated":"2026-04-30T22:11:09.446Z","status":"normal","inceptionDate":"2020-11-23T16:00:00.000Z","name":"天弘安利短债债券型证券投资基金","exchange":"jj","followedNum":2,"fundCollectionId":4000050430000,"currency":"CNY","masterFundShortName":"天弘安利短债","setUpDate":"2020-11-23T16:00:00.000Z","setUpAssetScale":18175585.3,"setUpShares":18175585.3,"pinyin":"thaldzzqxzqtzjj","managers":[{"stockCode":"db20894362","stockType":"fund_manager","exchange":"fm","tickerId":31924232950,"name":"程仕湘"},{"stockCode":"j101019595","stockType":"fund_manager","exchange":"fm","tickerId":2504242650,"name":"袁东"}]},"announcement":{"linkText":"天弘安利短债债券型证券投资基金2021年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=714452","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecd617fea5b3eb04d8c62","date":"2021-09-29T16:00:00.000Z","stockId":3000000010168,"sao":"经济层面，从需求端来看，三季度出口较为稳定、消费复苏较弱、地产受政策限制；生产端来看，近期能耗双控对工业生产造成一定影响。价格方面，CPI保持低位，而煤炭等商品持续上涨推动PPI同比突破前期高位，结构性通胀的压力仍然存在。政策层面，央行明确了经济存在下行压力，强调关注国内外经济形势的边际变化。外部环境的表述由上季度“依然复杂严峻”转为“更趋严峻”，国内经济的表述由上季度的“稳中加固、稳中向好”转为“国内经济恢复仍然不稳固、不均衡”。在经济下行压力背景下，宏观政策强调跨周期调节，新增“统筹做好今明两年宏观政策衔接”，货币政策坚持“稳字当头”大基调的同时，强调要加强财政、产业、监管政策之间的协调。资金层面，三季度银行间资金面保持了平稳运行。以公开市场逆回购利率、MLF利率为代表的政策利率保持不变，以DR007加权利率为代表的市场利率围绕着2.2%上下波动。在三季度货币市场整体平稳运行、收益率窄幅波动的情况下，天弘安利短债采取稳健的投资策略，遵循资产负债相匹配的原则，坚持以高等级、短久期信用债为主要投资标的，合理使用杠杆，稳健配置资产。本基金在报告期内，为持有人创造了与风险相匹配的收益。","declarationDate":"2021-10-26T16:00:00.000Z","lastUpdated":"2026-03-09T13:38:41.794Z","fund":{"_id":3000000010168,"__csrcFundId":8330,"stockCode":"010168","shortName":"天弘安利短债(010168)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":10168,"masterFundFlag":1,"lastUpdated":"2026-04-30T22:11:09.446Z","status":"normal","inceptionDate":"2020-11-23T16:00:00.000Z","name":"天弘安利短债债券型证券投资基金","exchange":"jj","followedNum":2,"fundCollectionId":4000050430000,"currency":"CNY","masterFundShortName":"天弘安利短债","setUpDate":"2020-11-23T16:00:00.000Z","setUpAssetScale":18175585.3,"setUpShares":18175585.3,"pinyin":"thaldzzqxzqtzjj","managers":[{"stockCode":"db20894362","stockType":"fund_manager","exchange":"fm","tickerId":31924232950,"name":"程仕湘"},{"stockCode":"j101019595","stockType":"fund_manager","exchange":"fm","tickerId":2504242650,"name":"袁东"}]},"announcement":{"linkText":"天弘安利短债债券型证券投资基金2021年第三季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=655442","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecd617fea5b3eb04d8c61","date":"2021-06-29T16:00:00.000Z","stockId":3000000010168,"sao":"上半年货币市场整体平稳运行，债券收益率自春节后持续小幅下行，天弘安利短债采取稳健的投资策略，遵循资产负债相匹配的原则，保持了中性的组合久期，合理使用杠杆，稳健配置资产。本基金在报告期内，为持有人创造了与风险相匹配的收益。","declarationDate":"2021-07-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:38:41.792Z","mo":"展望下半年，国内经济将继续改善，预计出口增速继续向上，制造业投资趋势走强，房地产投资边际转弱，基建投资相对较弱，消费有望将逐步回暖。通胀方面，当下国外通胀走高带动我国工业品价格回升，叠加去年低基数影响，三季度PPI仍或将较高，而CPI则较为温和。