window.pageData = {"stock":{"_id":3000000024941,"stockCode":"024941","masterFundShortName":"银华钰盈债券","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":24941,"currency":"CNY","masterFundFlag":1,"status":"normal","exchange":"jj","shortName":"银华钰盈债券A","name":"银华钰盈债券型证券投资基金","pinyin":"yhyyzqxzqtzjj","fundCollectionId":4000050140000,"setUpAssetScale":302770119.22,"setUpDate":"2025-09-23T16:00:00.000Z","setUpShares":302770119.22,"inceptionDate":"2025-09-25T16:00:00.000Z","fundCollection":{"exchange":"jjgs","stockType":"fund_collection","stockCode":"50140000","tickerId":50140000,"name":"银华基金管理股份有限公司"},"managers":[{"name":"孙慧","stockType":"fund_manager","stockCode":"8801404185","exchange":"fm","tickerId":1908168260}],"hotMetrics":{"fss":{"stockId":3000000024941,"type":"fss","last_data_date":"2025-12-30T16:00:00.000Z","f_ins_h_s_r":0,"f_ind_h_s_r":1,"f_h_a":615},"fpr":{"stockId":3000000024941,"type":"fpr","f_cagr_p_r_fs_ssc":7391,"f_cagr_p_r_fs_ssrp":0.9125845737483085,"f_p_r_m1_ssc":7664,"f_p_r_m1_ssrp":0.7934229414067597,"f_p_r_m3_ssc":7559,"f_p_r_m3_ssrp":0.8682191055834877,"f_p_r_fys_ssc":7435,"f_p_r_fys_ssrp":0.8642722625773473,"f_p_r_m6_ssc":7434,"f_p_r_m6_ssrp":0.8806672944975111},"fp":{"stockId":3000000024941,"type":"fp","last_data_date":"2026-07-07T16:00:00.000Z","f_p_r_m1":0.0002967065572145877,"f_cagr_p_r_fs":0.011298870112988801,"f_p_r_m3":0.0009897070467146385,"f_p_r_fys":0.007169886476797727,"f_p_r_m6":0.0047685277170679274,"f_i_d":"2025-09-25T16:00:00.000Z"},"ff":{"stockId":3000000024941,"type":"ff","f_fr_d":"2025-12-30T16:00:00.000Z","f_m_fr":0.005,"f_c_fr":0.0015,"f_mac_fr":0.006500000000000001},"f_nlacan":{"stockId":3000000024941,"type":"f_nlacan","f_nv_d":"2026-07-07T16:00:00.000Z","f_nv":1.0114,"f_nv_cr":-0.0013823064770930316},"f_as":{"stockId":3000000024941,"type":"f_as","f_tas":87976863.83999999,"f_tas_d":"2026-03-30T16:00:00.000Z"}},"masterSlaveFunds":[{"_id":3000000024942,"name":"银华钰盈债券型证券投资基金","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","status":"normal","stockCode":"024942","tickerId":24942,"shortName":"银华钰盈债券C","currency":"CNY","__csrcFundId":15646,"exchange":"jj","masterFundFlag":null,"indexFundFlag":null,"activeFundFlag":null,"etfFundFlag":null,"lofFundFlag":null,"pensionTargetFlag":null,"feederFundFlag":null,"classificationFlag":null,"closedEnd":null,"lastUpdated":"2025-10-10T22:43:00.410Z","inceptionDate":"2025-09-25T16:00:00.000Z","fundCollectionId":4000050140000,"pinyin":"yhyyzqxzqtzjj"}],"shareholdings":[{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-20T16:00:00.000Z","fundId":3000000024941,"stockId":600989,"holdings":21100,"marketCap":613166,"netValueRatio":0.0024,"quarterlyChange":0.4803871625