window.pageData = {"stock":{"_id":3000000022989,"name":"鹏华丰收债券型证券投资基金","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","status":"normal","stockCode":"022989","tickerId":22989,"shortName":"鹏华丰收债券A","currency":"CNY","exchange":"jj","masterFundFlag":null,"indexFundFlag":null,"activeFundFlag":null,"etfFundFlag":null,"lofFundFlag":null,"pensionTargetFlag":null,"feederFundFlag":null,"classificationFlag":null,"closedEnd":null,"inceptionDate":"2024-12-22T16:00:00.000Z","pinyin":"phfszqxzqtzjj","fundCollectionId":4000050060000,"fundCollection":{"exchange":"jjgs","stockType":"fund_collection","stockCode":"50060000","tickerId":50060000,"name":"鹏华基金管理有限公司"},"managers":[{"name":"祝松","stockType":"fund_manager","stockCode":"db20263201","exchange":"fm","tickerId":2619146020},{"name":"吴国杰","stockType":"fund_manager","stockCode":"db20796555","exchange":"fm","tickerId":230710211880},{"name":"罗姣姣","stockType":"fund_manager","stockCode":"j101020939","exchange":"fm","tickerId":121010269830}],"hotMetrics":{"fss":{"stockId":3000000022989,"type":"fss","last_data_date":"2025-12-30T16:00:00.000Z","f_ins_h_s_r":0.9936,"f_ind_h_s_r":0.0064,"f_h_a":114,"f_ind_h_s_r_c_hy":-0.0092,"f_ins_h_s_r_c_hy":0.009200000000000097,"f_ind_h_s_r_c_1y":-0.9936,"f_ins_h_s_r_c_1y":0.9936},"fpr":{"stockId":3000000022989,"type":"fpr","f_p_r_fys_ssc":7460,"f_p_r_fys_ssrp":0.9911516289046789,"f_p_r_m1_ssc":7594,"f_p_r_m1_ssrp":0.9749769524562096,"f_cagr_p_r_fs_ssc":7294,"f_cagr_p_r_fs_ssrp":0.4057315233785822,"f_p_r_m3_ssc":7519,"f_p_r_m3_ssrp":0.9494546421920723,"f_p_r_m6_ssc":7328,"f_p_r_m6_ssrp":0.9871707383649515,"f_p_r_y1_ssc":6858,"f_p_r_y1_ssrp":0.1997958290797725},"fp":{"stockId":3000000022989,"type":"fp","f_p_r_d1":0,"f_p_r_fys":-0.007608204621233017,"f_cagr_p_r_fs":0.031803841416020884,"f_p_r_m1":-0.00382043935052534,"last_data_date":"2026-05-18T16:00:00.000Z","f_p_r_m3":-0.0028680688336522042,"f_p_r_m6":-0.008549752814192124,"f_p_r_y1":0.03464213914241743},"ff":{"stockId":3000000022989,"type":"ff","f_m_f":504445,"f_m_f_r":0.006,"f_c_f":168148,"f_c_f_r":0.002,"f_m_a_c_f":672593,"f_m_a_c_f_r":0.008,"f_m_c_f_d":"2024-12-19T16:00:00.000Z","f_c_fr":0.002,"f_fr_d":"2026-05-07T16:00:00.000Z","f_m_fr":0.006,"f_mac_fr":0.008},"f_nlacan":{"stockId":3000000022989,"type":"f_nlacan","f_nv_d":"2026-05-18T16:00:00.000Z","f_nv":1.043,"f_nv_cr":0.0009596928982724684},"f_as":{"stockId":3000000022989,"type":"f_as","f_tas":212194700.899,"f_tas_d":"2026-03-30T16:00:00.000Z"}},"masterSlaveFunds":[{"_id":3000000160612,"__csrcFundId":159,"stockCode":"160612","shortName":"鹏华丰收债券(160612)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":160612,"masterFundFlag":1,"lastUpdated":"2026-05-01T06:33:12.477Z","status":"normal","inceptionDate":"2008-05-27T16:00:00.000Z","name":"鹏华丰收债券型证券投资基金","exchange":"jj","followedNum":3,"fundCollectionId":4000050060000,"currency":"CNY","masterFundShortName":"鹏华丰收债券","pinyin":"phfszqxzqtzjj","memoNum":1},{"_id":3000000022990,"name":"鹏华丰收债券型证券投资基金","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","status":"normal","stockCode":"022990","tickerId":22990,"shortName":"鹏华丰收债券C","currency":"CNY","__csrcFundId":159,"exchange":"jj","masterFundFlag":null,"indexFundFlag":null,"activeFundFlag":null,"etfFundFlag":null,"lofFundFlag":null,"pensionTargetFlag":null,"feederFundFlag":null,"classificationFlag":null,"closedEnd":null,"lastUpdated":"2025-01-06T07:57:23.006Z","inceptionDate":"2024-12-22T16:00:00.000Z","pinyin":"phfszqxzqtzjj","fundCollectionId":4000050060000,"tradingAbnormalDate":"2025-01-05T16:00:00.000Z","followedNum":1},{"_id":3000000022991,"name":"鹏华丰收债券型证券投资基金","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","status":"normal","stockCode":"022991","tickerId":22991,"shortName":"鹏华丰收债券D","currency":"CNY","__csrcFundId":159,"exchange":"jj","masterFundFlag":null,"indexFundFlag":null,"activeFundFlag":null,"etfFundFlag":null,"lofFundFlag":null,"pensionTargetFlag":null,"feederFundFlag":null,"classificationFlag":null,"closedEnd":null,"lastUpdated":"2025-01-06T07:57:23.009Z","inceptionDate":"2024-12-22T16:00:00.000Z","pinyin":"phfszqxzqtzjj","fundCollectionId":4000050060000}],"shareholdings":[{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-20T16:00:00.000Z","fundId":3000000160612,"stockId":300750,"holdings":8700,"marketCap":3494790,"netValueRatio":0.0079,"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":3000000160612,"stockId":601800,"holdings":396700,"marketCap":3018887,"netValueRatio":0.0068,"quarterlyChange":-0.06341153290959489,"stock":{"stockCode":"601800","exchange":"sh","stockType":"company","tickerId":601800,"name":"中国交建"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-20T16:00:00.000Z","fundId":3000000160612,"stockId":2043,"holdings":195600,"marketCap":3004416,"netValueRatio":0.0068,"quarterlyChange":0.06592643997224235,"stock":{"stockCode":"002043","exchange":"sz","stockType":"company","tickerId":2043,"name":"兔宝宝"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-20T16:00:00.000Z","fundId":3000000160612,"stockId":601668,"holdings":572000,"marketCap":2865720,"netValueRatio":0.0065,"quarterlyChange":-0.023391812865496964,"stock":{"stockCode":"601668","exchange":"sh","stockType":"company","tickerId":601668,"name":"中国建筑"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-20T16:00:00.000Z","fundId":3000000160612,"stockId":600502,"holdings":506000,"marketCap":2848780,"netValueRatio":0.0064,"quarterlyChange":0.2258054337193518,"stock":{"stockCode":"600502","exchange":"sh","stockType":"company","tickerId":600502,"name":"安徽建工"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-20T16:00:00.000Z","fundId":3000000160612,"stockId":601211,"holdings":167200,"marketCap":2773848,"netValueRatio":0.0063,"quarterlyChange":-0.19270072992700726,"stock":{"stockCode":"601211","exchange":"sh","stockType":"company","tickerId":601211,"name":"国泰海通"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-20T16:00:00.000Z","fundId":3000000160612,"stockId":601688,"holdings":136400,"marketCap":2427920,"netValueRatio":0.0055,"quarterlyChange":-0.24544298431538814,"stock":{"stockCode":"601688","exchange":"sh","stockType":"company","tickerId":601688,"name":"华泰证券"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-20T16:00:00.000Z","fundId":3000000160612,"stockId":600030,"holdings":90100,"marketCap":2166004,"netValueRatio":0.0049,"quarterlyChange":-0.15399175121688036,"stock":{"stockCode":"600030","exchange":"sh","stockType":"company","tickerId":600030,"name":"中信证券"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