政策方面，经过上半年紧信用阶段后，目前中国M2和社融增速已基本和名义GDP增速相匹配，预计下半年货币政策将继续保持友好相对宽松。我们认为，货币市场利率将围绕政策利率上下波动，债券在下半年仍有望能获取较好的票息收益和杠杆收益。","fund":{"_id":3000000010168,"__csrcFundId":8330,"stockCode":"010168","shortName":"天弘安利短债(010168)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":10168,"masterFundFlag":1,"lastUpdated":"2026-04-30T22:11:09.446Z","status":"normal","inceptionDate":"2020-11-23T16:00:00.000Z","name":"天弘安利短债债券型证券投资基金","exchange":"jj","followedNum":2,"fundCollectionId":4000050430000,"currency":"CNY","masterFundShortName":"天弘安利短债","setUpDate":"2020-11-23T16:00:00.000Z","setUpAssetScale":18175585.3,"setUpShares":18175585.3,"pinyin":"thaldzzqxzqtzjj","managers":[{"stockCode":"db20894362","stockType":"fund_manager","exchange":"fm","tickerId":31924232950,"name":"程仕湘"},{"stockCode":"j101019595","stockType":"fund_manager","exchange":"fm","tickerId":2504242650,"name":"袁东"}]},"announcement":{"linkText":"天弘安利短债债券型证券投资基金2021年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=634449","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecd617fea5b3eb04d8c60","stockId":3000000010168,"sao":"一季度国内经济总体延续了复苏态势。1-2月经济数据显示，外部需求有所改善、就地过年对工业生产起到提振作用，主要经济指标增势平稳，宏观指标处于合理区间。结构上看，依旧生产强于需求端。海外经济整体复苏，美欧等发达国家大面积接种疫苗，而发展中国家疫苗推进速度较慢。美国经济复苏强劲，美联储虽继续维持基准利率不变，但认为美国经济复苏和通胀目标“取得实质性进展”之后，将逐步减少美国国债和抵押贷款支持证券的购买规模，态度总体略有改变。国内政策层面，两会报告中关于货币政策和财政政策的表述，整体延续中央经济工作会议的基调。央行一季度货币政策例会对国内经济看法为“积极因素明显增多”，对海外形势虽然提及“复杂严峻”，但也增加了“趋于好转”的表述。信贷方面，央行强调优化结构，总量上要“稳字当头”，保持贷款平稳增长、合理适度，把握好节奏。资金层面，除1月下旬经历了短暂的资金紧张、利率大幅上升外，其余时间内资金面均保持平稳运行。一季度以公开市场逆回购利率、MLF利率为代表的政策利率保持不变，以DR007加权利率为代表的市场利率始终围绕着2.2%上下波动。在一季度货币市场整体平稳运行的情况下，天弘安利短债采取稳健的投资策略，遵循资产配债相匹配的原则，坚持以高等级、短久期信用债为主要投资标的，合理使用杠杆，稳步配置资产。本基金在报告期内，为持有人创造了与风险相匹配的收益。","date":"2021-03-30T16:00:00.000Z","declarationDate":"2021-04-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:38:41.789Z","fund":{"_id":3000000010168,"__csrcFundId":8330,"stockCode":"010168","shortName":"天弘安利短债(010168)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":10168,"masterFundFlag":1,"lastUpdated":"2026-04-30T22:11:09.446Z","status":"normal","inceptionDate":"2020-11-23T16:00:00.000Z","name":"天弘安利短债债券型证券投资基金","exchange":"jj","followedNum":2,"fundCollectionId":4000050430000,"currency":"CNY","masterFundShortName":"天弘安利短债","setUpDate":"2020-11-23T16:00:00.000Z","setUpAssetScale":18175585.3,"setUpShares":18175585.3,"pinyin":"thaldzzqxzqtzjj","managers":[{"stockCode":"db20894362","stockType":"fund_manager","exchange":"fm","tickerId":31924232950,"name":"程仕湘"},{"stockCode":"j101019595","stockType":"fund_manager","exchange":"fm","tickerId":2504242650,"name":"袁东"}]},"announcement":{"linkText":"天弘安利短债债券型证券投资基金2021年第一季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=574177","linkType":"PDF","source":"csrc_pdf"}}]}