063667,"stock":{"stockCode":"600989","exchange":"sh","stockType":"company","tickerId":600989,"name":"宝丰能源"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-20T16:00:00.000Z","fundId":3000000024941,"stockId":1000000000002883,"holdings":68000,"marketCap":542166,"netValueRatio":0.0021,"quarterlyChange":0.29184549356223144,"stock":{"stockCode":"02883","exchange":"hk","stockType":"company","tickerId":2883,"name":"中海油田服务"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-20T16:00:00.000Z","fundId":3000000024941,"stockId":600060,"holdings":24100,"marketCap":538876,"netValueRatio":0.0021,"quarterlyChange":-0.07907742998352496,"stock":{"stockCode":"600060","exchange":"sh","stockType":"company","tickerId":600060,"name":"海信视像"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-20T16:00:00.000Z","fundId":3000000024941,"stockId":2027,"holdings":79400,"marketCap":520070,"netValueRatio":0.002,"quarterlyChange":-0.11126187245590258,"stock":{"stockCode":"002027","exchange":"sz","stockType":"company","tickerId":2027,"name":"分众传媒"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-20T16:00:00.000Z","fundId":3000000024941,"stockId":601899,"holdings":15600,"marketCap":510432,"netValueRatio":0.002,"quarterlyChange":-0.05076878445024502,"stock":{"stockCode":"601899","exchange":"sh","stockType":"company","tickerId":601899,"name":"紫金矿业"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-20T16:00:00.000Z","fundId":3000000024941,"stockId":688041,"holdings":2355,"marketCap":495162,"netValueRatio":0.0019,"quarterlyChange":-0.06273993694950597,"stock":{"name":"海光信息","exchange":"sh","stockType":"company","stockCode":"688041","tickerId":688041}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-20T16:00:00.000Z","fundId":3000000024941,"stockId":2126,"holdings":11100,"marketCap":471861,"netValueRatio":0.0018,"quarterlyChange":0.12460317460317416,"stock":{"stockCode":"002126","exchange":"sz","stockType":"company","tickerId":2126,"name":"银轮股份"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-20T16:00:00.000Z","fundId":3000000024941,"stockId":600988,"holdings":10900,"marketCap":470335,"netValueRatio":0.0018,"quarterlyChange":0.38124199743918097,"stock":{"stockCode":"600988","exchange":"sh","stockType":"company","tickerId":600988,"name":"赤峰黄金"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-20T16:00:00.000Z","fundId":3000000024941,"stockId":600499,"holdings":29400,"marketCap":467166,"netValueRatio":0.0018,"quarterlyChange":0.1456380677721698,"stock":{"stockCode":"600499","exchange":"sh","stockType":"company","tickerId":600499,"name":"科达制造"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-20T16:00:00.000Z","fundId":3000000024941,"stockId":601126,"holdings":10700,"marketCap":460956,"netValueRatio":0.0018,"quarterlyChange":0.43218085106382986,"stock":{"stockCode":"601126","exchange":"sh","stockType":"company","tickerId":601126,"name":"四方股份"}}],"bondHoldings":[{"_id":"69e7d77a6201787ae12a5ae3","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-20T16:00:00.000Z","fundId":3000000024941,"stockCode":"115347","stockName":"23华泰G9","holdings":200000,"marketCap":21010715,"netValueRatio":0.0811,"lastUpdated":"2026-04-21T20:00:58.288Z"},{"_id":"69e7d77a6201787ae12a5ae4","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-20T16:00:00.000Z","fundId":3000000024941,"stockCode":"102282267","stockName":"22国新控股MTN004(能源保供特别债)","holdings":200000,"marketCap":20622136,"netValueRatio":0.0796,"lastUpdated":"2026-04-21T20:00:58.296Z"},{"_id":"69e7d77a6201787ae12a5ae5","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-20T16:00:00.000Z","fundId":3000000024941,"stockCode":"102480398","stockName":"24武汉城投MTN001","holdings":200000,"marketCap":20469899,"netValueRatio":0.079,"lastUpdated":"2026-04-21T20:00:58.300Z"},{"_id":"69e7d77a6201787ae12a5ae6","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-20T16:00:00.000Z","fundId":3000000024941,"stockCode":"102581458","stockName":"25国家能源MTN002","holdings":200000,"marketCap":20465600,"netValueRatio":0.079,"lastUpdated":"2026-04-21T20:00:58.303Z"},{"_id":"69e7d77a6201787ae12a5ae7","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-20T16:00:00.000Z","fundId":3000000024941,"stockCode":"102483858","stockName":"24电网MTN005","holdings":200000,"marketCap":20383785,"netValueRatio":0.0787,"lastUpdated":"2026-04-21T20:00:58.307Z"}],"lastFsMetrics":{"latestTurnoverRate":0.05535526973493474,"latestTurnoverRateDate":"2025-12-30T16:00:00.000Z"}},"list":[{"_id":"69e7d5996201787ae129f5da","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-20T16:00:00.000Z","stockId":3000000024941,"sao":"回顾一季度，美伊地缘冲突持续演绎，全球风险资产波动率显著抬升，国内股票、纯债、转债市场均呈现高波动、快轮动特征。权益市场震荡上行后阶段性调整，大小市值风格频繁切换，行业轮动加速；纯债市场在开年回暖后遭遇资金兑现压力，叠加政策预期与滞胀担忧，收益率区间震荡、期限利差走阔；转债市场处于历史高位估值区间，在强赎集中触发、正股波动与交易结构脆弱的多重影响下，估值快速压缩后月末有所修复，整体呈现先抑后扬、结构分化的运行态势。　　操作上，我们节前保持了相对积极的股票和基金仓位，节后在市场高位适当收缩回归中性水平，结构上继续维持相对均衡的配置；转债在估值高位大幅降低仓位，持仓以双低品种为主；债券维持中性久期，围绕凸点品种配置，力争为组合提供稳健收益。　　展望2026年二季度，短期国际冲突加大了市场波动，一定程度上降低了风险偏好，中期范围内我们关注两点：一是油价中枢上升带来的滞涨风险；二是全球范围内流动性边际收紧的风险。但是，我们认为，权益市场上涨的中期逻辑仍然没有本质变化。经济总体维持底部区域，下行风险大大降低；同时利率低位、流动性相对宽松。近期的国际冲突总体或将影响企业盈利修复的节奏，但可能方向不会改变。因此，我们将继续维持一定的含权敞口，对可能的风险保持警惕和关注，积极挖掘结构性机会。转债在权益机会仍在，供需仍好的背景下，短期预计估值仍会在较高水平波动，适当逆向操作，控制风险积累收益，我们仍然主要关注中等价格平衡双低品种，并利用自身优势进行正股增强。债券预计将仍以中高等级、中短久期信用品种为底仓，力争获取稳健收益。　　自下而上的，我们仍然坚持既定框架，主要关注以下几类机会：一是，基本面或有边际改善的价值龙头和生意模式较好下有稳定分红预期的高股息资产；二是，正在处于良好盈利趋势中而估值并不贵的公司；三是，尽管当前还没有显示出较强的盈利趋势，但是调整时间足够长、空间足够大，通过领先指标我们推断未来一段时间大概率将走出盈利趋势的行业。