window.pageData = {"stock":{"_id":3000000025164,"stockCode":"025164","masterFundShortName":"易方达创业板增强","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","tickerId":25164,"currency":"CNY","masterFundFlag":1,"status":"normal","exchange":"jj","shortName":"易方达创业板增强A","name":"易方达创业板指数增强型证券投资基金","pinyin":"yfdcybzszqxzqtzjj","fundCollectionId":4000050110000,"setUpAssetScale":345867506.4,"setUpDate":"2025-09-01T16:00:00.000Z","setUpShares":345867506.4,"inceptionDate":"2025-09-04T16:00:00.000Z","indexFundFlag":1,"followedNum":1,"indexId":1000000399006,"fundCollection":{"exchange":"jjgs","stockType":"fund_collection","stockCode":"50110000","tickerId":50110000,"name":"易方达基金管理有限公司"},"index":{"stockCode":"399006","stockType":"index","exchange":"sz","areaCode":"cn","tickerId":399006,"name":"创业板指","rebalancingFrequency":"semi-annually"},"managers":[{"name":"殷明","stockType":"fund_manager","stockCode":"db20793334","exchange":"fm","tickerId":2513214370}],"hotMetrics":{"fss":{"stockId":3000000025164,"type":"fss","last_data_date":"2025-12-30T16:00:00.000Z","f_ins_h_s_r":0.003,"f_ind_h_s_r":0.997,"f_h_a":6578},"fpr":{"stockId":3000000025164,"type":"fpr","f_cagr_p_r_fs_ssc":5862,"f_cagr_p_r_fs_ssrp":0.12762327247909913,"f_p_r_m1_ssc":5808,"f_p_r_m1_ssrp":0.2149130359910453,"f_p_r_m3_ssc":5695,"f_p_r_m3_ssrp":0.11573586231120478,"f_p_r_fys_ssc":5566,"f_p_r_fys_ssrp":0.1554357592093441,"f_p_r_m6_ssc":5368,"f_p_r_m6_ssrp":0.13620272032792993},"fp":{"stockId":3000000025164,"type":"fp","last_data_date":"2026-05-11T16:00:00.000Z","f_cagr_p_r_fs":0.3473652931854183,"f_p_r_m1":0.1507486676254124,"f_p_r_m3":0.21141686704069818,"f_p_r_fys":0.27023998505929536,"f_p_r_m6":0.3058462129211854},"ff":{"stockId":3000000025164,"type":"ff","f_fr_d":"2026-02-11T16:00:00.000Z","f_m_fr":0.008,"f_c_fr":0.001,"f_mac_fr":0.009000000000000001},"f_nlacan":{"stockId":3000000025164,"type":"f_nlacan","f_nv_d":"2026-05-11T16:00:00.000Z","f_nv":1.3603,"f_nv_cr":0.004207884246272053},"f_as":{"stockId":3000000025164,"type":"f_as","f_tas":126090622.19600001,"f_tas_d":"2026-03-30T16:00:00.000Z"}},"masterSlaveFunds":[{"_id":3000000025165,"name":"易方达创业板指数增强型证券投资基金","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","status":"normal","indexFundFlag":1,"stockCode":"025165","tickerId":25165,"shortName":"易方达创业板增强C","currency":"CNY","__csrcFundId":15575,"exchange":"jj","masterFundFlag":null,"activeFundFlag":null,"etfFundFlag":null,"lofFundFlag":null,"pensionTargetFlag":null,"feederFundFlag":null,"classificationFlag":null,"closedEnd":null,"lastUpdated":"2026-05-08T17:12:36.987Z","inceptionDate":"2025-09-04T16:00:00.000Z","pinyin":"yfdcybzszqxzqtzjj","fundCollectionId":4000050110