-20T16:00:00.000Z","fundId":3000000160612,"stockId":601336,"holdings":27800,"marketCap":1710534,"netValueRatio":0.0039,"quarterlyChange":-0.11721664275466315,"stock":{"stockCode":"601336","exchange":"sh","stockType":"company","tickerId":601336,"name":"新华保险"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-20T16:00:00.000Z","fundId":3000000160612,"stockId":601601,"holdings":41600,"marketCap":1542944,"netValueRatio":0.0035,"quarterlyChange":-0.11500835122882291,"stock":{"stockCode":"601601","exchange":"sh","stockType":"company","tickerId":601601,"name":"中国太保"}}],"bondHoldings":[{"_id":"69e7d7876201787ae12a5bdc","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-20T16:00:00.000Z","fundId":3000000160612,"stockCode":"250220","stockName":"25国开20","holdings":500000,"marketCap":50147821,"netValueRatio":0.1132,"lastUpdated":"2026-04-21T20:01:11.463Z"},{"_id":"69e7d7876201787ae12a5bdd","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-20T16:00:00.000Z","fundId":3000000160612,"stockCode":"250215","stockName":"25国开15","holdings":400000,"marketCap":39634958,"netValueRatio":0.0895,"lastUpdated":"2026-04-21T20:01:11.467Z"},{"_id":"69e7d7876201787ae12a5bde","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-20T16:00:00.000Z","fundId":3000000160612,"stockCode":"220215","stockName":"22国开15","holdings":200000,"marketCap":21828832,"netValueRatio":0.0493,"lastUpdated":"2026-04-21T20:01:11.470Z"},{"_id":"69e7d7876201787ae12a5bdf","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-20T16:00:00.000Z","fundId":3000000160612,"stockCode":"240210","stockName":"24国开10","holdings":200000,"marketCap":21154931,"netValueRatio":0.0478,"lastUpdated":"2026-04-21T20:01:11.473Z"},{"_id":"69e7d7876201787ae12a5be0","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-20T16:00:00.000Z","fundId":3000000160612,"stockCode":"240875","stockName":"24兴业03","holdings":200000,"marketCap":20529150,"netValueRatio":0.0463,"lastUpdated":"2026-04-21T20:01:11.477Z"}]},"list":[{"_id":"69e7d5a16201787ae129f6b3","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-20T16:00:00.000Z","stockId":3000000160612,"sao":"2026年一季度我国债券市场小幅上涨，与上季度末相比，上证国债指数上涨0.64%，银行间中债综合财富指数上涨0.83%。年初机构债券配置需求旺盛，银行间市场流动性保持充裕，叠加中东战争降低了市场风险偏好，一季度债券利率整体小幅下行，中短端品种表现较好。  权益及可转债市场方面，年初资金涌入股市，市场放量上涨，但中东战争影响市场风险偏好，春节后市场整体震荡走弱，一季度上证综指下跌1.94%，创业板指下跌0.57%，板块方面，受益于中东冲突的煤炭、石化等板块表现靠前，而非银金融、地产等方向表现落后；转债方面，转债市场整体跟随股票震荡加剧，部分高位品种跌幅较大，一季度中证转债指数下跌1.14%。  报告期内本基金以买入并持有中高评级信用债为主，组合久期保持在中性水平附近。此外，报告期内本基金小幅降低了股票及转债仓位，持仓个股及个券以低位品种为主。","lastUpdated":"2026-04-21T19:53:05.353Z","fund":{"_id":3000000160612,"__csrcFundId":159,"stockCode":"160612","shortName":"鹏华丰收债券(160612)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":160612,"masterFundFlag":1,"lastUpdated":"2026-05-01T06:33:12.477Z","status":"normal","inceptionDate":"2008-05-27T16:00:00.000Z","name":"鹏华丰收债券型证券投资基金","exchange":"jj","followedNum":3,"fundCollectionId":4000050060000,"currency":"CNY","masterFundShortName":"鹏华丰收债券","pinyin":"phfszqxzqtzjj","memoNum":1,"managers":[{"stockCode":"db20263201","stockType":"fund_manager","exchange":"fm","tickerId":2619146020,"name":"祝松"},{"stockCode":"db20796555","stockType":"fund_manager","exchange":"fm","tickerId":230710211880,"name":"吴国杰"},{"stockCode":"j101020939","stockType":"fund_manager","exchange":"fm","tickerId":121010269830,"name":"罗姣姣"}]},"announcement":{"linkText":"鹏华丰收债券型证券投资基金2026年第1季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1472078","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69ca7c8e7ecbd37c10afbfe8","date":"2025-12-30T16:00:00.000Z","declarationDate":"2026-03-29T16:00:00.000Z","stockId":3000000160612,"sao":"2025年我国债券市场整体震荡盘整，与去年末相比，上证国债指数上涨0.92%，银行间中债综合财富指数上涨0.65%。年初债市抢跑，但资金利率偏高导致一季度债市出现调整；二季度贸易冲突加剧，央行降息落地，债券利率稳步回落；下半年股市走出牛市行情，债券利率再次冲高。全年来看，长期限利率债利率上行幅度较大，中短期限信用债表现相对平稳。  权益及可转债市场方面，2025年市场呈现出一定的牛市特征，全年上证综指上涨18.41%，创业板指上涨49.57%，板块方面，有色、AI、机器人等方向上涨幅度较大，食品饮料、煤炭等少数板块表现不佳；转债方面，受益于股市牛市及供需矛盾，转债市场全年表现良好，中证转债指数大幅上涨18.66%。  报告期内本基金以买入并持有中高评级信用债为主，并对利率债进行了波段操作，组合久期整体偏中性；此外，报告期内组合上半年股票及转债仓位偏高，下半年对部分品种进行了获利了结，整体权益仓位有所降低。","lastUpdated":"2026-03-30T13:37:18.485Z","mo":"宏观经济方面，预计2026年经济基本面保持平稳，短期地产端仍然面临一定压力，消费端在高基数背景下也面临增速下滑压力，但考虑到十五五开局之年项目储备丰富，积极的财政政策也将有效对冲内外部风险，预计2026年宏观经济大概率保持平稳较快增长。债券市场方面，预计货币政策仍将保持适度宽松，债券利率大幅上行的可能性不大，但考虑到当前政策利率下调空间有限，“反内卷”等政策可能抬升通胀中枢，整体判断2026年债市呈现小幅震荡走势。权益及转债市场方面，积极的政策取向将保障宏观经济实现合理增长，从而对权益市场提供有力支撑，结构方面，我们认为周期、内需等方向可能受益于政策支持，2026年有较好的投资机会；转债方面，当前转债估值偏高，但考虑到转债市场供需矛盾难以逆转，转债估值大幅压缩可能性不大，投资中需结合正股及转债估值，寻找性价比更优的品种进行投资。基于以上分析，未来本基金将以中高评级信用债为主，根据市场走势灵活调整久期，同时积极参与股票及可转债的波段操作和结构选择。本基金将继续坚持稳健投资原则，以获取中长期收益为最主要目标。","fund":{"_id":3000000160612,"__csrcFundId":159,"stockCode":"160612","shortName":"鹏华丰收债券(160612)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":160612,"masterFundFlag":1,"lastUpdated":"2026-05-01T06:33:12.477Z","status":"normal","inceptionDate":"2008-05-27T16:00:00.000Z","name":"鹏华丰收债券型证券投资基金","exchange":"jj","followedNum":3,"fundCollectionId":4000050060000,"currency":"CNY","masterFundShortName":"鹏华丰收债券","pinyin":"phfszqxzqtzjj","memoNum":1,"managers":[{"stockCode":"db20263201","stockType":"fund_manager","exchange":"fm","tickerId":2619146020,"name":"祝松"},{"stockCode":"db20796555","stockType":"fund_manager","exchange":"fm","tickerId":230710211880,"name":"吴国杰"},{"stockCode":"j101020939","stockType":"fund_manager","exchange":"fm","tickerId":121010269830,"name":"罗姣姣"}]},"announcement":{"linkText":"鹏华丰收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=1452868","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed4807fea5b3eb054b227","date":"2025-09-29T16:00:00.000Z","declarationDate":"2025-10-26T16:00:00.000Z","stockId":3000000160612,"sao":"2025年三季度我国债券市场整体震荡调整，与上季度末相比，上证国债指数下跌0.59%，银行间中债综合财富指数下跌0.93%。三季度权益市场表现强势，叠加“反内卷”等政策预期影响，债市信心有所走弱，10年国债收益率由1.6%附近抬升至1.8%附近。  权益及可转债市场方面，三季度股票市场大幅上涨，市场出现牛市特征，板块方面，人工智能、机器人、“反内卷”、创新药等方向多点开花，仅银行板块下跌，三季度上证综指上涨12.73%，创业板指上涨50.4%；转债方面，受益于股票市场表现，三季度中证转债指数上涨9.43%。  报告期内本基金以买入并持有中高评级信用债为主，组合久期保持在中性水平附近。此外，报告期内本基金对股票和转债部位进行了结构调整，股票及转债整体仓位有所下降。","lastUpdated":"2026-03-09T14:09:04.518Z","fund":{"_id":3000000160612,"__csrcFundId":159,"stockCode":"160612","shortName":"鹏华丰收债券(160612)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":160612,"masterFundFlag":1,"lastUpdated":"2026-05-01T06:33:12.477Z","status":"normal","inceptionDate":"2008-05-27T16:00:00.000Z","name":"鹏华丰收债券型证券投资基金","exchange":"jj","followedNum":3,"fundCollectionId":4000050060000,"currency":"CNY","masterFundShortName":"鹏华丰收债券","pinyin":"phfszqxzqtzjj","memoNum":1,"managers":[{"stockCode":"db20263201","stockType":"fund_manager","exchange":"fm","tickerId":2619146020,"name":"祝松"},{"stockCode":"db20796555","stockType":"fund_manager","exchange":"fm","tickerId":230710211880,"name":"吴国杰"},{"stockCode":"j101020939","stockType":"fund_manager","exchange":"fm","tickerId":121010269830,"name":"罗姣姣"}]},"announcement":{"linkText":"鹏华丰收债券型证券投资基金2025年第3季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1372496","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed4807fea5b3eb054b226","date":"2025-06-29T16:00:00.000Z","stockId":3000000160612,"sao":"2025年上半年我国债券市场整体呈小幅震荡走势，与去年末相比，上证国债指数上涨1.35%，银行间中债综合财富指数上涨1.05%。