结构上主要关注的方向包括：AI基础设施、能源替代、出口竞争优势、资源能源品等，短期我们将重点关注一季报带来的景气线索，并进行相关配置。","lastUpdated":"2026-04-21T19:52:57.388Z","fund":{"_id":3000000024941,"__csrcFundId":15646,"stockCode":"024941","masterFundShortName":"银华钰盈债券","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":24941,"currency":"CNY","masterFundFlag":1,"status":"normal","exchange":"jj","shortName":"银华钰盈债券(024941)","lastUpdated":"2026-05-01T04:29:22.976Z","name":"银华钰盈债券型证券投资基金","pinyin":"yhyyzqxzqtzjj","fundCollectionId":4000050140000,"setUpAssetScale":302770119.22,"setUpDate":"2025-09-23T16:00:00.000Z","setUpShares":302770119.22,"inceptionDate":"2025-09-25T16:00:00.000Z","managers":[{"stockCode":"8801404185","stockType":"fund_manager","exchange":"fm","tickerId":1908168260,"name":"孙慧"}]},"announcement":{"linkText":"银华钰盈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=1469466","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69c7705769b11a867413e1d8","date":"2025-12-30T16:00:00.000Z","declarationDate":"2026-03-27T16:00:00.000Z","stockId":3000000024941,"sao":"2025年，尽管存在关税冲突等扰动，全球资本市场在宏观政策取向积极、风险偏好抬升的背景下总体强势。国内方面，随着名义经济增速的企稳改善、新兴产业趋势的建立以及资本市场定位的持续优化，权益市场同样表现积极，同时结构性机会轮番活跃。转债在跟随正股表现的同时，估值经历了从修复到高估的全过程，参与难度逐渐增大。债券市场结束了过去几年的单边下行行情，进入“低利率、低利差、高波动”阶段，部分品种利差开始走阔。　　操作上，建仓期股票配置总体均衡；转债以平衡双低品种为主，辅以正股增强；债券维持中性久期，围绕凸点品种配置，力争为组合提供稳健收益。","lastUpdated":"2026-03-28T06:08:23.304Z","mo":"展望2026年，权益市场上涨的中期逻辑仍然没有本质变化。经济总体维持底部区域，下行风险大大降低；同时利率低位、流动性较为宽松。在宏观和产业政策加持以及AI产业趋势下，预计结构性机会仍将活跃。如果把A股看成一家公司，这家公司当前的ROE水平处于历史低位，由于预期改善出现估值回升，但我们更期待的是，企业盈利可以出现持续的改善，届时市场将面临更大的机会。因此，我们将继续维持一定的含权敞口，积极操作。由于2026年名义经济增速大概率回升，预计债券市场收益率中枢水平也将有所回升，但货币宽松背景下，预计收益率会呈现宽幅波动的局面。我们将仍以中高等级、中短久期信用品种为底仓，力争获取稳健收益。转债在权益市场中期向好、且有较好的供需格局下，预计估值仍将维持较高水平。每一次估值风险释放的时候，可能都是较好的配置时点。不过估值水平较高的情况下，择券的难度也在加大。品种上我们仍然最关注中等价格平衡双低品种，因为这类品种已经有了结构性机会赋予的动量特征，但是估值又不贵，而且又有较大的价格提升空间，总体凸性较强。资产配置上，着眼于各类资产的机会判断，我们认为权益类资产总体好于债券资产，转债估值虽然较贵，但从预期收益的角度，可能仍好于债券，因此我们仍坚持在组合中保有一定的转债敞口。","fund":{"_id":3000000024941,"__csrcFundId":15646,"stockCode":"024941","masterFundShortName":"银华钰盈债券","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":24941,"currency":"CNY","masterFundFlag":1,"status":"normal","exchange":"jj","shortName":"银华钰盈债券(024941)","lastUpdated":"2026-05-01T04:29:22.976Z","name":"银华钰盈债券型证券投资基金","pinyin":"yhyyzqxzqtzjj","fundCollectionId":4000050140000,"setUpAssetScale":302770119.22,"setUpDate":"2025-09-23T16:00:00.000Z","setUpShares":302770119.22,"inceptionDate":"2025-09-25T16:00:00.000Z","managers":[{"stockCode":"8801404185","stockType":"fund_manager","exchange":"fm","tickerId":1908168260,"name":"孙慧"}]},"announcement":{"linkText":"银华钰盈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=1450815","linkType":"PDF","source":"csrc_pdf"}}]}