000,"__indexSourceEastMoney":1,"indexId":1000000399006}],"shareholdings":[{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000025164,"stockId":300308,"holdings":61800,"marketCap":35189538,"netValueRatio":0.0916,"quarterlyChange":-0.06654098360655702,"stock":{"stockCode":"300308","exchange":"sz","stockType":"company","tickerId":300308,"name":"中际旭创"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000025164,"stockId":300502,"holdings":69600,"marketCap":30821664,"netValueRatio":0.0802,"quarterlyChange":0.027757148161901002,"stock":{"stockCode":"300502","exchange":"sz","stockType":"company","tickerId":300502,"name":"新易盛"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000025164,"stockId":300750,"holdings":76207,"marketCap":30612351,"netValueRatio":0.0797,"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":"2026-04-21T16:00:00.000Z","fundId":3000000025164,"stockId":300274,"holdings":107980,"marketCap":16279064,"netValueRatio":0.0424,"quarterlyChange":-0.1185687558465861,"stock":{"stockCode":"300274","exchange":"sz","stockType":"company","tickerId":300274,"name":"阳光电源"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000025164,"stockId":300059,"holdings":704000,"marketCap":13298560,"netValueRatio":0.0346,"quarterlyChange":-0.18507333908541834,"stock":{"stockCode":"300059","exchange":"sz","stockType":"company","tickerId":300059,"name":"东方财富"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000025164,"stockId":300014,"holdings":210671,"marketCap":13110056,"netValueRatio":0.0341,"quarterlyChange":-0.05368004866180032,"stock":{"stockCode":"300014","exchange":"sz","stockType":"company","tickerId":300014,"name":"亿纬锂能"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000025164,"stockId":300207,"holdings":400238,"marketCap":10089999,"netValueRatio":0.0263,"quarterlyChange":-0.03594646271510471,"stock":{"stockCode":"300207","exchange":"sz","stockType":"company","tickerId":300207,"name":"欣旺达"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000025164,"stockId":300476,"holdings":35500,"marketCap":8910500,"netValueRatio":0.0232,"quarterlyChange":-0.1271993879963833,"stock":{"stockCode":"300476","exchange":"sz","stockType":"company","tickerId":300476,"name":"胜宏科技"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000025164,"stockId":300394,"holdings":28409,"marketCap":8568154,"netValueRatio":0.0223,"quarterlyChange":0.4854947544697832,"stock":{"stockCode":"300394","exchange":"sz","stockType":"company","tickerId":300394,"name":"天孚通信"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000025164,"stockId":300124,"holdings":110300,"marketCap":7390100,"netValueRatio":0.0192,"quarterlyChange":-0.1105801141643431,"stock