一季度资金利率偏高，降息预期落空，债市出现一定调整；二季度贸易冲突加剧，央行降息落地，资金面整体充裕，债券利率稳步回落。  权益及可转债市场方面，上半年权益市场整体表现分化，银行、人形机器人、AI、创新药、新消费等方向表现优异，而地产、传统消费、煤炭等行业表现不佳，市场赚钱效应一般，上半年上证综指上涨2.76%，创业板指小幅上涨0.53%；转债方面，受转债结构及供需等因素影响，上半年转债整体赚钱效应良好，中证转债指数大幅上涨7.02%。  报告期内本基金以买入并持有高评级信用债为主，并对利率债进行了波段操作，组合久期先降后升；此外，报告期内组合保持了偏高的股票及转债仓位，并对持仓结构进行了积极调整。","declarationDate":"2025-07-17T16:00:00.000Z","lastUpdated":"2026-03-09T14:09:04.515Z","mo":"宏观经济方面，预计下半年经济基本面相对平稳，出现大幅下滑的风险不大。尽管地产端仍然面临压力，出口也面临一定不确定性，但自去年四季度以来国内宏观对冲政策态度积极，国补等政策对消费端提振作用显著，预计政策端能有效对冲地产和出口端风险，国内经济有望保持平稳运行。债券市场方面，预计货币政策仍将保持适度宽松，下半年仍有降息降准空间，但考虑到当前债券利率偏低，市场预期较为一致，预计下半年债券利率下行空间有限，债券市场可能延续小幅震荡走势。权益及转债市场方面，考虑到政策端对市场偏呵护，股票估值以及居民权益资产配置比例仍有较大的提升空间，判断下半年权益市场整体仍有较好赚钱效应，结构方面，看好顺周期、消费、科技等方向，但需要更加关注估值水平；转债方面，供需矛盾难以逆转，转债估值大幅压缩可能性不大。基于以上分析，未来本基金将以高评级信用债为主，根据市场走势灵活调整久期，同时积极参与股票及可转债的波段操作和结构挖掘。本基金将继续坚持稳健投资原则，以获取中长期收益为最主要目标。","fund":{"_id":3000000160612,"__csrcFundId":159,"stockCode":"160612","shortName":"鹏华丰收债券(160612)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":160612,"masterFundFlag":1,"lastUpdated":"2026-05-01T06:33:12.477Z","status":"normal","inceptionDate":"2008-05-27T16:00:00.000Z","name":"鹏华丰收债券型证券投资基金","exchange":"jj","followedNum":3,"fundCollectionId":4000050060000,"currency":"CNY","masterFundShortName":"鹏华丰收债券","pinyin":"phfszqxzqtzjj","memoNum":1,"managers":[{"stockCode":"db20263201","stockType":"fund_manager","exchange":"fm","tickerId":2619146020,"name":"祝松"},{"stockCode":"db20796555","stockType":"fund_manager","exchange":"fm","tickerId":230710211880,"name":"吴国杰"},{"stockCode":"j101020939","stockType":"fund_manager","exchange":"fm","tickerId":121010269830,"name":"罗姣姣"}]},"announcement":{"linkText":"鹏华丰收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=1339978","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed4807fea5b3eb054b225","date":"2025-03-30T16:00:00.000Z","stockId":3000000160612,"sao":"2025年一季度我国债券市场整体震荡调整，与上季度末相比，上证国债指数上涨0.13%，银行间中债综合财富指数下跌0.61%。由于去年底至今年初市场抢跑货币政策放松，债券利率处于偏低水平，但春节后资金利率未显著回落，降息预期落空，债券市场出现较大回调；两会前后资金面平稳，央行释放出资金面呵护态度，债市企稳反弹。  权益及可转债市场方面，股票市场整体震荡，结构性行情突出，以机器人、AI为代表的科技股表现良好，而红利、地产链等表现较差，一季度上证综指下跌0.48%，创业板指下跌1.77%；转债方面，受益于资金流入以及转债结构，一季度转债市场表现较好，中证转债指数上涨3.13%。  报告期内本基金以买入并持有中高评级信用债为主，并对利率债进行了波段操作，组合久期保持在较低水平。此外，报告期内本基金对股票及转债持仓结构进行了小幅调整。","declarationDate":"2025-04-20T16:00:00.000Z","lastUpdated":"2026-03-09T14:09:04.513Z","fund":{"_id":3000000160612,"__csrcFundId":159,"stockCode":"160612","shortName":"鹏华丰收债券(160612)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":160612,"masterFundFlag":1,"lastUpdated":"2026-05-01T06:33:12.477Z","status":"normal","inceptionDate":"2008-05-27T16:00:00.000Z","name":"鹏华丰收债券型证券投资基金","exchange":"jj","followedNum":3,"fundCollectionId":4000050060000,"currency":"CNY","masterFundShortName":"鹏华丰收债券","pinyin":"phfszqxzqtzjj","memoNum":1,"managers":[{"stockCode":"db20263201","stockType":"fund_manager","exchange":"fm","tickerId":2619146020,"name":"祝松"},{"stockCode":"db20796555","stockType":"fund_manager","exchange":"fm","tickerId":230710211880,"name":"吴国杰"},{"stockCode":"j101020939","stockType":"fund_manager","exchange":"fm","tickerId":121010269830,"name":"罗姣姣"}]},"announcement":{"linkText":"鹏华丰收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=1269253","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed4807fea5b3eb054b224","date":"2024-12-30T16:00:00.000Z","stockId":3000000160612,"sao":"2024年我国债券市场整体大幅上涨，与23年末相比，上证国债指数上涨8.04%，银行间中债综合财富指数上涨7.61%。二季度后经济环比走弱，央行三季度两次降息，叠加机构债券配置需求旺盛，全年债券收益率大幅下行，其中10年期国债收益率由年初2.5%左右下行至年底1.7%左右。  权益及可转债市场方面，24年权益市场先跌后涨，9月底政治局会议提振了市场信心，大部分板块出现明显反弹，全年来看，上证综指上涨12.67%，创业板指上涨13.23%，结构上，银行、非银、家电、通信等行业涨幅居前；转债市场方面，受股市及个别品种违约影响，转债市场三季度出现较大调整，9月下旬后跟随股票市场大幅反弹，全年中证转债指数上涨6.08%。  报告期内本基金以高等级信用债和利率债投资为主，组合久期进行了灵活调整；此外，报告期内组合整体保持了较高的股票及转债仓位，并对持仓结构进行了灵活调整，较好把握了下半年市场反弹机会。","declarationDate":"2025-01-20T16:00:00.000Z","lastUpdated":"2026-03-09T14:09:04.510Z","mo":"宏观经济方面，25年海外面临不确定性较高，但考虑到国内政策偏积极，房地产市场可能逐步企稳，经济失速风险不大。货币政策定调“适度宽松”，预计全年仍有降息降准空间，市场流动性大概率保持合理充裕。债券市场方面，考虑到政策利率仍将下调，全年来看债券仍具备较好投资价值，但考虑到市场存在一定“抢跑”，且当前利率整体水平偏低，债市波动风险加大，也可能出现阶段性较大调整。权益及转债市场方面，25年国内经济面临一定的内外部困难，内部主要体现在消费、投资信心不足，制约了经济活力的激发，因此25年政策目标可能重点围绕“提振信心”，在此背景下，资本市场信心有望持续提升，判断25年权益市场有较好的赚钱效应，结构方面，看好金融、消费以及半导体等科技方向。转债方面，随着债券利率越来越低，转债对投资人吸引力显著增强，预计供需结构对转债市场有利。基于以上分析，未来本基金将以高评级信用债和利率债投资为主，把握好久期调整节奏，减小回调风险，同时积极把握权益及可转债市场趋势性和结构性机会。本基金将继续坚持稳健投资原则，以获取中长期收益为最主要目标。","fund":{"_id":3000000160612,"__csrcFundId":159,"stockCode":"160612","shortName":"鹏华丰收债券(160612)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":160612,"masterFundFlag":1,"lastUpdated":"2026-05-01T06:33:12.477Z","status":"normal","inceptionDate":"2008-05-27T16:00:00.000Z","name":"鹏华丰收债券型证券投资基金","exchange":"jj","followedNum":3,"fundCollectionId":4000050060000,"currency":"CNY","masterFundShortName":"鹏华丰收债券","pinyin":"phfszqxzqtzjj","memoNum":1,"managers":[{"stockCode":"db20263201","stockType":"fund_manager","exchange":"fm","tickerId":2619146020,"name":"祝松"},{"stockCode":"db20796555","stockType":"fund_manager","exchange":"fm","tickerId":230710211880,"name":"吴国杰"},{"stockCode":"j101020939","stockType":"fund_manager","exchange":"fm","tickerId":121010269830,"name":"罗姣姣"}]},"announcement":{"linkText":"鹏华丰收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=1249544","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed4807fea5b3eb054b223","date":"2024-09-29T16:00:00.000Z","stockId":3000000160612,"sao":"2024年三季度我国债券市场呈小幅盘整走势，与上季度末相比，上证国债指数上涨1.31%，银行间中债综合财富指数上涨0.9%。三季度经济基本面环比走弱，央行单季度两次降息，但市场面临较大获利盘止盈压力，同时季末稳增长政策信号强烈，债市整体走势纠结；信用债抛压较重，信用利差有所走阔。  权益及可转债市场方面，股票市场整体先跌上涨，季末政治局会议透露出明确的经济稳增长信号，市场信心大幅提振，最后几日市场出现罕见大幅上涨，非银金融、TMT等板块领涨大盘，三季度上证综指上涨12.44%，创业板指上涨29.21%；转债方面，受岭南转债违约等因素影响，转债本季度整体表现落后于正股，三季度中证转债指数小幅上涨0.58%。  报告期内本基金以买入并持有中高评级信用债为主，组合久期整体在中低水平。此外，报告期内本基金股票和转债部位进行了一定调整，加仓了TMT、家电等品种，减仓了银行股等。","declarationDate":"2024-10-23T16:00:00.000Z","lastUpdated":"2026-03-09T14:09:04.507Z","fund":{"_id":3000000160612,"__csrcFundId":159,"stockCode":"160612","shortName":"鹏华丰收债券(160612)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":160612,"masterFundFlag":1,"lastUpdated":"2026-05-01T06:33:12.477Z","status":"normal","inceptionDate":"2008-05-27T16:00:00.000Z","name":"鹏华丰收债券型证券投资基金","exchange":"jj","followedNum":3,"fundCollectionId":4000050060000,"currency":"CNY","masterFundShortName":"鹏华丰收债券","pinyin":"phfszqxzqtzjj","memoNum":1,"managers":[{"stockCode":"db20263201","stockType":"fund_manager","exchange":"fm","tickerId":2619146020,"name":"祝松"},{"stockCode":"db20796555","stockType":"fund_manager","exchange":"fm","tickerId":230710211880,"name":"吴国杰"},{"stockCode":"j101020939","stockType":"fund_manager","exchange":"fm","tickerId":121010269830,"name":"罗姣姣"}]},"announcement":{"linkText":"鹏华丰收债券型证券投资基金2024年第3季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1171821","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed4807fea5b3eb054b222","date":"2024-06-29T16:00:00.000Z","stockId":3000000160612,"sao":"2024年上半年我国债券市场整体上涨，与去年末相比，上证国债指数上涨3.93%，银行间中债综合财富指数上涨3.76%。上半年地方债发行节奏偏慢，监管规范银行手工补息阶段性增加非银机构债券配置需求，叠加社会融资需求偏弱，多方面原因造成债市“资产荒”，在此背景下，上半年债券收益率整体大幅下行，各种利差压缩至偏低水平；尽管央行多次提示长端利率风险，但难改利率下行趋势。  权益及可转债市场方面，上半年权益市场整体表现较为低迷，年初股票市场杀跌，监管多措并举提振信心，市场快速反弹后进入区间震荡，结构方面，红利、出海等方向表现较好，而计算机、消费、地产、新能源等板块跌幅较大，股市整体赚钱效应不强，上半年上证综指小幅下跌0.25%，创业板指下跌10.99%；转债方面，银行等权重板块表现较好，尽管季末部分低价券大幅下跌，但转债整体表现相对平稳，上半年中证转债指数小幅下跌0.07%。  报告期内本基金以高等级债券投资为主，组合久期灵活调整；此外，报告期内组合整体保持了较高的股票和转债仓位，结构上以金融等低估值品种为主，上半年权益资产为组合贡献了一定的正回报。","declarationDate":"2024-07-17T16:00:00.000Z","lastUpdated":"2026-03-09T14:09:04.504Z","mo":"宏观经济方面，下半年面临内外部不确定性较高，国内来看，地产仍然是不稳定因素，但在政府多项政策支撑下，下半年地产有望企稳；国外来看，贸易环境有所恶化，叠加美国大选不确定性较高，外部环境总体偏不利；货币政策方面，短期央行加强利率曲线管理，防范系统性金融风险，中长期或将相机抉择，货币政策仍然存在放松空间。对于债市而言，考虑到上半年债市行情演绎较为极致，短期不排除震荡调整可能，中长期来看，债券仍然具有较好的配置价值。对于权益及转债市场，我们认为市场已经对不利因素定价较多，经济和政策可能存在预期差，下半年权益市场存在反弹可能；转债投资方面，需要在注重安全边际的基础上，把握好转债市场阶段性和结构性机会。基于以上分析，未来本基金将以高评级信用债为主，根据市场走势灵活调整久期，同时积极参与股票及转债的波段操作和结构选择。本基金将继续坚持稳健投资原则，以获取中长期收益为最主要目标。","fund":{"_id":3000000160612,"__csrcFundId":159,"stockCode":"160612","shortName":"鹏华丰收债券(160612)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":160612,"masterFundFlag":1,"lastUpdated":"2026-05-01T06:33:12.477Z","status":"normal","inceptionDate":"2008-05-27T16:00:00.000Z","name":"鹏华丰收债券型证券投资基金","exchange":"jj","followedNum":3,"fundCollectionId":4000050060000,"currency":"CNY","masterFundShortName":"鹏华丰收债券","pinyin":"phfszqxzqtzjj","memoNum":1,"managers":[{"stockCode":"db20263201","stockType":"fund_manager","exchange":"fm","tickerId":2619146020,"name":"祝松"},{"stockCode":"db20796555","stockType":"fund_manager","exchange":"fm","tickerId":230710211880,"name":"吴国杰"},{"stockCode":"j101020939","stockType":"fund_manager","exchange":"fm","tickerId":121010269830,"name":"罗姣姣"}]},"announcement":{"linkText":"鹏华丰收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=1143422","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed4807fea5b3eb054b221","date":"2024-03-30T16:00:00.000Z","stockId":3000000160612,"sao":"2024年一季度我国债券市场整体上涨，与上年末相比，上证国债指数上涨1.97%，银行间中债综合财富指数上涨1.99%。一季度机构债券配置需求旺盛，央行降准维护资金面平稳，市场做多情绪高涨，债券收益率曲线长端及超长端利率大幅下行；信用债方面，资金平稳叠加配置需求强，信用债收益率延续下行，信用利差整体处于历史偏低水平。  权益及可转债市场方面，一季度股票市场先抑后扬，银行、煤炭、有色等红利、资源方向表现较好，地产、医药等板块表现不佳，计算机等TMT行业大幅震荡，一季度上证综指上涨2.23%，创业板指下跌3.87%；转债方面，整体跟随正股震荡，一季度中证转债指数下跌0.81%。  报告期内本基金以买入并持有高评级信用债为主，并对利率债进行了波段操作。此外，报告期内本基金对部分行业及个股进行了小幅调整，整体以低估、红利、周期等方向为主。","declarationDate":"2024-04-18T16:00:00.000Z","lastUpdated":"2026-03-09T14:09:04.502Z","fund":{"_id":3000000160612,"__csrcFundId":159,"stockCode":"160612","shortName":"鹏华丰收债券(160612)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":160612,"masterFundFlag":1,"lastUpdated":"2026-05-01T06:33:12.477Z","status":"normal","inceptionDate":"2008-05-27T16:00:00.000Z","name":"鹏华丰收债券型证券投资基金","exchange":"jj","followedNum":3,"fundCollectionId":4000050060000,"currency":"CNY","masterFundShortName":"鹏华丰收债券","pinyin":"phfszqxzqtzjj","memoNum":1,"managers":[{"stockCode":"db20263201","stockType":"fund_manager","exchange":"fm","tickerId":2619146020,"name":"祝松"},{"stockCode":"db20796555","stockType":"fund_manager","exchange":"fm","tickerId":230710211880,"name":"吴国杰"},{"stockCode":"j101020939","stockType":"fund_manager","exchange":"fm","tickerId":121010269830,"name":"罗姣姣"}]},"announcement":{"linkText":"鹏华丰收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=1069112","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed4807fea5b3eb054b220","date":"2023-12-30T16:00:00.000Z","stockId":3000000160612,"sao":"2023年我国债券市场整体震荡上涨，与22年末相比，上证国债指数上涨3.79%，银行间中债综合财富指数上涨4.78%。二季度后经济数据环比走弱，央行于6月、8月两次降息，债券市场利率显著下行，9月后资金价格抬升，地方再融资大量发行，债券市场出现一定调整，12月资金面有所缓和，政策新增信息有限，债券收益率再次下行；信用债方面，22年四季度受流动性危机冲击较大的品种在23年利率大幅下行，下半年受地方化债政策影响，城投债表现较优。  权益及可转债市场方面，23年权益市场整体震荡下跌，人工智能、红利、汽车等方向有一定机会，而地产、新能源、消费等方向表现不佳，机构重仓板块和个股跌幅较大，全年赚钱效应不强，23年上证综指下跌3.70%，创业板指下跌19.41%；转债方面，受转债市场结构及债性等因素影响，转债整体表现好于股票市场，23年中证转债指数微跌0.47%。  报告期内本基金主要投资于中高等级信用债，通过利率债等品种进行久期管理；此外，报告期内组合对股票、转债的仓位和结构进行了灵活调整，尽管下半年侧重低估值方向，但整体投资效果不佳。","declarationDate":"2024-01-18T16:00:00.000Z","lastUpdated":"2026-03-09T14:09:04.499Z","mo":"宏观经济方面，24年海外面临复杂多变的环境，美国大选、地缘冲突不确定性较高，内部来看，当前房地产、消费复苏根基不牢，制造业、基建增长空间受限，经济增长需要更多的政策支持；货币政策方面，激发经济活力需要货币政策进一步放松，但汇率、“资金空转”可能制约货币放松空间。对于债市而言，判断中短期债市可能受货币、财政政策等影响出现一定波动，但中长期债券仍然具备较好配置价值。  对于权益及转债市场，当前市场情绪低迷，但我们认为市场对经济和政策预期可能存在一定的预期差，权益市场存在较大的反弹可能，但结构和节奏选择仍然非常重要；转债投资方面，需要在注重安全边际的基础上，做好转债市场节奏和品种的选择。  基于以上分析，未来本基金将以中高评级信用债为主，根据市场走势灵活调整久期，同时注重做好对股票和转债市场节奏和结构选择。","fund":{"_id":3000000160612,"__csrcFundId":159,"stockCode":"160612","shortName":"鹏华丰收债券(160612)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":160612,"masterFundFlag":1,"lastUpdated":"2026-05-01T06:33:12.477Z","status":"normal","inceptionDate":"2008-05-27T16:00:00.000Z","name":"鹏华丰收债券型证券投资基金","exchange":"jj","followedNum":3,"fundCollectionId":4000050060000,"currency":"CNY","masterFundShortName":"鹏华丰收债券","pinyin":"phfszqxzqtzjj","memoNum":1,"managers":[{"stockCode":"db20263201","stockType":"fund_manager","exchange":"fm","tickerId":2619146020,"name":"祝松"},{"stockCode":"db20796555","stockType":"fund_manager","exchange":"fm","tickerId":230710211880,"name":"吴国杰"},{"stockCode":"j101020939","stockType":"fund_manager","exchange":"fm","tickerId":121010269830,"name":"罗姣姣"}]},"announcement":{"linkText":"鹏华丰收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=1051122","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed4807fea5b3eb054b21f","date":"2023-09-29T16:00:00.000Z","stockId":3000000160612,"sao":"2023年三季度我国债券市场整体小幅震荡，与上季度末相比，上证国债指数上涨0.82%，银行间中债综合财富指数上涨0.68%。7月份经济数据进一步走弱，央行于8月中旬降低MLF和OMO利率，债券利率上半个季度延续下行趋势；但政策围绕“地产放松、市场活跃、地方化债”持续发力，叠加资金利率未显著下行，8月下旬后债市情绪转为谨慎，利率整体有所上行。  权益及可转债市场方面，三季度股票市场整体震荡下跌，金融、周期等行业小幅上涨，但TMT、新能源等成长方向跌幅较大，三季度上证综指下跌2.86%，创业板指下跌9.53%；转债方面，整体跟随正股震荡调整，但波动性小于正股，三季度中证转债指数小幅下跌0.52%。  报告期内本基金以买入并持有中高评级信用债为主，组合久期控制在中性水平附近。此外，报告期内本基金重点持仓金融等行业股票及转债，权益仓位整体偏高。","declarationDate":"2023-10-23T16:00:00.000Z","lastUpdated":"2026-03-09T14:09:04.496Z","fund":{"_id":3000000160612,"__csrcFundId":159,"stockCode":"160612","shortName":"鹏华丰收债券(160612)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":160612,"masterFundFlag":1,"lastUpdated":"2026-05-01T06:33:12.477Z","status":"normal","inceptionDate":"2008-05-27T16:00:00.000Z","name":"鹏华丰收债券型证券投资基金","exchange":"jj","followedNum":3,"fundCollectionId":4000050060000,"currency":"CNY","masterFundShortName":"鹏华丰收债券","pinyin":"phfszqxzqtzjj","memoNum":1,"managers":[{"stockCode":"db20263201","stockType":"fund_manager","exchange":"fm","tickerId":2619146020,"name":"祝松"},{"stockCode":"db20796555","stockType":"fund_manager","exchange":"fm","tickerId":230710211880,"name":"吴国杰"},{"stockCode":"j101020939","stockType":"fund_manager","exchange":"fm","tickerId":121010269830,"name":"罗姣姣"}]},"announcement":{"linkText":"鹏华丰收债券型证券投资基金2023年第3季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=986944","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed4807fea5b3eb054b21e","date":"2023-06-29T16:00:00.000Z","stockId":3000000160612,"sao":"2023年上半年我国债券市场整体震荡上涨，与22年末相比，上证国债指数上涨2.15%，银行间中债综合财富指数上涨2.64%。一季度受经济复苏预期偏强、资金面偏紧等因素影响，债市小幅盘整，二季度经济数据环比走弱，资金利率中枢下行，央行于6月份降息，债券利率显著下行；信用债方面，因去年四季度受理财赎回冲击影响较大，上半年信用债表现优于利率债，信用利差整体有所压缩。  权益及可转债市场方面，上半年权益市场整体偏震荡，结构分化明显，人工智能、中特估等方向表现活跃，而消费、地产、新能源等板块表现低迷，股票市场整体赚钱效应不强，上半年上证综指上涨3.65%，创业板指下跌5.61%；转债方面，转债整体表现好于股票市场，转债估值高位震荡，上半年中证转债指数上涨3.37%。  报告期内本基金以持有中高评级信用债为主，并灵活调整组合久期；此外，报告期内组合对股票及转债进行了波段操作。","declarationDate":"2023-07-19T16:00:00.000Z","lastUpdated":"2026-03-09T14:09:04.494Z","mo":"宏观经济方面，下半年经济将保持一定韧性，整体可能延续弱复苏趋势；货币政策方面，判断通胀压力较小，央行可能保持相对宽松的货币环境助力经济恢复。对于债市而言，目前市场利率与政策利率水平接近，短期债市可能小幅震荡，中长期来看，货币政策可能进一步放松，债券利率仍有下行空间。  对于权益及转债市场，市场对经济和政策预期可能存在一定的预期差，叠加优质资产稀缺，预计权益市场整体向上的概率高于向下的概率，但结构上仍需要保持谨慎；转债投资方面，下半年仍需要把握好市场节奏和结构，对安全边际要着重考虑。  基于以上分析，未来本基金将以中高评级信用债为主，根据市场走势灵活调整久期，同时适当进行股票和可转债的波段操作和个股个券挖掘。本基金将坚持稳健投资原则，以获取中长期收益为最主要目标。","fund":{"_id":3000000160612,"__csrcFundId":159,"stockCode":"160612","shortName":"鹏华丰收债券(160612)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":160612,"masterFundFlag":1,"lastUpdated":"2026-05-01T06:33:12.477Z","status":"normal","inceptionDate":"2008-05-27T16:00:00.000Z","name":"鹏华丰收债券型证券投资基金","exchange":"jj","followedNum":3,"fundCollectionId":4000050060000,"currency":"CNY","masterFundShortName":"鹏华丰收债券","pinyin":"phfszqxzqtzjj","memoNum":1,"managers":[{"stockCode":"db20263201","stockType":"fund_manager","exchange":"fm","tickerId":2619146020,"name":"祝松"},{"stockCode":"db20796555","stockType":"fund_manager","exchange":"fm","tickerId":230710211880,"name":"吴国杰"},{"stockCode":"j101020939","stockType":"fund_manager","exchange":"fm","tickerId":121010269830,"name":"罗姣姣"}]},"announcement":{"linkText":"鹏华丰收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=961672","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed4807fea5b3eb054b21d","date":"2023-03-30T16:00:00.000Z","stockId":3000000160612,"sao":"2023年第一季度，债券收益率先上后下。第一季度初，疫情影响明显消退，经济修复预期增强，债市情绪转弱，收益率小幅上行；第一季度中段，春节前后，国内处于数据真空期，债券市场在权益、资金面波动等因素影响下，整体呈现震荡格局；第一季度后期，经济修复强度边际放缓，叠加海外金融风险事件、国内降准政策超预期落地等因素影响下，债券市场情绪走强，收益率震荡回落。        整体来看，第一季度信用债收益率下行明显，利率债收益率略有上行，整体变动幅度相对有限，收益率曲线小幅平坦化。2023年第一季度主要债券财富指数出现不同程度的上涨，其中企业财富指数上涨幅度最大，涨幅达2.22%，金融债次之，涨幅为0.68%，国债相对落后，涨幅为0.67%。        第一季度权益市场整体走强，主要权益指数均有上涨，其中沪深300指数上涨4.63%，创业板指数上涨2.25%。        本报告期内基金以持有中高评级信用债为主，债券方面整体保持较低久期；权益方面，组合在季度初保持较高仓位，至2月进行减持，将权益仓位降至较低水平。","declarationDate":"2023-04-20T16:00:00.000Z","lastUpdated":"2026-03-09T14:09:04.491Z","fund":{"_id":3000000160612,"__csrcFundId":159,"stockCode":"160612","shortName":"鹏华丰收债券(160612)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":160612,"masterFundFlag":1,"lastUpdated":"2026-05-01T06:33:12.477Z","status":"normal","inceptionDate":"2008-05-27T16:00:00.000Z","name":"鹏华丰收债券型证券投资基金","exchange":"jj","followedNum":3,"fundCollectionId":4000050060000,"currency":"CNY","masterFundShortName":"鹏华丰收债券","pinyin":"phfszqxzqtzjj","memoNum":1,"managers":[{"stockCode":"db20263201","stockType":"fund_manager","exchange":"fm","tickerId":2619146020,"name":"祝松"},{"stockCode":"db20796555","stockType":"fund_manager","exchange":"fm","tickerId":230710211880,"name":"吴国杰"},{"stockCode":"j101020939","stockType":"fund_manager","exchange":"fm","tickerId":121010269830,"name":"罗姣姣"}]},"announcement":{"linkText":"鹏华丰收债券型证券投资基金2023年第1季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=886729","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed4807fea5b3eb054b21c","date":"2022-12-30T16:00:00.000Z","stockId":3000000160612,"sao":"2022年债券收益率先下后上，全年呈现偏震荡格局。2022年初，央行调降政策利率10BP，央行官员讲话偏“鸽派”，宽松预期明显升温，收益率快速下行；2月初-3月中旬，随着经济数据改善，地产、财政政策积极，宽信用预期升温，收益率震荡攀升；3月中旬-4月初，受部分区域疫情影响，经济下行压力加大，收益率小幅回落；4月中旬，降准幅度不及预期，政策宽松预期降温，收益率小幅上行；5月中旬-5月底，经济数据恶化，北京出现局部疫情，稳大盘会议后基本面担忧加剧，收益率小幅回落；5月底至6月份，随着上海、北京等地区疫情收尾，生产生活秩序“重启”，经济修复预期有所升温，收益率再度上行；7月份，在高温、疫情等因素影响下，经济下行压力加大，叠加“断供潮”发酵，经济悲观预期抬升，收益率震荡回落；8月中旬，央行超预期调降政策利率，收益率快速下行；9月份，海外紧缩预期下，人民币汇率阶段性承压，叠加国内稳增长政策持续加码，地产放松政策密集落地，以及跨季因素下资金面持续收紧，收益率震荡调整；10月份，国内疫情频发，经济修复动能偏弱，叠加跨季之后资金面边际转松，债市情绪有所修复，收益率震荡回落；进入11月份，国内防疫政策持续优化，稳地产政策继续加码，国内经济预期明显修复，叠加理财产品赎回“负反馈”，收益率加速调整；12月中下旬，在政策层“呵护”之下，理财产品赎回冲击减弱，收益率高位有所下行。整体来看，全年债券收益率变动幅度相对有限，全年各类型债券财富指数均有所上涨，其中国债财富指数上涨3.44%，企业债财富指数上涨3.13%。  2022年权益市场指数明显下挫，其中沪深300指数下跌21.63%，创业板指数下跌29.37%。本报告期内基金以持有中高评级信用债为主，组合在1月份将久期保持较短水平，3月中旬将久期延长至中性较长水平，在6月初减持中长期品种，将久期降至中性略低水平。7月初将组合久期延长至中性较长水平，在8月初将久期降低至中性较低水平，10月初将久期维持中性略高水平，在10月底减持中长期品种，将久期降低至中性较低水平。在2022年，本组合基金参与了权益类品种的投资机会。","declarationDate":"2023-01-19T16:00:00.000Z","lastUpdated":"2026-03-09T14:09:04.488Z","mo":"展望2023年，春节后疫情影响有望趋弱，开局之年对稳增长的诉求较强，国内经济回暖方向较为确定。同时宽财政政策将继续发力，随实体融资需求修复，货币政策或增加对于通胀的权重，债券市场仍有部分调整压力。但由于2023年海外经济可能出现回落，外需存在一定压力，且国内政策不强刺激下，2023年国内经济增长或将呈弱修复格局，债券收益率虽有上行压力，但幅度有限。  信用债方面，2022年四季度信用债收益率出现较大幅度调整，信用债具有一定配置价值。但无论从时间还是空间角度来看，信用债调整仍不充分。由于国内疫情冲击结束后经济增长秩序有望恢复，债券收益率仍面临一定上行压力，信用利差也可能继续扩大。投资上将重点关注中高等级短久期品种。  权益方面，短期而言，伴随毒株变异、疫情扩散、出口加速下滑，经济仍在“二次探底”中，股市或有震荡，筑底或将持续一段时间。中期而言，中央经济会议提出扩内需和稳增长是2023年首要任务，政策面对股市有支撑，随着美联储加息放缓、地产政策放开和疫情感染达峰，前期制约股市的因素均出现积极改善，中期对股市偏乐观，配置策略上，主要关注食品饮料、免税旅游、医药及其他稳增长方向。  综合而言，我们认为目前债券收益率市场短期下行空间有限，因此整体久期仍维持在中性略低水平。若收益率继续出现较大幅度上行，组合将择机提升久期和杠杆水平。