":{"stockCode":"300124","exchange":"sz","stockType":"company","tickerId":300124,"name":"汇川技术"}}],"bondHoldings":[{"_id":"69723b931987889646e72d77","date":"2025-12-30T16:00:00.000Z","fundId":3000000025164,"stockCode":"123263","stockName":"鼎捷转债","holdings":337,"marketCap":48866,"netValueRatio":0.0001,"lastUpdated":"2026-01-22T15:00:35.942Z","declarationDate":"2026-01-21T16:00:00.000Z"}],"lastFsMetrics":{"latestTurnoverRate":1.5786878811890446,"latestTurnoverRateDate":"2025-12-30T16:00:00.000Z"}},"list":[{"_id":"69e8ecb01398d79843fea0e4","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","stockId":3000000025164,"sao":"本报告期，国内经济运行总体保持平稳。宏观政策延续稳增长与高质量发展并重的取向，财政与货币协同发力，流动性环境总体有利于实体经济融资与运行。内需方面，消费与房地产等领域仍处于渐进修复阶段，企业盈利修复的节奏、增量政策的传导效率以及经济内生动能能否持续巩固等现象还需持续关注。政策层面继续突出科技创新对现代化产业体系的引领作用，集成电路、人工智能、生物医药等战略性新兴产业及前沿方向仍是重点支持领域，相关产业与科技类政策保持积极稳健基调，与前期部署相承，落实工作有序推进。外部环境方面，贸易政策与地缘局势的不确定性仍在；国际油价在多重扰动下运行于相对高位，抬升全球能源成本中枢，并为海外通胀与增长前景增添变数。创业板相关资产对总量预期、利率环境以及成本端冲击的反应相对集中。一季度A股呈现阶段性波动，主题轮动较快，成长风格内部亦出现明显分化。创业板指汇聚新能源、生物医药、高端制造与数字经济等方向的龙头及代表性公司，权重结构使其在本季能源价格走强、制造业成本沿链条传导以及外需波动等背景下受到更多审视；各行业景气能否延续、盈利预测是否稳固等现象还需持续关注。步入四月后，上市公司第一季度报告将陆续披露，盈利与经营情况对前期市场预期的检验可能阶段性作用于创业板内部不同细分行业。创业板上市公司制造业属性较强，中长期走势难以脱离基本面锚定，业绩兑现与估值水平的匹配程度往往在定价中占据重要位置，上述因素对后续行情结构的影响值得持续跟踪。本基金为创业板指数增强型证券投资基金，在紧密跟踪创业板指的前提下，通过量化模型力争获取超越业绩比较基准的收益。本基金坚持不进行指数择时与大幅行业偏离，在严格控制跟踪误差及行业、风格暴露约束的基础上，依托多策略量化选股体系，综合运用基本面、量价及事件类等信号挖掘个股层面的增强机会。在投研体系建设方面，本季度管理人在人工智能相关研究上加大投入，将量化模型的研究流程在 AI 驱动的 Vibe Coding 工作流中完成重构，使策略构思、代码实现、回测与验证等环节在智能化辅助下衔接更为顺畅；上述安排不改变本基金既定的指数增强投资纪律，但有利于缩短从研究想法到可部署策略的路径，为后续模型的更快速迭代提供支撑。后续，管理人将在既定产品纪律下持续迭代模型与策略，努力持续创造超额收益。","lastUpdated":"2026-04-22T15:43:44.844Z","fund":{"_id":3000000025164,"__csrcFundId":15575,"stockCode":"025164","masterFundShortName":"易方达创业板增强","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","tickerId":25164,"currency":"CNY","masterFundFlag":1,"status":"normal","exchange":"jj","shortName":"易方达创业板增强(025164)","lastUpdated":"2026-05-08T17:15:44.950Z","name":"易方达创业板指数增强型证券投资基金","pinyin":"yfdcybzszqxzqtzjj","fundCollectionId":4000050110000,"__indexSourceEastMoney":1,"setUpAssetScale":345867506.4,"setUpDate":"2025-09-01T16:00:00.000Z","setUpShares":345867506.4,"__indexSourceCni":1,"inceptionDate":"2025-09-04T16:00:00.000Z","indexFundFlag":1,"followedNum":1,"indexId":1000000399006,"managers":[{"stockCode":"db20793334","stockType":"fund_manager","exchange":"fm","tickerId":2513214370,"name":"殷明"}]},"announcement":{"linkText":"易方达创业板指数增强型证券投资基金2026年第1季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1479675","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69cd15ab5c96f51c69ab8b0b","date":"2025-12-30T16:00:00.000Z","declarationDate":"2026-03-30T16:00:00.000Z","stockId":3000000025164,"sao":"回顾本报告期，市场在2024年反弹基础上持续发力，全年以2025年一季报披露为重要时间节点，呈现“前稳后强、科技领涨”的鲜明特征。