权益方面，组合将保持合理的权益仓位，力争为投资者创造更高收益。","fund":{"_id":3000000160612,"__csrcFundId":159,"stockCode":"160612","shortName":"鹏华丰收债券(160612)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":160612,"masterFundFlag":1,"lastUpdated":"2026-05-01T06:33:12.477Z","status":"normal","inceptionDate":"2008-05-27T16:00:00.000Z","name":"鹏华丰收债券型证券投资基金","exchange":"jj","followedNum":3,"fundCollectionId":4000050060000,"currency":"CNY","masterFundShortName":"鹏华丰收债券","pinyin":"phfszqxzqtzjj","memoNum":1,"managers":[{"stockCode":"db20263201","stockType":"fund_manager","exchange":"fm","tickerId":2619146020,"name":"祝松"},{"stockCode":"db20796555","stockType":"fund_manager","exchange":"fm","tickerId":230710211880,"name":"吴国杰"},{"stockCode":"j101020939","stockType":"fund_manager","exchange":"fm","tickerId":121010269830,"name":"罗姣姣"}]},"announcement":{"linkText":"鹏华丰收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=869284","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed4807fea5b3eb054b21b","date":"2022-09-29T16:00:00.000Z","stockId":3000000160612,"sao":"第三季度债券小幅上涨。第三季度初，地产“断供潮”发酵，地产销售预期恶化，叠加资金面维持宽松，收益率震荡回落；8月中旬，央行超预期调降政策利率，叠加经济数据超预期回落，收益率快速下行；第三季度后半段，海外紧缩预期下，人民币汇率承压，叠加国内稳增长政策持续加码，地产政策放松落地，以及跨季因素下资金面持续收紧，收益率震荡调整。整体来看，第三季度债券收益率曲线整体有所下行。  第三季度所有债券财富指数均出现不同程度的上涨，其中企业财富指数上涨幅度最大，涨幅达1.67%，国债次之，涨幅为1.61%，金融债相对落后，涨幅为1.49%。  第三季度权益市场大幅回落，沪深300指数和创业板指数分别下跌15.16%和18.56%。  本报告期内基金以持有中高评级信用债为主，组合期初将久期维持中性略高水平，在8月末将久期降低至中性较低水平，同时对权益市场投资进行了适度参与。","declarationDate":"2022-10-24T16:00:00.000Z","lastUpdated":"2026-03-09T14:09:04.485Z","fund":{"_id":3000000160612,"__csrcFundId":159,"stockCode":"160612","shortName":"鹏华丰收债券(160612)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":160612,"masterFundFlag":1,"lastUpdated":"2026-05-01T06:33:12.477Z","status":"normal","inceptionDate":"2008-05-27T16:00:00.000Z","name":"鹏华丰收债券型证券投资基金","exchange":"jj","followedNum":3,"fundCollectionId":4000050060000,"currency":"CNY","masterFundShortName":"鹏华丰收债券","pinyin":"phfszqxzqtzjj","memoNum":1,"managers":[{"stockCode":"db20263201","stockType":"fund_manager","exchange":"fm","tickerId":2619146020,"name":"祝松"},{"stockCode":"db20796555","stockType":"fund_manager","exchange":"fm","tickerId":230710211880,"name":"吴国杰"},{"stockCode":"j101020939","stockType":"fund_manager","exchange":"fm","tickerId":121010269830,"name":"罗姣姣"}]},"announcement":{"linkText":"鹏华丰收债券型证券投资基金 2022年第3季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=804314","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed4807fea5b3eb054b21a","date":"2022-06-29T16:00:00.000Z","stockId":3000000160612,"sao":"2022年上半年，债券收益率维持偏震荡格局，收益率曲线呈现一定陡峭化。具体来看，2022年初，央行调降政策利率10BP，叠加相关央行官员发表“超鸽派”讲话，引发市场宽松预期明显升温，收益率快速下行；2月初-3月中旬，随着1月份PMI数据好于预期、社融数据同比多增，地产政策放松加码，以及“两会”财政支出预算提升，国内宽信用预期明显升温，收益率震荡攀升；3月中旬-4月初，深圳、上海等地区疫情“爆发”，经济下行压力加大，收益率小幅回落；4月中旬，降准幅度不及预期，政策宽松预期降温，收益率小幅上行；5月中旬-5月底，4月份社融等宏观经济数据恶化，北京出现局部疫情，叠加稳大盘会议后基本面担忧加剧，收益率小幅回落；5月底以来，随着上海、北京等地区疫情收尾，生产生活秩序“重启”，经济修复预期有所升温，收益率再度上行。整体来看，上半年债券收益率总体维持偏震荡格局，收益率曲线呈现一定陡峭化。从债券指数来看，不同类型债券财富指数均有不同程度上涨，其中国债财富指数上涨1.56%，企业债财富指数上涨2.62%。  上半年权益市场波动较大，整体有所下跌。沪深300指数收跌9.22%，创业板指数下跌15.41%。本报告期内基金以持有中高评级信用债为主，组合在1月份将久期保持较短水平，3月中旬将久期延长至中性较长水平，在6月初减持中长期品种，将久期降至中性略低水平，同时对权益市场投资进行了适度参与。","declarationDate":"2022-07-19T16:00:00.000Z","lastUpdated":"2026-03-09T14:09:04.483Z","mo":"展望未来，从国内基本面来看，随着上海、北京等地区新一轮疫情进入“扫尾”阶段，国内“复工复产”明显加速，疫情防控政策力求“精准化”，预计其对于经济活动的约束会相对“弱化”。同时随着前期国务院稳经济一揽子政策措施的逐步落实，全国生产生活秩序有效修复，叠加地产放松政策效果略有显现，地产行业景气度有所改善，因此短期国内经济增长有望出现阶段性修复。但考虑到疫情对于居民收入、消费行为的中长期影响，居民端需求的修复或面临约束，居民消费、地产销售修复总体或偏缓，叠加出口端的趋势性走弱，地方政府债务对于财政扩张的限制，下半年国内经济修复空间也相对有限。  随着经济基本面的阶段性修复，实体融资边际改善，叠加政府债发行的集中放量，短期债券市场可能面临一定调整压力。但由于本轮稳增长政策力度相对温和，经济向上修复空间相对有限，预计债券市场调整幅度也相对可控。从略中期角度来看，随着前期稳增长政策动力的减缓，以及海外经济周期性的向下，叠加政府债供给压力的缓解，债券市场或再度迎来阶段性的投资机会。  信用市场方面，在较为宽松的流动性支持下，近期信用债表现相对较好。但从中期角度来看，三季度经济有望出现阶段性修复，短端利率或将向政策利率靠近，过剩的流动性逐步进入实体，信用债资产荒的底层逻辑逐步走弱。而且从空间来看，目前信用债绝对收益率和利差处于历史较低位置，后续难以继续压缩，后续须防范信用利差走阔的风险。  权益方面，我们预计未来经济有望出现阶段性修复，但修复力度有限，因此权益市场短期仍有望反弹，但在企业盈利难以大幅修复背景下，反弹力度也有限，同时4月至今权益市场已积累较大涨幅，因此后续风险也在逐步加大，须及时进行止盈。  综合而言，我们短期债券市场保持略谨慎观点，组合暂时维持中性较短久期，一旦债券市场出现较大幅度的调整，组合将择机延长久期，品种仍以中高评级信用债为主。对于权益市场，我们认为权益市场仍具有一定的投资机会，组合将继续参与股票投资，若上涨幅度较大，组合或将择机减持权益仓位。","fund":{"_id":3000000160612,"__csrcFundId":159,"stockCode":"160612","shortName":"鹏华丰收债券(160612)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":160612,"masterFundFlag":1,"lastUpdated":"2026-05-01T06:33:12.477Z","status":"normal","inceptionDate":"2008-05-27T16:00:00.000Z","name":"鹏华丰收债券型证券投资基金","exchange":"jj","followedNum":3,"fundCollectionId":4000050060000,"currency":"CNY","masterFundShortName":"鹏华丰收债券","pinyin":"phfszqxzqtzjj","memoNum":1,"managers":[{"stockCode":"db20263201","stockType":"fund_manager","exchange":"fm","tickerId":2619146020,"name":"祝松"},{"stockCode":"db20796555","stockType":"fund_manager","exchange":"fm","tickerId":230710211880,"name":"吴国杰"},{"stockCode":"j101020939","stockType":"fund_manager","exchange":"fm","tickerId":121010269830,"name":"罗姣姣"}]},"announcement":{"linkText":"鹏华丰收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=783253","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed4807fea5b3eb054b219","date":"2022-03-30T16:00:00.000Z","stockId":3000000160612,"sao":"2022年第一季度，债券市场小幅上涨。第一季度初，央行调降政策利率10BP，相关央行官员发表“超鸽派”讲话，引发市场宽松预期明显升温，现券收益率快速下行；2月份以来，随着1月份PMI数据好于预期、社融数据同比多增，地产政策放松加码，以及“两会”财政支出预算提升，国内宽信用预期明显升温，债券市场情绪走弱，现券收益率震荡攀升。整体来看，第一季度债券收益率曲线呈现小幅陡峭化，收益率变动幅度相对有限。      2022年第一季度所有债券财富指数均出现不同程度的上涨，其中企业财富指数上涨幅度最大，涨幅达0.89%，国债次之，涨幅为0.64%，金融债相对落后，涨幅为0.56%。      第一季度权益市场整体表现不佳，主要权益指数均有所回落，其中沪深300指数下跌14.5%，创业板指数下跌20%左右。      本报告期内基金以持有中高评级信用债为主，组合1月份将组合久期保持较短水平，3月中旬将久期延长至中性较长水平，同时对权益市场投资进行了适度参与。","declarationDate":"2022-04-20T16:00:00.000Z","lastUpdated":"2026-03-09T14:09:04.480Z","fund":{"_id":3000000160612,"__csrcFundId":159,"stockCode":"160612","shortName":"鹏华丰收债券(160612)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":160612,"masterFundFlag":1,"lastUpdated":"2026-05-01T06:33:12.477Z","status":"normal","inceptionDate":"2008-05-27T16:00:00.000Z","name":"鹏华丰收债券型证券投资基金","exchange":"jj","followedNum":3,"fundCollectionId":4000050060000,"currency":"CNY","masterFundShortName":"鹏华丰收债券","pinyin":"phfszqxzqtzjj","memoNum":1,"managers":[{"stockCode":"db20263201","stockType":"fund_manager","exchange":"fm","tickerId":2619146020,"name":"祝松"},{"stockCode":"db20796555","stockType":"fund_manager","exchange":"fm","tickerId":230710211880,"name":"吴国杰"},{"stockCode":"j101020939","stockType":"fund_manager","exchange":"fm","tickerId":121010269830,"name":"罗姣姣"}]},"announcement":{"linkText":"鹏华丰收债券型证券投资基金 2022年第1季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=724004","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed4807fea5b3eb054b218","date":"2021-12-30T16:00:00.000Z","stockId":3000000160612,"sao":"2021年债券市场总体偏强，收益率以震荡回落为主，阶段性调整幅度相对有限。年初至春节前，央行阶段性收紧流动性，收益率出现小幅调整；3月-5月份，资金面维持宽松，政府债发行节奏弱于预期，叠加局部信用收紧，市场呈现阶段性“资产荒”，收益率震荡回落；7月份，全面降准政策落地，债券市场情绪明显提振，收益率加速下行；10月中上旬，海内外能源价格加速上行，全球通胀预期升温，叠加国内央行表态略偏“鹰”，收益率出现小幅调整；10月下旬以来，随着国内价格调控政策加码，大宗商品价格高位回落，通胀预期有所降温，叠加12月份降准政策落地，收益率再度震荡回落。整体来看，全年债券收益率呈现平坦化回落，低等级信用债收益率回落幅度略低于中高等级品种;全年各类型债券财富指数均有所上涨，其中国债财富指数上涨5.85%，企业债财富指数上涨6.05%。      2021年权益市场指数走势略有分化，其中沪深300指数下跌5.2%，创业板指数上涨12.02%。本报告期内基金以持有中高评级信用债为主，组合久期在第一季度保持较短水平，6月开始延长久期，在10月减持部分债券，适当降低久期，目前保持中性水平。在2021年，本组合基金参与了权益类品种的投资机会。","declarationDate":"2022-01-20T16:00:00.000Z","lastUpdated":"2026-03-09T14:09:04.473Z","mo":"展望2022年，国内经济增长仍存在一定压力。其中在外需下降、出口份额占比提升有限等不利因素影响下，出口增速可能面临高位回落压力；内需方面：消费增速在疫情反复影响下，恢复仍有较大不确定性。此外地产下行风险尚未出清，制造业等经济修复链条也面临“见顶”的压力，而基建投资的回暖则面临地方债务管控的“长期约束”；后续经济的企稳有赖于国内政策的继续宽松。在经济走弱及政策放松的综合影响下，短期内债券市场风险不大；但由于目前债券收益率整体水平较低，后续若国内宽信用政策进一步有效出台，债券市场可能面临一定调整风险。      信用债方面，在较低利率环境下，信用债仍有一定的配置需求。但由于当前无论是绝对收益率还是信用利差均处于历史较低水平，且当前部分行业仍面临较大的资金链压力，一旦债券市场调整，信用债可能面临信用利差扩大的风险。投资上须继续规避信用资质较差主体。      权益方面，2022年国内经济增长存在一定压力，但货币政策有望保持宽松，市场流动性有望保持充裕格局，权益市场有望继续震荡上涨，但 预计2022年整体收益将有所缩窄，且波动较大。      综合而言，我们认为目前债券具有一定的配置价值，组合在债券配置方面将维持中性久期，并在严格控制信用风险的前提下，保持中高评级信用产品的持仓，但期限上以中等期限为主。权益方面，组合将保持合理的权益仓位，力争为投资者创造更高收益。","fund":{"_id":3000000160612,"__csrcFundId":159,"stockCode":"160612","shortName":"鹏华丰收债券(160612)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":160612,"masterFundFlag":1,"lastUpdated":"2026-05-01T06:33:12.477Z","status":"normal","inceptionDate":"2008-05-27T16:00:00.000Z","name":"鹏华丰收债券型证券投资基金","exchange":"jj","followedNum":3,"fundCollectionId":4000050060000,"currency":"CNY","masterFundShortName":"鹏华丰收债券","pinyin":"phfszqxzqtzjj","memoNum":1,"managers":[{"stockCode":"db20263201","stockType":"fund_manager","exchange":"fm","tickerId":2619146020,"name":"祝松"},{"stockCode":"db20796555","stockType":"fund_manager","exchange":"fm","tickerId":230710211880,"name":"吴国杰"},{"stockCode":"j101020939","stockType":"fund_manager","exchange":"fm","tickerId":121010269830,"name":"罗姣姣"}]},"announcement":{"linkText":"鹏华丰收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=712184","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed4807fea5b3eb054b217","date":"2021-09-29T16:00:00.000Z","stockId":3000000160612,"sao":"第三季度债券大幅上涨。第三季度前半段，央行降准政策落地，市场乐观情绪高涨，叠加疫情、汛情等因素的影响，经济悲观预期抬升，市场乐观情绪延续，债券收益率快速下行；第三季度后半段，受海内外大宗商品价格上涨，通胀预期抬升，以及海外货币政策收紧预期等因素的影响，债券收益率略有抬升。整体来看，第三季度债券收益率曲线呈现陡峭化下行。     第三季度所有债券财富指数均出现不同程度的上涨，其中国债财富指数上涨幅度最大，涨幅达2.22%，金融债次之，涨幅为1.82%，企业债相对落后，涨幅为1.78%。    本季度权益市场小幅下挫。沪深300指数和创业板指数分别下跌6.85%和6.69%。本报告期内基金以持有中高评级信用债为主，组合期初将久期维持中性略高水平，在8月初将久期降低至中性较低水平，同时对权益市场投资进行了适度参与。","declarationDate":"2021-10-25T16:00:00.000Z","lastUpdated":"2026-03-09T14:09:04.469Z","fund":{"_id":3000000160612,"__csrcFundId":159,"stockCode":"160612","shortName":"鹏华丰收债券(160612)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":160612,"masterFundFlag":1,"lastUpdated":"2026-05-01T06:33:12.477Z","status":"normal","inceptionDate":"2008-05-27T16:00:00.000Z","name":"鹏华丰收债券型证券投资基金","exchange":"jj","followedNum":3,"fundCollectionId":4000050060000,"currency":"CNY","masterFundShortName":"鹏华丰收债券","pinyin":"phfszqxzqtzjj","memoNum":1,"managers":[{"stockCode":"db20263201","stockType":"fund_manager","exchange":"fm","tickerId":2619146020,"name":"祝松"},{"stockCode":"db20796555","stockType":"fund_manager","exchange":"fm","tickerId":230710211880,"name":"吴国杰"},{"stockCode":"j101020939","stockType":"fund_manager","exchange":"fm","tickerId":121010269830,"name":"罗姣姣"}]},"announcement":{"linkText":"鹏华丰收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=653387","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed4807fea5b3eb054b216","date":"2021-06-29T16:00:00.000Z","stockId":3000000160612,"sao":"上半年，债券收益率先上后下，整体略有下行。具体来看，2021年开年，在资金面维持宽松的影响下，收益率小幅回落；而1月中下旬，随着权益市场、地产价格的快速上涨，引发央行“警惕”，央行公开市场阶段性收紧流动性，市场紧缩预期升温，收益率快速上行；2月中旬-5月底，资金面持续维持宽松，政府债发行节奏弱于预期，市场形成阶段性“资产荒”，现券收益率震荡回落；6月初，政府债供给担忧增加，叠加资金中枢小幅抬升，收益率小幅上行；6月中下旬，基本面数据边际趋弱，叠加美联储议息会议靴子落地，政府债供给边际缩量，收益率再度小幅回落。整体来看，上半年债券收益率总体下行。不同类型债券财富指数均有不同程度上涨，其中国债财富指数上涨2.17%，企业债财富指数上涨2.53%。     上半年权益市场波动较大，整体上涨。沪深300指数上涨0.24%，创业板指数上涨17.22%。本报告期内基金以持有中高评级信用债为主，组合1月份将久期保持较短水平，2月中旬将久期延长至中性较长水平，同时对权益市场投资进行了适度参与。","declarationDate":"2021-07-19T16:00:00.000Z","lastUpdated":"2026-03-09T14:09:04.466Z","mo":"展望未来，下半年国内经济增长仍存在较大隐患。随着海外财政补贴的退坡、产能的逐步修复，出口端对于国内经济拉动作用边际趋缓，叠加地产投资高位回落，消费增速恢复面临一定瓶颈，预计经济下行压力或有所加大，债券收益率仍有下行空间。但短期而言，由于7月份央行已出台降准措施，叠加国内经济增长仍保持一定韧性，货币政策短期难以再大幅宽松，债券收益率继续大幅下行空间有限。      信用市场方面，我们预期国内防风险的维稳政策仍将延续，叠加企业盈利近期有所改善，整体融资环境有望延续修复态势，下半年将会是“信用企稳+盈利高位回落+政策维稳惯性”的组合，整体信用风险仍相对可控。不过中长期来看，需警惕明年政策退坡带来的冲击，关键的信用事件以及评级调整风险也需持续关注。由于目前信用利差较低，叠加利率债收益率下行空间有限，预计未来信用债收益率将维持窄幅波动。      权益方面，我们预计下半年受经济增长下行压力加大影响，企业盈利增长将有所放缓，叠加目前权益市场整体估值较高，国内权益市场难以整体上涨，更多是结构性机会，景气度较高的新能源汽车、电子等行业可能有较大投资机会，投资上须进一步加强灵活性，要及时根据政策变化及市场情况适当调整仓位及结构。       综合而言，我们对债券市场持中性偏乐观观点，由于短期债券市场难有较大机会，组合暂时维持中性久期，一旦经济下行趋势明确，将进一步延长组合久期，品种仍以中高评级信用债为主。对于权益市场，我们认为权益市场仍具有结构性的投资机会，组合将继续参与权益投资，力争为投资者创造更高收益。","fund":{"_id":3000000160612,"__csrcFundId":159,"stockCode":"160612","shortName":"鹏华丰收债券(160612)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":160612,"masterFundFlag":1,"lastUpdated":"2026-05-01T06:33:12.477Z","status":"normal","inceptionDate":"2008-05-27T16:00:00.000Z","name":"鹏华丰收债券型证券投资基金","exchange":"jj","followedNum":3,"fundCollectionId":4000050060000,"currency":"CNY","masterFundShortName":"鹏华丰收债券","pinyin":"phfszqxzqtzjj","memoNum":1,"managers":[{"stockCode":"db20263201","stockType":"fund_manager","exchange":"fm","tickerId":2619146020,"name":"祝松"},{"stockCode":"db20796555","stockType":"fund_manager","exchange":"fm","tickerId":230710211880,"name":"吴国杰"},{"stockCode":"j101020939","stockType":"fund_manager","exchange":"fm","tickerId":121010269830,"name":"罗姣姣"}]},"announcement":{"linkText":"鹏华丰收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=632597","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed4807fea5b3eb054b215","stockId":3000000160612,"sao":"第一季度债券市场先跌后涨。年初随着央行流动性投放的边际收紧，市场流动性出现明显收敛，叠加海外经济复苏预期的持续增强，大宗商品价格出现明显抬升，全球“再通涨”预期加强，债券收益率出现快速上行；而春节以来，在“两会”政策维稳，财政支出加速，地方债供给维持低位等因素共同影响之下，资金面维持偏宽松的格局，叠加权益市场快速下挫，以及商品价格冲高回落，全球通胀预期降温，债券收益率震荡回落。整体来看，一季度债券收益率变动略有分化，其中超长端收益率略有回落，中短端收益率略有回升，收益率曲线呈现一定“平坦化”。第一季度主要债券财富指数均出现不同程度的上涨，其中企业债总指数上涨幅度最大，涨幅达0.92%。         第一季度权益市场波动也明显加大，主要权益指数先涨后跌，整体有所回落，其中沪深300指数下跌3.13%，创业板指数下跌7%。         