全年维度，成交量整体保持温和放量态势，波动率逐步回归合理区间，前期表现突出的红利资产有所回调，而科技成长赛道成为全年主线。创业板作为中小企业创新发展的核心载体，覆盖新能源、新材料、生物医药、数字经济等多个战略新兴产业，表现亦不逊色：创业板指全年延续了“924行情”后的强劲上涨势头，显著跑赢沪深300、中证500等主流宽基指数。作为创业板上市公司大市值代表，创业板指全年表现很好地反映了我国“制造强国”的底色。正所谓“制造强国、科技兴国”，创业板、科创板正是两者的完美诠释。在报告期内，宏观和中观层面均呈现出诸多积极变化，同时也存在部分结构性挑战，共同塑造了全年科技板块的投资环境。宏观层面，国内GDP稳步攀升，经济高质量发展成效持续显现，为科技产业发展奠定了坚实的经济基础。生产方面，全国规模以上工业增加值同比增长，高技术制造业增加值增速领跑，服务业保持稳健回升态势，数字经济与实体经济深度融合，进一步释放相关产业发展动能。中观层面，创业板核心赛道迎来多重发展机遇，新能源电池、人工智能应用、生物医药创新、高端装备制造等多点开花，产业升级节奏加快，但同时也面临持续的外部挑战，核心零部件、高端材料等领域的自主可控势在必行，倒逼创业板企业加大研发投入、突破技术瓶颈。作为指数增强产品，本基金成立以来，在保证紧密跟踪住创业板指的前提下，逐步完成了增强指数的目标。具体来说，本基金在本年度的运作分为建仓期和平稳运作期两部分。在建仓期，我们使用了平稳建仓的方案，虽然此阶段创业板指有所上涨，但我们用平稳适中的仓位基本跟踪住了指数的上涨；建仓完成后，组合进入指数增强策略运作阶段，通过良好选股模型，该阶段取得了一定的超额收益。本产品作为指数增强产品，其核心投资目标是战胜业绩基准创业板指。创业板指的核心重仓包括锂电池、生物医药、光模块等高新科技产业，且龙头企业的权重占比很高。了解量化模型的投资者可能知道，量化模型比较擅长做“宽度投资”，而并不擅长对单一股票发表观点。因此，对于重点权重股，我们严控行业的偏离，尽量保证严密跟踪业绩基准。另一方面，针对这些权重股，我们也开发了一些新的量化模型，包括事件驱动、组合匹配、动量传递等策略，用于专门对这些重要的个股进行优化。而对于非权重股，我们已经有一套较为完善的多策略体系，类似“中证1000增强”、“科创综指增强”等产品，使用相同的投资框架，这里不再赘述。此外，值得一提的是，作为通过量化策略进行管理的基金，我们在2025年除了对模型进行日常的迭代研究外，还特别使用了新的AI工具帮助我们搭建量化模型。在过去的一年里，我们已经借助Claude Code搭建了新的量化投研框架，将新的量化策略快速通过AI编码进行实现。新的一年里，我们还会进一步借助AI Agent框架，通过Skills定义好不同的量化策略Agent，包括回测、监控、验证、组合等。后续我们也会在基金定期报告中向各位投资者更新AI模型的迭代情况。","lastUpdated":"2026-04-01T12:55:07.989Z","mo":"展望2026年，国内整体经济活力有望进一步回暖，尤其是当前AI对各大行业的拉动效应已经逐渐显现，有望在新的一年里成为经济增长的重要力量，甚至有望对PPI产生一定拉动作用，从而使得经济基本面从“量升价平”逐步走向更加健康的“量价齐升”。因此，在这样的背景下，我们建议投资者除了继续关注下游科技领域的投资机会外，可以将目光进一步扩散至中上游的材料和制造环节，例如半导体材料、锂电设备、小金属、能源化工等。创业板作为先进制造的核心指数，有望显著受益。我们将继续从自上而下以及自下而上两个角度进行深度研究，通过量化模型紧密跟踪相关数据，快速准确地做出投资决策。目前，我们的投资策略融合了宏观政策、中观景气度、微观基本面等不同信息，同时，充分依托在大数据、机器学习、另类数据中的深度研究，通过多策略投资的方式提高策略的稳定性，力争在2026年继续给投资者带来较好的资产回报。","fund":{"_id":3000000025164,"__csrcFundId":15575,"stockCode":"025164","masterFundShortName":"易方达创业板增强","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","tickerId":25164,"currency":"CNY","masterFundFlag":1,"status":"normal","exchange":"jj","shortName":"易方达创业板增强(025164)","lastUpdated":"2026-05-08T17:15:44.950Z","name":"易方达创业板指数增强型证券投资基金","pinyin":"yfdcybzszqxzqtzjj","fundCollectionId":4000050110000,"__indexSourceEastMoney":1,"setUpAssetScale":345867506.4,"setUpDate":"2025-09-01T16:00:00.000Z","setUpShares":345867506.4,"__indexSourceCni":1,"inceptionDate":"2025-09-04T16:00:00.000Z","indexFundFlag":1,"followedNum":1,"indexId":1000000399006,"managers":[{"stockCode":"db20793334","stockType":"fund_manager","exchange":"fm","tickerId":2513214370,"name":"殷明"}]},"announcement":{"linkText":"易方达创业板指数增强型证券投资基金2025年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1458932","linkType":"PDF","source":"csrc_pdf"}}]}