本报告期内基金以持有中高评级信用债为主，组合1月份将组合久期保持较短水平，2月中旬将久期延长中性水平，同时对权益市场投资进行了适度参与。","date":"2021-03-30T16:00:00.000Z","declarationDate":"2021-04-20T16:00:00.000Z","lastUpdated":"2026-03-09T14:09:04.463Z","fund":{"_id":3000000160612,"__csrcFundId":159,"stockCode":"160612","shortName":"鹏华丰收债券(160612)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":160612,"masterFundFlag":1,"lastUpdated":"2026-05-01T06:33:12.477Z","status":"normal","inceptionDate":"2008-05-27T16:00:00.000Z","name":"鹏华丰收债券型证券投资基金","exchange":"jj","followedNum":3,"fundCollectionId":4000050060000,"currency":"CNY","masterFundShortName":"鹏华丰收债券","pinyin":"phfszqxzqtzjj","memoNum":1,"managers":[{"stockCode":"db20263201","stockType":"fund_manager","exchange":"fm","tickerId":2619146020,"name":"祝松"},{"stockCode":"db20796555","stockType":"fund_manager","exchange":"fm","tickerId":230710211880,"name":"吴国杰"},{"stockCode":"j101020939","stockType":"fund_manager","exchange":"fm","tickerId":121010269830,"name":"罗姣姣"}]},"announcement":{"linkText":"鹏华丰收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=571412","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed4807fea5b3eb054b214","stockId":3000000160612,"sao":"2020年债券市场宽幅震荡，收益率先下后上，市场经历快速的牛熊切换。年初至4月，新冠疫情在国内外快速扩散，经济活动受到极大干扰，为对冲疫情影响，货币政策大幅放松，债券收益率快速下行，十年国债收益率一度突破2.5%的历史低位；5月后，国内疫情防控形势逐步好转，经济基本面不断修复，央行货币政策边际收紧，债券收益率震荡上行，同时股市上涨、供给压力、信用风险事件等也加剧了熊市行情；11月永煤事件发生后，为缓和流动性冲击，央行出手投放流动性，维稳跨年资金面，债券收益率有所回落。整体来看，全年债券收益率平坦化上行，受永煤事件影响，低等级信用债收益率相比2019年末上行幅度较大。去年各类型债券财富指数均有所上涨，其中国债财富指数上涨2.65%，企业债财富指数上涨3.98%。        2020年权益市场涨幅较大。其中沪深300指数上涨13.87%，创业板指数上涨64.96%。本报告期内基金以持有中高评级信用债为主，组合久期在年初保持较长水平，二季度开始降低组合久期，目前保持中性水平，并参与了权益类品种的投资机会。","date":"2020-12-30T16:00:00.000Z","declarationDate":"2021-01-21T16:00:00.000Z","lastUpdated":"2026-03-09T14:09:04.461Z","mo":"展望2021年，国内经济基本面继续修复，在海内外需求改善的背景下，经济结构的“内生性”明显增强，经济增长读数上呈现“前高后低”，而“内生性”的增长则主要取决于全球疫情与经济的演化，外需与出口成为拉动经济基本面走势的主要力量。货币政策或将继续维持相对偏中性的基调，操作上更多的“相机抉择”，资金面维持紧平衡“不缺不溢”。 在此影响下，债券市场也难有较大空间的趋势性行情，或将维持区间震荡格局。从节奏上来看，下半年债市可能面临较大机会。        信用债方面，在后疫情时代，宽松政策可能逐步退出，企业融资条件或将进一步收紧。即便中央和地方频频发声稳定信用市场信心，但永煤违约对信用债融资的冲击短期难以消除，叠加2021年3-4月信用债到期高峰，信用风险仍未有效释放，投资上须继续规避信用资质较差主体。        权益方面，2021年国内经济仍在回升过程中，企业盈利继续改善，权益市场有望继续震荡上涨，但考虑到目前权益市场估值不低，2021年整体收益可能将较2020年有所缩窄。       综合而言，我们认为目前债券具有一定的配置价值，组合在债券配置方面将维持中性久期，并在严格控制信用风险的前提下，保持中高评级信用产品的持仓，但期限上以中等期限为主。权益方面，组合将保持合理的权益仓位，力争为投资者创造更高收益。","fund":{"_id":3000000160612,"__csrcFundId":159,"stockCode":"160612","shortName":"鹏华丰收债券(160612)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":160612,"masterFundFlag":1,"lastUpdated":"2026-05-01T06:33:12.477Z","status":"normal","inceptionDate":"2008-05-27T16:00:00.000Z","name":"鹏华丰收债券型证券投资基金","exchange":"jj","followedNum":3,"fundCollectionId":4000050060000,"currency":"CNY","masterFundShortName":"鹏华丰收债券","pinyin":"phfszqxzqtzjj","memoNum":1,"managers":[{"stockCode":"db20263201","stockType":"fund_manager","exchange":"fm","tickerId":2619146020,"name":"祝松"},{"stockCode":"db20796555","stockType":"fund_manager","exchange":"fm","tickerId":230710211880,"name":"吴国杰"},{"stockCode":"j101020939","stockType":"fund_manager","exchange":"fm","tickerId":121010269830,"name":"罗姣姣"}]},"announcement":{"linkText":"鹏华丰收债券型证券投资基金2020年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=556315","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed4807fea5b3eb054b213","stockId":3000000160612,"sao":"第三季度债券市场继续走弱。7月上旬，股票市场大幅上涨，同时各项经济数据好于预期，推动债券收益率大幅上行；7月中下旬，中美关系出现波折，叠加股票市场阶段性调整，债券收益率有所回落；但进入8月后，股票市场再度走高，风险偏好回升再度压制债市，同时地方债发行放量，银行间资金利率中枢走高，债市再度走弱；至9月，在市场预期经济复苏速度放缓及社融、经济增长数据相继超市场预期的双重影响下，债券市场弱势震荡，收益率上行速度略有趋缓。整体来看，第三季度债券收益率呈现平坦化上行，且上行幅度较大。第三季度不同类型债券财富指数表现分化，其中国债财富指数下跌1.41%，企业债财富指数上涨0.62%。         本季度权益市场涨幅较大。沪深300指数上涨10.17%，创业板指数上涨5.6%。本报告期内基金以持有中高评级信用债为主，组合久期保持中性略短水平，对权益市场投资进行了积极参与。","date":"2020-09-29T16:00:00.000Z","declarationDate":"2020-10-27T16:00:00.000Z","lastUpdated":"2026-03-09T14:09:04.458Z","fund":{"_id":3000000160612,"__csrcFundId":159,"stockCode":"160612","shortName":"鹏华丰收债券(160612)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":160612,"masterFundFlag":1,"lastUpdated":"2026-05-01T06:33:12.477Z","status":"normal","inceptionDate":"2008-05-27T16:00:00.000Z","name":"鹏华丰收债券型证券投资基金","exchange":"jj","followedNum":3,"fundCollectionId":4000050060000,"currency":"CNY","masterFundShortName":"鹏华丰收债券","pinyin":"phfszqxzqtzjj","memoNum":1,"managers":[{"stockCode":"db20263201","stockType":"fund_manager","exchange":"fm","tickerId":2619146020,"name":"祝松"},{"stockCode":"db20796555","stockType":"fund_manager","exchange":"fm","tickerId":230710211880,"name":"吴国杰"},{"stockCode":"j101020939","stockType":"fund_manager","exchange":"fm","tickerId":121010269830,"name":"罗姣姣"}]},"announcement":{"linkText":"鹏华丰收债券型证券投资基金2020年第三季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=493992","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed4807fea5b3eb054b212","stockId":3000000160612,"sao":"上半年，债券市场波动较大，收益率先下后上，整体略有下行。具体来看，开年在宽裕资金面影响下，收益率延续2019年末下行趋势；1月下旬开始，新冠疫情成为影响债市的核心变量，随着疫情在国内外的扩散，经济活动受到干扰，全球避险情绪升温，叠加全球主要经济体货币政策大幅宽松，推动债券收益率大幅下行，期间国内10年国债收益率突破2016年低点，创2002年以来新低。但4月底开始，在国内经济复苏背景下，央行逐步退出特殊时期货币政策，同时利率债供给放量，收益率触底回升。整体来看，上半年债券收益率总体下行。不同类型债券财富指数均有不同程度上涨，其中国债财富指数上涨2.75%，企业债财富指数上涨2.42%。       上半年权益市场波动较大，整体上涨。沪深300指数上涨1.64%，创业板指数上涨35.6%。本报告期内基金以持有中高评级信用债为主，组合久期保持中性偏短水平，对权益市场投资进行了积极参与。","date":"2020-06-29T16:00:00.000Z","declarationDate":"2020-07-20T16:00:00.000Z","lastUpdated":"2026-03-09T14:09:04.452Z","mo":"展望未来，虽然4月份以来债券收益率出现较大幅度上行，短期内全球疫情、外需仍存在一定不确定性，叠加国内经济修复动能边际有所趋缓，债券市场或许存在交易性机会。但从中期来看，疫情对经济活动的冲击有望逐步消退，同时全球各经济体陆续出台经济刺激政策，后续国内经济增长有望逐季修复。因此，债券市场难以出现趋势性机会。         信用市场方面，受利率债收益率调整影响，信用债收益率在二季度末出现较大幅度上行，绝对收益率已经回到2019年年底水平。但由于二季度末债券持续下跌，部分净值型理财产品出现亏损，叠加股票市场加速上涨，债券型理财产品后续可能面临较大赎回压力，信用债的信用利差难以大幅压缩，投资上仍须控制久期风险。         权益方面，随着国内经济活动逐步恢复正轨，宽信用政策效果逐步显现，我们预计权益市场有望继续上涨，但另一方面，我们也须清醒的认识到，目前国内经济增长仍存在一定隐患，全球疫情仍有反复，同时权益市场近期已出现较大幅度上涨，后期股票市场波动可能加大，投资上须进一步加强灵活性，要及时根据政策变化及市场情况适当调整仓位及结构。          综合而言，我们对债券市场持谨慎观点，虽然后期可能参与债券市场交易性机会，但组合整体维持中性略短久期，品种仍以中高评级信用债为主。对于权益市场，我们认为权益市场仍具有较大投资机会，组合将继续参与权益投资，力争为投资者创造更高收益。","fund":{"_id":3000000160612,"__csrcFundId":159,"stockCode":"160612","shortName":"鹏华丰收债券(160612)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":160612,"masterFundFlag":1,"lastUpdated":"2026-05-01T06:33:12.477Z","status":"normal","inceptionDate":"2008-05-27T16:00:00.000Z","name":"鹏华丰收债券型证券投资基金","exchange":"jj","followedNum":3,"fundCollectionId":4000050060000,"currency":"CNY","masterFundShortName":"鹏华丰收债券","pinyin":"phfszqxzqtzjj","memoNum":1,"managers":[{"stockCode":"db20263201","stockType":"fund_manager","exchange":"fm","tickerId":2619146020,"name":"祝松"},{"stockCode":"db20796555","stockType":"fund_manager","exchange":"fm","tickerId":230710211880,"name":"吴国杰"},{"stockCode":"j101020939","stockType":"fund_manager","exchange":"fm","tickerId":121010269830,"name":"罗姣姣"}]},"announcement":{"linkText":"鹏华丰收债券型证券投资基金2020年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=464443","linkType":"PDF","source":"csrc_pdf"}}]}